Acwi vs acwis question

Hi dears,

I was looking to the comparison between acwi ( usd ) vs acwis ( hedged chf ) . I’ve noticed from the 30 may till today the performance is quite similar but in the meantime the usd/chf lost 2.5%.

So my question , maybe stupid ,but if acwis is hedged chf why I don’t see acwis doing a better performance than acwi between the 30/5 and today ?

Are you converting the USD version to CHF so that things are comparable?

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Yeah I’ve just realized I was comparing usd vs chf , so now it maks sense :joy: