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'll find 6 indices which are tracked by ETFs.
Alternatively, you can consider indices on Europe.
Performance of Swiss stocks (SLI®)
Indices in comparison
The best indices for ETFs on Switzerland
For an investment in the Swiss stock market, there are 6 indices available which are tracked by 18 ETFs. 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 3 ETFs. On the SPI® index there are 3 ETFs. On the Solactive Swiss Large Cap index there are 2 ETFs. The total expense ratio (TER) of ETFs on these indices is between 0.09% p.a. and 0.51% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
MSCI Switzerland | Switzerland | 3 ETFs | 40 (30/09/2026) | The MSCI Switzerland index tracks leading stocks on the Swiss market. Index factsheet |
MSCI Switzerland 20/35 | Switzerland | 3 ETFs | 40 (27/02/2026) | The MSCI Switzerland 20/35 index tracks 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 SLI® index tracks the 30 largest and most liquid stocks of the entire Swiss equity market. Index factsheet |
SMI® | Switzerland | 3 ETFs | 20 | The SMI® index tracks the 20 largest and most liquid Swiss large and mid cap stocks. |
SPI® | Switzerland | 3 ETFs | 212 (30/01/2026) | The SPI® index tracks the performance of the Swiss equity market as a whole. Index factsheet |
Solactive Swiss Large Cap | Switzerland | 2 ETFs | 20 | The Solactive Swiss Large Cap index tracks the 20 largest and most liquid Swiss large and mid cap stocks. |
| ETF ISIN | Fund size in m CHF | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| iShares Core SPI (CH)CH0237935652 | 6,031 | 0.10% p.a. | Distributing | Switzerland | Optimized sampling | |
| UBS SMI® ETF CHF disCH0017142719 | 3,784 | 0.20% p.a. | Distributing | Switzerland | Full replication | |
| UBS MSCI Switzerland 20/35 UCITS ETF CHF accLU0977261329 | 2,607 | 0.20% p.a. | Accumulating | Luxembourg | Full replication | |
| iShares SMI (CH)CH0008899764 | 2,580 | 0.35% p.a. | Distributing | Switzerland | Full replication | |
| UBS ETF (CH) SLI (CHF) A-disCH0032912732 | 2,105 | 0.20% p.a. | Distributing | Switzerland | Full replication | |
| UBS Core SPI® ETF CHF disCH0131872431 | 1,911 | 0.09% p.a. | Distributing | Switzerland | Optimized sampling | |
| Xtrackers Swiss Large Cap UCITS ETF 1DLU0274221281 | 1,572 | 0.30% p.a. | Distributing | Luxembourg | Full replication | |
| UBS ETF (CH) MSCI Switzerland (CHF) A-disCH0226274246 | 873 | 0.21% p.a. | Distributing | Switzerland | Full replication | |
| Xtrackers Swiss Large Cap UCITS ETF 1CLU0943504760 | 831 | 0.30% p.a. | Accumulating | Luxembourg | Full replication | |
| iShares SLI ETF (CH)CH0031768937 | 748 | 0.35% p.a. | Distributing | Switzerland | Full replication | |
| UBS MSCI Switzerland 20/35 UCITS ETF CHF disLU0979892907 | 619 | 0.20% p.a. | Distributing | Luxembourg | Full replication | |
| iShares SLI UCITS ETF (DE)DE0005933964 | 512 | 0.51% p.a. | Distributing | Germany | Full replication | |
| Xtrackers SLI UCITS ETF 1DLU0322248146 | 486 | 0.25% p.a. | Distributing | Luxembourg | Full replication | |
| UBS Core SPI® ETF CHF accCH1416135338 | 479 | 0.09% p.a. | Accumulating | Switzerland | Optimized sampling | |
| Amundi MSCI Switzerland UCITS ETF CHFLU1681044993 | 362 | 0.25% p.a. | Accumulating | Luxembourg | Unfunded swap | |
| Amundi MSCI Switzerland UCITS ETF EUR (C)LU1681044720 | 199 | 0.25% p.a. | Accumulating | Luxembourg | Unfunded swap | |
| UBS SMI® ETF CHF accCH1447931341 | 193 | 0.20% p.a. | Accumulating | Switzerland | Full replication | |
| UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdisLU1107560036 | 47 | 0.20% p.a. | Distributing | Luxembourg | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| SLI® | -3.70% | -2.13% | 12.50% | 15.39% | 39.47% | |
| SPI® | -3.26% | -2.25% | 10.35% | 16.39% | 34.62% | |
| MSCI Switzerland 20/35 | -3.49% | -2.43% | 10.82% | 16.60% | 32.63% | |
| Solactive Swiss Large Cap | -3.53% | -2.66% | 11.04% | 17.15% | 32.31% | |
| SMI® | -4.03% | -2.67% | 10.72% | 17.25% | 36.72% | |
| MSCI Switzerland | -3.56% | -2.52% | 11.24% | 17.47% | 35.54% |
| Index | 2026 in % | 2025 in % | 2024 in % | 2023 in % | 2022 in % | |
|---|---|---|---|---|---|---|
| Solactive Swiss Large Cap | 6.29% | 17.30% | 5.14% | 5.00% | -16.31% | |
| SLI® | 6.60% | 14.46% | 10.40% | 11.18% | -18.90% | |
| MSCI Switzerland 20/35 | 6.65% | 16.52% | 5.38% | 5.15% | -17.11% | |
| SPI® | 7.01% | 17.28% | 5.80% | 5.77% | -16.67% | |
| SMI® | 7.08% | 17.48% | 7.05% | 6.62% | -14.70% | |
| MSCI Switzerland | 7.48% | 17.29% | 6.18% | 5.88% | -16.66% |
Source: justETF.com; As of 30/09/2026; Calculations in CHF based on the largest ETF of the respective index.
