9W1.DE vs. CNAA.DE
9W1.DE (BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc) and CNAA.DE (Amundi MSCI China A UCITS ETF Acc) are both China Equities funds - 9W1.DE tracks the MSCI China Select SRI S-Series 10% Capped while CNAA.DE tracks the MSCI China A. Both are passively managed. Over the past 3 years, 9W1.DE returned 4.84%/yr vs 8.43%/yr for CNAA.DE. A 0.72 correlation means they provide meaningful diversification when combined. 9W1.DE charges 0.31%/yr vs 0.35%/yr for CNAA.DE.
Performance
9W1.DE vs. CNAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 9W1.DE achieves a -6.89% return, which is significantly lower than CNAA.DE's 9.91% return.
9W1.DE
- 1D
- -0.47%
- 1M
- -3.69%
- YTD
- -6.89%
- 6M
- -9.48%
- 1Y
- 2.10%
- 3Y*
- 4.84%
- 5Y*
- —
- 10Y*
- —
CNAA.DE
- 1D
- -0.79%
- 1M
- 0.35%
- YTD
- 9.91%
- 6M
- 11.19%
- 1Y
- 33.60%
- 3Y*
- 8.43%
- 5Y*
- -0.21%
- 10Y*
- —
9W1.DE vs. CNAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
9W1.DE BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc | -6.89% | 16.44% | 21.98% | -17.19% | -22.95% | 1.33% |
CNAA.DE Amundi MSCI China A UCITS ETF Acc | 9.91% | 10.09% | 19.81% | -17.19% | -20.96% | 14.25% |
Correlation
The correlation between 9W1.DE and CNAA.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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.72 |
The correlation between 9W1.DE and CNAA.DE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
9W1.DE vs. CNAA.DE — Risk / Return Rank
9W1.DE
CNAA.DE
9W1.DE vs. CNAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc (9W1.DE) and Amundi MSCI China A UCITS ETF Acc (CNAA.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.
| 9W1.DE | CNAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 5.08 | -4.94 |
| Martin ratioReturn relative to average drawdown | 0.27 | 13.52 | -13.24 |
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
| 9W1.DE | CNAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 2.04 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.29 | -0.39 |
Drawdowns
9W1.DE vs. CNAA.DE - Drawdown Comparison
The maximum 9W1.DE drawdown since its inception was -50.36%, which is greater than CNAA.DE's maximum drawdown of -43.90%. Use the drawdown chart below to compare losses from any high point for 9W1.DE and CNAA.DE.
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Drawdown Indicators
| 9W1.DE | CNAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.36% | -43.90% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -6.65% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -27.84% | -3.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.85% | — |
Current DrawdownCurrent decline from peak | -25.23% | -11.33% | -13.90% |
Average DrawdownAverage peak-to-trough decline | -27.28% | -19.23% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.37% | 2.50% | +5.87% |
Volatility
9W1.DE vs. CNAA.DE - Volatility Comparison
BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc (9W1.DE) has a higher volatility of 7.19% compared to Amundi MSCI China A UCITS ETF Acc (CNAA.DE) at 6.13%. This indicates that 9W1.DE's price experiences larger fluctuations and is considered to be riskier than CNAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 9W1.DE | CNAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 6.13% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.30% | 11.38% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.92% | 16.52% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 21.44% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.69% | 22.51% | +6.18% |
9W1.DE vs. CNAA.DE - Expense Ratio Comparison
9W1.DE has a 0.31% expense ratio, which is lower than CNAA.DE's 0.35% expense ratio.
Dividends
9W1.DE vs. CNAA.DE - Dividend Comparison
Neither 9W1.DE nor CNAA.DE has paid dividends to shareholders.
Frequently Asked Questions
9W1.DE and CNAA.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, 9W1.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
9W1.DE is cheaper with a 0.31% expense ratio, compared with 0.35% for CNAA.DE.
9W1.DE tracks MSCI China Select SRI S-Series 10% Capped, while CNAA.DE tracks MSCI China A. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.31% for 9W1.DE and 0.35% for CNAA.DE.
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