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 1.81%/yr vs 1.59%/yr for CHFUSD=X. At a 0.23 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 3.19% return, which is significantly higher than CHFUSD=X's 1.14% return. Over the past 10 years, IS0X.DE has outperformed CHFUSD=X with an annualized return of 1.81%, while CHFUSD=X has yielded a comparatively lower 1.59% annualized return.
IS0X.DE
- 1D
- -0.18%
- 1M
- 2.41%
- YTD
- 3.19%
- 6M
- 3.62%
- 1Y
- 5.78%
- 3Y*
- 4.06%
- 5Y*
- 1.04%
- 10Y*
- 1.81%
CHFUSD=X
- 1D
- 0.23%
- 1M
- -0.71%
- YTD
- 1.14%
- 6M
- 1.00%
- 1Y
- 2.13%
- 3Y*
- 2.04%
- 5Y*
- 3.53%
- 10Y*
- 1.59%
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 | 3.19% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
CHFUSD=X USD/CHF | 1.14% | 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.23 |
The correlation between IS0X.DE and CHFUSD=X shifts across timeframes, from -0.07 (1 year) to 0.24 (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS0X.DE | CHFUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.09 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 0.61 | +2.15 |
| Martin ratioReturn relative to average drawdown | 6.27 | 1.40 | +4.86 |
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Drawdowns
IS0X.DE vs. CHFUSD=X - Drawdown Comparison
The maximum IS0X.DE drawdown since its inception was -27.33%, which is greater than CHFUSD=X's maximum 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 | -27.33% | -18.49% | -8.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -2.79% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -8.55% | -6.63% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -6.63% | -6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | -11.28% | -6.03% |
Current DrawdownCurrent decline from peak | -1.26% | -2.23% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -9.98% | -7.84% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.30% | -0.38% |
Volatility
IS0X.DE vs. CHFUSD=X - Volatility Comparison
iShares Global Corporate Bond UCITS ETF (IS0X.DE) has a higher volatility of 1.11% compared to USD/CHF (CHFUSD=X) at 0.88%. 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 | 1.11% | 0.88% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.67% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 3.47% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 5.42% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 4.96% | +3.36% |
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.
Find the right allocation for IS0X.DE and CHFUSD=X
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