Correlation
The correlation between ^SSMI and SPY is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^SSMI vs. SPY
Compare and contrast key facts about Swiss Market Index (^SSMI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SSMI or SPY.
Performance
^SSMI vs. SPY - Performance Comparison
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Key characteristics
^SSMI:
0.19
SPY:
0.70
^SSMI:
0.35
SPY:
1.02
^SSMI:
1.05
SPY:
1.15
^SSMI:
0.18
SPY:
0.68
^SSMI:
0.64
SPY:
2.57
^SSMI:
4.92%
SPY:
4.93%
^SSMI:
15.70%
SPY:
20.42%
^SSMI:
-56.31%
SPY:
-55.19%
^SSMI:
-7.14%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ^SSMI achieves a 5.40% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, ^SSMI has underperformed SPY with an annualized return of 2.88%, while SPY has yielded a comparatively higher 12.73% annualized return.
^SSMI
5.40%
0.91%
3.93%
1.89%
1.74%
4.46%
2.88%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
^SSMI vs. SPY — Risk-Adjusted Performance Rank
^SSMI
SPY
^SSMI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Swiss Market Index (^SSMI) and SPDR S&P 500 ETF (SPY). 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.
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Drawdowns
^SSMI vs. SPY - Drawdown Comparison
The maximum ^SSMI drawdown since its inception was -56.31%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SSMI and SPY.
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Volatility
^SSMI vs. SPY - Volatility Comparison
The current volatility for Swiss Market Index (^SSMI) is 3.09%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that ^SSMI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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