How to invest in Switzerland using ETFs

How do I invest in Swiss stocks?

The easiest way to invest in the whole Swiss stock market is to invest in a broad market index. This can be done at low cost by using ETFs.

On the Swiss stock market you find 6 indices, which are tracked by ETFs.

Alternatively, you can consider indices on Europe. These indices weight Switzerland with up to 28%.

0.10% p.a. - 0.51% p.a.
annual total expense ratio (TER) of Switzerland ETFs
on the Swiss stock market, which are tracked by ETFs
on the Swiss stock market
The best indices for Switzerland ETFs

Performance of Swiss stocks (SLI®)

1 month: 3.18%
1 year: 4.00%
3 years: 33.12%
5 years: 33.99%

Indices in comparison

The best indices for ETFs on Switzerland

For an investment in the Swiss stock market, 6 indices tracked by 16 ETFs are available. On the Dow Jones Switzerland Titans 30 index there is 1 ETF. On the MSCI Switzerland index there are 3 ETFs. On the MSCI Switzerland 20/35 index there are 3 ETFs. On the SLI® index there are 4 ETFs. On the SMI® index there are 2 ETFs. On the SPI® index there are 3 ETFs. The total expense ratio (TER) of ETFs on these indices is between 0.10% p.a. and 0.51% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

Dow Jones Switzerland Titans 30

Switzerland 1 ETF 30
The Dow Jones Switzerland Titans 30 index tracks the 30 largest Swiss stocks. The weight of each stock is capped at 10%.

MSCI Switzerland

Switzerland 3 ETFs 38
(31/08/18)
The MSCI Switzerland index tracks around 40 leading stocks on the Swiss market.
Index factsheet

MSCI Switzerland 20/35

Switzerland 3 ETFs 38
(30/04/14)
The MSCI Switzerland 20/35 index tracks around 40 leading stocks on the Swiss market. The imbedded 20/35 rule limits the weight of the largest company to 35% and all other companies to maximum 20%.
Index factsheet

SLI®

Switzerland 4 ETFs 30
The Swiss Leader Index (SLI®) (total return) index tracks the 30 largest and most liquid stocks of the entire Swiss equity market.

SMI®

Switzerland 2 ETFs 20
The SMI® index tracks the 20 largest and most liquid Swiss large and mid cap stocks.

SPI®

Switzerland 3 ETFs 205
(31/08/18)
The SPI® index tracks the performance of the Swiss equity market as a whole.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
UBS ETF (CH) SMI (CHF) A-disCH0017142719 1,673 0.21% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SPI (CHF) A-disCH0131872431 746 0.17% p.a. Distributing Switzerland Optimized sampling
UBS ETF (CH) MSCI Switzerland (CHF) A-disCH0226274246 637 0.21% p.a. Distributing Switzerland Full replication
UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-accLU0977261329 571 0.20% p.a. Accumulating Luxembourg Full replication
UBS ETF (CH) SLI (CHF) A-disCH0032912732 323 0.21% p.a. Distributing Switzerland Full replication
iShares SLI UCITS ETF (DE)DE0005933964 272 0.51% p.a. Distributing Germany Full replication
UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-disLU0979892907 142 0.20% p.a. Distributing Luxembourg Full replication
Amundi MSCI Switzerland UCITS ETF - EUR (C)LU1681044720 135 0.25% p.a. Accumulating Luxembourg Unfunded swap
Amundi ETF MSCI Switzerland UCITS ETF - CHFLU1681044993 57 0.25% p.a. Accumulating Luxembourg Unfunded swap
ComStage Dow Jones Switzerland Titans 30 Net TR UCITS ETFLU0392496427 47 0.25% p.a. Distributing Luxembourg Full replication
Xtrackers SLI UCITS ETF 1DLU0322248146 35 0.35% p.a. Distributing Luxembourg Optimized sampling
UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdisLU1107560036 23 0.20% p.a. Distributing Luxembourg Full replication
iShares SMI (CH)CH0008899764 21 0.35% p.a. Distributing Switzerland Full replication
ComStage SPI TR UCITS ETFLU0603946798 12 0.40% p.a. Distributing Luxembourg Unfunded swap
iShares Core SPI (CH)CH0237935652 11 0.10% p.a. Distributing Switzerland Optimized sampling
iShares SLI (CH)CH0031768937 3 0.35% p.a. Distributing Switzerland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
SLI® 4.79% 5.07% -2.57% 1.54% 32.60%
Dow Jones Switzerland Titans 30 5.05% 5.06% -1.96% 2.25% 29.65%
SPI® 5.74% 5.27% 1.05% 6.77% 32.07%
MSCI Switzerland 20/35 6.17% 5.72% 2.70% 8.44% 28.42%
SMI® 5.98% 5.50% 3.36% 8.84% 30.42%
MSCI Switzerland 6.15% 5.68% 2.77% 9.49% 31.57%
Index   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
SMI® 11.34% -7.23% 17.78% -3.56% 0.98%
SPI® 11.53% -8.68% 19.88% -1.58% 2.55%
Dow Jones Switzerland Titans 30 11.55% -11.59% 19.46% -1.40% 1.85%
SLI® 11.70% -12.04% 20.74% 0.67% 2.86%
MSCI Switzerland 11.75% -7.26% 18.38% -2.72% 1.74%
MSCI Switzerland 20/35 11.81% -8.15% 17.36% -3.58% 1.13%

Source: justETF.com; As of 28/02/19; Calculations in CHF based on the largest ETF of the respective index.

