CHFUSD=X vs. SXRL.DE
CHFUSD=X (USD/CHF) is a currency, while SXRL.DE (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) is Government Bonds fund tracking the ICE US Treasury 3-7 Year. Over the past 10 years, CHFUSD=X returned 1.92%/yr vs 1.32%/yr for SXRL.DE. At a 0.21 correlation, their price movements are largely independent.
Performance
CHFUSD=X vs. SXRL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CHFUSD=X achieves a -0.58% return, which is significantly lower than SXRL.DE's -0.30% return. Over the past 10 years, CHFUSD=X has outperformed SXRL.DE with an annualized return of 1.92%, while SXRL.DE has yielded a comparatively lower 1.32% 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%
SXRL.DE
- 1D
- 0.26%
- 1M
- 0.17%
- YTD
- -0.30%
- 6M
- 0.13%
- 1Y
- 3.18%
- 3Y*
- 3.87%
- 5Y*
- 0.35%
- 10Y*
- 1.32%
CHFUSD=X vs. SXRL.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% |
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | -0.30% | 7.42% | 1.92% | 4.32% | -9.33% | -2.32% | 6.98% | 6.13% | 1.04% | 1.28% |
Correlation
The correlation between CHFUSD=X and SXRL.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.21 |
The correlation between CHFUSD=X and SXRL.DE shifts across timeframes, from 0.21 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CHFUSD=X vs. SXRL.DE — Risk / Return Rank
CHFUSD=X
SXRL.DE
CHFUSD=X vs. SXRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/CHF (CHFUSD=X) and iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.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 | SXRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.20 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.30 | -1.03 |
| Martin ratioReturn relative to average drawdown | 0.61 | 3.83 | -3.21 |
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Drawdowns
CHFUSD=X vs. SXRL.DE - Drawdown Comparison
The maximum CHFUSD=X drawdown since its inception was -29.99%, which is greater than SXRL.DE's maximum drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for CHFUSD=X and SXRL.DE.
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Drawdown Indicators
| CHFUSD=X | SXRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.99% | -14.09% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -2.43% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -3.64% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -11.35% | -13.50% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -13.35% | -14.09% | +0.74% |
Current DrawdownCurrent decline from peak | -9.51% | -1.58% | -7.93% |
Average DrawdownAverage peak-to-trough decline | -18.64% | -2.79% | -15.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.83% | +1.51% |
Volatility
CHFUSD=X vs. SXRL.DE - Volatility Comparison
USD/CHF (CHFUSD=X) has a higher volatility of 1.68% compared to iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE) at 1.18%. This indicates that CHFUSD=X's price experiences larger fluctuations and is considered to be riskier than SXRL.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 | SXRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.18% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 2.20% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 2.91% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.93% | 4.68% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 3.84% | +3.51% |
Frequently Asked Questions
CHFUSD=X and SXRL.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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