CHSPI.SW vs. ^GSPC
CHSPI.SW (iShares Core SPI® ETF (CH)) is Europe Equities fund tracking the Swiss Performance Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CHSPI.SW returned 7.54%/yr vs 10.93%/yr for ^GSPC. At a 0.39 correlation, their price movements are largely independent.
Performance
CHSPI.SW vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CHSPI.SW is traded in CHF, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CHF using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHSPI.SW achieves a 9.99% return, which is significantly lower than ^GSPC's 10.80% return. Over the past 10 years, CHSPI.SW has underperformed ^GSPC with an annualized return of 7.54%, while ^GSPC has yielded a comparatively higher 10.93% annualized return.
CHSPI.SW
- 1D
- 0.33%
- 1M
- 3.32%
- 6M
- 8.11%
- YTD
- 9.99%
- 1Y
- 20.09%
- 3Y*
- 9.91%
- 5Y*
- 4.60%
- 10Y*
- 7.54%
^GSPC
- 1D
- -1.25%
- 1M
- 1.38%
- 6M
- 8.07%
- YTD
- 10.80%
- 1Y
- 18.86%
- 3Y*
- 15.50%
- 5Y*
- 8.64%
- 10Y*
- 10.93%
CHSPI.SW vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHSPI.SW iShares Core SPI® ETF (CH) | 9.99% | 16.71% | 4.30% | 5.96% | -17.11% | 21.38% | 3.01% | 28.77% | -10.05% | 18.47% |
^GSPC S&P 500 Index | 10.80% | 1.70% | 33.03% | 13.11% | -18.34% | 30.63% | 6.46% | 26.69% | -5.33% | 14.35% |
Correlation
The correlation between CHSPI.SW and ^GSPC is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2014 | 0.39 |
Over the past year, the correlation between CHSPI.SW and ^GSPC has dropped to 0.18 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
CHSPI.SW vs. ^GSPC — Risk / Return Rank
CHSPI.SW
^GSPC
CHSPI.SW vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core SPI® ETF (CH) (CHSPI.SW) and S&P 500 Index (^GSPC). 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.
| CHSPI.SW | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.06 | -0.21 |
| Martin ratioReturn relative to average drawdown | 7.03 | 6.84 | +0.19 |
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Drawdowns
CHSPI.SW vs. ^GSPC - Drawdown Comparison
The maximum CHSPI.SW drawdown since its inception was -26.98%, smaller than the maximum ^GSPC drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for CHSPI.SW and ^GSPC.
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Drawdown Indicators
| CHSPI.SW | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -56.50% | +29.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -9.21% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -24.92% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -24.92% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -26.98% | -33.88% | +6.90% |
Current DrawdownCurrent decline from peak | -0.86% | -1.75% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -13.71% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.76% | +0.12% |
Volatility
CHSPI.SW vs. ^GSPC - Volatility Comparison
The current volatility for iShares Core SPI® ETF (CH) (CHSPI.SW) is 2.95%, while S&P 500 Index (^GSPC) has a volatility of 3.25%. This indicates that CHSPI.SW experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHSPI.SW | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.25% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 10.22% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 13.71% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 18.25% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.14% | 19.56% | -5.42% |
Frequently Asked Questions
CHSPI.SW and ^GSPC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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