OM3X.DE vs. ^GSPC
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) is Europe Equities fund tracking the OMX Stockholm Benchmark Cap, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, OM3X.DE returned 6.29%/yr vs 13.71%/yr for ^GSPC. At a 0.31 correlation, their price movements are largely independent.
Performance
OM3X.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.00% return, which is significantly lower than ^GSPC's 14.16% return.
OM3X.DE
- 1D
- -0.61%
- 1M
- -0.51%
- 6M
- 6.30%
- YTD
- 9.00%
- 1Y
- 20.25%
- 3Y*
- 13.11%
- 5Y*
- 6.29%
- 10Y*
- —
- ALL TIME*
- 10.57%
^GSPC
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 16.38%
- YTD
- 14.16%
- 1Y
- 19.57%
- 3Y*
- 15.19%
- 5Y*
- 13.71%
- 10Y*
- 14.37%
- ALL TIME*
- 10.92%
OM3X.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.00% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.24% | -4.53% | 9.87% |
^GSPC S&P 500 Index | 14.16% | -3.01% | 35.34% | 20.32% | -7.25% | 39.56% | 1.99% | 36.04% | 1.64% | 7.57% |
Correlation
The correlation between OM3X.DE and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016 | 0.31 |
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Return for Risk
OM3X.DE vs. ^GSPC — Risk / Return Rank
OM3X.DE
^GSPC
OM3X.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) 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.
| OM3X.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.77 | -0.95 |
| Martin ratioReturn relative to average drawdown | 6.80 | 7.64 | -0.84 |
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Drawdowns
OM3X.DE vs. ^GSPC - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.85%, smaller than the maximum ^GSPC drawdown of -39.51%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and ^GSPC.
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Drawdown Indicators
| OM3X.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.85% | -39.51% | +6.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -7.11% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -27.17% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -27.17% | -3.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.24% | — |
Current DrawdownCurrent decline from peak | -3.33% | -1.52% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -8.79% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.57% | +0.40% |
Volatility
OM3X.DE vs. ^GSPC - Volatility Comparison
iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a higher volatility of 3.94% compared to S&P 500 Index (^GSPC) at 1.89%. This indicates that OM3X.DE'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
| OM3X.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 1.89% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 8.94% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 12.36% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 16.77% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 17.88% | -0.44% |
Frequently Asked Questions
OM3X.DE and ^GSPC have a correlation of 0.29, 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 OM3X.DE and ^GSPC
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