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Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) Sharpe Ratio: 0.39

ETF · Currency in USD · Last updated Jul 16, 2026

Invesco MSCI China All Shares Connect UCITS ETF provides exchange-traded exposure to its stated investment strategy.

MCHN.L's Sharpe Ratio of 0.39 indicates that for each unit of volatility, it generates 0.39 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MCHN.L Sharpe Ratio Rank

MCHN.L Sharpe Ratio Rank: 16.216
Concerning

MCHN.L ranks above 16.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

MCHN.L Sharpe Ratio Market Positioning

The chart shows MCHN.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.75 or lower
  • Yellow zone (middle 50%): 0.75 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.41+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco MSCI China All Shares Connect UCITS ETF's Sharpe Ratio with other ETFs in the China Equities category across multiple time periods, showing how MCHN.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FLQA.LFranklin FTSE Asia ex China ex Japan UCITS ETF2.06
C300.LInvesco S&P China A 300 Swap UCITS ETF Acc1.94
CNUA.LUBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc1.93
XCNA.LXtrackers MSCI China A ESG Screened Swap UCITS ETF 1C1.87
XCHA.LXtrackers CSI 300 Swap UCITS ETF 1C1.80
JREC.LJPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)1.74
RQFI.LXtrackers Harvest CSI 300 UCITS ETF 1D1.65
HMCA.LHSBC MSCI CHINA A UCITS ETF1.54
XX25.LXtrackers FTSE China 50 UCITS ETF 1C1.52
CNAL.LLyxor Fortune SG UCITS MSCI China A DR1.51
MCHN.LInvesco MSCI China All Shares Connect UCITS ETF0.39

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MCHN.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MCHN.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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