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:
2.10
ABBN.SW:
1.90
^GSPC:
2.80
ABBN.SW:
1.28
^GSPC:
1.39
ABBN.SW:
2.08
^GSPC:
3.09
ABBN.SW:
6.93
^GSPC:
13.49
ABBN.SW:
4.76%
^GSPC:
1.94%
ABBN.SW:
22.13%
^GSPC:
12.52%
ABBN.SW:
-97.01%
^GSPC:
-56.78%
ABBN.SW:
-6.25%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, ABBN.SW achieves a 33.71% return, which is significantly higher than ^GSPC's 24.34% return. Over the past 10 years, ABBN.SW has outperformed ^GSPC with an annualized return of 13.50%, while ^GSPC has yielded a comparatively lower 11.06% annualized return.
ABBN.SW
33.71%
-0.39%
-1.87%
33.75%
21.35%
13.50%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
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 7.08% compared to S&P 500 (^GSPC) at 3.75%. 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.