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CHDVD.SW vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

CHDVD.SW vs. USD=X

Last updated Jun 5, 2026

CHDVD.SW (iShares Swiss Dividend ETF (CH)) is Europe Equities fund tracking the SPI® Select Dividend 20 Index, while USD=X (USD Cash) is a currency. Over the past 10 years, CHDVD.SW returned 9.56%/yr vs -1.87%/yr for USD=X. At a 0.11 correlation, their price movements are largely independent.

Performance

CHDVD.SW vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in iShares Swiss Dividend ETF (CH) (CHDVD.SW) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CHDVD.SW is traded in CHF, while USD=X is traded in USD. To make them comparable, the USD=X 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 USD=X's 0.59% return. Over the past 10 years, CHDVD.SW has outperformed USD=X with an annualized return of 9.56%, while USD=X has yielded a comparatively lower -1.87% annualized 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%

USD=X

1D
0.00%
1M
2.86%
YTD
0.59%
6M
-1.10%
1Y
-2.85%
3Y*
-4.05%
5Y*
-2.26%
10Y*
-1.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHDVD.SW vs. USD=X - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
USD=X
USD Cash		0.59%-12.62%7.88%-8.95%1.37%2.95%-8.43%-1.70%0.97%-4.25%

Correlation

The correlation between CHDVD.SW and USD=X is -0.08, 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

-0.08

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

-0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2014

0.11

The correlation between CHDVD.SW and USD=X shifts across timeframes, from -0.08 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

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iShares Swiss Dividend ETF (CH)

USD Cash

Often compared with CHDVD.SW:
CHDVD.SW vs. CHSPI.SWCHDVD.SW vs. SPICHA.SWCHDVD.SW vs. CHF=XCHDVD.SW vs. EXIA.DECHDVD.SW vs. ZPDX.DECHDVD.SW vs. HDVCHDVD.SW vs. QQQ
Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX

Return for Risk

CHDVD.SW vs. USD=X — 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: 2121
Overall Rank
CHDVD.SW Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CHDVD.SW Sortino Ratio Rank: 2020
Sortino Ratio Rank
CHDVD.SW Omega Ratio Rank: 2020
Omega Ratio Rank
CHDVD.SW Calmar Ratio Rank: 2020
Calmar Ratio Rank
CHDVD.SW Martin Ratio Rank: 2222
Martin Ratio Rank
USD=X
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. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Swiss Dividend ETF (CH) (CHDVD.SW) and USD Cash (USD=X). 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.SWUSD=XDifference
Sharpe ratioReturn per unit of total volatility
0.66
-0.37

+1.03

Sortino ratioReturn per unit of downside risk
1.01
-0.44

+1.46

Omega ratioGain probability vs. loss probability

1.13

0.95

+0.18

Calmar ratioReturn relative to maximum drawdown

0.82

-0.38

+1.20

Martin ratioReturn relative to average drawdown

2.56

-0.76

+3.32

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. USD=X - Sharpe Ratio Comparison

The current CHDVD.SW Sharpe Ratio is 0.66, which is higher than the USD=X Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of CHDVD.SW and USD=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CHDVD.SWUSD=XDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.66

-0.37

+1.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

-0.27

+0.81

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

-0.25

+0.90

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

-0.21

+0.77

Drawdowns

CHDVD.SW vs. USD=X - Drawdown Comparison

The maximum CHDVD.SW drawdown since its inception was -30.09%, smaller than the maximum USD=X drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for CHDVD.SW and USD=X.

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Drawdown Indicators

CHDVD.SWUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-30.09%

-41.14%

+11.05%

Max Drawdown (1Y)

Largest decline over 1 year

-9.49%

-7.52%

-1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-14.72%

-17.43%

+2.71%

Max Drawdown (5Y)

Largest decline over 5 years

-17.08%

-24.87%

+7.79%

Max Drawdown (10Y)

Largest decline over 10 years

-30.09%

-26.13%

-3.96%

Current Drawdown

Current decline from peak

-4.02%

-34.85%

+30.83%

Average Drawdown

Average peak-to-trough decline

-4.55%

-21.97%

+17.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.81%

+0.21%

Volatility

CHDVD.SW vs. USD=X - Volatility Comparison

iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a higher volatility of 3.95% compared to USD Cash (USD=X) at 1.70%. This indicates that CHDVD.SW's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CHDVD.SWUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

1.70%

+2.25%

Volatility (6M)

Calculated over the trailing 6-month period

9.42%

5.96%

+3.46%

Volatility (1Y)

Calculated over the trailing 1-year period

11.75%

6.47%

+5.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.93%

6.90%

+6.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.62%

6.32%

+8.30%

Frequently Asked Questions

CHDVD.SW and USD=X have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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