SSREY vs. HVRRY
SSREY (Swiss Re Ltd) and HVRRY (Hannover Re) are both stocks. Both operate in the Insurance - Reinsurance industry within the Financial Services sector. Over the past 10 years, SSREY returned 13.56%/yr vs 13.04%/yr for HVRRY. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
SSREY vs. HVRRY - Performance Comparison
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Returns By Period
In the year-to-date period, SSREY achieves a -3.34% return, which is significantly higher than HVRRY's -9.93% return. Both investments have delivered pretty close results over the past 10 years, with SSREY having a 13.56% annualized return and HVRRY not far behind at 13.04%.
SSREY
- 1D
- 0.47%
- 1M
- 1.10%
- YTD
- -3.34%
- 6M
- -3.78%
- 1Y
- -3.87%
- 3Y*
- 22.01%
- 5Y*
- 17.06%
- 10Y*
- 13.56%
HVRRY
- 1D
- -0.56%
- 1M
- -4.23%
- YTD
- -9.93%
- 6M
- -10.67%
- 1Y
- -9.22%
- 3Y*
- 13.03%
- 5Y*
- 13.70%
- 10Y*
- 13.04%
SSREY vs. HVRRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSREY Swiss Re Ltd | -3.34% | 20.95% | 36.13% | 27.42% | 1.53% | 10.65% | -8.91% | 29.93% | 3.47% | 10.43% |
HVRRY Hannover Re | -9.93% | 29.30% | 7.59% | 24.53% | 11.05% | 20.35% | -16.15% | 48.63% | 10.97% | 21.66% |
Correlation
The correlation between SSREY and HVRRY is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 27, 2011 | 0.57 |
The correlation between SSREY and HVRRY shifts across timeframes, from 0.57 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SSREY:
$46.90B
HVRRY:
$32.29B
SSREY:
$6.68
HVRRY:
€4.06
SSREY:
5.77
HVRRY:
9.66
SSREY:
0.04
HVRRY:
0.29
SSREY:
0.48
HVRRY:
1.09
SSREY:
1.90
HVRRY:
2.04
SSREY:
$95.72B
HVRRY:
€25.44B
SSREY:
$67.80B
HVRRY:
€23.95B
SSREY:
$14.59B
HVRRY:
€9.81B
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Return for Risk
SSREY vs. HVRRY — Risk / Return Rank
SSREY
HVRRY
SSREY vs. HVRRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swiss Re Ltd (SSREY) and Hannover Re (HVRRY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSREY | HVRRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.95 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.53 | +0.35 |
| Martin ratioReturn relative to average drawdown | -0.33 | -1.07 | +0.74 |
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Drawdowns
SSREY vs. HVRRY - Drawdown Comparison
The maximum SSREY drawdown since its inception was -52.86%, smaller than the maximum HVRRY drawdown of -62.80%. Use the drawdown chart below to compare losses from any high point for SSREY and HVRRY.
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Drawdown Indicators
| SSREY | HVRRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -62.80% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -21.75% | -17.62% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.75% | -17.62% | -4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -33.09% | -31.66% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -52.86% | -44.24% | -8.62% |
Current DrawdownCurrent decline from peak | -16.25% | -14.84% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -8.48% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 8.66% | +3.09% |
Volatility
SSREY vs. HVRRY - Volatility Comparison
Swiss Re Ltd (SSREY) has a higher volatility of 5.55% compared to Hannover Re (HVRRY) at 4.94%. This indicates that SSREY's price experiences larger fluctuations and is considered to be riskier than HVRRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSREY | HVRRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.94% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 16.58% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 21.71% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 25.11% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.23% | 26.10% | -1.87% |
Dividends
SSREY vs. HVRRY - Dividend Comparison
SSREY's dividend yield for the trailing twelve months is around 5.22%, less than HVRRY's 5.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HVRRY Hannover Re | 5.46% | 3.19% | 3.10% | 2.75% | 3.15% | 2.92% | 2.75% | 2.19% | 3.27% | 4.55% | 8.64% | 1.19% |
SSREY Swiss Re Ltd | 5.22% | 4.39% | 4.71% | 5.69% | 6.68% | 5.56% | 6.37% | 4.99% | 5.77% | 10.83% | 8.65% | 7.74% |
Financials
SSREY vs. HVRRY - Financials Comparison
This section allows you to compare key financial metrics between Swiss Re Ltd and Hannover Re. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SSREY vs. HVRRY - Profitability Comparison
SSREY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Swiss Re Ltd reported a gross profit of 24.66B and revenue of 24.66B. Therefore, the gross margin over that period was 100.0%.
HVRRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hannover Re reported a gross profit of 7.31B and revenue of 7.31B. Therefore, the gross margin over that period was 100.0%.
SSREY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Swiss Re Ltd reported an operating income of 2.84B and revenue of 24.66B, resulting in an operating margin of 11.5%.
HVRRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hannover Re reported an operating income of 965.32M and revenue of 7.31B, resulting in an operating margin of 13.2%.
SSREY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Swiss Re Ltd reported a net income of 2.17B and revenue of 24.66B, resulting in a net margin of 8.8%.
HVRRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hannover Re reported a net income of 722.29M and revenue of 7.31B, resulting in a net margin of 9.9%.
Frequently Asked Questions
SSREY and HVRRY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSREY has higher volatility (5.55%) compared to HVRRY (4.94%). In terms of maximum drawdown, SSREY dropped -52.86% vs HVRRY's -62.80%.
SSREY currently has the higher Sharpe Ratio (-0.17 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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