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FXS - Swedish Stock Market: Total Index Performance Doesn't Give Us The Whole Story
Invesco CurrencyShares Swedish Krona Trust Rydex Investments
Sweden’s stock market has failed to produce significant growth for some time now. Since 2015, we can see that the OMXS30 is up by just over 4%, while that of the S&P 500 is up by almost 47%:
(Source: Investing.com)
Back in late 2016, Sweden’s Shiller CAPE ratio stood at 19.8x, which was significantly more than Developed Europe at 15.6x.
Fast forward to today, and the ratio for Sweden stands at 20.8x, while that of Developed Europe is 18.6x.
The rise in housing prices earlier - which I had previously cited as a risk factor