CHDVD.SW vs. 4GLD.DE
CHDVD.SW (iShares Swiss Dividend ETF (CH)) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - CHDVD.SW is a Europe Equities fund tracking the SPI® Select Dividend 20 Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CHDVD.SW returned 9.54%/yr vs 11.21%/yr for 4GLD.DE. At a 0.02 correlation, their price movements are largely independent. CHDVD.SW charges 0.15%/yr vs 0.00%/yr for 4GLD.DE.
Performance
CHDVD.SW vs. 4GLD.DE - Performance Comparison
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Different Trading Currencies
CHDVD.SW is traded in CHF, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE values have been converted to CHF using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHDVD.SW achieves a 0.24% return, which is significantly lower than 4GLD.DE's 0.90% return. Over the past 10 years, CHDVD.SW has underperformed 4GLD.DE with an annualized return of 9.54%, while 4GLD.DE has yielded a comparatively higher 11.21% 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%
4GLD.DE
- 1D
- -0.89%
- 1M
- -1.11%
- YTD
- 0.90%
- 6M
- 3.97%
- 1Y
- 27.27%
- 3Y*
- 25.43%
- 5Y*
- 15.59%
- 10Y*
- 11.21%
CHDVD.SW vs. 4GLD.DE - 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% |
4GLD.DE Xetra-Gold | 0.90% | 47.68% | 36.25% | 2.67% | 2.42% | -0.70% | 12.83% | 16.98% | -0.73% | 7.47% |
Correlation
The correlation between CHDVD.SW and 4GLD.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014 | 0.02 |
The correlation between CHDVD.SW and 4GLD.DE shifts across timeframes, from 0.01 (10 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CHDVD.SW vs. 4GLD.DE — Risk / Return Rank
CHDVD.SW
4GLD.DE
CHDVD.SW vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and Xetra-Gold (4GLD.DE). 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 | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.67 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.48 | 4.39 | -1.92 |
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 | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.19 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.97 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.78 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.43 | +0.13 |
Drawdowns
CHDVD.SW vs. 4GLD.DE - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum 4GLD.DE drawdown of -37.40%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and 4GLD.DE.
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Drawdown Indicators
| CHDVD.SW | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -37.40% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -16.30% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -16.30% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -16.31% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -16.65% | -13.44% |
Current DrawdownCurrent decline from peak | -4.84% | -14.73% | +9.89% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -14.25% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 6.19% | -3.18% |
Volatility
CHDVD.SW vs. 4GLD.DE - Volatility Comparison
The current volatility for iShares Swiss Dividend ETF (CH) (CHDVD.SW) is 4.10%, while Xetra-Gold (4GLD.DE) has a volatility of 5.52%. This indicates that CHDVD.SW experiences smaller price fluctuations and is considered to be less risky than 4GLD.DE 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 | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 5.52% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 19.62% | -10.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 22.73% | -11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 15.92% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 14.21% | +0.41% |
CHDVD.SW vs. 4GLD.DE - Expense Ratio Comparison
CHDVD.SW has a 0.15% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CHDVD.SW vs. 4GLD.DE - Dividend Comparison
CHDVD.SW's dividend yield for the trailing twelve months is around 3.26%, while 4GLD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHDVD.SW iShares Swiss Dividend ETF (CH) | 3.26% | 3.46% | 3.32% | 3.48% | 3.48% | 2.92% | 3.07% | 3.25% | 3.83% | 3.50% | 2.70% | 3.13% |
Frequently Asked Questions
CHDVD.SW and 4GLD.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4GLD.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.15% for CHDVD.SW.
CHDVD.SW is categorized as Europe Equities, while 4GLD.DE is Gold. CHDVD.SW tracks SPI® Select Dividend 20 Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.15% for CHDVD.SW and 0.00% for 4GLD.DE.
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