C024.DE vs. XCHA.DE

Last updated Jun 5, 2026

C024.DE (Amundi MSCI China A II UCITS ETF Dist) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds - C024.DE tracks the MSCI China A while XCHA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, C024.DE returned 7.12%/yr vs 9.08%/yr for XCHA.DE. Their correlation of 0.86 suggests significant overlap in exposure. C024.DE charges 0.25%/yr vs 0.50%/yr for XCHA.DE.

Performance

C024.DE vs. XCHA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI China A II UCITS ETF Dist (C024.DE) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with C024.DE having a 12.05% return and XCHA.DE slightly higher at 12.47%. Over the past 10 years, C024.DE has underperformed XCHA.DE with an annualized return of 7.12%, while XCHA.DE has yielded a comparatively higher 9.08% annualized 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%

XCHA.DE

• 1D: -0.47%
• 1M: 2.18%
• YTD: 12.47%
• 6M: 14.40%
• 1Y: 39.55%
• 3Y*: 12.45%
• 5Y*: 3.01%
• 10Y*: 9.08%

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

C024.DE vs. XCHA.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%
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C	12.47%	14.69%	24.35%	-14.26%	-19.18%	13.33%	31.24%	44.98%	-21.84%	18.89%

Correlation

The correlation between C024.DE and XCHA.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 11, 2013	0.86

The correlation between C024.DE and XCHA.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

C024.DE vs. XCHA.DE — Risk / Return Rank

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

C024.DE

C024.DE Risk / Return Rank: 83
C024.DE Sharpe Ratio Rank: 82
C024.DE Sortino Ratio Rank: 80
C024.DE Omega Ratio Rank: 77
C024.DE Calmar Ratio Rank: 91
C024.DE Martin Ratio Rank: 87

XCHA.DE

XCHA.DE Risk / Return Rank: 48
XCHA.DE Sharpe Ratio Rank: 43
XCHA.DE Sortino Ratio Rank: 46
XCHA.DE Omega Ratio Rank: 71
XCHA.DE Calmar Ratio Rank: 49
XCHA.DE Martin Ratio Rank: 32

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.

C024.DE vs. XCHA.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 Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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	XCHA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.48	+1.13
Sortino ratio: Return per unit of downside risk	3.52	2.26	+1.26
Omega ratio: Gain probability vs. loss probability	1.45	1.41	+0.04
Calmar ratio: Return relative to maximum drawdown	5.94	2.38	+3.56
Martin ratio: Return relative to average drawdown	18.19	4.62	+13.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

C024.DE vs. XCHA.DE - Sharpe Ratio Comparison

The current C024.DE Sharpe Ratio is 2.60, which is higher than the XCHA.DE Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of C024.DE and XCHA.DE, 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

	C024.DE	XCHA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.48	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.13	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.39	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.31	-0.01

Drawdowns

C024.DE vs. XCHA.DE - Drawdown Comparison

The maximum C024.DE drawdown since its inception was -49.68%, roughly equal to the maximum XCHA.DE drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for C024.DE and XCHA.DE.

Drawdown Indicators

	C024.DE	XCHA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.68%	-52.27%	+2.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-16.43%	+9.65%
Max Drawdown (3Y) Largest decline over 3 years	-25.82%	-26.32%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-40.46%	-37.07%	-3.39%
Max Drawdown (10Y) Largest decline over 10 years	-47.10%	-38.55%	-8.55%
Current Drawdown Current decline from peak	-8.55%	-1.81%	-6.74%
Average Drawdown Average peak-to-trough decline	-24.80%	-22.73%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	8.48%	-6.26%

Volatility

C024.DE vs. XCHA.DE - Volatility Comparison

Amundi MSCI China A II UCITS ETF Dist (C024.DE) has a higher volatility of 5.71% compared to Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) at 5.10%. This indicates that C024.DE's price experiences larger fluctuations and is considered to be riskier than XCHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	C024.DE	XCHA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	5.10%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	10.37%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	26.51%	-11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	23.27%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.34%	23.20%	+1.14%

C024.DE vs. XCHA.DE - Expense Ratio Comparison

C024.DE has a 0.25% expense ratio, which is lower than XCHA.DE's 0.50% expense ratio.

Dividends

C024.DE vs. XCHA.DE - Dividend Comparison

C024.DE's dividend yield for the trailing twelve months is around 1.69%, while XCHA.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%
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both C024.DE and XCHA.DE in my portfolio?

With a correlation of 0.92, C024.DE and XCHA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, C024.DE or XCHA.DE?

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.

Which ETF is cheaper, C024.DE or XCHA.DE?

C024.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for XCHA.DE.

What is the main difference between C024.DE and XCHA.DE?

C024.DE tracks MSCI China A, while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.25% for C024.DE and 0.50% for XCHA.DE.