CHDVD.SW vs. EWP
CHDVD.SW (iShares Swiss Dividend ETF (CH)) and EWP (iShares MSCI Spain ETF) are both Europe Equities funds from iShares - CHDVD.SW tracks the SPI® Select Dividend 20 Index while EWP tracks the MSCI Spain Index. Both are passively managed. Over the past 10 years, CHDVD.SW returned 9.56%/yr vs 9.41%/yr for EWP. At a 0.44 correlation, their price movements are largely independent. CHDVD.SW charges 0.15%/yr vs 0.50%/yr for EWP.
Performance
CHDVD.SW vs. EWP - Performance Comparison
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Different Trading Currencies
CHDVD.SW is traded in CHF, while EWP is traded in USD. To make them comparable, the EWP 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 1.10% return, which is significantly lower than EWP's 5.72% return. Both investments have delivered pretty close results over the past 10 years, with CHDVD.SW having a 9.56% annualized return and EWP not far behind at 9.41%.
CHDVD.SW
- 1D
- 0.86%
- 1M
- 0.63%
- YTD
- 1.10%
- 6M
- 4.21%
- 1Y
- 7.23%
- 3Y*
- 9.63%
- 5Y*
- 6.89%
- 10Y*
- 9.56%
EWP
- 1D
- 0.07%
- 1M
- 1.84%
- YTD
- 5.72%
- 6M
- 8.61%
- 1Y
- 29.27%
- 3Y*
- 25.56%
- 5Y*
- 14.08%
- 10Y*
- 9.41%
CHDVD.SW vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 1.10% | 18.82% | 8.79% | 9.62% | -10.54% | 23.80% | 4.19% | 34.20% | -4.51% | 16.19% |
EWP iShares MSCI Spain ETF | 5.72% | 55.55% | 14.03% | 18.59% | -3.88% | 3.20% | -12.04% | 10.03% | -14.50% | 21.59% |
Correlation
The correlation between CHDVD.SW and EWP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014 | 0.44 |
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Return for Risk
CHDVD.SW vs. EWP — Risk / Return Rank
CHDVD.SW
EWP
CHDVD.SW vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and iShares MSCI Spain ETF (EWP). 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 | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.05 | -2.23 |
| Martin ratioReturn relative to average drawdown | 2.56 | 10.98 | -8.42 |
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 | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.69 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.74 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.43 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.06 | +0.50 |
Drawdowns
CHDVD.SW vs. EWP - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum EWP drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and EWP.
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Drawdown Indicators
| CHDVD.SW | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -65.58% | +35.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -9.65% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -15.52% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -26.71% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -46.45% | +16.36% |
Current DrawdownCurrent decline from peak | -4.02% | -0.93% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -36.45% | +31.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.68% | +0.34% |
Volatility
CHDVD.SW vs. EWP - Volatility Comparison
The current volatility for iShares Swiss Dividend ETF (CH) (CHDVD.SW) is 3.95%, while iShares MSCI Spain ETF (EWP) has a volatility of 4.32%. This indicates that CHDVD.SW experiences smaller price fluctuations and is considered to be less risky than EWP 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 | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 4.32% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 14.47% | -5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 17.42% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 19.16% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 22.03% | -7.41% |
CHDVD.SW vs. EWP - Expense Ratio Comparison
CHDVD.SW has a 0.15% expense ratio, which is lower than EWP's 0.50% expense ratio.
Dividends
CHDVD.SW vs. EWP - Dividend Comparison
CHDVD.SW's dividend yield for the trailing twelve months is around 3.23%, more than EWP's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 3.23% | 3.46% | 3.32% | 3.48% | 3.48% | 2.92% | 3.07% | 3.25% | 3.83% | 3.50% | 2.70% | 3.13% |
EWP iShares MSCI Spain ETF | 2.16% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
Frequently Asked Questions
CHDVD.SW and EWP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CHDVD.SW is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHDVD.SW is cheaper with a 0.15% expense ratio, compared with 0.50% for EWP.
CHDVD.SW tracks SPI® Select Dividend 20 Index, while EWP tracks MSCI Spain Index. Their fees differ too: 0.15% for CHDVD.SW and 0.50% for EWP.
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