CHSPI.SW vs. IMEA.SW
CHSPI.SW (iShares Core SPI® ETF (CH)) and IMEA.SW (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - CHSPI.SW tracks the Swiss Performance Index while IMEA.SW tracks the MSCI Europe Index. Both are passively managed. Over the past 10 years, CHSPI.SW returned 7.78%/yr vs 7.09%/yr for IMEA.SW. A 0.53 correlation means they provide meaningful diversification when combined. CHSPI.SW charges 0.10%/yr vs 0.12%/yr for IMEA.SW.
Performance
CHSPI.SW vs. IMEA.SW - Performance Comparison
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Returns By Period
In the year-to-date period, CHSPI.SW achieves a 2.84% return, which is significantly lower than IMEA.SW's 5.25% return. Over the past 10 years, CHSPI.SW has outperformed IMEA.SW with an annualized return of 7.78%, while IMEA.SW has yielded a comparatively lower 7.09% annualized return.
CHSPI.SW
- 1D
- -0.59%
- 1M
- 1.86%
- YTD
- 2.84%
- 6M
- 5.90%
- 1Y
- 11.09%
- 3Y*
- 7.41%
- 5Y*
- 4.57%
- 10Y*
- 7.78%
IMEA.SW
- 1D
- -0.31%
- 1M
- 4.08%
- YTD
- 5.25%
- 6M
- 7.98%
- 1Y
- 13.82%
- 3Y*
- 11.14%
- 5Y*
- 6.10%
- 10Y*
- 7.09%
CHSPI.SW vs. IMEA.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHSPI.SW iShares Core SPI® ETF (CH) | 2.84% | 17.87% | 5.72% | 5.96% | -16.46% | 23.33% | 4.07% | 30.42% | -8.30% | 19.00% |
IMEA.SW iShares Core MSCI Europe UCITS ETF EUR (Acc) | 5.25% | 19.46% | 9.47% | 8.86% | -13.54% | 19.51% | -2.82% | 24.06% | -15.32% | 21.31% |
Correlation
The correlation between CHSPI.SW and IMEA.SW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014 | 0.53 |
Over the past year, CHSPI.SW and IMEA.SW have become more correlated (0.74) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
CHSPI.SW vs. IMEA.SW — Risk / Return Rank
CHSPI.SW
IMEA.SW
CHSPI.SW vs. IMEA.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core SPI® ETF (CH) (CHSPI.SW) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMEA.SW). 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.
| CHSPI.SW | IMEA.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.46 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.88 | 5.43 | -1.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHSPI.SW | IMEA.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.15 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.38 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.42 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.38 | +0.09 |
Drawdowns
CHSPI.SW vs. IMEA.SW - Drawdown Comparison
The maximum CHSPI.SW drawdown since its inception was -26.58%, smaller than the maximum IMEA.SW drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for CHSPI.SW and IMEA.SW.
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Drawdown Indicators
| CHSPI.SW | IMEA.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -36.01% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -9.61% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -17.71% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -26.25% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | -36.01% | +9.43% |
Current DrawdownCurrent decline from peak | -2.49% | -0.50% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -5.80% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.57% | +0.31% |
Volatility
CHSPI.SW vs. IMEA.SW - Volatility Comparison
The current volatility for iShares Core SPI® ETF (CH) (CHSPI.SW) is 3.42%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMEA.SW) has a volatility of 3.94%. This indicates that CHSPI.SW experiences smaller price fluctuations and is considered to be less risky than IMEA.SW 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 | IMEA.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.94% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 10.16% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 12.27% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.55% | 16.10% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 16.85% | -2.55% |
CHSPI.SW vs. IMEA.SW - Expense Ratio Comparison
CHSPI.SW has a 0.10% expense ratio, which is lower than IMEA.SW's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CHSPI.SW vs. IMEA.SW - Dividend Comparison
CHSPI.SW's dividend yield for the trailing twelve months is around 2.92%, while IMEA.SW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHSPI.SW iShares Core SPI® ETF (CH) | 2.92% | 2.65% | 2.98% | 2.94% | 2.84% | 2.27% | 2.59% | 2.66% | 3.85% | 2.71% | 3.15% | 2.67% |
IMEA.SW iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CHSPI.SW and IMEA.SW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CHSPI.SW is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHSPI.SW is cheaper with a 0.10% expense ratio, compared with 0.12% for IMEA.SW.
CHSPI.SW tracks Swiss Performance Index, while IMEA.SW tracks MSCI Europe Index. Their fees differ too: 0.10% for CHSPI.SW and 0.12% for IMEA.SW.
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