SVNLY vs. ^GSPC
SVNLY (Svenska Handelsbanken PK) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SVNLY returned 10.54%/yr vs 13.65%/yr for ^GSPC. At a 0.44 correlation, their price movements are largely independent.
Performance
SVNLY vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SVNLY achieves a 14.31% return, which is significantly higher than ^GSPC's 10.79% return. Over the past 10 years, SVNLY has underperformed ^GSPC with an annualized return of 10.54%, while ^GSPC has yielded a comparatively higher 13.65% annualized return.
SVNLY
- 1D
- 0.99%
- 1M
- 2.73%
- YTD
- 14.31%
- 6M
- 20.29%
- 1Y
- 24.26%
- 3Y*
- 36.78%
- 5Y*
- 17.37%
- 10Y*
- 10.54%
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
SVNLY vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVNLY Svenska Handelsbanken PK | 14.31% | 59.09% | 6.10% | 18.06% | -1.98% | 17.74% | 0.42% | 0.94% | -12.03% | 6.42% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between SVNLY and ^GSPC is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2009 | 0.44 |
The correlation between SVNLY and ^GSPC shifts across timeframes, from 0.35 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SVNLY vs. ^GSPC — Risk / Return Rank
SVNLY
^GSPC
SVNLY vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Svenska Handelsbanken PK (SVNLY) 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.
| SVNLY | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.98 | -1.07 |
| Martin ratioReturn relative to average drawdown | 5.63 | 13.78 | -8.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SVNLY | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.28 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.74 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.76 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.47 | -0.11 |
Drawdowns
SVNLY vs. ^GSPC - Drawdown Comparison
The maximum SVNLY drawdown since its inception was -47.48%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SVNLY and ^GSPC.
Loading charts...
Drawdown Indicators
| SVNLY | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.48% | -56.78% | +9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -9.10% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.05% | -18.90% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -42.91% | -25.43% | -17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -47.48% | -33.92% | -13.56% |
Current DrawdownCurrent decline from peak | -2.46% | -0.33% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -10.72% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 1.97% | +2.35% |
Volatility
SVNLY vs. ^GSPC - Volatility Comparison
Svenska Handelsbanken PK (SVNLY) has a higher volatility of 5.57% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that SVNLY'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.
Loading charts...
Volatility by Period
| SVNLY | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 2.88% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.93% | 9.00% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.40% | 11.89% | +11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 16.90% | +12.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.87% | 18.06% | +10.81% |
Frequently Asked Questions
SVNLY and ^GSPC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVNLY has higher volatility (5.57%) compared to ^GSPC (2.88%). In terms of maximum drawdown, SVNLY dropped -47.48% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs 1.04), 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.
Find the right allocation for SVNLY and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer