9W1.DE vs. ICGA.DE
9W1.DE (BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both China Equities funds - 9W1.DE tracks the MSCI China Select SRI S-Series 10% Capped while ICGA.DE tracks the MSCI China. Both are passively managed. Over the past 3 years, 9W1.DE returned 4.84%/yr vs 7.72%/yr for ICGA.DE. With a 0.97 correlation, they move nearly in lockstep. 9W1.DE charges 0.31%/yr vs 0.28%/yr for ICGA.DE.
Performance
9W1.DE vs. ICGA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 9W1.DE having a -6.89% return and ICGA.DE slightly higher at -6.86%.
9W1.DE
- 1D
- -0.47%
- 1M
- -3.69%
- YTD
- -6.89%
- 6M
- -9.48%
- 1Y
- 2.10%
- 3Y*
- 4.84%
- 5Y*
- —
- 10Y*
- —
ICGA.DE
- 1D
- -0.54%
- 1M
- -3.40%
- YTD
- -6.86%
- 6M
- -9.46%
- 1Y
- 2.44%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
9W1.DE vs. ICGA.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% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -3.74% |
Correlation
The correlation between 9W1.DE and ICGA.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.97 |
The correlation between 9W1.DE and ICGA.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
9W1.DE vs. ICGA.DE — Risk / Return Rank
9W1.DE
ICGA.DE
9W1.DE vs. ICGA.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 iShares MSCI China UCITS ETF USD Acc (ICGA.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 | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.16 | -0.03 |
| Martin ratioReturn relative to average drawdown | 0.27 | 0.34 | -0.06 |
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 | ICGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.15 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.05 | -0.15 |
Drawdowns
9W1.DE vs. ICGA.DE - Drawdown Comparison
The maximum 9W1.DE drawdown since its inception was -50.36%, smaller than the maximum ICGA.DE drawdown of -55.95%. Use the drawdown chart below to compare losses from any high point for 9W1.DE and ICGA.DE.
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Drawdown Indicators
| 9W1.DE | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.36% | -55.95% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -16.84% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -24.41% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.32% | — |
Current DrawdownCurrent decline from peak | -25.23% | -32.56% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -27.28% | -28.80% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.37% | 8.08% | +0.29% |
Volatility
9W1.DE vs. ICGA.DE - Volatility Comparison
BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc (9W1.DE) and iShares MSCI China UCITS ETF USD Acc (ICGA.DE) have volatilities of 7.19% and 7.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 9W1.DE | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 7.19% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.30% | 13.31% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.92% | 18.64% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 27.66% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.69% | 26.97% | +1.72% |
9W1.DE vs. ICGA.DE - Expense Ratio Comparison
9W1.DE has a 0.31% expense ratio, which is higher than ICGA.DE's 0.28% expense ratio.
Dividends
9W1.DE vs. ICGA.DE - Dividend Comparison
Neither 9W1.DE nor ICGA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, 9W1.DE and ICGA.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, ICGA.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICGA.DE is cheaper with a 0.28% expense ratio, compared with 0.31% for 9W1.DE.
9W1.DE tracks MSCI China Select SRI S-Series 10% Capped, while ICGA.DE tracks MSCI China. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.31% for 9W1.DE and 0.28% for ICGA.DE.
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