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SSAB-B.ST vs. FNILX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SSAB-B.ST vs. FNILX

Last updated Jun 5, 2026

SSAB-B.ST (SSAB AB (publ)) is a stock, while FNILX (Fidelity ZERO Large Cap Index Fund) is Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, SSAB-B.ST returned 28.68%/yr vs 16.71%/yr for FNILX. At a 0.17 correlation, their price movements are largely independent.

Performance

SSAB-B.ST vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a SEK 10,000 investment in SSAB AB (publ) (SSAB-B.ST) and Fidelity ZERO Large Cap Index Fund (FNILX). 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 FNILX is traded in USD. To make them comparable, the FNILX 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 FNILX's 12.86% 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%

FNILX

1D
0.24%
1M
5.89%
YTD
12.86%
6M
10.41%
1Y
25.45%
3Y*
17.16%
5Y*
16.71%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SSAB-B.ST vs. FNILX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SSAB-B.ST
SSAB AB (publ)		45.04%65.48%-38.25%60.40%29.70%74.22%29.78%28.29%-30.89%
FNILX
Fidelity ZERO Large Cap Index Fund		12.86%-1.83%37.71%23.44%-7.16%39.31%6.27%39.12%-13.68%

Correlation

The correlation between SSAB-B.ST and FNILX 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

0.05

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

0.09

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2018

0.17

The correlation between SSAB-B.ST and FNILX shifts across timeframes, from 0.05 (3 years) to 0.17 (all time), reflecting how their relationship changes across market environments.

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SSAB AB (publ)

Fidelity ZERO Large Cap Index Fund

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Often compared with FNILX:
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Return for Risk

SSAB-B.ST vs. FNILX — 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
FNILX
FNILX Risk / Return Rank: 6363
Overall Rank
FNILX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FNILX Sortino Ratio Rank: 5656
Sortino Ratio Rank
FNILX Omega Ratio Rank: 5757
Omega Ratio Rank
FNILX Calmar Ratio Rank: 6464
Calmar Ratio Rank
FNILX Martin Ratio Rank: 7575
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. FNILX - Risk-Adjusted Trends 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.

SSAB-B.STFNILXDifference
Sharpe ratioReturn per unit of total volatility
1.93
2.00

-0.07

Sortino ratioReturn per unit of downside risk
2.59
2.59

0.00

Omega ratioGain probability vs. loss probability

1.32

1.37

-0.04

Calmar ratioReturn relative to maximum drawdown

3.65

3.51

+0.14

Martin ratioReturn relative to average drawdown

8.08

9.59

-1.52

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. FNILX - Sharpe Ratio Comparison

The current SSAB-B.ST Sharpe Ratio is 1.93, which is comparable to the FNILX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SSAB-B.ST and FNILX, 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.STFNILXDifference

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

0.98

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.82

-0.51

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 -30.06%. Use the drawdown chart below to compare losses from any high point for SSAB-B.ST and FNILX.

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Drawdown Indicators

SSAB-B.STFNILXDifference

Max Drawdown

Largest peak-to-trough decline

-93.15%

-30.06%

-63.09%

Max Drawdown (1Y)

Largest decline over 1 year

-19.15%

-7.09%

-12.06%

Max Drawdown (3Y)

Largest decline over 3 years

-46.01%

-27.24%

-18.77%

Max Drawdown (5Y)

Largest decline over 5 years

-46.01%

-27.24%

-18.77%

Max Drawdown (10Y)

Largest decline over 10 years

-52.69%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-42.92%

-4.95%

-37.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.77%

2.59%

+6.18%

Volatility

SSAB-B.ST vs. FNILX - Volatility Comparison

SSAB AB (publ) (SSAB-B.ST) has a higher volatility of 8.58% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 2.37%. 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.

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Volatility by Period

SSAB-B.STFNILXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.58%

2.37%

+6.21%

Volatility (6M)

Calculated over the trailing 6-month period

25.81%

8.54%

+17.27%

Volatility (1Y)

Calculated over the trailing 1-year period

36.30%

12.59%

+23.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.21%

17.06%

+19.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.49%

19.42%

+20.07%

Dividends

SSAB-B.ST vs. FNILX - Dividend Comparison

SSAB-B.ST's dividend yield for the trailing twelve months is around 2.03%, more than FNILX's 0.91% yield.

PositionTTM20252024202320222021202020192018
FNILX
Fidelity ZERO Large Cap Index Fund		0.91%1.01%1.09%1.34%1.53%0.95%1.20%1.17%0.53%
SSAB-B.ST
SSAB AB (publ)		2.03%3.73%11.39%11.29%9.69%0.00%27.63%4.91%4.01%

Frequently Asked Questions

SSAB-B.ST and FNILX 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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