36BZ.DE vs. CNUA.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and CNUA.DE (UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc) are both China Equities funds - 36BZ.DE tracks the MSCI China A Inclusion while CNUA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, 36BZ.DE returned -0.23%/yr vs 3.68%/yr for CNUA.DE. Their correlation of 0.87 suggests significant overlap in exposure. 36BZ.DE charges 0.40%/yr vs 0.30%/yr for CNUA.DE.
Performance
36BZ.DE vs. CNUA.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 lower than CNUA.DE's 13.12% 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%
CNUA.DE
- 1D
- -0.03%
- 1M
- 1.29%
- YTD
- 13.12%
- 6M
- 15.08%
- 1Y
- 40.21%
- 3Y*
- 12.39%
- 5Y*
- 3.68%
- 10Y*
- —
36BZ.DE vs. CNUA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 13.41% | 29.81% |
CNUA.DE UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc | 13.12% | 15.18% | 24.15% | -14.62% | -18.77% | 18.43% | 30.72% |
Correlation
The correlation between 36BZ.DE and CNUA.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.87 |
The correlation between 36BZ.DE and CNUA.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
36BZ.DE vs. CNUA.DE — Risk / Return Rank
36BZ.DE
CNUA.DE
36BZ.DE vs. CNUA.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 UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.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 | CNUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 2.41 | +2.69 |
| Martin ratioReturn relative to average drawdown | 13.77 | 4.99 | +8.79 |
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 | CNUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.46 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.15 | -0.16 |
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 | 0.35 | -0.32 |
Drawdowns
36BZ.DE vs. CNUA.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, which is greater than CNUA.DE's maximum drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and CNUA.DE.
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Drawdown Indicators
| 36BZ.DE | CNUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -37.81% | -15.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -16.76% | +10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -26.63% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -37.81% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | — | — |
Current DrawdownCurrent decline from peak | -10.22% | -2.20% | -8.02% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -15.12% | -15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 8.11% | -5.67% |
Volatility
36BZ.DE vs. CNUA.DE - Volatility Comparison
iShares MSCI China A UCITS ETF (36BZ.DE) has a higher volatility of 5.55% compared to UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) at 4.93%. This indicates that 36BZ.DE's price experiences larger fluctuations and is considered to be riskier than CNUA.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 | CNUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.93% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 11.91% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 27.65% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 25.09% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 26.24% | -4.14% |
36BZ.DE vs. CNUA.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is higher than CNUA.DE's 0.30% expense ratio.
Dividends
36BZ.DE vs. CNUA.DE - Dividend Comparison
Neither 36BZ.DE nor CNUA.DE has paid dividends to shareholders.
Frequently Asked Questions
36BZ.DE and CNUA.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNUA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNUA.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for 36BZ.DE.
36BZ.DE tracks MSCI China A Inclusion, while CNUA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for 36BZ.DE and 0.30% for CNUA.DE.
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