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AH50.L vs. FXC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AH50.L vs. FXC.L

Last updated Jun 5, 2026

AH50.L (Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D) and FXC.L (iShares China Large Cap UCITS) are both China Equities funds tracking the MSCI China NR USD, from Xtrackers and iShares respectively. Both are passively managed. Over the past 10 years, AH50.L returned 7.74%/yr vs 3.68%/yr for FXC.L. Their correlation of 0.81 suggests significant overlap in exposure. AH50.L charges 0.65%/yr vs 0.74%/yr for FXC.L.

Performance

AH50.L vs. FXC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D (AH50.L) and iShares China Large Cap UCITS (FXC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AH50.L is traded in USD, while FXC.L is traded in GBp. To make them comparable, the FXC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AH50.L achieves a 12.41% return, which is significantly higher than FXC.L's -7.07% return. Over the past 10 years, AH50.L has outperformed FXC.L with an annualized return of 7.74%, while FXC.L has yielded a comparatively lower 3.68% annualized return.

AH50.L

1D
-0.30%
1M
1.76%
YTD
12.41%
6M
17.72%
1Y
34.29%
3Y*
16.08%
5Y*
0.20%
10Y*
7.74%

FXC.L

1D
-0.08%
1M
-2.62%
YTD
-7.07%
6M
-8.17%
1Y
1.01%
3Y*
12.80%
5Y*
-2.43%
10Y*
3.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AH50.L vs. FXC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AH50.L
Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D		12.41%26.76%17.77%-13.04%-21.01%-6.02%28.04%34.30%-21.35%34.04%
FXC.L
iShares China Large Cap UCITS		-7.07%29.59%31.55%-13.53%-20.23%-19.62%10.91%14.58%-11.52%35.93%

Correlation

The correlation between AH50.L and FXC.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2016

0.81

The correlation between AH50.L and FXC.L shifts across timeframes, from 0.66 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.

AH50.L vs. FXC.L - Sectors Allocation Comparison

Sectors
AH50.L
FXC.L

Technology

27.6%
5.4%

Industrials

20.4%
3.1%

Basic Materials

14.3%
4.1%

Financial Services

11.4%
34.7%

Consumer Cyclical

7.5%
26.6%

Healthcare

6.1%
2.3%

Consumer Defensive

5.3%
0.9%

Energy

2.6%
5.2%

Utilities

2.4%
0.4%

Communication Services

1.8%
16.2%

Real Estate

0.7%
1.1%

Technology

AH50.L
27.6%
FXC.L
5.4%

Industrials

AH50.L
20.4%
FXC.L
3.1%

Basic Materials

AH50.L
14.3%
FXC.L
4.1%

Financial Services

AH50.L
11.4%
FXC.L
34.7%

Consumer Cyclical

AH50.L
7.5%
FXC.L
26.6%

Healthcare

AH50.L
6.1%
FXC.L
2.3%

Consumer Defensive

AH50.L
5.3%
FXC.L
0.9%

Energy

AH50.L
2.6%
FXC.L
5.2%

Utilities

AH50.L
2.4%
FXC.L
0.4%

Communication Services

AH50.L
1.8%
FXC.L
16.2%

Real Estate

AH50.L
0.7%
FXC.L
1.1%

Compare stocks, funds, or ETFs

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Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D

iShares China Large Cap UCITS

Often compared with AH50.L:
AH50.L vs. CA3S.LAH50.L vs. CM5S.LAH50.L vs. CHIN.LAH50.L vs. XCX6.LAH50.L vs. HMCT.LAH50.L vs. JRCE.LAH50.L vs. IASH.L
Often compared with FXC.L:
FXC.L vs. KWEB.LFXC.L vs. FRCH.LFXC.L vs. XCX6.LFXC.L vs. ASIL.LFXC.L vs. IWDA.LFXC.L vs. CSPX.LFXC.L vs. IWDA.AS

Return for Risk

AH50.L vs. FXC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AH50.L
AH50.L Risk / Return Rank: 6363
Overall Rank
AH50.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
AH50.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
AH50.L Omega Ratio Rank: 5656
Omega Ratio Rank
AH50.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
AH50.L Martin Ratio Rank: 6969
Martin Ratio Rank
FXC.L
FXC.L Risk / Return Rank: 1010
Overall Rank
FXC.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
FXC.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
FXC.L Omega Ratio Rank: 1010
Omega Ratio Rank
FXC.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
FXC.L Martin Ratio Rank: 1010
Martin Ratio Rank
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.

