^SSMI vs. ^GSPC
Compare and contrast key facts about Swiss Market Index (^SSMI) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SSMI or ^GSPC.
Correlation
The correlation between ^SSMI and ^GSPC is 0.30, 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.
Performance
^SSMI vs. ^GSPC - Performance Comparison
Key characteristics
^SSMI:
0.28
^GSPC:
2.07
^SSMI:
0.45
^GSPC:
2.76
^SSMI:
1.06
^GSPC:
1.39
^SSMI:
0.22
^GSPC:
3.05
^SSMI:
1.03
^GSPC:
13.27
^SSMI:
3.10%
^GSPC:
1.95%
^SSMI:
11.56%
^GSPC:
12.52%
^SSMI:
-56.31%
^GSPC:
-56.78%
^SSMI:
-11.43%
^GSPC:
-1.91%
Returns By Period
In the year-to-date period, ^SSMI achieves a 3.15% return, which is significantly lower than ^GSPC's 25.25% return. Over the past 10 years, ^SSMI has underperformed ^GSPC with an annualized return of 2.45%, while ^GSPC has yielded a comparatively higher 11.11% annualized return.
^SSMI
3.15%
-1.95%
-5.50%
3.01%
1.38%
2.45%
^GSPC
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
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Risk-Adjusted Performance
^SSMI vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Swiss Market Index (^SSMI) and S&P 500 (^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.
Drawdowns
^SSMI vs. ^GSPC - Drawdown Comparison
The maximum ^SSMI drawdown since its inception was -56.31%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^SSMI and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^SSMI vs. ^GSPC - Volatility Comparison
The current volatility for Swiss Market Index (^SSMI) is 3.40%, while S&P 500 (^GSPC) has a volatility of 3.80%. This indicates that ^SSMI experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.