C024.DE vs. CNIE.DE
C024.DE (Amundi MSCI China A II UCITS ETF Dist) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - C024.DE tracks the MSCI China A while CNIE.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, C024.DE returned 12.08%/yr vs -0.19%/yr for CNIE.DE. A 0.79 correlation means they provide meaningful diversification when combined. C024.DE charges 0.25%/yr vs 0.60%/yr for CNIE.DE.
Performance
C024.DE vs. CNIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, C024.DE achieves a 12.05% return, which is significantly higher than CNIE.DE's -3.41% return.
C024.DE
- 1D
- -0.65%
- 1M
- 0.73%
- YTD
- 12.05%
- 6M
- 14.60%
- 1Y
- 39.67%
- 3Y*
- 12.08%
- 5Y*
- 0.57%
- 10Y*
- 7.12%
CNIE.DE
- 1D
- -0.76%
- 1M
- -2.69%
- YTD
- -3.41%
- 6M
- -4.66%
- 1Y
- 6.66%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
C024.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 12.05% | 14.97% | 22.87% | -17.78% | -16.12% | 6.80% |
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -22.84% | 8.74% |
Correlation
The correlation between C024.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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.79 |
The correlation between C024.DE and CNIE.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
C024.DE vs. CNIE.DE — Risk / Return Rank
C024.DE
CNIE.DE
C024.DE vs. CNIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China A II UCITS ETF Dist (C024.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.
| C024.DE | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.08 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 5.94 | 0.53 | +5.41 |
| Martin ratioReturn relative to average drawdown | 18.19 | 1.17 | +17.02 |
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
| C024.DE | CNIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 0.42 | +2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.16 | +0.46 |
Drawdowns
C024.DE vs. CNIE.DE - Drawdown Comparison
The maximum C024.DE drawdown since its inception was -49.68%, which is greater than CNIE.DE's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for C024.DE and CNIE.DE.
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Drawdown Indicators
| C024.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.68% | -45.69% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -12.45% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.82% | -29.20% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -40.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.10% | — | — |
Current DrawdownCurrent decline from peak | -8.55% | -25.25% | +16.70% |
Average DrawdownAverage peak-to-trough decline | -24.80% | -24.67% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 5.70% | -3.48% |
Volatility
C024.DE vs. CNIE.DE - Volatility Comparison
Amundi MSCI China A II UCITS ETF Dist (C024.DE) has a higher volatility of 5.71% compared to VanEck New China ESG UCITS ETF A (CNIE.DE) at 4.49%. This indicates that C024.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
| C024.DE | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 4.49% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 10.68% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 16.04% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 24.27% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 24.27% | +0.07% |
C024.DE vs. CNIE.DE - Expense Ratio Comparison
C024.DE has a 0.25% expense ratio, which is lower than CNIE.DE's 0.60% expense ratio.
Dividends
C024.DE vs. CNIE.DE - Dividend Comparison
C024.DE's dividend yield for the trailing twelve months is around 1.69%, while CNIE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 1.69% | 1.89% | 2.19% | 1.98% | 1.34% | 1.23% | 1.42% | 1.88% | 2.49% |
CNIE.DE VanEck New China ESG UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
C024.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, C024.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
C024.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for CNIE.DE.
C024.DE tracks MSCI China A, while CNIE.DE tracks MarketGrader New China ESG. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.25% for C024.DE and 0.60% for CNIE.DE.
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