ABBNY vs. ^SSMI
Compare and contrast key facts about ABB Ltd (ABBNY) and Swiss Market Index (^SSMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABBNY or ^SSMI.
Correlation
The correlation between ABBNY and ^SSMI is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABBNY vs. ^SSMI - Performance Comparison
Key characteristics
ABBNY:
1.20
^SSMI:
0.38
ABBNY:
1.64
^SSMI:
0.58
ABBNY:
1.22
^SSMI:
1.07
ABBNY:
2.16
^SSMI:
0.30
ABBNY:
6.22
^SSMI:
1.39
ABBNY:
4.04%
^SSMI:
3.16%
ABBNY:
21.04%
^SSMI:
11.57%
ABBNY:
-93.98%
^SSMI:
-56.31%
ABBNY:
-8.73%
^SSMI:
-10.56%
Returns By Period
In the year-to-date period, ABBNY achieves a 25.06% return, which is significantly higher than ^SSMI's 4.16% return. Over the past 10 years, ABBNY has outperformed ^SSMI with an annualized return of 14.41%, while ^SSMI has yielded a comparatively lower 2.60% annualized return.
ABBNY
25.06%
-4.97%
-2.66%
25.06%
22.54%
14.41%
^SSMI
4.16%
-1.39%
-3.72%
4.16%
1.79%
2.60%
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Risk-Adjusted Performance
ABBNY vs. ^SSMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ABB Ltd (ABBNY) and Swiss Market Index (^SSMI). 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
ABBNY vs. ^SSMI - Drawdown Comparison
The maximum ABBNY drawdown since its inception was -93.98%, which is greater than ^SSMI's maximum drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for ABBNY and ^SSMI. For additional features, visit the drawdowns tool.
Volatility
ABBNY vs. ^SSMI - Volatility Comparison
ABB Ltd (ABBNY) has a higher volatility of 7.16% compared to Swiss Market Index (^SSMI) at 3.24%. This indicates that ABBNY's price experiences larger fluctuations and is considered to be riskier than ^SSMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.