SSAB-B.ST vs. FNILX
Compare and contrast key facts about SSAB AB (publ) (SSAB-B.ST) and Fidelity ZERO Large Cap Index Fund (FNILX).
FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSAB-B.ST or FNILX.
Key characteristics
| SSAB-B.ST | FNILX | |
|---|---|---|
| YTD Return | -29.66% | 18.69% |
| 1Y Return | -7.51% | 29.78% |
| 3Y Return (Ann) | 16.59% | 8.75% |
| 5Y Return (Ann) | 23.41% | 16.16% |
| Sharpe Ratio | -0.26 | 2.43 |
| Daily Std Dev | 28.44% | 12.62% |
| Max Drawdown | -93.15% | -33.75% |
| Current Drawdown | -54.95% | -0.84% |
Correlation
The correlation between SSAB-B.ST and FNILX is 0.38, 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.
Performance
SSAB-B.ST vs. FNILX - Performance Comparison
In the year-to-date period, SSAB-B.ST achieves a -29.66% return, which is significantly lower than FNILX's 18.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SSAB-B.ST vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SSAB AB (publ) (SSAB-B.ST) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
Dividends
SSAB-B.ST vs. FNILX - Dividend Comparison
SSAB-B.ST's dividend yield for the trailing twelve months is around 10.00%, more than FNILX's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSAB-B.ST SSAB AB (publ) | 10.00% | 11.29% | 9.69% | 0.00% | 2.86% | 4.91% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 2.41% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.13% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSAB-B.ST vs. FNILX - Drawdown Comparison
The maximum SSAB-B.ST drawdown since its inception was -93.15%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for SSAB-B.ST and FNILX. For additional features, visit the drawdowns tool.
Volatility
SSAB-B.ST vs. FNILX - Volatility Comparison
SSAB AB (publ) (SSAB-B.ST) has a higher volatility of 7.59% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 5.94%. This indicates that SSAB-B.ST's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.