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.
^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.
Performance
^SSMI vs. ^GSPC - Performance Comparison
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Key characteristics
^SSMI:
0.18
^GSPC:
0.62
^SSMI:
0.25
^GSPC:
0.94
^SSMI:
1.04
^GSPC:
1.14
^SSMI:
0.11
^GSPC:
0.61
^SSMI:
0.39
^GSPC:
2.29
^SSMI:
4.90%
^GSPC:
5.01%
^SSMI:
15.70%
^GSPC:
19.79%
^SSMI:
-56.31%
^GSPC:
-56.78%
^SSMI:
-7.44%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ^SSMI achieves a 5.05% return, which is significantly higher than ^GSPC's 0.52% return. Over the past 10 years, ^SSMI has underperformed ^GSPC with an annualized return of 2.81%, while ^GSPC has yielded a comparatively higher 10.84% annualized return.
^SSMI
5.05%
0.99%
4.07%
3.33%
1.52%
4.39%
2.81%
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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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.
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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.
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Volatility
^SSMI vs. ^GSPC - Volatility Comparison
The current volatility for Swiss Market Index (^SSMI) is 3.09%, while S&P 500 (^GSPC) has a volatility of 4.76%. 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.
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