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CHSPI.SW vs. OMXS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHSPI.SW vs. OMXS.L

Last updated Jun 4, 2026

CHSPI.SW (iShares Core SPI® ETF (CH)) and OMXS.L (iShares OMX Stockholm Capped UCITS ETF) are both Europe Equities funds from iShares - CHSPI.SW tracks the Swiss Performance Index while OMXS.L tracks the MSCI Sweden NR SEK. Both are passively managed. Over the past 5 years, CHSPI.SW returned 4.57%/yr vs 1.87%/yr for OMXS.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

CHSPI.SW vs. OMXS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in iShares Core SPI® ETF (CH) (CHSPI.SW) and iShares OMX Stockholm Capped UCITS ETF (OMXS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CHSPI.SW is traded in CHF, while OMXS.L is traded in GBp. To make them comparable, the OMXS.L 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 2.84% return, which is significantly lower than OMXS.L's 7.13% 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%

OMXS.L

1D
-0.85%
1M
1.44%
YTD
7.13%
6M
11.00%
1Y
21.23%
3Y*
12.04%
5Y*
1.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHSPI.SW vs. OMXS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
OMXS.L
iShares OMX Stockholm Capped UCITS ETF		7.13%18.48%5.72%10.20%-28.63%26.92%17.06%23.69%-11.57%16.24%

Correlation

The correlation between CHSPI.SW and OMXS.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2016

0.68

The correlation between CHSPI.SW and OMXS.L has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core SPI® ETF (CH)

iShares OMX Stockholm Capped UCITS ETF

Often compared with CHSPI.SW:
CHSPI.SW vs. CHDVD.SWCHSPI.SW vs. EWLCHSPI.SW vs. VWRL.LCHSPI.SW vs. SPICHA.SWCHSPI.SW vs. WMTS.SWCHSPI.SW vs. VWRA.LCHSPI.SW vs. VT
Often compared with OMXS.L:
OMXS.L vs. ^DWCFOMXS.L vs. EWDOMXS.L vs. VGEU.DEOMXS.L vs. BRK-BOMXS.L vs. SPYOMXS.L vs. ^GSPCOMXS.L vs. TMFC

Return for Risk

CHSPI.SW vs. OMXS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHSPI.SW
CHSPI.SW Risk / Return Rank: 2626
Overall Rank
CHSPI.SW Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
CHSPI.SW Sortino Ratio Rank: 2525
Sortino Ratio Rank
CHSPI.SW Omega Ratio Rank: 2727
Omega Ratio Rank
CHSPI.SW Calmar Ratio Rank: 2323
Calmar Ratio Rank
CHSPI.SW Martin Ratio Rank: 2727
Martin Ratio Rank
OMXS.L
OMXS.L Risk / Return Rank: 4242
Overall Rank
OMXS.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
OMXS.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
OMXS.L Omega Ratio Rank: 4343
Omega Ratio Rank
OMXS.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
OMXS.L Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHSPI.SW vs. OMXS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core SPI® ETF (CH) (CHSPI.SW) and iShares OMX Stockholm Capped UCITS ETF (OMXS.L). 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.SWOMXS.LDifference
Sharpe ratioReturn per unit of total volatility
0.95
1.16

-0.21

Sortino ratioReturn per unit of downside risk
1.40
1.76

-0.35

Omega ratioGain probability vs. loss probability

1.18

1.21

-0.03

Calmar ratioReturn relative to maximum drawdown

1.07

1.66

-0.59

Martin ratioReturn relative to average drawdown

3.88

6.16

-2.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHSPI.SW vs. OMXS.L - Sharpe Ratio Comparison

The current CHSPI.SW Sharpe Ratio is 0.95, which is comparable to the OMXS.L Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of CHSPI.SW and OMXS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CHSPI.SWOMXS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.95

1.16

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.08

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.36

+0.11

Drawdowns

CHSPI.SW vs. OMXS.L - Drawdown Comparison

The maximum CHSPI.SW drawdown since its inception was -26.58%, smaller than the maximum OMXS.L drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for CHSPI.SW and OMXS.L.

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Drawdown Indicators

CHSPI.SWOMXS.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.58%

-41.13%

+14.55%

Max Drawdown (1Y)

Largest decline over 1 year

-10.56%

-12.76%

+2.20%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-20.07%

+4.07%

Max Drawdown (5Y)

Largest decline over 5 years

-21.75%

-41.13%

+19.38%

Max Drawdown (10Y)

Largest decline over 10 years

-26.58%

—

—

Current Drawdown

Current decline from peak

-2.49%

-2.24%

-0.25%

Average Drawdown

Average peak-to-trough decline

-5.61%

-12.02%

+6.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

3.44%

-0.56%

Volatility

CHSPI.SW vs. OMXS.L - Volatility Comparison

The current volatility for iShares Core SPI® ETF (CH) (CHSPI.SW) is 3.42%, while iShares OMX Stockholm Capped UCITS ETF (OMXS.L) has a volatility of 6.74%. This indicates that CHSPI.SW experiences smaller price fluctuations and is considered to be less risky than OMXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CHSPI.SWOMXS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

6.74%

-3.32%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

14.77%

-5.19%

Volatility (1Y)

Calculated over the trailing 1-year period

11.91%

18.24%

-6.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.55%

22.39%

-8.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.30%

21.62%

-7.32%

CHSPI.SW vs. OMXS.L - Expense Ratio Comparison

Both CHSPI.SW and OMXS.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CHSPI.SW vs. OMXS.L - Dividend Comparison

CHSPI.SW's dividend yield for the trailing twelve months is around 2.92%, while OMXS.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
OMXS.L
iShares OMX Stockholm Capped UCITS ETF		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 OMXS.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CHSPI.SW and OMXS.L have the same expense ratio: 0.10% per year.

CHSPI.SW tracks Swiss Performance Index, while OMXS.L tracks MSCI Sweden NR SEK.

Portfolio Optimizer

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