ACEYX vs. CN

Last updated Jun 4, 2026

ACEYX (AB All China Equity Portfolio) and CN (Xtrackers MSCI All China Equity ETF) are both China Equities funds. A 0.77 correlation means they provide meaningful diversification when combined. ACEYX charges 1.25%/yr vs 0.50%/yr for CN.

Performance

ACEYX vs. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB All China Equity Portfolio (ACEYX) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACEYX

• 1D: 2.30%
• 1M: 0.39%
• YTD: 0.89%
• 6M: 2.54%
• 1Y: 23.19%
• 3Y*: 13.77%
• 5Y*: -2.67%
• 10Y*: —

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACEYX vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ACEYX AB All China Equity Portfolio	0.89%	33.91%	17.44%	-10.96%	-26.65%	-14.65%	25.38%	37.67%	-21.60%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-18.20%

Correlation

The correlation between ACEYX and CN is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018	0.77

The correlation between ACEYX and CN shifts across timeframes, from 0.41 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ACEYX vs. CN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACEYX

ACEYX Risk / Return Rank: 20
ACEYX Sharpe Ratio Rank: 22
ACEYX Sortino Ratio Rank: 20
ACEYX Omega Ratio Rank: 21
ACEYX Calmar Ratio Rank: 23
ACEYX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACEYX vs. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB All China Equity Portfolio (ACEYX) and Xtrackers MSCI All China Equity ETF (CN). 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.

	ACEYX	CN	Difference
Sharpe ratio Return per unit of total volatility	1.35	—	—
Sortino ratio Return per unit of downside risk	1.87	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	1.76	—	—
Martin ratio Return relative to average drawdown	4.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ACEYX	CN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	—	—

Drawdowns

Drawdown Indicators

	ACEYX	CN	Difference
Max Drawdown Largest peak-to-trough decline	-57.58%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.02%	—	—
Current Drawdown Current decline from peak	-25.16%	—	—
Average Drawdown Average peak-to-trough decline	-27.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	—	—

Volatility

Volatility by Period

	ACEYX	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.33%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	—	—

ACEYX vs. CN - Expense Ratio Comparison

ACEYX has a 1.25% expense ratio, which is higher than CN's 0.50% expense ratio.

Dividends

ACEYX vs. CN - Dividend Comparison

ACEYX's dividend yield for the trailing twelve months is around 4.92%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEYX AB All China Equity Portfolio	4.92%	4.97%	3.75%	2.17%	1.39%	1.81%	0.43%	1.13%	0.00%	0.00%	0.00%	0.00%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%

Frequently Asked Questions

Can I hold both ACEYX and CN in my portfolio?

ACEYX and CN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.