C024.DE vs. EL46.DE
C024.DE (Amundi MSCI China A II UCITS ETF Dist) and EL46.DE (Deka MSCI China ex A Shares UCITS ETF) are both China Equities funds - C024.DE tracks the MSCI China A while EL46.DE tracks the MSCI China ex A Shares. Both are passively managed. Over the past 10 years, C024.DE returned 7.12%/yr vs 3.87%/yr for EL46.DE. A 0.64 correlation means they provide meaningful diversification when combined. C024.DE charges 0.25%/yr vs 0.66%/yr for EL46.DE.
Performance
C024.DE vs. EL46.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 EL46.DE's -10.01% return. Over the past 10 years, C024.DE has outperformed EL46.DE with an annualized return of 7.12%, while EL46.DE has yielded a comparatively lower 3.87% annualized return.
C024.DE
- 1D
- -0.65%
- 1M
- 2.07%
- YTD
- 12.05%
- 6M
- 16.25%
- 1Y
- 40.47%
- 3Y*
- 12.08%
- 5Y*
- 0.57%
- 10Y*
- 7.12%
EL46.DE
- 1D
- -0.11%
- 1M
- -3.80%
- YTD
- -10.01%
- 6M
- -12.17%
- 1Y
- -2.40%
- 3Y*
- 6.90%
- 5Y*
- -5.27%
- 10Y*
- 3.87%
C024.DE vs. EL46.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 12.05% | 14.97% | 22.87% | -17.78% | -16.12% | 3.37% | 21.54% | 40.72% | -22.27% | 23.87% |
EL46.DE Deka MSCI China ex A Shares UCITS ETF | -10.01% | 17.77% | 27.71% | -14.54% | -13.52% | -21.82% | 14.00% | 27.42% | -16.05% | 34.69% |
Correlation
The correlation between C024.DE and EL46.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2013 | 0.64 |
The correlation between C024.DE and EL46.DE shifts across timeframes, from 0.54 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
C024.DE vs. EL46.DE — Risk / Return Rank
C024.DE
EL46.DE
C024.DE vs. EL46.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 Deka MSCI China ex A Shares UCITS ETF (EL46.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 | EL46.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.94 | -0.11 | +6.05 |
| Martin ratioReturn relative to average drawdown | 18.19 | -0.24 | +18.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| C024.DE | EL46.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | -0.12 | +2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.17 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.14 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.12 | +0.18 |
Drawdowns
C024.DE vs. EL46.DE - Drawdown Comparison
The maximum C024.DE drawdown since its inception was -49.68%, smaller than the maximum EL46.DE drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for C024.DE and EL46.DE.
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Drawdown Indicators
| C024.DE | EL46.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.68% | -58.21% | +8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -21.01% | +14.23% |
Max Drawdown (3Y)Largest decline over 3 years | -25.82% | -25.65% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -40.47% | -51.07% | +10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -47.10% | -58.21% | +11.11% |
Current DrawdownCurrent decline from peak | -8.55% | -36.65% | +28.10% |
Average DrawdownAverage peak-to-trough decline | -24.80% | -22.26% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 9.96% | -7.74% |
Volatility
C024.DE vs. EL46.DE - Volatility Comparison
The current volatility for Amundi MSCI China A II UCITS ETF Dist (C024.DE) is 5.71%, while Deka MSCI China ex A Shares UCITS ETF (EL46.DE) has a volatility of 8.28%. This indicates that C024.DE experiences smaller price fluctuations and is considered to be less risky than EL46.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 | EL46.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 8.28% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 15.15% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 19.97% | -4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 31.36% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 27.53% | -3.19% |
C024.DE vs. EL46.DE - Expense Ratio Comparison
C024.DE has a 0.25% expense ratio, which is lower than EL46.DE's 0.66% expense ratio.
Dividends
C024.DE vs. EL46.DE - Dividend Comparison
C024.DE's dividend yield for the trailing twelve months is around 1.69%, more than EL46.DE's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
EL46.DE Deka MSCI China ex A Shares UCITS ETF | 1.52% | 1.43% | 2.06% | 2.03% | 1.78% | 1.22% | 0.86% | 1.26% | 1.62% | 0.94% | 1.98% | 2.32% |
Frequently Asked Questions
C024.DE and EL46.DE have a correlation of 0.54, 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 0.66% for EL46.DE.
C024.DE tracks MSCI China A, while EL46.DE tracks MSCI China ex A Shares. They also come from different issuers: Amundi and Deka Investment GmbH. Their fees differ too: 0.25% for C024.DE and 0.66% for EL46.DE.
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