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SSAB-B.ST vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

SSAB-B.ST vs. ^GSPC

Last updated Jun 5, 2026

SSAB-B.ST (SSAB AB (publ)) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SSAB-B.ST returned 29.66%/yr vs 15.31%/yr for ^GSPC. At a 0.21 correlation, their price movements are largely independent.

Performance

SSAB-B.ST vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a SEK 10,000 investment in SSAB AB (publ) (SSAB-B.ST) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SSAB-B.ST 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, SSAB-B.ST achieves a 45.04% return, which is significantly higher than ^GSPC's 12.74% return. Over the past 10 years, SSAB-B.ST has outperformed ^GSPC with an annualized return of 29.66%, while ^GSPC has yielded a comparatively lower 15.31% annualized return.

SSAB-B.ST

1D
1.50%
1M
15.12%
YTD
45.04%
6M
49.32%
1Y
68.84%
3Y*
15.64%
5Y*
28.68%
10Y*
29.66%

^GSPC

1D
0.21%
1M
5.79%
YTD
12.74%
6M
10.30%
1Y
24.63%
3Y*
15.38%
5Y*
15.28%
10Y*
15.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SSAB-B.ST vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SSAB-B.ST
SSAB AB (publ)		45.04%65.48%-38.25%60.40%29.70%74.22%29.78%28.29%-30.16%27.16%
^GSPC
S&P 500 Index		12.74%-3.01%35.34%20.32%-7.25%39.56%1.99%36.04%1.64%7.57%

Correlation

The correlation between SSAB-B.ST and ^GSPC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jul 11, 2007

0.21

The correlation between SSAB-B.ST and ^GSPC shifts across timeframes, from 0.03 (3 years) to 0.21 (all time), reflecting how their relationship changes across market environments.

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SSAB AB (publ)

S&P 500 Index

Often compared with SSAB-B.ST:
SSAB-B.ST vs. GAMA.LSSAB-B.ST vs. ELUXYSSAB-B.ST vs. ESGYXSSAB-B.ST vs. FNILXSSAB-B.ST vs. VOO
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

SSAB-B.ST vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSAB-B.ST
SSAB-B.ST Risk / Return Rank: 8484
Overall Rank
SSAB-B.ST Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
SSAB-B.ST Sortino Ratio Rank: 8484
Sortino Ratio Rank
SSAB-B.ST Omega Ratio Rank: 8282
Omega Ratio Rank
SSAB-B.ST Calmar Ratio Rank: 8686
Calmar Ratio Rank
SSAB-B.ST Martin Ratio Rank: 8484
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 8080
Overall Rank
^GSPC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7979
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7979
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 7676
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8686
Martin Ratio Rank
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.

SSAB-B.ST vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SSAB AB (publ) (SSAB-B.ST) 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.

SSAB-B.ST^GSPCDifference
Sharpe ratioReturn per unit of total volatility
1.93
2.00

-0.07

Sortino ratioReturn per unit of downside risk
2.59
2.58

+0.01

Omega ratioGain probability vs. loss probability

1.32

1.37

-0.04

Calmar ratioReturn relative to maximum drawdown

3.65

3.48

+0.17

Martin ratioReturn relative to average drawdown

8.08

9.61

-1.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSAB-B.ST vs. ^GSPC - Sharpe Ratio Comparison

The current SSAB-B.ST Sharpe Ratio is 1.93, which is comparable to the ^GSPC Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SSAB-B.ST and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SSAB-B.ST^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

2.00

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.91

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.86

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.58

-0.26

Drawdowns

SSAB-B.ST vs. ^GSPC - Drawdown Comparison

The maximum SSAB-B.ST drawdown since its inception was -93.15%, which is greater than ^GSPC's maximum drawdown of -39.70%. Use the drawdown chart below to compare losses from any high point for SSAB-B.ST and ^GSPC.

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Drawdown Indicators

SSAB-B.ST^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-93.15%

-39.70%

-53.45%

Max Drawdown (1Y)

Largest decline over 1 year

-19.15%

-7.11%

-12.04%

Max Drawdown (3Y)

Largest decline over 3 years

-46.01%

-27.17%

-18.84%

Max Drawdown (5Y)

Largest decline over 5 years

-46.01%

-27.17%

-18.84%

Max Drawdown (10Y)

Largest decline over 10 years

-52.69%

-30.24%

-22.45%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-42.92%

-8.87%

-34.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.77%

2.57%

+6.20%

Volatility

SSAB-B.ST vs. ^GSPC - Volatility Comparison

SSAB AB (publ) (SSAB-B.ST) has a higher volatility of 8.58% compared to S&P 500 Index (^GSPC) at 2.30%. This indicates that SSAB-B.ST'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

SSAB-B.ST^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.58%

2.30%

+6.28%

Volatility (6M)

Calculated over the trailing 6-month period

25.81%

8.52%

+17.29%

Volatility (1Y)

Calculated over the trailing 1-year period

36.30%

12.42%

+23.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.21%

16.78%

+19.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.49%

17.88%

+21.61%

Frequently Asked Questions

SSAB-B.ST and ^GSPC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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