^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:
0.26
^GSPC:
0.24
^SSMI:
0.43
^GSPC:
0.47
^SSMI:
1.07
^GSPC:
1.07
^SSMI:
0.24
^GSPC:
0.24
^SSMI:
0.98
^GSPC:
1.08
^SSMI:
4.23%
^GSPC:
4.25%
^SSMI:
15.68%
^GSPC:
19.00%
^SSMI:
-56.31%
^GSPC:
-56.78%
^SSMI:
-11.44%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, ^SSMI achieves a 0.52% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, ^SSMI has underperformed ^GSPC with an annualized return of 2.23%, while ^GSPC has yielded a comparatively higher 9.65% annualized return.
^SSMI
0.52%
-10.96%
-5.40%
3.23%
3.57%
2.23%
^GSPC
-10.18%
-6.71%
-9.92%
6.35%
13.40%
9.65%
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Risk-Adjusted Performance
^SSMI vs. ^GSPC — Risk-Adjusted Performance Rank
^SSMI
^GSPC
^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
Swiss Market Index (^SSMI) and S&P 500 (^GSPC) have volatilities of 13.49% and 13.60%, 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.