CHDVD.SW vs. ERNU.L
CHDVD.SW (iShares Swiss Dividend ETF (CH)) and ERNU.L (iShares USD Ultrashort Bond UCITS ETF) are both exchange-traded funds - CHDVD.SW is a Europe Equities fund tracking the SPI® Select Dividend 20 Index, while ERNU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, CHDVD.SW returned 10.31%/yr vs 0.78%/yr for ERNU.L. At a 0.07 correlation, their price movements are largely independent. CHDVD.SW charges 0.15%/yr vs 0.09%/yr for ERNU.L.
Performance
CHDVD.SW vs. ERNU.L - Performance Comparison
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Different Trading Currencies
CHDVD.SW is traded in CHF, while ERNU.L is traded in GBP. To make them comparable, the ERNU.L 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 4.55% return, which is significantly higher than ERNU.L's 1.96% return. Over the past 10 years, CHDVD.SW has outperformed ERNU.L with an annualized return of 10.31%, while ERNU.L has yielded a comparatively lower 0.78% annualized return.
CHDVD.SW
- 1D
- 1.11%
- 1M
- 2.50%
- YTD
- 4.55%
- 6M
- 7.67%
- 1Y
- 13.41%
- 3Y*
- 10.87%
- 5Y*
- 6.99%
- 10Y*
- 10.31%
ERNU.L
- 1D
- -0.56%
- 1M
- 2.35%
- YTD
- 1.96%
- 6M
- 1.76%
- 1Y
- 2.54%
- 3Y*
- 0.69%
- 5Y*
- 1.27%
- 10Y*
- 0.78%
CHDVD.SW vs. ERNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 4.55% | 18.82% | 8.21% | 9.62% | -11.28% | 23.80% | 4.19% | 32.79% | -5.07% | 16.19% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 1.96% | -8.32% | 13.92% | -4.47% | 2.70% | 3.57% | -7.66% | 2.08% | 2.86% | -3.10% |
Correlation
The correlation between CHDVD.SW and ERNU.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2014 | 0.07 |
The correlation between CHDVD.SW and ERNU.L shifts across timeframes, from -0.15 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHDVD.SW vs. ERNU.L — Risk / Return Rank
CHDVD.SW
ERNU.L
CHDVD.SW vs. ERNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and iShares USD Ultrashort Bond UCITS ETF (ERNU.L). 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 | ERNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.45 | +0.88 |
| Martin ratioReturn relative to average drawdown | 4.51 | 1.12 | +3.39 |
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Drawdowns
CHDVD.SW vs. ERNU.L - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum ERNU.L drawdown of -42.29%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and ERNU.L.
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Drawdown Indicators
| CHDVD.SW | ERNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -42.29% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -4.70% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -12.79% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -12.79% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -12.79% | -17.30% |
Current DrawdownCurrent decline from peak | -0.75% | -27.56% | +26.81% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -30.17% | +25.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.90% | +0.98% |
Volatility
CHDVD.SW vs. ERNU.L - Volatility Comparison
iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 3.51% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 2.21%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than ERNU.L 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 | ERNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.21% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 5.91% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 7.71% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 8.63% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 8.15% | +6.46% |
CHDVD.SW vs. ERNU.L - Expense Ratio Comparison
CHDVD.SW has a 0.15% expense ratio, which is higher than ERNU.L's 0.09% 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. ERNU.L - Dividend Comparison
CHDVD.SW's dividend yield for the trailing twelve months is around 3.56%, more than ERNU.L's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 3.56% | 3.46% | 2.80% | 3.48% | 2.55% | 2.92% | 3.07% | 2.34% | 3.22% | 3.50% | 2.70% | 3.13% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 3.29% | 4.68% | 5.46% | 4.99% | 1.56% | 0.48% | 1.65% | 2.77% | 2.17% | 1.43% | 0.93% | 0.70% |
Frequently Asked Questions
CHDVD.SW and ERNU.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNU.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNU.L is cheaper with a 0.09% expense ratio, compared with 0.15% for CHDVD.SW.
CHDVD.SW is categorized as Europe Equities, while ERNU.L is Corporate Bonds. CHDVD.SW tracks SPI® Select Dividend 20 Index, while ERNU.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.15% for CHDVD.SW and 0.09% for ERNU.L.
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