36BZ.DE vs. MCHN.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - 36BZ.DE tracks the MSCI China A Inclusion while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 5 years, 36BZ.DE returned -0.23%/yr vs -2.96%/yr for MCHN.DE. Their correlation of 0.85 suggests significant overlap in exposure. 36BZ.DE charges 0.40%/yr vs 0.35%/yr for MCHN.DE.
Performance
36BZ.DE vs. MCHN.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 MCHN.DE's -0.35% 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%
MCHN.DE
- 1D
- -0.22%
- 1M
- -1.36%
- YTD
- -0.35%
- 6M
- -1.47%
- 1Y
- 12.33%
- 3Y*
- 7.98%
- 5Y*
- -2.96%
- 10Y*
- —
36BZ.DE vs. MCHN.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% | 12.32% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -15.29% | -18.40% | -11.12% |
Correlation
The correlation between 36BZ.DE and MCHN.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.85 |
The correlation between 36BZ.DE and MCHN.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
36BZ.DE vs. MCHN.DE — Risk / Return Rank
36BZ.DE
MCHN.DE
36BZ.DE vs. MCHN.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 Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.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 | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 1.13 | +3.97 |
| Martin ratioReturn relative to average drawdown | 13.77 | 2.63 | +11.14 |
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 | MCHN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.75 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.12 | +0.11 |
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 | -0.11 | +0.13 |
Drawdowns
36BZ.DE vs. MCHN.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, which is greater than MCHN.DE's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and MCHN.DE.
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Drawdown Indicators
| 36BZ.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -45.79% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -11.21% | +4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -23.24% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -45.54% | +3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | — | — |
Current DrawdownCurrent decline from peak | -10.22% | -16.30% | +6.08% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -24.07% | -6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 4.81% | -2.37% |
Volatility
36BZ.DE vs. MCHN.DE - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (36BZ.DE) is 5.55%, while Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a volatility of 6.52%. This indicates that 36BZ.DE experiences smaller price fluctuations and is considered to be less risky than MCHN.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 | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.52% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 11.75% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 16.86% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 25.04% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 24.77% | -2.67% |
36BZ.DE vs. MCHN.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
36BZ.DE vs. MCHN.DE - Dividend Comparison
Neither 36BZ.DE nor MCHN.DE has paid dividends to shareholders.
Frequently Asked Questions
36BZ.DE and MCHN.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCHN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for 36BZ.DE.
36BZ.DE tracks MSCI China A Inclusion, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for 36BZ.DE and 0.35% for MCHN.DE.
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