OMXS.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares OMX Stockholm Capped UCITS ETF (OMXS.L) and S&P 500 Index (^GSPC).

OMXS.L is a passively managed fund by iShares that tracks the performance of the MSCI Sweden NR SEK. It was launched on Dec 14, 2016.

Performance

OMXS.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares OMX Stockholm Capped UCITS ETF (OMXS.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

OMXS.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OMXS.L iShares OMX Stockholm Capped UCITS ETF	3.02%	26.09%	-0.34%	14.97%	-21.16%	24.41%	24.04%	20.97%	-7.16%	10.84%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

Different Trading Currencies

OMXS.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, OMXS.L achieves a 3.02% return, which is significantly higher than ^GSPC's -2.36% return.

OMXS.L

• 1D: 4.10%
• 1M: -5.32%
• YTD: 3.02%
• 6M: 11.98%
• 1Y: 21.15%
• 3Y*: 12.17%
• 5Y*: 6.18%
• 10Y*: —

^GSPC

• 1D: 0.49%
• 1M: -3.37%
• YTD: -2.36%
• 6M: -0.37%
• 1Y: 13.80%
• 3Y*: 14.19%
• 5Y*: 11.28%
• 10Y*: 13.04%

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

Return for Risk

OMXS.L vs. ^GSPC — Risk / Return Rank

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

OMXS.L

OMXS.L Risk / Return Rank: 57
OMXS.L Sharpe Ratio Rank: 60
OMXS.L Sortino Ratio Rank: 57
OMXS.L Omega Ratio Rank: 57
OMXS.L Calmar Ratio Rank: 56
OMXS.L Martin Ratio Rank: 57

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

OMXS.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OMXS.L) 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.

	OMXS.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.74	+0.38
Sortino ratio Return per unit of downside risk	1.55	1.15	+0.40
Omega ratio Gain probability vs. loss probability	1.22	1.18	+0.04
Calmar ratio Return relative to maximum drawdown	1.55	1.22	+0.33
Martin ratio Return relative to average drawdown	6.00	4.79	+1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OMXS.L vs. ^GSPC - Sharpe Ratio Comparison

The current OMXS.L Sharpe Ratio is 1.12, which is higher than the ^GSPC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of OMXS.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OMXS.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.74	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.71	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.55	-0.07

Correlation

The correlation between OMXS.L and ^GSPC is 0.39, 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.

Drawdowns

OMXS.L vs. ^GSPC - Drawdown Comparison

The maximum OMXS.L drawdown since its inception was -32.75%, smaller than the maximum ^GSPC drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for OMXS.L and ^GSPC.

Drawdown Indicators

	OMXS.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-32.75%	-56.78%	+24.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.98%	-12.14%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-32.75%	-25.43%	-7.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-8.09%	-5.78%	-2.31%
Average Drawdown Average peak-to-trough decline	-8.71%	-10.75%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.60%	+1.02%

Volatility

OMXS.L vs. ^GSPC - Volatility Comparison

iShares OMX Stockholm Capped UCITS ETF (OMXS.L) has a higher volatility of 8.64% compared to S&P 500 Index (^GSPC) at 4.58%. This indicates that OMXS.L'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.

Volatility by Period

	OMXS.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.64%	4.58%	+4.06%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	9.50%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	18.75%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.65%	15.90%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	18.17%	+1.91%