ZURN.SW vs. ^SSMI
ZURN.SW (Zurich Insurance Group AG) is a stock, while ^SSMI (Swiss Market Index) is an index. Over the past 10 years, ZURN.SW returned 15.05%/yr vs 4.96%/yr for ^SSMI. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
ZURN.SW vs. ^SSMI - Performance Comparison
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Returns By Period
In the year-to-date period, ZURN.SW achieves a -4.27% return, which is significantly lower than ^SSMI's -0.37% return. Over the past 10 years, ZURN.SW has outperformed ^SSMI with an annualized return of 15.05%, while ^SSMI has yielded a comparatively lower 4.96% annualized return.
ZURN.SW
- 1D
- -1.44%
- 1M
- 1.00%
- YTD
- -4.27%
- 6M
- 1.14%
- 1Y
- -0.36%
- 3Y*
- 14.10%
- 5Y*
- 13.54%
- 10Y*
- 15.05%
^SSMI
- 1D
- -0.66%
- 1M
- 1.65%
- YTD
- -0.37%
- 6M
- 2.80%
- 1Y
- 8.00%
- 3Y*
- 4.92%
- 5Y*
- 2.70%
- 10Y*
- 4.96%
ZURN.SW vs. ^SSMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZURN.SW Zurich Insurance Group AG | -4.27% | 17.58% | 29.76% | 4.89% | 16.11% | 12.78% | 0.06% | 43.68% | 4.89% | 12.59% |
^SSMI Swiss Market Index | -0.37% | 14.37% | 4.16% | 3.81% | -16.67% | 20.29% | 0.82% | 25.95% | -10.15% | 14.14% |
Correlation
The correlation between ZURN.SW and ^SSMI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 1995 | 0.69 |
Over the past year, the correlation between ZURN.SW and ^SSMI has dropped to 0.49 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
ZURN.SW vs. ^SSMI — Risk / Return Rank
ZURN.SW
^SSMI
ZURN.SW vs. ^SSMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zurich Insurance Group AG (ZURN.SW) and Swiss Market Index (^SSMI). 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.
| ZURN.SW | ^SSMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.13 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.67 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.07 | 2.08 | -2.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZURN.SW | ^SSMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.68 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.20 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.35 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.35 | -0.11 |
Drawdowns
ZURN.SW vs. ^SSMI - Drawdown Comparison
The maximum ZURN.SW drawdown since its inception was -88.78%, which is greater than ^SSMI's maximum drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for ZURN.SW and ^SSMI.
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Drawdown Indicators
| ZURN.SW | ^SSMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.78% | -56.31% | -32.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -12.08% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -17.31% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -22.34% | +7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -27.54% | -11.79% |
Current DrawdownCurrent decline from peak | -4.87% | -5.68% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -36.77% | -14.56% | -22.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 3.89% | +1.55% |
Volatility
ZURN.SW vs. ^SSMI - Volatility Comparison
Zurich Insurance Group AG (ZURN.SW) has a higher volatility of 6.17% compared to Swiss Market Index (^SSMI) at 3.61%. This indicates that ZURN.SW's price experiences larger fluctuations and is considered to be riskier than ^SSMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZURN.SW | ^SSMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 3.61% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 9.46% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 11.98% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 13.38% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.46% | 14.28% | +5.18% |
Frequently Asked Questions
ZURN.SW and ^SSMI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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