IHYG.L vs. CHDVD.SW
IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and CHDVD.SW (iShares Swiss Dividend ETF (CH)) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while CHDVD.SW is a Europe Equities fund tracking the SPI® Select Dividend 20 Index. Both are passively managed. Over the past 10 years, IHYG.L returned 3.09%/yr vs 11.61%/yr for CHDVD.SW. At a 0.44 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.15%/yr for CHDVD.SW.
Performance
IHYG.L vs. CHDVD.SW - Performance Comparison
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Different Trading Currencies
IHYG.L is traded in EUR, while CHDVD.SW is traded in CHF. To make them comparable, the CHDVD.SW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHYG.L achieves a 0.69% return, which is significantly lower than CHDVD.SW's 2.66% return. Over the past 10 years, IHYG.L has underperformed CHDVD.SW with an annualized return of 3.09%, while CHDVD.SW has yielded a comparatively higher 11.61% annualized return.
IHYG.L
- 1D
- 0.07%
- 1M
- 0.48%
- YTD
- 0.69%
- 6M
- 1.34%
- 1Y
- 3.29%
- 3Y*
- 6.31%
- 5Y*
- 2.68%
- 10Y*
- 3.09%
CHDVD.SW
- 1D
- 1.15%
- 1M
- 0.96%
- YTD
- 2.66%
- 6M
- 5.89%
- 1Y
- 10.04%
- 3Y*
- 11.77%
- 5Y*
- 10.74%
- 10Y*
- 11.61%
IHYG.L vs. CHDVD.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 0.69% | 5.32% | 5.71% | 11.34% | -9.47% | 3.04% | 1.14% | 9.71% | -3.57% | 4.81% |
CHDVD.SW iShares Swiss Dividend ETF (CH) | 2.60% | 20.19% | 7.39% | 16.79% | -6.45% | 29.71% | 4.34% | 39.30% | -0.88% | 6.55% |
Correlation
The correlation between IHYG.L and CHDVD.SW is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014 | 0.44 |
The correlation between IHYG.L and CHDVD.SW shifts across timeframes, from 0.29 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IHYG.L vs. CHDVD.SW — Risk / Return Rank
IHYG.L
CHDVD.SW
IHYG.L vs. CHDVD.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and iShares Swiss Dividend ETF (CH) (CHDVD.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.
| IHYG.L | CHDVD.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.03 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.71 | 3.10 | +1.61 |
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
| IHYG.L | CHDVD.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.81 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.80 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.79 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.71 | -0.09 |
Drawdowns
IHYG.L vs. CHDVD.SW - Drawdown Comparison
The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum CHDVD.SW drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for IHYG.L and CHDVD.SW.
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Drawdown Indicators
| IHYG.L | CHDVD.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -29.74% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -9.87% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -13.39% | +9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -14.29% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | -29.74% | +4.13% |
Current DrawdownCurrent decline from peak | -0.16% | -4.74% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -5.03% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.26% | -2.59% |
Volatility
IHYG.L vs. CHDVD.SW - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 1.01%, while iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a volatility of 4.43%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than CHDVD.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYG.L | CHDVD.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.43% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 10.26% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 12.65% | -9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 13.45% | -8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 14.70% | -7.91% |
IHYG.L vs. CHDVD.SW - Expense Ratio Comparison
IHYG.L has a 0.50% expense ratio, which is higher than CHDVD.SW's 0.15% expense ratio.
Dividends
IHYG.L vs. CHDVD.SW - Dividend Comparison
IHYG.L's dividend yield for the trailing twelve months is around 5.17%, more than CHDVD.SW's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 3.23% | 3.46% | 3.32% | 3.48% | 3.48% | 2.92% | 3.07% | 3.25% | 3.83% | 3.50% | 2.70% | 3.13% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.17% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
Frequently Asked Questions
IHYG.L and CHDVD.SW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CHDVD.SW is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHDVD.SW is cheaper with a 0.15% expense ratio, compared with 0.50% for IHYG.L.
IHYG.L is categorized as European High Yield Bonds, while CHDVD.SW is Europe Equities. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while CHDVD.SW tracks SPI® Select Dividend 20 Index. Their fees differ too: 0.50% for IHYG.L and 0.15% for CHDVD.SW.
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