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 16.56%/yr vs 5.76%/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 8.71% return, which is significantly higher than ^SSMI's 8.11% return. Over the past 10 years, ZURN.SW has outperformed ^SSMI with an annualized return of 16.56%, while ^SSMI has yielded a comparatively lower 5.76% annualized return.
ZURN.SW
- 1D
- -0.74%
- 1M
- 7.57%
- 6M
- 13.98%
- YTD
- 8.71%
- 1Y
- 17.03%
- 3Y*
- 19.79%
- 5Y*
- 17.24%
- 10Y*
- 16.56%
- ALL TIME*
- 10.35%
^SSMI
- 1D
- 0.00%
- 1M
- 4.14%
- 6M
- 8.03%
- YTD
- 8.11%
- 1Y
- 19.70%
- 3Y*
- 8.57%
- 5Y*
- 3.60%
- 10Y*
- 5.76%
- ALL TIME*
- 6.78%
ZURN.SW vs. ^SSMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZURN.SW Zurich Insurance Group AG | 8.71% | 17.58% | 29.76% | 4.89% | 16.11% | 12.78% | 0.06% | 43.68% | 4.39% | 12.59% |
^SSMI Swiss Market Index | 8.11% | 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 | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2006 | 0.69 |
The correlation between ZURN.SW and ^SSMI shifts across timeframes, from 0.49 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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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.
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.
| ZURN.SW | ^SSMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.65 | -0.28 |
| Martin ratioReturn relative to average drawdown | 3.31 | 5.37 | -2.06 |
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Drawdowns
ZURN.SW vs. ^SSMI - Drawdown Comparison
The maximum ZURN.SW drawdown since its inception was -65.97%, 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 | -65.97% | -56.31% | -9.66% |
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 | -0.74% | -0.56% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -14.64% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 3.69% | +1.49% |
Volatility
ZURN.SW vs. ^SSMI - Volatility Comparison
Zurich Insurance Group AG (ZURN.SW) and Swiss Market Index (^SSMI) have volatilities of 3.26% and 3.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 3.26% | 3.18% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 9.93% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 12.09% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 13.42% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 14.16% | +5.00% |
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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