36BZ.DE vs. L4K3.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and L4K3.DE (Amundi MSCI China UCITS ETF Acc) are both China Equities funds - 36BZ.DE tracks the MSCI China A Inclusion while L4K3.DE tracks the MSCI China. Both are passively managed. Over the past 5 years, 36BZ.DE returned -0.23%/yr vs -4.01%/yr for L4K3.DE. A 0.74 correlation means they provide meaningful diversification when combined. 36BZ.DE charges 0.40%/yr vs 0.29%/yr for L4K3.DE.
Performance
36BZ.DE vs. L4K3.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 L4K3.DE's -6.67% 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%
L4K3.DE
- 1D
- -0.37%
- 1M
- -3.46%
- YTD
- -6.67%
- 6M
- -9.21%
- 1Y
- 2.64%
- 3Y*
- 8.01%
- 5Y*
- -4.01%
- 10Y*
- —
36BZ.DE vs. L4K3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 13.41% | 28.50% | 8.10% |
L4K3.DE Amundi MSCI China UCITS ETF Acc | -6.67% | 17.15% | 27.30% | -14.42% | -14.90% | -16.74% | 15.62% | 7.71% |
Correlation
The correlation between 36BZ.DE and L4K3.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019 | 0.74 |
The correlation between 36BZ.DE and L4K3.DE has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
36BZ.DE vs. L4K3.DE — Risk / Return Rank
36BZ.DE
L4K3.DE
36BZ.DE vs. L4K3.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 Amundi MSCI China UCITS ETF Acc (L4K3.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 | L4K3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.06 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 0.12 | +4.97 |
| Martin ratioReturn relative to average drawdown | 13.77 | 0.21 | +13.56 |
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 | L4K3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.11 | +2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.14 | +0.12 |
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 | 0.02 | 0.00 |
Drawdowns
36BZ.DE vs. L4K3.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, roughly equal to the maximum L4K3.DE drawdown of -55.69%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and L4K3.DE.
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Drawdown Indicators
| 36BZ.DE | L4K3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -55.69% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -25.74% | +19.17% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -25.74% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -49.06% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | — | — |
Current DrawdownCurrent decline from peak | -10.22% | -31.32% | +21.10% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -28.02% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 15.28% | -12.84% |
Volatility
36BZ.DE vs. L4K3.DE - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (36BZ.DE) is 5.55%, while Amundi MSCI China UCITS ETF Acc (L4K3.DE) has a volatility of 7.29%. This indicates that 36BZ.DE experiences smaller price fluctuations and is considered to be less risky than L4K3.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 | L4K3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.29% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 13.24% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 27.86% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 29.30% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 28.03% | -5.93% |
36BZ.DE vs. L4K3.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is higher than L4K3.DE's 0.29% expense ratio.
Dividends
36BZ.DE vs. L4K3.DE - Dividend Comparison
Neither 36BZ.DE nor L4K3.DE has paid dividends to shareholders.
Frequently Asked Questions
36BZ.DE and L4K3.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L4K3.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L4K3.DE is cheaper with a 0.29% expense ratio, compared with 0.40% for 36BZ.DE.
36BZ.DE tracks MSCI China A Inclusion, while L4K3.DE tracks MSCI China. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for 36BZ.DE and 0.29% for L4K3.DE.
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