KESKOB.HE vs. ^GSPC
KESKOB.HE (Kesko Oyj) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, KESKOB.HE returned 52.55%/yr vs 12.95%/yr for ^GSPC. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
KESKOB.HE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
KESKOB.HE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, KESKOB.HE achieves a 16.05% return, which is significantly higher than ^GSPC's 11.48% return. Over the past 10 years, KESKOB.HE has outperformed ^GSPC with an annualized return of 52.55%, while ^GSPC has yielded a comparatively lower 12.95% annualized return.
KESKOB.HE
- 1D
- -0.46%
- 1M
- 11.86%
- 6M
- 3.50%
- YTD
- 16.05%
- 1Y
- 18.45%
- 3Y*
- 11.60%
- 5Y*
- -5.22%
- 10Y*
- 52.55%
- ALL TIME*
- 141.87%
^GSPC
- 1D
- 0.69%
- 1M
- -0.73%
- 6M
- 10.94%
- YTD
- 11.48%
- 1Y
- 20.66%
- 3Y*
- 16.08%
- 5Y*
- 11.89%
- 10Y*
- 12.95%
- ALL TIME*
- 10.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | €33.24T | €32.91T | €35.96T |
KESKOB.HE Kesko Oyj | €11.80M | €10.69M | €11.68M |
KESKOB.HE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KESKOB.HE Kesko Oyj | 16.05% | 11.29% | 6.05% | -7.85% | -26.23% | 43.33% | 38.21% | 98.46% | 355.33% | 241.17% |
^GSPC S&P 500 Index | 11.48% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between KESKOB.HE and ^GSPC is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2007 | 0.22 |
The correlation between KESKOB.HE and ^GSPC shifts across timeframes, from -0.06 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KESKOB.HE vs. ^GSPC — Risk / Return Rank
KESKOB.HE
^GSPC
KESKOB.HE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kesko Oyj (KESKOB.HE) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KESKOB.HE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.25 | -0.84 |
| Martin ratioReturn relative to average drawdown | 3.04 | 8.33 | -5.30 |
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Drawdowns
KESKOB.HE vs. ^GSPC - Drawdown Comparison
The maximum KESKOB.HE drawdown since its inception was -55.22%, which is greater than ^GSPC's maximum drawdown of -48.59%. Use the drawdown chart below to compare losses from any high point for KESKOB.HE and ^GSPC.
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Drawdown Indicators
| KESKOB.HE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -48.59% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -7.57% | -5.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -23.99% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -55.22% | -23.99% | -31.23% |
Max Drawdown (10Y)Largest decline over 10 years | -55.22% | -33.42% | -21.80% |
Current DrawdownCurrent decline from peak | -26.29% | -2.09% | -24.20% |
Average DrawdownAverage peak-to-trough decline | -17.84% | -7.93% | -9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 2.06% | +4.09% |
Volatility
KESKOB.HE vs. ^GSPC - Volatility Comparison
Kesko Oyj (KESKOB.HE) has a higher volatility of 5.52% compared to S&P 500 Index (^GSPC) at 3.40%. This indicates that KESKOB.HE'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.
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Volatility by Period
| KESKOB.HE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 3.40% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 8.86% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 12.80% | +5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.22% | 16.86% | +7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 129.81% | 18.61% | +111.20% |
Frequently Asked Questions
KESKOB.HE and ^GSPC have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for KESKOB.HE and ^GSPC
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