36BZ.DE vs. CNYA
36BZ.DE (iShares MSCI China A UCITS ETF) and CNYA (iShares MSCI China A ETF) are both China Equities funds from iShares - 36BZ.DE tracks the MSCI China A Inclusion while CNYA tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, 36BZ.DE returned -0.23%/yr vs -0.75%/yr for CNYA. Their correlation of 0.84 suggests significant overlap in exposure. 36BZ.DE charges 0.40%/yr vs 0.60%/yr for CNYA.
Performance
36BZ.DE vs. CNYA - Performance Comparison
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Different Trading Currencies
36BZ.DE is traded in EUR, while CNYA is traded in USD. To make them comparable, the CNYA 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 9.71% return, which is significantly higher than CNYA's 7.21% 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%
CNYA
- 1D
- -2.68%
- 1M
- -2.04%
- YTD
- 7.21%
- 6M
- 9.16%
- 1Y
- 30.29%
- 3Y*
- 7.51%
- 5Y*
- -0.75%
- 10Y*
- —
36BZ.DE vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 13.41% | 28.50% | 37.21% | -23.49% | 14.90% |
CNYA iShares MSCI China A ETF | 7.21% | 11.47% | 18.10% | -16.34% | -21.96% | 11.28% | 29.87% | 39.02% | -23.11% | 14.89% |
Correlation
The correlation between 36BZ.DE and CNYA is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.84 |
The correlation between 36BZ.DE and CNYA has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
36BZ.DE vs. CNYA — Risk / Return Rank
36BZ.DE
CNYA
36BZ.DE vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (36BZ.DE) and iShares MSCI China A ETF (CNYA). 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 | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 4.52 | +0.58 |
| Martin ratioReturn relative to average drawdown | 13.77 | 11.78 | +1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BZ.DE | CNYA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.79 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.03 | +0.02 |
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 | 0.25 | -0.23 |
Drawdowns
36BZ.DE vs. CNYA - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, which is greater than CNYA's maximum drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and CNYA.
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Drawdown Indicators
| 36BZ.DE | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -43.64% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.74% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -32.98% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -42.08% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | — | — |
Current DrawdownCurrent decline from peak | -10.22% | -12.95% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -16.18% | -14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.58% | -0.14% |
Volatility
36BZ.DE vs. CNYA - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (36BZ.DE) is 5.55%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.22%. This indicates that 36BZ.DE experiences smaller price fluctuations and is considered to be less risky than CNYA 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 | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.22% | -0.67% |
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% | 17.04% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 22.97% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 23.28% | -1.18% |
36BZ.DE vs. CNYA - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Dividends
36BZ.DE vs. CNYA - Dividend Comparison
36BZ.DE has not paid dividends to shareholders, while CNYA's dividend yield for the trailing twelve months is around 1.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNYA iShares MSCI China A ETF | 1.82% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
Frequently Asked Questions
36BZ.DE and CNYA have a correlation of 0.88, 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 CNYA.
36BZ.DE tracks MSCI China A Inclusion, while CNYA tracks MSCI China A Inclusion Index. Their fees differ too: 0.40% for 36BZ.DE and 0.60% for CNYA.
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