CHDVD.SW vs. FWRA.L

Last updated Jun 5, 2026

CHDVD.SW (iShares Swiss Dividend ETF (CH)) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - CHDVD.SW is a Europe Equities fund tracking the SPI® Select Dividend 20 Index, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, CHDVD.SW returned 7.23% vs 22.24% for FWRA.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

CHDVD.SW vs. FWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in iShares Swiss Dividend ETF (CH) (CHDVD.SW) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CHDVD.SW is traded in CHF, while FWRA.L is traded in USD. To make them comparable, the FWRA.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 1.10% return, which is significantly lower than FWRA.L's 9.92% return.

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%

FWRA.L

• 1D: -0.13%
• 1M: 3.09%
• YTD: 9.92%
• 6M: 9.50%
• 1Y: 22.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHDVD.SW vs. FWRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHDVD.SW iShares Swiss Dividend ETF (CH)	1.10%	18.82%	8.79%	2.67%
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	9.92%	6.96%	27.35%	3.36%

Correlation

The correlation between CHDVD.SW and FWRA.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	0.37

Return for Risk

CHDVD.SW vs. FWRA.L — 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: 21
CHDVD.SW Sharpe Ratio Rank: 21
CHDVD.SW Sortino Ratio Rank: 20
CHDVD.SW Omega Ratio Rank: 20
CHDVD.SW Calmar Ratio Rank: 20
CHDVD.SW Martin Ratio Rank: 22

FWRA.L

FWRA.L Risk / Return Rank: 71
FWRA.L Sharpe Ratio Rank: 70
FWRA.L Sortino Ratio Rank: 76
FWRA.L Omega Ratio Rank: 72
FWRA.L Calmar Ratio Rank: 65
FWRA.L Martin Ratio Rank: 72

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. FWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.

	CHDVD.SW	FWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.74	-1.07
Sortino ratio: Return per unit of downside risk	1.01	2.45	-1.44
Omega ratio: Gain probability vs. loss probability	1.13	1.32	-0.19
Calmar ratio: Return relative to maximum drawdown	0.82	2.96	-2.14
Martin ratio: Return relative to average drawdown	2.56	9.57	-7.01
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. FWRA.L - Sharpe Ratio Comparison

The current CHDVD.SW Sharpe Ratio is 0.66, which is lower than the FWRA.L Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of CHDVD.SW and FWRA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHDVD.SW	FWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	1.74	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.09	-0.53

Drawdowns

CHDVD.SW vs. FWRA.L - Drawdown Comparison

The maximum CHDVD.SW drawdown since its inception was -30.09%, which is greater than FWRA.L's maximum drawdown of -20.42%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and FWRA.L.

Drawdown Indicators

	CHDVD.SW	FWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.09%	-20.42%	-9.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	-7.52%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.09%	—	—
Current Drawdown Current decline from peak	-4.02%	-1.43%	-2.59%
Average Drawdown Average peak-to-trough decline	-4.55%	-3.02%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.32%	+0.70%

Volatility

CHDVD.SW vs. FWRA.L - Volatility Comparison

iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 3.95% compared to Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) at 3.38%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHDVD.SW	FWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.38%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	9.52%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	12.82%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	14.60%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.62%	14.60%	+0.02%

CHDVD.SW vs. FWRA.L - Expense Ratio Comparison

Both CHDVD.SW and FWRA.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CHDVD.SW vs. FWRA.L - Dividend Comparison

CHDVD.SW's dividend yield for the trailing twelve months is around 3.23%, while FWRA.L has not paid dividends to shareholders.

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%
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHDVD.SW and FWRA.L in my portfolio?

CHDVD.SW and FWRA.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHDVD.SW or FWRA.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHDVD.SW or FWRA.L?

CHDVD.SW and FWRA.L have the same expense ratio: 0.15% per year.

What is the main difference between CHDVD.SW and FWRA.L?

CHDVD.SW is categorized as Europe Equities, while FWRA.L is Global Equities. CHDVD.SW tracks SPI® Select Dividend 20 Index, while FWRA.L tracks FTSE All-World Index. They also come from different issuers: iShares and Invesco.