The best Switzerland ETFs
by 1 year return
| 1 | UBS SMI® ETF CHF acc | 19.12% |
| 2 | UBS Core SPI® ETF CHF acc | 18.76% |
| 3 | UBS ETF (CH) MSCI Switzerland (CHF) A-dis | 17.47% |
The cheapest Switzerland ETFs
by total expense ratio (TER)
| 1 | UBS Core SPI® ETF CHF acc | 0.09% p.a. |
| 2 | UBS Core SPI® ETF CHF dis | 0.09% p.a. |
| 3 | iShares Core SPI (CH) | 0.10% p.a. |
Switzerland indices that follow a certain equity strategy
Alternatively, you can consider indices on small and mid caps or dividend strategies. In total you can invest in 4 alternative indices on Switzerland tracked by 7 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 |
|---|---|---|---|---|
| MSCI Switzerland IMI Extended SRI Low Carbon Select 5% Issuer Capped | Switzerland Social/Environmental | 3 ETFs | 54 (27/02/2026) | The MSCI Switzerland IMI Extended SRI Low Carbon Select 5% Issuer Capped index tracks large, mid and small cap stocks of the Swiss equity markets. The index only considers companies with high Environmental, Social and Governance (ESG) ratings relative to their sector peers, to ensure the inclusion of the best of class companies from an ESG perspective. The weight of each company is capped to 5%. Index factsheet |
| SMIM® | Switzerland Mid Cap | 2 ETFs | 30 | The 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 highest dividend yield in the Swiss equity market. |
| ETF ISIN | Fund size in m CHF | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| iShares Swiss Dividend (CH)CH0237935637 | 8,461 | 0.15% p.a. | Distributing | Switzerland | Full replication | |
| UBS ETF (CH) SMIM (CHF) A-disCH0111762537 | 1,824 | 0.25% p.a. | Distributing | Switzerland | Full replication | |
| iShares SMIM (CH)CH0019852802 | 1,200 | 0.45% p.a. | Distributing | Switzerland | Full replication | |
| UBS ETF (CH) SPI Mid (CHF) A-disCH0130595124 | 716 | 0.25% p.a. | Distributing | Switzerland | Full replication | |
| UBS MSCI Switzerland IMI Socially Responsible UCITS ETF CHF accLU2250132763 | 332 | 0.28% p.a. | Accumulating | Luxembourg | Full replication | |
| UBS ETF (CH) MSCI Switzerland IMI Socially Responsible (CHF) A-disCH0368190739 | 239 | 0.28% p.a. | Distributing | Switzerland | Full replication | |
| UBS ETF (CH) MSCI Switzerland IMI Socially Responsible (CHF) A-accCH0492935355 | 218 | 0.28% p.a. | Accumulating | Switzerland | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| MSCI Switzerland IMI Extended SRI Low Carbon Select 5% Issuer Capped | -2.22% | -0.75% | 10.83% | 12.40% | 32.83% | |
| SMIM® | -2.07% | -3.16% | 8.63% | 13.01% | 30.71% | |
| SPI® Mid Cap | -1.35% | 0.59% | 10.77% | 13.29% | 29.59% | |
| SPI® Select Dividend 20 | -3.51% | -2.02% | 7.35% | 14.66% | 40.39% |
| Index | 2026 in % | 2025 in % | 2024 in % | 2023 in % | 2022 in % | |
|---|---|---|---|---|---|---|
| SMIM® | 5.29% | 15.95% | 4.27% | 5.82% | -26.71% | |
| MSCI Switzerland IMI Extended SRI Low Carbon Select 5% Issuer Capped | 5.73% | 11.19% | 7.40% | 9.60% | -21.24% | |
| SPI® Select Dividend 20 | 5.91% | 18.56% | 9.03% | 9.55% | -10.81% | |
| SPI® Mid Cap | 8.11% | 13.41% | 0.89% | 9.95% | -22.99% |
Source: justETF.com; As of 30/09/2026; Calculations in CHF based on the largest ETF of the respective index.
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 2 Europe indices, which are tracked by 2 ETFs. The total expense ratio (TER) of ETFs on Europe indices is between 0.35% p.a. and 0.40% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
| MSCI Europe ex UK | Europe Switzerland: 18.90% (27/02/2026) | 1 ETF | 320 (30/09/2026) | The MSCI Europe ex UK index tracks the leading stocks from European industrial countries, excluding United Kingdom. Index factsheet |
| STOXX® Europe 50 | Europe Switzerland: 19.80% (27/02/2026) | 1 ETF | 50 | The STOXX® Europe 50 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 MSCI Europe ex-UK UCITS ETFIE00B14X4N27 | 1,217 | 0.40% p.a. | Distributing | Ireland | Optimized sampling | |
| iShares STOXX Europe 50 UCITS ETFIE0008470928 | 526 | 0.35% p.a. | Distributing | Ireland | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| MSCI Europe ex UK | -2.24% | 0.65% | 15.96% | 17.03% | 47.19% | |
| STOXX® Europe 50 | -1.55% | 1.30% | 14.98% | 19.15% | 43.61% |
| Index | 2026 in % | 2025 in % | 2024 in % | 2023 in % | 2022 in % | |
|---|---|---|---|---|---|---|
| MSCI Europe ex UK | 10.94% | 18.36% | 8.69% | 10.68% | -16.79% | |
| STOXX® Europe 50 | 12.41% | 16.03% | 9.86% | 8.19% | -6.90% |
Source: justETF.com; As of 30/09/2026; Calculations in CHF based on the largest ETF of the respective index.
