CHDVD.SW vs. NOVN.SW
CHDVD.SW (iShares Swiss Dividend ETF (CH)) is Europe Equities fund tracking the SPI® Select Dividend 20 Index, while NOVN.SW (Novartis AG) is a stock. Over the past 10 years, CHDVD.SW returned 9.56%/yr vs 9.98%/yr for NOVN.SW. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
CHDVD.SW vs. NOVN.SW - Performance Comparison
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Returns By Period
In the year-to-date period, CHDVD.SW achieves a 1.10% return, which is significantly lower than NOVN.SW's 8.91% return. Both investments have delivered pretty close results over the past 10 years, with CHDVD.SW having a 9.56% annualized return and NOVN.SW not far ahead at 9.98%.
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%
NOVN.SW
- 1D
- 2.04%
- 1M
- 2.19%
- YTD
- 8.91%
- 6M
- 11.93%
- 1Y
- 22.96%
- 3Y*
- 14.41%
- 5Y*
- 12.76%
- 10Y*
- 9.98%
CHDVD.SW vs. NOVN.SW - 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% |
NOVN.SW Novartis AG | 8.91% | 27.98% | 8.44% | 11.93% | 8.75% | -0.11% | -5.39% | 28.50% | 6.51% | 16.04% |
Correlation
The correlation between CHDVD.SW and NOVN.SW is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014 | 0.69 |
The correlation between CHDVD.SW and NOVN.SW has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
CHDVD.SW vs. NOVN.SW — Risk / Return Rank
CHDVD.SW
NOVN.SW
CHDVD.SW vs. NOVN.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and Novartis AG (NOVN.SW). 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 | NOVN.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.29 | -1.47 |
| Martin ratioReturn relative to average drawdown | 2.56 | 5.53 | -2.97 |
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 | NOVN.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.34 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.72 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.55 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.48 | +0.07 |
Drawdowns
CHDVD.SW vs. NOVN.SW - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum NOVN.SW drawdown of -42.25%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and NOVN.SW.
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Drawdown Indicators
| CHDVD.SW | NOVN.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -42.25% | +12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -10.78% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -16.86% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -16.86% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -24.11% | -5.98% |
Current DrawdownCurrent decline from peak | -4.02% | -8.53% | +4.51% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -11.40% | +6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 4.43% | -1.41% |
Volatility
CHDVD.SW vs. NOVN.SW - Volatility Comparison
The current volatility for iShares Swiss Dividend ETF (CH) (CHDVD.SW) is 3.95%, while Novartis AG (NOVN.SW) has a volatility of 6.01%. This indicates that CHDVD.SW experiences smaller price fluctuations and is considered to be less risky than NOVN.SW 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 | NOVN.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 6.01% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 13.12% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 18.53% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 17.81% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 18.23% | -3.61% |
Dividends
CHDVD.SW vs. NOVN.SW - Dividend Comparison
CHDVD.SW's dividend yield for the trailing twelve months is around 3.23%, more than NOVN.SW's 3.19% 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% |
NOVN.SW Novartis AG | 3.19% | 3.19% | 3.72% | 3.77% | 3.91% | 3.94% | 3.72% | 3.27% | 3.98% | 3.98% | 4.35% | 3.58% |
Frequently Asked Questions
CHDVD.SW and NOVN.SW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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