CHFUSD=X vs. IDEV
CHFUSD=X (USD/CHF) is a currency, while IDEV (iShares Core MSCI International Developed Markets ETF) is Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Over the past 5 years, CHFUSD=X returned 2.34%/yr vs 9.34%/yr for IDEV. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
CHFUSD=X vs. IDEV - Performance Comparison
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Returns By Period
In the year-to-date period, CHFUSD=X achieves a -1.98% return, which is significantly lower than IDEV's 13.25% return.
CHFUSD=X
- 1D
- 0.18%
- 1M
- -0.54%
- 6M
- -4.11%
- YTD
- -1.98%
- 1Y
- 0.10%
- 3Y*
- 2.58%
- 5Y*
- 2.34%
- 10Y*
- 1.95%
- ALL TIME*
- 1.82%
IDEV
- 1D
- 1.18%
- 1M
- 2.75%
- 6M
- 7.33%
- YTD
- 13.25%
- 1Y
- 25.67%
- 3Y*
- 18.37%
- 5Y*
- 9.34%
- 10Y*
- —
- ALL TIME*
- 9.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CHFUSD=X USD/CHF | $66.54K | $118.64K | $158.89K |
| $151.01M | $129.69M | $127.92M |
CHFUSD=X vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHFUSD=X USD/CHF | -1.98% | 14.56% | -7.30% | 9.83% | -1.34% | -2.97% | 9.43% | 1.71% | -1.05% | 1.75% |
IDEV iShares Core MSCI International Developed Markets ETF | 13.25% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
Correlation
The correlation between CHFUSD=X and IDEV is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.27 |
The correlation between CHFUSD=X and IDEV shifts across timeframes, from 0.27 (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. IDEV — Risk / Return Rank
CHFUSD=X
IDEV
CHFUSD=X vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/CHF (CHFUSD=X) and iShares Core MSCI International Developed Markets ETF (IDEV). 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 | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 2.30 | -2.29 |
| Martin ratioReturn relative to average drawdown | 0.03 | 9.08 | -9.05 |
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Drawdowns
CHFUSD=X vs. IDEV - Drawdown Comparison
The maximum CHFUSD=X drawdown since its inception was -29.99%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for CHFUSD=X and IDEV.
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Drawdown Indicators
| CHFUSD=X | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.99% | -34.77% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -11.20% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -13.41% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -29.15% | +18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -13.35% | — | — |
Current DrawdownCurrent decline from peak | -10.79% | 0.00% | -10.79% |
Average DrawdownAverage peak-to-trough decline | -18.73% | -6.47% | -12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.83% | +0.47% |
Volatility
CHFUSD=X vs. IDEV - Volatility Comparison
The current volatility for USD/CHF (CHFUSD=X) is 2.02%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 4.39%. This indicates that CHFUSD=X experiences smaller price fluctuations and is considered to be less risky than IDEV 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 | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 4.39% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 13.14% | -8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 15.21% | -8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.91% | 16.37% | -8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 17.25% | -9.91% |
Frequently Asked Questions
CHFUSD=X and IDEV 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.
IDEV has higher volatility (4.39%) compared to CHFUSD=X (2.02%). In terms of maximum drawdown, CHFUSD=X dropped -29.99% vs IDEV's -34.77%.
IDEV currently has the higher Sharpe Ratio (1.70 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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