EUN1.DE vs. SPICHA.SW
EUN1.DE (iShares STOXX Europe 50 UCITS ETF) and SPICHA.SW (UBS ETF (CH) – SPI® (CHF) A-dis) are both Europe Equities funds - EUN1.DE tracks the STOXX® Europe 50 while SPICHA.SW tracks the SPI® Index. Both are passively managed. Over the past 10 years, EUN1.DE returned 9.16%/yr vs 9.70%/yr for SPICHA.SW. A 0.69 correlation means they provide meaningful diversification when combined. EUN1.DE charges 0.35%/yr vs 0.10%/yr for SPICHA.SW.
Performance
EUN1.DE vs. SPICHA.SW - Performance Comparison
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Different Trading Currencies
EUN1.DE is traded in EUR, while SPICHA.SW is traded in CHF. To make them comparable, the SPICHA.SW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUN1.DE achieves a 7.28% return, which is significantly higher than SPICHA.SW's 4.76% return. Over the past 10 years, EUN1.DE has underperformed SPICHA.SW with an annualized return of 9.16%, while SPICHA.SW has yielded a comparatively higher 9.70% annualized return.
EUN1.DE
- 1D
- 0.78%
- 1M
- 0.92%
- YTD
- 7.28%
- 6M
- 9.74%
- 1Y
- 16.43%
- 3Y*
- 12.02%
- 5Y*
- 11.08%
- 10Y*
- 9.16%
SPICHA.SW
- 1D
- 1.05%
- 1M
- 0.22%
- YTD
- 4.76%
- 6M
- 8.08%
- 1Y
- 13.54%
- 3Y*
- 9.74%
- 5Y*
- 8.43%
- 10Y*
- 9.70%
EUN1.DE vs. SPICHA.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 7.28% | 17.86% | 7.29% | 14.83% | -1.88% | 26.01% | -6.66% | 28.44% | -10.45% | 9.14% |
SPICHA.SW UBS ETF (CH) – SPI® (CHF) A-dis | 4.76% | 19.01% | 4.69% | 12.74% | -12.90% | 29.18% | 3.98% | 34.89% | -4.87% | 9.52% |
Correlation
The correlation between EUN1.DE and SPICHA.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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2011 | 0.69 |
The correlation between EUN1.DE and SPICHA.SW has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
EUN1.DE vs. SPICHA.SW — Risk / Return Rank
EUN1.DE
SPICHA.SW
EUN1.DE vs. SPICHA.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUN1.DE) 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.
| EUN1.DE | SPICHA.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.21 | +0.47 |
| Martin ratioReturn relative to average drawdown | 5.92 | 4.07 | +1.86 |
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
| EUN1.DE | SPICHA.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.09 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.62 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.69 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.65 | -0.50 |
Drawdowns
EUN1.DE vs. SPICHA.SW - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -62.27%, which is greater than SPICHA.SW's maximum drawdown of -26.51%. Use the drawdown chart below to compare losses from any high point for EUN1.DE and SPICHA.SW.
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Drawdown Indicators
| EUN1.DE | SPICHA.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.27% | -26.51% | -35.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -11.11% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -15.90% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -17.58% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | -26.51% | -5.99% |
Current DrawdownCurrent decline from peak | -1.72% | -3.00% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -4.99% | -15.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.29% | -0.54% |
Volatility
EUN1.DE vs. SPICHA.SW - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (EUN1.DE) has a higher volatility of 4.21% compared to UBS ETF (CH) – SPI® (CHF) A-dis (SPICHA.SW) at 3.72%. This indicates that EUN1.DE's price experiences larger fluctuations and is considered to be riskier 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
| EUN1.DE | SPICHA.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.72% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 9.84% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 12.35% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 13.71% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 14.14% | +1.12% |
EUN1.DE vs. SPICHA.SW - Expense Ratio Comparison
EUN1.DE has a 0.35% expense ratio, which is higher than SPICHA.SW's 0.10% expense ratio.
Dividends
EUN1.DE vs. SPICHA.SW - Dividend Comparison
EUN1.DE's dividend yield for the trailing twelve months is around 2.41%, more than SPICHA.SW's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 2.41% | 2.41% | 2.62% | 2.55% | 2.61% | 2.22% | 2.41% | 2.94% | 3.53% | 3.22% | 3.28% | 3.05% |
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
EUN1.DE and SPICHA.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, SPICHA.SW is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPICHA.SW is cheaper with a 0.10% expense ratio, compared with 0.35% for EUN1.DE.
EUN1.DE tracks STOXX® Europe 50, while SPICHA.SW tracks SPI® Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.35% for EUN1.DE and 0.10% for SPICHA.SW.
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