^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
Returns By Period
In the year-to-date period, ^SSMI achieves a 4.51% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, ^SSMI has underperformed SPY with an annualized return of 2.52%, while SPY has yielded a comparatively higher 13.04% annualized return.
^SSMI
4.51%
-5.57%
-3.31%
8.40%
2.31%
2.52%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| ^SSMI | SPY | |
|---|---|---|
| Sharpe Ratio | 0.83 | 2.67 |
| Sortino Ratio | 1.17 | 3.56 |
| Omega Ratio | 1.15 | 1.50 |
| Calmar Ratio | 0.54 | 3.85 |
| Martin Ratio | 3.95 | 17.38 |
| Ulcer Index | 2.37% | 1.86% |
| Daily Std Dev | 11.26% | 12.17% |
| Max Drawdown | -56.31% | -55.19% |
| Current Drawdown | -10.26% | -1.77% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Risk-Adjusted Performance
^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.
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. For additional features, visit the drawdowns tool.
Volatility
^SSMI vs. SPY - Volatility Comparison
The current volatility for Swiss Market Index (^SSMI) is 3.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. 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.