SPHY vs. CHDVD.SW
SPHY (SPDR Portfolio High Yield Bond ETF) and CHDVD.SW (iShares Swiss Dividend ETF (CH)) are both exchange-traded funds - SPHY is a High Yield Bonds fund tracking the ICE BofA US 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, SPHY returned 5.21%/yr vs 12.43%/yr for CHDVD.SW. At a 0.28 correlation, their price movements are largely independent. SPHY charges 0.05%/yr vs 0.15%/yr for CHDVD.SW.
Performance
SPHY vs. CHDVD.SW - Performance Comparison
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Different Trading Currencies
SPHY is traded in USD, while CHDVD.SW is traded in CHF. To make them comparable, the CHDVD.SW values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPHY achieves a 1.85% return, which is significantly lower than CHDVD.SW's 3.86% return. Over the past 10 years, SPHY has underperformed CHDVD.SW with an annualized return of 5.21%, while CHDVD.SW has yielded a comparatively higher 12.43% annualized return.
SPHY
- 1D
- 0.04%
- 1M
- 0.67%
- YTD
- 1.85%
- 6M
- 2.41%
- 1Y
- 7.35%
- 3Y*
- 8.90%
- 5Y*
- 4.36%
- 10Y*
- 5.21%
CHDVD.SW
- 1D
- 0.80%
- 1M
- 0.53%
- YTD
- 3.86%
- 6M
- 7.53%
- 1Y
- 13.83%
- 3Y*
- 15.70%
- 5Y*
- 9.56%
- 10Y*
- 12.43%
SPHY vs. CHDVD.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 1.85% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
CHDVD.SW iShares Swiss Dividend ETF (CH) | 3.86% | 35.65% | 0.74% | 20.40% | -12.31% | 19.44% | 14.60% | 34.91% | -6.07% | 21.48% |
Correlation
The correlation between SPHY and CHDVD.SW is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2014 | 0.28 |
The correlation between SPHY and CHDVD.SW shifts across timeframes, from 0.28 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPHY vs. CHDVD.SW — Risk / Return Rank
SPHY
CHDVD.SW
SPHY vs. CHDVD.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) 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.
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.
| SPHY | CHDVD.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.17 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.27 | +1.68 |
| Martin ratioReturn relative to average drawdown | 13.29 | 3.72 | +9.56 |
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Drawdowns
SPHY vs. CHDVD.SW - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum CHDVD.SW drawdown of -30.26%. Use the drawdown chart below to compare losses from any high point for SPHY and CHDVD.SW.
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Drawdown Indicators
| SPHY | CHDVD.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.97% | -30.26% | +8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -11.07% | +8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -12.29% | +7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -24.17% | +8.88% |
Max Drawdown (10Y)Largest decline over 10 years | -21.97% | -30.26% | +8.29% |
Current DrawdownCurrent decline from peak | 0.00% | -4.25% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -5.87% | +3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 3.77% | -3.24% |
Volatility
SPHY vs. CHDVD.SW - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.16%, while iShares Swiss Dividend ETF (CH) (CHDVD.SW) has a volatility of 4.32%. This indicates that SPHY 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
| SPHY | CHDVD.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 4.32% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 11.97% | -9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 14.82% | -11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 15.79% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 16.03% | -8.16% |
SPHY vs. CHDVD.SW - Expense Ratio Comparison
SPHY has a 0.05% expense ratio, which is lower than CHDVD.SW's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPHY vs. CHDVD.SW - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.24%, more than CHDVD.SW's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHDVD.SW iShares Swiss Dividend ETF (CH) | 3.56% | 3.46% | 2.80% | 3.48% | 2.55% | 2.92% | 3.07% | 2.34% | 3.22% | 3.50% | 2.70% | 3.13% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.24% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
SPHY and CHDVD.SW have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.15% for CHDVD.SW.
SPHY is categorized as High Yield Bonds, while CHDVD.SW is Europe Equities. SPHY tracks ICE BofA US High Yield Index, while CHDVD.SW tracks SPI® Select Dividend 20 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SPHY and 0.15% for CHDVD.SW.
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