ALAU.L vs. CNYA

Last updated Jun 5, 2026

ALAU.L (Amundi MSCI Em Latin America) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - ALAU.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, ALAU.L returned 9.93%/yr vs -1.13%/yr for CNYA. At a 0.13 correlation, their price movements are largely independent. ALAU.L charges 0.10%/yr vs 0.60%/yr for CNYA.

Performance

ALAU.L vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI Em Latin America (ALAU.L) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALAU.L achieves a 10.04% return, which is significantly higher than CNYA's 8.91% return.

ALAU.L

• 1D: -0.62%
• 1M: -7.64%
• YTD: 10.04%
• 6M: 8.67%
• 1Y: 37.31%
• 3Y*: 14.13%
• 5Y*: 9.93%
• 10Y*: 7.95%

CNYA

• 1D: -0.36%
• 1M: 1.89%
• YTD: 8.91%
• 6M: 13.45%
• 1Y: 36.38%
• 3Y*: 11.15%
• 5Y*: -1.13%
• 10Y*: —

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

ALAU.L vs. CNYA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALAU.L Amundi MSCI Em Latin America	10.04%	54.14%	-26.41%	31.12%	13.78%	-9.59%	-8.76%	9.52%	-8.57%	24.51%
CNYA iShares MSCI China A ETF	8.91%	26.48%	10.78%	-13.76%	-26.51%	3.53%	41.54%	35.95%	-26.56%	30.99%

Correlation

The correlation between ALAU.L and CNYA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016	0.13

Over the past year, ALAU.L and CNYA have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.

ALAU.L vs. CNYA - Sectors Allocation Comparison

Sectors	ALAU.L	CNYA
Financial Services	30.3%	17.0%
Basic Materials	19.7%	10.6%
Energy	11.7%	3.2%
Industrials	10.8%	18.3%
Consumer Defensive	9.9%	6.7%
Utilities	8.5%	3.2%
Communication Services	4.0%	0.6%
Consumer Cyclical	1.6%	5.7%
Real Estate	1.6%	0.7%
Healthcare	1.4%	3.8%
Technology	0.7%	30.0%

Return for Risk

ALAU.L vs. CNYA — Risk / Return Rank

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

ALAU.L

ALAU.L Risk / Return Rank: 55
ALAU.L Sharpe Ratio Rank: 55
ALAU.L Sortino Ratio Rank: 54
ALAU.L Omega Ratio Rank: 52
ALAU.L Calmar Ratio Rank: 64
ALAU.L Martin Ratio Rank: 52

CNYA

CNYA Risk / Return Rank: 71
CNYA Sharpe Ratio Rank: 65
CNYA Sortino Ratio Rank: 64
CNYA Omega Ratio Rank: 64
CNYA Calmar Ratio Rank: 86
CNYA Martin Ratio Rank: 75

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.

ALAU.L vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America (ALAU.L) and iShares MSCI China A ETF (CNYA). 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.

	ALAU.L	CNYA	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.11	-0.27
Sortino ratio: Return per unit of downside risk	2.55	2.92	-0.37
Omega ratio: Gain probability vs. loss probability	1.32	1.38	-0.06
Calmar ratio: Return relative to maximum drawdown	3.12	4.81	-1.69
Martin ratio: Return relative to average drawdown	8.71	14.19	-5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALAU.L vs. CNYA - Sharpe Ratio Comparison

The current ALAU.L Sharpe Ratio is 1.85, which is comparable to the CNYA Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of ALAU.L and CNYA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALAU.L	CNYA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.11	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	-0.05	+0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.27	+0.20

Drawdowns

ALAU.L vs. CNYA - Drawdown Comparison

The maximum ALAU.L drawdown since its inception was -51.94%, roughly equal to the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for ALAU.L and CNYA.

Drawdown Indicators

	ALAU.L	CNYA	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-49.49%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-7.59%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-27.25%	-33.35%	+6.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.25%	-44.70%	+17.45%
Max Drawdown (10Y) Largest decline over 10 years	-51.94%	—	—
Current Drawdown Current decline from peak	-11.90%	-13.73%	+1.83%
Average Drawdown Average peak-to-trough decline	-11.55%	-20.68%	+9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	2.57%	+1.70%

Volatility

ALAU.L vs. CNYA - Volatility Comparison

The current volatility for Amundi MSCI Em Latin America (ALAU.L) is 5.96%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.44%. This indicates that ALAU.L experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAU.L	CNYA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	6.44%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	17.19%	12.23%	+4.96%
Volatility (1Y) Calculated over the trailing 1-year period	20.13%	17.31%	+2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.18%	23.80%	+6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.65%	23.55%	+22.10%

ALAU.L vs. CNYA - Expense Ratio Comparison

ALAU.L has a 0.10% expense ratio, which is lower than CNYA's 0.60% expense ratio.

Dividends

ALAU.L vs. CNYA - Dividend Comparison

ALAU.L has not paid dividends to shareholders, while CNYA's dividend yield for the trailing twelve months is around 1.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ALAU.L Amundi MSCI Em Latin America	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNYA iShares MSCI China A ETF	1.76%	1.92%	2.51%	4.23%	2.69%	1.11%	1.06%	1.21%	3.92%	0.97%	1.38%

Frequently Asked Questions

Can I hold both ALAU.L and CNYA in my portfolio?

ALAU.L and CNYA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALAU.L or CNYA?

On fees, ALAU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALAU.L or CNYA?

ALAU.L is cheaper with a 0.10% expense ratio, compared with 0.60% for CNYA.

What is the main difference between ALAU.L and CNYA?

ALAU.L is categorized as Latin America Equities, while CNYA is China Equities. ALAU.L tracks MSCI EM Latin America NR USD, while CNYA tracks MSCI China A Inclusion Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for ALAU.L and 0.60% for CNYA.