IWM vs. SPICHA.SW
IWM (iShares Russell 2000 ETF) and SPICHA.SW (UBS ETF (CH) – SPI® (CHF) A-dis) are both exchange-traded funds - IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while SPICHA.SW is a Europe Equities fund tracking the SPI® Index. Both are passively managed. Over the past 10 years, IWM returned 10.78%/yr vs 9.95%/yr for SPICHA.SW. At a 0.33 correlation, their price movements are largely independent. IWM charges 0.19%/yr vs 0.10%/yr for SPICHA.SW.
Performance
IWM vs. SPICHA.SW - Performance Comparison
Loading charts...
Different Trading Currencies
IWM 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, IWM achieves a 15.62% return, which is significantly higher than SPICHA.SW's 3.56% return. Over the past 10 years, IWM has outperformed SPICHA.SW with an annualized return of 10.78%, while SPICHA.SW has yielded a comparatively lower 9.95% annualized return.
IWM
- 1D
- 0.87%
- 1M
- -0.02%
- YTD
- 15.62%
- 6M
- 13.83%
- 1Y
- 35.52%
- 3Y*
- 16.64%
- 5Y*
- 5.48%
- 10Y*
- 10.78%
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%
IWM vs. SPICHA.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 15.62% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
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 IWM and SPICHA.SW is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2011 | 0.33 |
The correlation between IWM and SPICHA.SW shifts across timeframes, from 0.33 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWM vs. SPICHA.SW — Risk / Return Rank
IWM
SPICHA.SW
IWM vs. SPICHA.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) 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.
| IWM | SPICHA.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.19 | +2.05 |
| Martin ratioReturn relative to average drawdown | 11.44 | 3.85 | +7.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWM | SPICHA.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.07 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.46 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.64 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.52 | -0.16 |
Drawdowns
IWM vs. SPICHA.SW - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, 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 IWM and SPICHA.SW.
Loading charts...
Drawdown Indicators
| IWM | SPICHA.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -27.79% | -31.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -13.01% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -13.54% | -13.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -27.79% | -4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -27.79% | -13.34% |
Current DrawdownCurrent decline from peak | -2.71% | -4.72% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -6.69% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.98% | -0.87% |
Volatility
IWM vs. SPICHA.SW - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 6.52% compared to UBS ETF (CH) – SPI® (CHF) A-dis (SPICHA.SW) at 4.39%. This indicates that IWM'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.
Loading charts...
Volatility by Period
| IWM | SPICHA.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 4.39% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 11.58% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.53% | 14.53% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 16.20% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.07% | 15.64% | +7.43% |
IWM vs. SPICHA.SW - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is higher than SPICHA.SW's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWM vs. SPICHA.SW - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.89%, less than SPICHA.SW's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
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
IWM and SPICHA.SW have a correlation of 0.44, 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 0.19% for IWM.
IWM is categorized as Small Cap Blend Equities, while SPICHA.SW is Europe Equities. IWM tracks Russell 2000 Index, while SPICHA.SW tracks SPI® Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.19% for IWM and 0.10% for SPICHA.SW.
Find the right allocation for IWM and SPICHA.SW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer