IS0X.DE vs. CHFUSD=X
IS0X.DE (iShares Global Corporate Bond UCITS ETF) is Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate, while CHFUSD=X (USD/CHF) is a currency. Over the past 10 years, IS0X.DE returned 1.91%/yr vs 1.80%/yr for CHFUSD=X. At a 0.24 correlation, their price movements are largely independent.
Performance
IS0X.DE vs. CHFUSD=X - Performance Comparison
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Different Trading Currencies
IS0X.DE is traded in EUR, while CHFUSD=X is traded in USD. To make them comparable, the CHFUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0X.DE achieves a 1.22% return, which is significantly lower than CHFUSD=X's 1.44% return. Over the past 10 years, IS0X.DE has outperformed CHFUSD=X with an annualized return of 1.91%, while CHFUSD=X has yielded a comparatively lower 1.80% annualized return.
IS0X.DE
- 1D
- 0.05%
- 1M
- 0.85%
- YTD
- 1.22%
- 6M
- 0.79%
- 1Y
- 3.24%
- 3Y*
- 3.01%
- 5Y*
- 0.99%
- 10Y*
- 1.91%
CHFUSD=X
- 1D
- -0.12%
- 1M
- -0.32%
- YTD
- 1.44%
- 6M
- 2.06%
- 1Y
- 2.38%
- 3Y*
- 1.90%
- 5Y*
- 3.57%
- 10Y*
- 1.80%
IS0X.DE vs. CHFUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 1.22% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
CHFUSD=X USD/CHF | 1.44% | 0.97% | -1.18% | 6.54% | 4.77% | 4.29% | 0.41% | 3.81% | 3.79% | -8.29% |
Correlation
The correlation between IS0X.DE and CHFUSD=X is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.24 |
The correlation between IS0X.DE and CHFUSD=X shifts across timeframes, from -0.07 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0X.DE vs. CHFUSD=X — Risk / Return Rank
IS0X.DE
CHFUSD=X
IS0X.DE vs. CHFUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (IS0X.DE) and USD/CHF (CHFUSD=X). 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.
| IS0X.DE | CHFUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.69 | +0.71 |
| Martin ratioReturn relative to average drawdown | 3.02 | 1.75 | +1.27 |
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
| IS0X.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.52 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.59 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.33 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.36 | +0.03 |
Drawdowns
IS0X.DE vs. CHFUSD=X - Drawdown Comparison
The maximum IS0X.DE drawdown since its inception was -13.65%, smaller than the maximum CHFUSD=X drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for IS0X.DE and CHFUSD=X.
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Drawdown Indicators
| IS0X.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -18.49% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -2.76% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -6.63% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | -6.63% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -13.65% | -11.28% | -2.37% |
Current DrawdownCurrent decline from peak | -3.15% | -1.93% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -7.84% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.15% | -0.18% |
Volatility
IS0X.DE vs. CHFUSD=X - Volatility Comparison
iShares Global Corporate Bond UCITS ETF (IS0X.DE) has a higher volatility of 1.13% compared to USD/CHF (CHFUSD=X) at 0.91%. This indicates that IS0X.DE's price experiences larger fluctuations and is considered to be riskier than CHFUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0X.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.91% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.83% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 3.69% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 5.42% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 5.02% | +1.54% |
Frequently Asked Questions
IS0X.DE and CHFUSD=X have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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