36BZ.DE vs. CNIE.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - 36BZ.DE tracks the MSCI China A Inclusion while CNIE.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, 36BZ.DE returned 8.44%/yr vs -0.19%/yr for CNIE.DE. Their correlation of 0.87 suggests significant overlap in exposure. 36BZ.DE charges 0.40%/yr vs 0.60%/yr for CNIE.DE.
Performance
36BZ.DE vs. CNIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BZ.DE achieves a 9.71% return, which is significantly higher than CNIE.DE's -3.41% return.
36BZ.DE
- 1D
- -0.75%
- 1M
- 0.35%
- YTD
- 9.71%
- 6M
- 11.84%
- 1Y
- 33.04%
- 3Y*
- 8.44%
- 5Y*
- -0.23%
- 10Y*
- 5.98%
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
36BZ.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 7.10% |
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -22.84% | 8.74% |
Correlation
The correlation between 36BZ.DE and CNIE.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.87 |
The correlation between 36BZ.DE and CNIE.DE has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.
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Return for Risk
36BZ.DE vs. CNIE.DE — Risk / Return Rank
36BZ.DE
CNIE.DE
36BZ.DE vs. CNIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (36BZ.DE) and VanEck New China ESG UCITS ETF A (CNIE.DE). 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 | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.08 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 0.53 | +4.56 |
| Martin ratioReturn relative to average drawdown | 13.77 | 1.17 | +12.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BZ.DE | CNIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.42 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.16 | +0.19 |
Drawdowns
36BZ.DE vs. CNIE.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, which is greater than CNIE.DE's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and CNIE.DE.
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Drawdown Indicators
| 36BZ.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -45.69% | -7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -12.45% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -29.20% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | — | — |
Current DrawdownCurrent decline from peak | -10.22% | -25.25% | +15.03% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -24.67% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 5.70% | -3.26% |
Volatility
36BZ.DE vs. CNIE.DE - Volatility Comparison
iShares MSCI China A UCITS ETF (36BZ.DE) has a higher volatility of 5.55% compared to VanEck New China ESG UCITS ETF A (CNIE.DE) at 4.49%. This indicates that 36BZ.DE's price experiences larger fluctuations and is considered to be riskier than CNIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BZ.DE | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.49% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 10.68% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 16.04% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 24.27% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 24.27% | -2.17% |
36BZ.DE vs. CNIE.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is lower than CNIE.DE's 0.60% expense ratio.
Dividends
36BZ.DE vs. CNIE.DE - Dividend Comparison
Neither 36BZ.DE nor CNIE.DE has paid dividends to shareholders.
Frequently Asked Questions
36BZ.DE and CNIE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BZ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BZ.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for CNIE.DE.
36BZ.DE tracks MSCI China A Inclusion, while CNIE.DE tracks MarketGrader New China ESG. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for 36BZ.DE and 0.60% for CNIE.DE.
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