KESKOB.HE vs. ^GSPC

Last updated Jun 5, 2026

KESKOB.HE (Kesko Oyj) is a stock, while ^GSPC (S&P 500 Index) is an index. At a 0.09 correlation, their price movements are largely independent.

Performance

KESKOB.HE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Kesko Oyj (KESKOB.HE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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 9.54% return, which is significantly lower than ^GSPC's 12.06% return.

KESKOB.HE

• 1D: 0.00%
• 1M: -1.34%
• YTD: 9.54%
• 6M: 14.54%
• 1Y: 3.47%
• 3Y*: 10.67%
• 5Y*: -2.22%
• 10Y*: 13.71%

^GSPC

• 1D: 0.00%
• 1M: 4.16%
• YTD: 12.06%
• 6M: 10.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KESKOB.HE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
KESKOB.HE Kesko Oyj	9.54%	-5.46%
^GSPC S&P 500 Index	9.98%	10.65%

Correlation

The correlation between KESKOB.HE and ^GSPC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.09

Return for Risk

KESKOB.HE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KESKOB.HE

KESKOB.HE Risk / Return Rank: 44
KESKOB.HE Sharpe Ratio Rank: 49
KESKOB.HE Sortino Ratio Rank: 40
KESKOB.HE Omega Ratio Rank: 40
KESKOB.HE Calmar Ratio Rank: 46
KESKOB.HE Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	KESKOB.HE	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.38	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.22	—	—
Martin ratio: Return relative to average drawdown	0.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KESKOB.HE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.98	-1.58

Drawdowns

KESKOB.HE vs. ^GSPC - Drawdown Comparison

The maximum KESKOB.HE drawdown since its inception was -71.18%, which is greater than ^GSPC's maximum drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for KESKOB.HE and ^GSPC.

Drawdown Indicators

	KESKOB.HE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-71.18%	-7.57%	-63.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.22%	—	—
Current Drawdown Current decline from peak	-30.43%	-0.20%	-30.23%
Average Drawdown Average peak-to-trough decline	-22.37%	-1.39%	-20.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.71%	—	—

Volatility

Volatility by Period

	KESKOB.HE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	12.22%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	12.22%	+11.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	12.22%	+12.15%

Frequently Asked Questions

Can I hold both KESKOB.HE and ^GSPC in my portfolio?

KESKOB.HE and ^GSPC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.