CHFUSD=X vs. CEMQ.DE
CHFUSD=X (USD/CHF) is a currency, while CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) is Europe Equities fund tracking the MSCI Europe Sector Neutral Quality. Over the past 10 years, CHFUSD=X returned 1.92%/yr vs 9.13%/yr for CEMQ.DE. At a 0.30 correlation, their price movements are largely independent.
Performance
CHFUSD=X vs. CEMQ.DE - Performance Comparison
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Different Trading Currencies
CHFUSD=X is traded in USD, while CEMQ.DE is traded in EUR. To make them comparable, the CEMQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHFUSD=X achieves a -0.58% return, which is significantly lower than CEMQ.DE's 5.18% return. Over the past 10 years, CHFUSD=X has underperformed CEMQ.DE with an annualized return of 1.92%, while CEMQ.DE has yielded a comparatively higher 9.13% annualized return.
CHFUSD=X
- 1D
- -0.30%
- 1M
- -1.92%
- YTD
- -0.58%
- 6M
- -0.14%
- 1Y
- 1.67%
- 3Y*
- 4.36%
- 5Y*
- 2.41%
- 10Y*
- 1.92%
CEMQ.DE
- 1D
- 1.34%
- 1M
- 2.81%
- YTD
- 5.18%
- 6M
- 7.46%
- 1Y
- 9.35%
- 3Y*
- 10.94%
- 5Y*
- 5.21%
- 10Y*
- 9.13%
CHFUSD=X vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHFUSD=X USD/CHF | -0.58% | 14.56% | -7.30% | 9.83% | -1.34% | -2.97% | 9.43% | 1.71% | -1.05% | 4.56% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 5.18% | 24.39% | -2.24% | 18.19% | -16.76% | 16.62% | 10.93% | 29.66% | -11.68% | 26.03% |
Correlation
The correlation between CHFUSD=X and CEMQ.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.30 |
The correlation between CHFUSD=X and CEMQ.DE shifts across timeframes, from 0.30 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CHFUSD=X vs. CEMQ.DE — Risk / Return Rank
CHFUSD=X
CEMQ.DE
CHFUSD=X vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/CHF (CHFUSD=X) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE). 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.
| CHFUSD=X | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.87 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.61 | 2.76 | -2.14 |
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Drawdowns
CHFUSD=X vs. CEMQ.DE - Drawdown Comparison
The maximum CHFUSD=X drawdown since its inception was -29.99%, smaller than the maximum CEMQ.DE drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for CHFUSD=X and CEMQ.DE.
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Drawdown Indicators
| CHFUSD=X | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.99% | -34.25% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -10.75% | +5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -14.50% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -11.35% | -33.16% | +21.81% |
Max Drawdown (10Y)Largest decline over 10 years | -13.35% | -34.25% | +20.90% |
Current DrawdownCurrent decline from peak | -9.51% | -1.37% | -8.14% |
Average DrawdownAverage peak-to-trough decline | -18.64% | -7.08% | -11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 3.38% | -1.04% |
Volatility
CHFUSD=X vs. CEMQ.DE - Volatility Comparison
The current volatility for USD/CHF (CHFUSD=X) is 1.68%, while iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) has a volatility of 4.45%. This indicates that CHFUSD=X experiences smaller price fluctuations and is considered to be less risky than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHFUSD=X | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 4.45% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 11.34% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 13.91% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.93% | 17.20% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 17.17% | -9.82% |
Frequently Asked Questions
CHFUSD=X and CEMQ.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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