CHDVD.SW vs. CHF=X
CHDVD.SW (iShares Swiss Dividend ETF (CH)) is Europe Equities fund tracking the SPI® Select Dividend 20 Index, while CHF=X (USD/CHF) is a currency. Over the past 10 years, CHDVD.SW returned 9.00%/yr vs -1.98%/yr for CHF=X. At a 0.12 correlation, their price movements are largely independent.
Performance
CHDVD.SW vs. CHF=X - Performance Comparison
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Returns By Period
In the year-to-date period, CHDVD.SW achieves a 10.64% return, which is significantly higher than CHF=X's 1.71% return. Over the past 10 years, CHDVD.SW has outperformed CHF=X with an annualized return of 9.00%, while CHF=X has yielded a comparatively lower -1.98% annualized return.
CHDVD.SW
- 1D
- 1.25%
- 1M
- 5.55%
- 6M
- 9.84%
- YTD
- 10.64%
- 1Y
- 21.04%
- 3Y*
- 12.80%
- 5Y*
- 6.73%
- 10Y*
- 9.00%
CHF=X
- 1D
- -0.24%
- 1M
- 0.87%
- 6M
- 0.57%
- YTD
- 1.71%
- 1Y
- 0.36%
- 3Y*
- -2.00%
- 5Y*
- -2.56%
- 10Y*
- -1.98%
CHDVD.SW vs. CHF=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 10.64% | 17.10% | 7.61% | 7.85% | -11.88% | 21.21% | 2.97% | 30.65% | -5.65% | 14.04% |
CHF=X USD/CHF | 1.71% | -12.62% | 7.88% | -8.95% | 1.37% | 2.95% | -8.43% | -1.70% | 0.97% | -4.25% |
Correlation
The correlation between CHDVD.SW and CHF=X is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2014 | 0.12 |
The correlation between CHDVD.SW and CHF=X shifts across timeframes, from -0.08 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHDVD.SW vs. CHF=X — Risk / Return Rank
CHDVD.SW
CHF=X
CHDVD.SW vs. CHF=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and USD/CHF (CHF=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CHDVD.SW | CHF=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.01 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 0.04 | +2.20 |
| Martin ratioReturn relative to average drawdown | 7.54 | 0.10 | +7.44 |
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Drawdowns
CHDVD.SW vs. CHF=X - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.44%, smaller than the maximum CHF=X drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and CHF=X.
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Drawdown Indicators
| CHDVD.SW | CHF=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -41.14% | +10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -6.64% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -17.43% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.32% | -24.87% | +6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | -26.13% | -4.31% |
Current DrawdownCurrent decline from peak | 0.00% | -34.12% | +34.12% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -22.25% | +16.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.62% | +0.19% |
Volatility
CHDVD.SW vs. CHF=X - Volatility Comparison
iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 3.27% compared to USD/CHF (CHF=X) at 1.63%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than CHF=X 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 | CHF=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.63% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 4.80% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 6.95% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 7.83% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.49% | 7.32% | +7.17% |
Frequently Asked Questions
CHDVD.SW and CHF=X have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CHDVD.SW and CHF=X
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