AH50.L vs. FXC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D (AH50.L) and iShares China Large Cap UCITS (FXC.L). 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.

AH50.LFXC.LDifference
Sharpe ratioReturn per unit of total volatility
1.89
0.05

+1.84

Sortino ratioReturn per unit of downside risk
2.58
0.21

+2.37

Omega ratioGain probability vs. loss probability

1.34

1.02

+0.32

Calmar ratioReturn relative to maximum drawdown

4.11

0.06

+4.05

Martin ratioReturn relative to average drawdown

12.57

0.14

+12.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AH50.L vs. FXC.L - Sharpe Ratio Comparison

The current AH50.L Sharpe Ratio is 1.89, which is higher than the FXC.L Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of AH50.L and FXC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AH50.LFXC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

0.05

+1.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

-0.08

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

0.14

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.07

+0.26

Drawdowns

AH50.L vs. FXC.L - Drawdown Comparison

The maximum AH50.L drawdown since its inception was -50.58%, smaller than the maximum FXC.L drawdown of -70.48%. Use the drawdown chart below to compare losses from any high point for AH50.L and FXC.L.

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Drawdown Indicators

AH50.LFXC.LDifference

Max Drawdown

Largest peak-to-trough decline

-50.58%

-70.48%

+19.90%

Max Drawdown (1Y)

Largest decline over 1 year

-8.30%

-15.73%

+7.43%

Max Drawdown (3Y)

Largest decline over 3 years

-25.95%

-28.24%

+2.29%

Max Drawdown (5Y)

Largest decline over 5 years

-45.27%

-54.09%

+8.82%

Max Drawdown (10Y)

Largest decline over 10 years

-50.58%

-60.20%

+9.62%

Current Drawdown

Current decline from peak

-8.78%

-24.27%

+15.49%

Average Drawdown

Average peak-to-trough decline

-21.40%

-31.12%

+9.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

7.37%

-4.65%

Volatility

AH50.L vs. FXC.L - Volatility Comparison

The current volatility for Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D (AH50.L) is 6.50%, while iShares China Large Cap UCITS (FXC.L) has a volatility of 7.40%. This indicates that AH50.L experiences smaller price fluctuations and is considered to be less risky than FXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AH50.LFXC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.50%

7.40%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

13.07%

13.62%

-0.55%

Volatility (1Y)

Calculated over the trailing 1-year period

18.04%

18.91%

-0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.33%

29.86%

-5.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.38%

26.08%

-2.70%

AH50.L vs. FXC.L - Expense Ratio Comparison

AH50.L has a 0.65% expense ratio, which is lower than FXC.L's 0.74% expense ratio.

Dividends

AH50.L vs. FXC.L - Dividend Comparison

AH50.L's dividend yield for the trailing twelve months is around 2.08%, less than FXC.L's 2.58% yield.

PositionTTM20252024202320222021202020192018201720162015
AH50.L
Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D		2.08%2.79%2.37%2.72%3.00%1.78%1.57%0.00%0.00%0.00%0.00%0.00%
FXC.L
iShares China Large Cap UCITS		2.58%2.37%2.99%3.10%2.85%2.51%3.26%3.22%3.89%3.18%3.04%4.00%

Frequently Asked Questions

AH50.L and FXC.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AH50.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AH50.L is cheaper with a 0.65% expense ratio, compared with 0.74% for FXC.L.

Both ETFs track MSCI China NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for AH50.L and 0.74% for FXC.L.

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