CHDVD.SW vs. SPHY
CHDVD.SW (iShares Swiss Dividend ETF (CH)) and SPHY (SPDR Portfolio High Yield Bond ETF) are both exchange-traded funds - CHDVD.SW is a Europe Equities fund tracking the SPI® Select Dividend 20 Index, while SPHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index. Both are passively managed. Over the past 10 years, CHDVD.SW returned 10.31%/yr vs 3.23%/yr for SPHY. At a 0.25 correlation, their price movements are largely independent. CHDVD.SW charges 0.15%/yr vs 0.05%/yr for SPHY.
Performance
CHDVD.SW vs. SPHY - Performance Comparison
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Different Trading Currencies
CHDVD.SW is traded in CHF, while SPHY is traded in USD. To make them comparable, the SPHY 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 SPHY's 2.27% return. Over the past 10 years, CHDVD.SW has outperformed SPHY with an annualized return of 10.31%, while SPHY has yielded a comparatively lower 3.23% 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%
SPHY
- 1D
- 0.24%
- 1M
- 2.31%
- YTD
- 2.27%
- 6M
- 2.53%
- 1Y
- 5.49%
- 3Y*
- 4.35%
- 5Y*
- 1.89%
- 10Y*
- 3.23%
CHDVD.SW vs. SPHY - 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 2.27% | -5.12% | 17.09% | 2.71% | -9.35% | 8.72% | -2.35% | 11.23% | -2.41% | 2.79% |
Correlation
The correlation between CHDVD.SW and SPHY is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2014 | 0.25 |
Over the past year, the correlation between CHDVD.SW and SPHY has dropped to 0.02 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
CHDVD.SW vs. SPHY — Risk / Return Rank
CHDVD.SW
SPHY
CHDVD.SW vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and SPDR Portfolio High Yield Bond ETF (SPHY). 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 | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.05 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.51 | 2.93 | +1.58 |
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Drawdowns
CHDVD.SW vs. SPHY - Drawdown Comparison
The maximum CHDVD.SW drawdown since its inception was -30.09%, which is greater than SPHY's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and SPHY.
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Drawdown Indicators
| CHDVD.SW | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -21.94% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -5.05% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -13.47% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -13.47% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -21.94% | -8.15% |
Current DrawdownCurrent decline from peak | -0.75% | -4.97% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.81% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.80% | +1.08% |
Volatility
CHDVD.SW vs. SPHY - Volatility Comparison
iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 3.51% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.32%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than SPHY 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 | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.32% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 5.65% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 7.53% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 9.51% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 10.13% | +4.48% |
CHDVD.SW vs. SPHY - Expense Ratio Comparison
CHDVD.SW has a 0.15% expense ratio, which is higher than SPHY's 0.05% 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. SPHY - Dividend Comparison
CHDVD.SW's dividend yield for the trailing twelve months is around 3.56%, less than SPHY's 7.24% 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.24% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
CHDVD.SW and SPHY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.15% for CHDVD.SW.
CHDVD.SW is categorized as Europe Equities, while SPHY is High Yield Bonds. CHDVD.SW tracks SPI® Select Dividend 20 Index, while SPHY tracks ICE BofA US High Yield Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for CHDVD.SW and 0.05% for SPHY.
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