36BZ.DE vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI China A UCITS ETF (36BZ.DE) and S&P 500 Index (^GSPC).

36BZ.DE is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion. It was launched on Apr 8, 2015.

Performance

36BZ.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI China A UCITS ETF (36BZ.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

36BZ.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
36BZ.DE iShares MSCI China A UCITS ETF	0.18%	10.25%	19.91%	-17.13%	-21.26%	13.41%	28.50%	37.21%	-23.49%	14.90%
^GSPC S&P 500 Index	-2.10%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

36BZ.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 36BZ.DE achieves a 0.18% return, which is significantly higher than ^GSPC's -2.47% return. Over the past 10 years, 36BZ.DE has underperformed ^GSPC with an annualized return of 4.39%, while ^GSPC has yielded a comparatively higher 12.10% annualized return.

36BZ.DE

• 1D: -0.56%
• 1M: -1.65%
• YTD: 0.18%
• 6M: 1.00%
• 1Y: 16.97%
• 3Y*: 2.24%
• 5Y*: -1.07%
• 10Y*: 4.39%

^GSPC

• 1D: 0.00%
• 1M: -3.17%
• YTD: -2.47%
• 6M: -0.80%
• 1Y: 8.54%
• 3Y*: 14.53%
• 5Y*: 10.74%
• 10Y*: 12.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

36BZ.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

36BZ.DE

36BZ.DE Risk / Return Rank: 60
36BZ.DE Sharpe Ratio Rank: 53
36BZ.DE Sortino Ratio Rank: 48
36BZ.DE Omega Ratio Rank: 47
36BZ.DE Calmar Ratio Rank: 87
36BZ.DE Martin Ratio Rank: 64

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

36BZ.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (36BZ.DE) and S&P 500 Index (^GSPC). 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.

	36BZ.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.41	+0.59
Sortino ratio Return per unit of downside risk	1.39	0.71	+0.68
Omega ratio Gain probability vs. loss probability	1.20	1.11	+0.08
Calmar ratio Return relative to maximum drawdown	3.15	0.62	+2.53
Martin ratio Return relative to average drawdown	7.55	2.56	+4.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

36BZ.DE vs. ^GSPC - Sharpe Ratio Comparison

The current 36BZ.DE Sharpe Ratio is 1.00, which is higher than the ^GSPC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of 36BZ.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	36BZ.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.41	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.64	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.65	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.45	-0.46

Correlation

The correlation between 36BZ.DE and ^GSPC is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

36BZ.DE vs. ^GSPC - Drawdown Comparison

The maximum 36BZ.DE drawdown since its inception was -53.30%, roughly equal to the maximum ^GSPC drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and ^GSPC.

Drawdown Indicators

	36BZ.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-56.78%	+3.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-9.10%	+0.51%
Max Drawdown (5Y) Largest decline over 5 years	-41.94%	-25.43%	-16.51%
Max Drawdown (10Y) Largest decline over 10 years	-43.38%	-33.92%	-9.46%
Current Drawdown Current decline from peak	-18.02%	-5.67%	-12.35%
Average Drawdown Average peak-to-trough decline	-30.47%	-10.75%	-19.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.62%	+0.12%

Volatility

36BZ.DE vs. ^GSPC - Volatility Comparison

iShares MSCI China A UCITS ETF (36BZ.DE) has a higher volatility of 4.67% compared to S&P 500 Index (^GSPC) at 4.36%. This indicates that 36BZ.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	36BZ.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	4.36%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	9.93%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	20.68%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	16.80%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	18.63%	+3.59%