ABBN.SW vs. ^GSPC
Compare and contrast key facts about ABB Ltd (ABBN.SW) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABBN.SW or ^GSPC.
Correlation
The correlation between ABBN.SW and ^GSPC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ABBN.SW vs. ^GSPC - Performance Comparison
Key characteristics
ABBN.SW:
1.49
^GSPC:
1.84
ABBN.SW:
1.90
^GSPC:
2.48
ABBN.SW:
1.28
^GSPC:
1.34
ABBN.SW:
2.15
^GSPC:
2.79
ABBN.SW:
6.86
^GSPC:
11.42
ABBN.SW:
4.98%
^GSPC:
2.08%
ABBN.SW:
22.89%
^GSPC:
12.84%
ABBN.SW:
-97.01%
^GSPC:
-56.78%
ABBN.SW:
-9.20%
^GSPC:
-2.03%
Returns By Period
In the year-to-date period, ABBN.SW achieves a -0.08% return, which is significantly lower than ^GSPC's 1.92% return. Over the past 10 years, ABBN.SW has outperformed ^GSPC with an annualized return of 14.88%, while ^GSPC has yielded a comparatively lower 11.34% annualized return.
ABBN.SW
-0.08%
-0.26%
12.33%
32.50%
20.62%
14.88%
^GSPC
1.92%
0.88%
15.58%
20.89%
12.50%
11.34%
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Risk-Adjusted Performance
ABBN.SW vs. ^GSPC — Risk-Adjusted Performance Rank
ABBN.SW
^GSPC
ABBN.SW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ABB Ltd (ABBN.SW) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
ABBN.SW vs. ^GSPC - Drawdown Comparison
The maximum ABBN.SW drawdown since its inception was -97.01%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ABBN.SW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ABBN.SW vs. ^GSPC - Volatility Comparison
ABB Ltd (ABBN.SW) has a higher volatility of 9.05% compared to S&P 500 (^GSPC) at 3.85%. This indicates that ABBN.SW's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.