DGRO vs. SPICHA.SW
DGRO (iShares Core Dividend Growth ETF) and SPICHA.SW (UBS ETF (CH) – SPI® (CHF) A-dis) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while SPICHA.SW is a Europe Equities fund tracking the SPI® Index. Both are passively managed. Over the past 10 years, DGRO returned 13.26%/yr vs 9.95%/yr for SPICHA.SW. At a 0.38 correlation, their price movements are largely independent. DGRO charges 0.08%/yr vs 0.10%/yr for SPICHA.SW.
Performance
DGRO vs. SPICHA.SW - Performance Comparison
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Different Trading Currencies
DGRO is traded in USD, while SPICHA.SW is traded in CHF. To make them comparable, the SPICHA.SW values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DGRO achieves a 8.47% return, which is significantly higher than SPICHA.SW's 3.56% return. Over the past 10 years, DGRO has outperformed SPICHA.SW with an annualized return of 13.26%, while SPICHA.SW has yielded a comparatively lower 9.95% annualized return.
DGRO
- 1D
- -0.29%
- 1M
- 2.67%
- YTD
- 8.47%
- 6M
- 9.27%
- 1Y
- 21.90%
- 3Y*
- 16.63%
- 5Y*
- 10.64%
- 10Y*
- 13.26%
SPICHA.SW
- 1D
- 1.18%
- 1M
- -0.06%
- YTD
- 3.56%
- 6M
- 7.77%
- 1Y
- 14.94%
- 3Y*
- 12.73%
- 5Y*
- 7.43%
- 10Y*
- 9.95%
DGRO vs. SPICHA.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 8.47% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
SPICHA.SW UBS ETF (CH) – SPI® (CHF) A-dis | 3.56% | 34.32% | -1.27% | 16.22% | -17.68% | 18.95% | 14.20% | 32.02% | -9.32% | 24.87% |
Correlation
The correlation between DGRO and SPICHA.SW is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014 | 0.38 |
The correlation between DGRO and SPICHA.SW shifts across timeframes, from 0.38 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DGRO vs. SPICHA.SW — Risk / Return Rank
DGRO
SPICHA.SW
DGRO vs. SPICHA.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and UBS ETF (CH) – SPI® (CHF) A-dis (SPICHA.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.
| DGRO | SPICHA.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.19 | +2.21 |
| Martin ratioReturn relative to average drawdown | 13.12 | 3.85 | +9.27 |
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
| DGRO | SPICHA.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.07 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.46 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.64 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.52 | +0.24 |
Drawdowns
DGRO vs. SPICHA.SW - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, which is greater than SPICHA.SW's maximum drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for DGRO and SPICHA.SW.
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Drawdown Indicators
| DGRO | SPICHA.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -27.79% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -13.01% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -13.54% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -27.79% | +8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | -27.79% | -7.31% |
Current DrawdownCurrent decline from peak | -1.07% | -4.72% | +3.65% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -6.69% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.98% | -2.31% |
Volatility
DGRO vs. SPICHA.SW - Volatility Comparison
The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.32%, while UBS ETF (CH) – SPI® (CHF) A-dis (SPICHA.SW) has a volatility of 4.39%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than SPICHA.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRO | SPICHA.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 4.39% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 11.58% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 14.53% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 16.20% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 15.64% | +0.99% |
DGRO vs. SPICHA.SW - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is lower than SPICHA.SW's 0.10% 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
DGRO vs. SPICHA.SW - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 1.96%, less than SPICHA.SW's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.96% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
SPICHA.SW UBS ETF (CH) – SPI® (CHF) A-dis | 2.20% | 2.64% | 2.96% | 2.94% | 2.83% | 2.26% | 2.55% | 2.60% | 3.21% | 2.62% | 3.04% | 2.87% |
Frequently Asked Questions
DGRO and SPICHA.SW have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.10% for SPICHA.SW.
DGRO is categorized as Large Cap Growth Equities, while SPICHA.SW is Europe Equities. DGRO tracks Morningstar US Dividend Growth Index, while SPICHA.SW tracks SPI® Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.08% for DGRO and 0.10% for SPICHA.SW.
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