CHDVD.SW vs. ^SSMI
CHDVD.SW (iShares Swiss Dividend ETF (CH)) is Europe Equities fund tracking the SPI® Select Dividend 20 Index, while ^SSMI (Swiss Market Index) is an index. Over the past 10 years, CHDVD.SW returned 9.54%/yr vs 4.96%/yr for ^SSMI. Their correlation of 0.90 suggests significant overlap in exposure.
Performance
CHDVD.SW vs. ^SSMI - Performance Comparison
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Returns By Period
In the year-to-date period, CHDVD.SW achieves a 0.24% return, which is significantly higher than ^SSMI's -0.37% return. Over the past 10 years, CHDVD.SW has outperformed ^SSMI with an annualized return of 9.54%, while ^SSMI has yielded a comparatively lower 4.96% annualized return.
CHDVD.SW
- 1D
- -0.28%
- 1M
- 0.20%
- YTD
- 0.24%
- 6M
- 2.97%
- 1Y
- 7.40%
- 3Y*
- 9.25%
- 5Y*
- 6.70%
- 10Y*
- 9.54%
^SSMI
- 1D
- -0.66%
- 1M
- 1.65%
- YTD
- -0.37%
- 6M
- 2.80%
- 1Y
- 8.00%
- 3Y*
- 4.92%
- 5Y*
- 2.70%
- 10Y*
- 4.96%
CHDVD.SW vs. ^SSMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 0.24% | 18.82% | 8.79% | 9.62% | -10.54% | 23.80% | 4.19% | 34.20% | -4.51% | 16.19% |
^SSMI Swiss Market Index | -0.37% | 14.37% | 4.16% | 3.81% | -16.67% | 20.29% | 0.82% | 25.95% | -10.15% | 14.14% |
Correlation
The correlation between CHDVD.SW and ^SSMI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014 | 0.90 |
The correlation between CHDVD.SW and ^SSMI has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
CHDVD.SW vs. ^SSMI — Risk / Return Rank
CHDVD.SW
^SSMI
CHDVD.SW vs. ^SSMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and Swiss Market Index (^SSMI). 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.
| CHDVD.SW | ^SSMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.67 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.48 | 2.08 | +0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHDVD.SW | ^SSMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.20 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.35 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.35 | +0.20 |
Drawdowns
CHDVD.SW vs. ^SSMI - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum ^SSMI drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and ^SSMI.
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Drawdown Indicators
| CHDVD.SW | ^SSMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -56.31% | +26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -12.08% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -17.31% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -22.34% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -27.54% | -2.55% |
Current DrawdownCurrent decline from peak | -4.84% | -5.68% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -14.56% | +10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.89% | -0.88% |
Volatility
CHDVD.SW vs. ^SSMI - Volatility Comparison
iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 4.10% compared to Swiss Market Index (^SSMI) at 3.61%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than ^SSMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHDVD.SW | ^SSMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.61% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.46% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 11.98% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 13.38% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 14.28% | +0.34% |
Frequently Asked Questions
CHDVD.SW and ^SSMI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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