CHDVD.SW vs. CHF=X

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Swiss Dividend ETF (CH) (CHDVD.SW) and USD/CHF (CHF=X).

CHDVD.SW is a passively managed fund by iShares that tracks the performance of the SPI® Select Dividend 20 Index. It was launched on Apr 28, 2014.

Performance

CHDVD.SW vs. CHF=X - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in iShares Swiss Dividend ETF (CH) (CHDVD.SW) and USD/CHF (CHF=X). The values are adjusted to include any dividend payments, if applicable.

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)	0.35%	18.82%	8.79%	9.62%	-10.54%	23.80%	4.19%	34.20%	-4.51%	16.19%
CHF=X USD/CHF	0.73%	-12.62%	7.88%	-8.95%	1.37%	2.95%	-8.43%	-1.70%	0.97%	-4.25%

Returns By Period

In the year-to-date period, CHDVD.SW achieves a 0.35% return, which is significantly lower than CHF=X's 0.73% return. Over the past 10 years, CHDVD.SW has outperformed CHF=X with an annualized return of 10.16%, while CHF=X has yielded a comparatively lower -1.80% annualized return.

CHDVD.SW

• 1D: 0.11%
• 1M: -0.77%
• YTD: 0.35%
• 6M: 6.02%
• 1Y: 5.57%
• 3Y*: 10.79%
• 5Y*: 7.71%
• 10Y*: 10.16%

CHF=X

• 1D: 0.67%
• 1M: 2.20%
• YTD: 0.73%
• 6M: 0.21%
• 1Y: -9.32%
• 3Y*: -4.33%
• 5Y*: -3.22%
• 10Y*: -1.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CHDVD.SW vs. CHF=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHDVD.SW

CHDVD.SW Risk / Return Rank: 19
CHDVD.SW Sharpe Ratio Rank: 21
CHDVD.SW Sortino Ratio Rank: 19
CHDVD.SW Omega Ratio Rank: 21
CHDVD.SW Calmar Ratio Rank: 16
CHDVD.SW Martin Ratio Rank: 18

CHF=X

CHF=X Risk / Return Rank: 22
CHF=X Sharpe Ratio Rank: 14
CHF=X Sortino Ratio Rank: 17
CHF=X Omega Ratio Rank: 14
CHF=X Calmar Ratio Rank: 34
CHF=X Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	CHDVD.SW	CHF=X	Difference
Sharpe ratio Return per unit of total volatility	0.37	-0.85	+1.23
Sortino ratio Return per unit of downside risk	0.57	-1.05	+1.62
Omega ratio Gain probability vs. loss probability	1.09	0.86	+0.23
Calmar ratio Return relative to maximum drawdown	0.30	-0.20	+0.50
Martin ratio Return relative to average drawdown	1.09	-0.44	+1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHDVD.SW vs. CHF=X - Sharpe Ratio Comparison

The current CHDVD.SW Sharpe Ratio is 0.37, which is higher than the CHF=X Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of CHDVD.SW and CHF=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CHDVD.SW	CHF=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.85	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	-0.37	+0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	-0.23	+0.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	-0.22	+0.78

Correlation

The correlation between CHDVD.SW and CHF=X is 0.13, 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.

Drawdowns

CHDVD.SW vs. CHF=X - Drawdown Comparison

The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum CHF=X drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and CHF=X.

Drawdown Indicators

	CHDVD.SW	CHF=X	Difference
Max Drawdown Largest peak-to-trough decline	-30.09%	-42.16%	+12.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-11.52%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-17.08%	-24.87%	+7.79%
Max Drawdown (10Y) Largest decline over 10 years	-30.09%	-26.13%	-3.96%
Current Drawdown Current decline from peak	-4.73%	-35.88%	+31.15%
Average Drawdown Average peak-to-trough decline	-4.57%	-23.19%	+18.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	3.12%	+0.73%

Volatility

CHDVD.SW vs. CHF=X - Volatility Comparison

iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 4.74% compared to USD/CHF (CHF=X) at 2.15%. 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.

Volatility by Period

	CHDVD.SW	CHF=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	2.15%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	5.38%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	8.89%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	7.86%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	7.36%	+7.22%