9W1A.DE vs. CNIE.DE
9W1A.DE (BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF USD Acc) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - 9W1A.DE tracks the MSCI China Select SRI S-Series 10% Capped while CNIE.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, 9W1A.DE returned 9.79%/yr vs 2.53%/yr for CNIE.DE. A 0.72 correlation means they provide meaningful diversification when combined. 9W1A.DE charges 0.31%/yr vs 0.60%/yr for CNIE.DE.
Performance
9W1A.DE vs. CNIE.DE - Performance Comparison
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Different Trading Currencies
9W1A.DE is traded in USD, while CNIE.DE is traded in EUR. To make them comparable, the CNIE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 9W1A.DE achieves a -8.14% return, which is significantly lower than CNIE.DE's -4.54% return.
9W1A.DE
- 1D
- -0.36%
- 1M
- -4.70%
- YTD
- -8.14%
- 6M
- -9.53%
- 1Y
- 3.50%
- 3Y*
- 9.79%
- 5Y*
- —
- 10Y*
- —
CNIE.DE
- 1D
- -0.65%
- 1M
- -4.15%
- YTD
- -4.54%
- 6M
- -5.59%
- 1Y
- 8.17%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
9W1A.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
9W1A.DE BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF USD Acc | -8.14% | 30.93% | 15.68% | -14.27% | -27.31% | -5.02% |
CNIE.DE VanEck New China ESG UCITS ETF A | -4.54% | 22.78% | 1.14% | -9.63% | -27.09% | 6.18% |
Correlation
The correlation between 9W1A.DE and CNIE.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.72 |
The correlation between 9W1A.DE and CNIE.DE has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
9W1A.DE vs. CNIE.DE — Risk / Return Rank
9W1A.DE
CNIE.DE
9W1A.DE vs. CNIE.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 USD Acc (9W1A.DE) and VanEck New China ESG UCITS ETF A (CNIE.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.
| 9W1A.DE | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.10 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.61 | -0.37 |
| Martin ratioReturn relative to average drawdown | 0.49 | 1.41 | -0.93 |
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
| 9W1A.DE | CNIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.51 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.15 | +0.03 |
Drawdowns
9W1A.DE vs. CNIE.DE - Drawdown Comparison
The maximum 9W1A.DE drawdown since its inception was -53.54%, which is greater than CNIE.DE's maximum drawdown of -46.72%. Use the drawdown chart below to compare losses from any high point for 9W1A.DE and CNIE.DE.
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Drawdown Indicators
| 9W1A.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -46.72% | -6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -17.23% | -13.85% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -28.18% | +0.92% |
Current DrawdownCurrent decline from peak | -24.57% | -23.14% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -30.22% | -26.79% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.39% | 5.98% | +2.41% |
Volatility
9W1A.DE vs. CNIE.DE - Volatility Comparison
BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF USD Acc (9W1A.DE) has a higher volatility of 7.64% compared to VanEck New China ESG UCITS ETF A (CNIE.DE) at 5.07%. This indicates that 9W1A.DE's price experiences larger fluctuations and is considered to be riskier than CNIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 9W1A.DE | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 5.07% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.57% | 11.42% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 16.75% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.58% | 25.62% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.58% | 25.62% | +4.96% |
9W1A.DE vs. CNIE.DE - Expense Ratio Comparison
9W1A.DE has a 0.31% expense ratio, which is lower than CNIE.DE's 0.60% expense ratio.
Dividends
9W1A.DE vs. CNIE.DE - Dividend Comparison
Neither 9W1A.DE nor CNIE.DE has paid dividends to shareholders.
Frequently Asked Questions
9W1A.DE and CNIE.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 9W1A.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
9W1A.DE is cheaper with a 0.31% expense ratio, compared with 0.60% for CNIE.DE.
9W1A.DE tracks MSCI China Select SRI S-Series 10% Capped, while CNIE.DE tracks MarketGrader New China ESG. They also come from different issuers: BNP Paribas and VanEck. Their fees differ too: 0.31% for 9W1A.DE and 0.60% for CNIE.DE.
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