SREN.SW vs. ^SSMI
SREN.SW (Swiss Re AG) is a stock, while ^SSMI (Swiss Market Index) is an index. Over the past 10 years, SREN.SW returned 8.96%/yr vs 4.96%/yr for ^SSMI. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
SREN.SW vs. ^SSMI - Performance Comparison
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Returns By Period
In the year-to-date period, SREN.SW achieves a -9.53% return, which is significantly lower than ^SSMI's -0.37% return. Over the past 10 years, SREN.SW has outperformed ^SSMI with an annualized return of 8.96%, while ^SSMI has yielded a comparatively lower 4.96% annualized return.
SREN.SW
- 1D
- 0.04%
- 1M
- -8.66%
- YTD
- -9.53%
- 6M
- -12.81%
- 1Y
- -16.36%
- 3Y*
- 12.64%
- 5Y*
- 11.98%
- 10Y*
- 8.96%
^SSMI
- 1D
- -0.66%
- 1M
- 1.65%
- YTD
- -0.37%
- 6M
- 2.80%
- 1Y
- 8.00%
- 3Y*
- 4.92%
- 5Y*
- 2.70%
- 10Y*
- 4.96%
SREN.SW vs. ^SSMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SREN.SW Swiss Re AG | -9.53% | 5.73% | 47.27% | 16.42% | 2.60% | 15.83% | -17.12% | 27.56% | 4.07% | -0.12% |
^SSMI Swiss Market Index | -0.37% | 14.37% | 4.16% | 3.81% | -16.67% | 20.29% | 0.82% | 25.95% | -10.15% | 14.14% |
Correlation
The correlation between SREN.SW and ^SSMI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 1995 | 0.65 |
Over the past year, the correlation between SREN.SW and ^SSMI has dropped to 0.42 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
SREN.SW vs. ^SSMI — Risk / Return Rank
SREN.SW
^SSMI
SREN.SW vs. ^SSMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swiss Re AG (SREN.SW) 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.
| SREN.SW | ^SSMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.13 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.67 | -1.42 |
| Martin ratioReturn relative to average drawdown | -1.36 | 2.08 | -3.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SREN.SW | ^SSMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | 0.68 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.20 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.35 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.35 | -0.12 |
Drawdowns
SREN.SW vs. ^SSMI - Drawdown Comparison
The maximum SREN.SW drawdown since its inception was -92.41%, which is greater than ^SSMI's maximum drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for SREN.SW and ^SSMI.
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Drawdown Indicators
| SREN.SW | ^SSMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.41% | -56.31% | -36.10% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -12.08% | -10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -17.31% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.74% | -22.34% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | -53.17% | -27.54% | -25.63% |
Current DrawdownCurrent decline from peak | -22.29% | -5.68% | -16.61% |
Average DrawdownAverage peak-to-trough decline | -30.16% | -14.56% | -15.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.14% | 3.89% | +8.25% |
Volatility
SREN.SW vs. ^SSMI - Volatility Comparison
Swiss Re AG (SREN.SW) has a higher volatility of 7.53% compared to Swiss Market Index (^SSMI) at 3.61%. This indicates that SREN.SW'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.
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Volatility by Period
| SREN.SW | ^SSMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 3.61% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 9.46% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 11.98% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.92% | 13.38% | +8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 14.28% | +9.00% |
Frequently Asked Questions
SREN.SW and ^SSMI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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