 

The best Switzerland ETFs
by 1 year return

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The cheapest Switzerland ETFs
by total expense ratio (TER)

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Alternative investment opportunities

Swiss indices on small and mid caps or dividend strategies

Alternatively, you can consider indices on small and mid caps or dividend strategies. In total you can invest in 3 alternative indices on Switzerland tracked by 4 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0.15% p.a. and 0.45% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
SMIM® Switzerland
Mid Cap
2 ETFs 30
The Swiss Market Index Mid (SMIM®) index tracks the 30 largest and most liquid Swiss mid-cap equities.
SPI® Mid Cap Switzerland
Mid Cap
1 ETF 80
The SPI MID® index tracks the 80 largest mid-cap stocks in the Swiss equity market that are not included in the blue chip SMI index.
SPI® Select Dividend 20 Switzerland
Dividend
1 ETF 20
The SPI® Select Dividend 20 index tracks the 20 companies with the hightest dividend yield in the Swiss equity market.
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
UBS ETF (CH) SMIM (CHF) A-disCH0111762537 861 0.28% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SPI Mid (CHF) A-disCH0130595124 156 0.29% p.a. Distributing Switzerland Full replication
iShares SMIM (CH)CH0019852802 5 0.45% p.a. Distributing Switzerland Full replication
iShares Swiss Dividend (CH)CH0237935637 4 0.15% p.a. Distributing Switzerland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
SPI® Mid Cap 3.54% 4.63% -9.92% -4.89% 37.82%
SMIM® 4.28% 5.34% -11.61% -4.08% 38.29%
SPI® Select Dividend 20 5.72% 4.59% 3.80% 10.14% 32.39%
Index   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
SPI® Select Dividend 20 10.49% -4.44% 17.05% 0.10% 1.18%
SPI® Mid Cap 12.24% -16.47% 30.47% 8.20% 10.49%
SMIM® 13.62% -17.30% 32.72% 6.68% 10.99%

Source: justETF.com; As of 28/02/19; Calculations in CHF based on the largest ETF of the respective index.

 
Alternative investment opportunities

Europe indices with a share of Switzerland

Besides Switzerland ETFs you may consider investing in ETFs on the European stock market. In total, you can invest in 3 Europe indices, which are tracked by 15 ETFs. The total expense ratio (TER) of ETFs on Europe indices is between 0.12% p.a. and 0.51% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
MSCI Europe Europe

Switzerland: 12.64%
(29/12/2017)
12 ETFs 446
(31/08/18)
The MSCI Europe (total return) index tracks the leading stocks from 15 European industrial countries.
Index factsheet
MSCI Europe ex UK Europe

Switzerland: 17.56%
(29/12/2017)
1 ETF 345
(31/08/18)
The MSCI Europe ex UK index tracks the leading stocks from European industrial countries, excluding United Kingdom.
Index factsheet
STOXX® Europe 50 Europe
Large Cap
Switzerland: 18.60%
(29/12/2017)
2 ETFs 50
The STOXX® Europe 50 (total return) index tracks 50 European large cap stocks.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares Core MSCI Europe UCITS ETF EUR (Dist)IE00B1YZSC51 5,218 0.12% p.a. Distributing Ireland Optimized sampling
Xtrackers MSCI Europe Index UCITS ETF 1CLU0274209237 2,669 0.25% p.a. Accumulating Luxembourg Full replication
Amundi MSCI Europe UCITS ETF - EUR (C)LU1681042609 2,355 0.15% p.a. Accumulating Luxembourg Unfunded swap
Lyxor MSCI Europe UCITS ETF D-EURFR0010261198 2,113 0.25% p.a. Distributing France Full replication
iShares MSCI Europe ex-UK UCITS ETFIE00B14X4N27 2,020 0.40% p.a. Distributing Ireland Optimized sampling
iShares Core MSCI Europe UCITS ETF EUR (Acc)IE00B4K48X80 1,447 0.12% p.a. Accumulating Ireland Optimized sampling
Xtrackers MSCI Europe Index UCITS ETF 1DLU1242369327 741 0.12% p.a. Distributing Luxembourg Full replication
iShares STOXX Europe 50 UCITS ETFIE0008470928 721 0.35% p.a. Distributing Ireland Full replication
SPDR MSCI Europe UCITS ETFIE00BKWQ0Q14 656 0.25% p.a. Accumulating Ireland Full replication
Invesco MSCI Europe UCITS ETFIE00B60SWY32 525 0.19% p.a. Accumulating Ireland Unfunded swap
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-disLU0446734104 316 0.20% p.a. Distributing Luxembourg Full replication
iShares STOXX Europe 50 UCITS ETF (DE)DE0005933949 173 0.51% p.a. Distributing Germany Full replication
HSBC MSCI Europe UCITS ETF EURIE00B5BD5K76 167 0.20% p.a. Distributing Ireland Full replication
Xtrackers ESG MSCI Europe UCITS ETF 1CIE00BFMNHK08 22 0.20% p.a. Accumulating Ireland Full replication
ComStage MSCI Europe TRN UCITS ETFLU0392494646 14 0.25% p.a. Distributing Luxembourg Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MSCI Europe ex UK 4.95% 4.76% -4.25% -1.84% 29.15%
MSCI Europe 5.59% 5.04% -3.04% -0.18% 27.84%
STOXX® Europe 50 7.06% 4.66% -1.33% 1.44% 25.09%
Index   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
STOXX® Europe 50 10.85% -13.55% 18.85% 0.04% -4.03%
MSCI Europe ex UK 10.99% -14.07% 21.71% 1.66% -0.17%
MSCI Europe 11.22% -13.74% 20.19% 1.77% -2.49%

Source: justETF.com; As of 28/02/19; Calculations in CHF based on the largest ETF of the respective index.