CHIP.L vs. NVDA
Compare and contrast key facts about ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.L) and NVIDIA Corporation (NVDA).
CHIP.L is a passively managed fund by ICBC Credit Suisse Asset Management that tracks the performance of the MSCI China NR USD. It was launched on Jul 26, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHIP.L or NVDA.
Key characteristics
| CHIP.L | NVDA | |
|---|---|---|
| YTD Return | 11.33% | 86.75% |
| 1Y Return | -4.10% | 192.03% |
| 3Y Return (Ann) | -10.58% | 87.84% |
| 5Y Return (Ann) | -1.48% | 88.59% |
| Sharpe Ratio | -0.20 | 4.17 |
| Daily Std Dev | 19.03% | 49.53% |
| Max Drawdown | -52.59% | -89.72% |
| Current Drawdown | -41.16% | -2.66% |
Correlation
The correlation between CHIP.L and NVDA is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CHIP.L vs. NVDA - Performance Comparison
In the year-to-date period, CHIP.L achieves a 11.33% return, which is significantly lower than NVDA's 86.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CHIP.L vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.L) and NVIDIA Corporation (NVDA). 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.
Dividends
CHIP.L vs. NVDA - Dividend Comparison
CHIP.L has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIP.L ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
CHIP.L vs. NVDA - Drawdown Comparison
The maximum CHIP.L drawdown since its inception was -52.59%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for CHIP.L and NVDA. For additional features, visit the drawdowns tool.
Volatility
CHIP.L vs. NVDA - Volatility Comparison
The current volatility for ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.L) is 4.97%, while NVIDIA Corporation (NVDA) has a volatility of 17.13%. This indicates that CHIP.L experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.