CHDVD.SW vs. IHYG.L
CHDVD.SW (iShares Swiss Dividend ETF (CH)) and IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - CHDVD.SW is a Europe Equities fund tracking the SPI® Select Dividend 20 Index, while IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index. Both are passively managed. Over the past 10 years, CHDVD.SW returned 9.56%/yr vs 1.41%/yr for IHYG.L. At a 0.39 correlation, their price movements are largely independent. CHDVD.SW charges 0.15%/yr vs 0.50%/yr for IHYG.L.
Performance
CHDVD.SW vs. IHYG.L - Performance Comparison
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Different Trading Currencies
CHDVD.SW is traded in CHF, while IHYG.L is traded in EUR. To make them comparable, the IHYG.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 higher than IHYG.L's -0.71% return. Over the past 10 years, CHDVD.SW has outperformed IHYG.L with an annualized return of 9.56%, while IHYG.L has yielded a comparatively lower 1.41% annualized return.
CHDVD.SW
- 1D
- 0.86%
- 1M
- 0.63%
- YTD
- 1.10%
- 6M
- 3.92%
- 1Y
- 7.23%
- 3Y*
- 9.63%
- 5Y*
- 6.89%
- 10Y*
- 9.56%
IHYG.L
- 1D
- 0.32%
- 1M
- 0.96%
- YTD
- -0.71%
- 6M
- -0.65%
- 1Y
- 1.23%
- 3Y*
- 4.20%
- 5Y*
- -0.84%
- 10Y*
- 1.41%
CHDVD.SW vs. IHYG.L - 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% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | -0.71% | 4.38% | 6.99% | 4.57% | -13.74% | -1.15% | 0.81% | 5.74% | -7.17% | 14.56% |
Correlation
The correlation between CHDVD.SW and IHYG.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2014 | 0.39 |
The correlation between CHDVD.SW and IHYG.L shifts across timeframes, from 0.22 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CHDVD.SW vs. IHYG.L — Risk / Return Rank
CHDVD.SW
IHYG.L
CHDVD.SW vs. IHYG.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 € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.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 | IHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.25 | +0.58 |
| Martin ratioReturn relative to average drawdown | 2.56 | 0.70 | +1.86 |
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 | IHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.25 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.10 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.16 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.17 | +0.39 |
Drawdowns
CHDVD.SW vs. IHYG.L - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, roughly equal to the maximum IHYG.L drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and IHYG.L.
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Drawdown Indicators
| CHDVD.SW | IHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -30.36% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -4.98% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -6.60% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -25.15% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -30.36% | +0.27% |
Current DrawdownCurrent decline from peak | -4.02% | -5.17% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -7.30% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.76% | +1.26% |
Volatility
CHDVD.SW vs. IHYG.L - Volatility Comparison
iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 3.95% compared to iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) at 1.11%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than IHYG.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 | IHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 1.11% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 3.91% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 5.01% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 8.06% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 8.86% | +5.76% |
CHDVD.SW vs. IHYG.L - Expense Ratio Comparison
CHDVD.SW has a 0.15% expense ratio, which is lower than IHYG.L's 0.50% expense ratio.
Dividends
CHDVD.SW vs. IHYG.L - Dividend Comparison
CHDVD.SW's dividend yield for the trailing twelve months is around 3.23%, less than IHYG.L's 5.18% 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% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.18% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
Frequently Asked Questions
CHDVD.SW and IHYG.L have a correlation of 0.22, 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 IHYG.L.
CHDVD.SW is categorized as Europe Equities, while IHYG.L is European High Yield Bonds. CHDVD.SW tracks SPI® Select Dividend 20 Index, while IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index. Their fees differ too: 0.15% for CHDVD.SW and 0.50% for IHYG.L.
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