36BZ.DE vs. XCHA.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds - 36BZ.DE tracks the MSCI China A Inclusion while XCHA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, 36BZ.DE returned 5.98%/yr vs 9.08%/yr for XCHA.DE. Their correlation of 0.94 suggests significant overlap in exposure. 36BZ.DE charges 0.40%/yr vs 0.50%/yr for XCHA.DE.
Performance
36BZ.DE vs. XCHA.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 XCHA.DE's 12.47% return. Over the past 10 years, 36BZ.DE has underperformed XCHA.DE with an annualized return of 5.98%, while XCHA.DE has yielded a comparatively higher 9.08% annualized 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%
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
36BZ.DE vs. XCHA.DE - 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% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
Correlation
The correlation between 36BZ.DE and XCHA.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.94 |
The correlation between 36BZ.DE and XCHA.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
36BZ.DE vs. XCHA.DE — Risk / Return Rank
36BZ.DE
XCHA.DE
36BZ.DE vs. XCHA.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 Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 2.38 | +2.72 |
| Martin ratioReturn relative to average drawdown | 13.77 | 4.62 | +9.15 |
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 | XCHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.48 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.13 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.39 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.31 | -0.29 |
Drawdowns
36BZ.DE vs. XCHA.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, roughly equal to the maximum XCHA.DE drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and XCHA.DE.
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Drawdown Indicators
| 36BZ.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -52.27% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -16.43% | +9.86% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -26.32% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -37.07% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | -38.55% | -4.83% |
Current DrawdownCurrent decline from peak | -10.22% | -1.81% | -8.41% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -22.73% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 8.48% | -6.04% |
Volatility
36BZ.DE vs. XCHA.DE - Volatility Comparison
iShares MSCI China A UCITS ETF (36BZ.DE) has a higher volatility of 5.55% compared to Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) at 5.10%. This indicates that 36BZ.DE's price experiences larger fluctuations and is considered to be riskier than XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 5.10% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 10.37% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 26.51% | -10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 23.27% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 23.20% | -1.10% |
36BZ.DE vs. XCHA.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is lower than XCHA.DE's 0.50% expense ratio.
Dividends
36BZ.DE vs. XCHA.DE - Dividend Comparison
Neither 36BZ.DE nor XCHA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 36BZ.DE and XCHA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.50% for XCHA.DE.
36BZ.DE tracks MSCI China A Inclusion, while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for 36BZ.DE and 0.50% for XCHA.DE.
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