C500.L vs. CC1U.L

Last updated Jun 5, 2026

C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) and CC1U.L (Amundi MSCI China UCITS ETF-C USD) are both China Equities funds - C500.L tracks the S&P China A MidCap 500 Index while CC1U.L tracks the MSCI China NR USD. Both are passively managed. Over the past 3 years, C500.L returned 23.01%/yr vs 6.80%/yr for CC1U.L. At a 0.47 correlation, their price movements are largely independent. C500.L charges 0.35%/yr vs 0.45%/yr for CC1U.L.

Performance

C500.L vs. CC1U.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) and Amundi MSCI China UCITS ETF-C USD (CC1U.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, C500.L achieves a 19.14% return, which is significantly higher than CC1U.L's 0.83% return.

C500.L

• 1D: -0.02%
• 1M: 1.34%
• YTD: 19.14%
• 6M: 28.67%
• 1Y: 69.56%
• 3Y*: 23.01%
• 5Y*: —
• 10Y*: —

CC1U.L

• 1D: -1.55%
• 1M: -1.37%
• YTD: 0.83%
• 6M: 1.62%
• 1Y: 31.67%
• 3Y*: 6.80%
• 5Y*: 0.89%
• 10Y*: 4.02%

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

C500.L vs. CC1U.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
C500.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc	19.14%	46.93%	20.08%	-11.13%	-7.65%
CC1U.L Amundi MSCI China UCITS ETF-C USD	0.83%	39.49%	1.53%	-11.33%	-6.46%

Correlation

The correlation between C500.L and CC1U.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022	0.47

Over the past year, C500.L and CC1U.L have become more correlated (0.86) than their long-term average of 0.47, meaning their price movements have been converging.

Return for Risk

C500.L vs. CC1U.L — Risk / Return Rank

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

C500.L

C500.L Risk / Return Rank: 88
C500.L Sharpe Ratio Rank: 91
C500.L Sortino Ratio Rank: 87
C500.L Omega Ratio Rank: 86
C500.L Calmar Ratio Rank: 89
C500.L Martin Ratio Rank: 89

CC1U.L

CC1U.L Risk / Return Rank: 37
CC1U.L Sharpe Ratio Rank: 39
CC1U.L Sortino Ratio Rank: 38
CC1U.L Omega Ratio Rank: 37
CC1U.L Calmar Ratio Rank: 40
CC1U.L Martin Ratio Rank: 30

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.

C500.L vs. CC1U.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) and Amundi MSCI China UCITS ETF-C USD (CC1U.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.

	C500.L	CC1U.L	Difference
Sharpe ratio: Return per unit of total volatility	3.16	1.37	+1.79
Sortino ratio: Return per unit of downside risk	3.87	1.94	+1.93
Omega ratio: Gain probability vs. loss probability	1.51	1.24	+0.27
Calmar ratio: Return relative to maximum drawdown	5.17	1.94	+3.23
Martin ratio: Return relative to average drawdown	19.74	4.31	+15.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

C500.L vs. CC1U.L - Sharpe Ratio Comparison

The current C500.L Sharpe Ratio is 3.16, which is higher than the CC1U.L Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of C500.L and CC1U.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.

Sharpe Ratios by Period

	C500.L	CC1U.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	1.37	+1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.18	+0.72

Drawdowns

C500.L vs. CC1U.L - Drawdown Comparison

The maximum C500.L drawdown since its inception was -30.23%, smaller than the maximum CC1U.L drawdown of -51.06%. Use the drawdown chart below to compare losses from any high point for C500.L and CC1U.L.

Drawdown Indicators

	C500.L	CC1U.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.23%	-51.06%	+20.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.39%	-16.29%	+2.90%
Max Drawdown (3Y) Largest decline over 3 years	-23.63%	-39.24%	+15.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.06%	—
Current Drawdown Current decline from peak	-5.00%	-10.25%	+5.25%
Average Drawdown Average peak-to-trough decline	-7.35%	-22.27%	+14.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	7.32%	-3.81%

Volatility

C500.L vs. CC1U.L - Volatility Comparison

The current volatility for Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) is 7.15%, while Amundi MSCI China UCITS ETF-C USD (CC1U.L) has a volatility of 7.86%. This indicates that C500.L experiences smaller price fluctuations and is considered to be less risky than CC1U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	C500.L	CC1U.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	7.86%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	16.80%	15.58%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.93%	23.09%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.09%	26.95%	+12.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.09%	24.25%	+14.84%

C500.L vs. CC1U.L - Expense Ratio Comparison

C500.L has a 0.35% expense ratio, which is lower than CC1U.L's 0.45% expense ratio.

Dividends

C500.L vs. CC1U.L - Dividend Comparison

Neither C500.L nor CC1U.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both C500.L and CC1U.L in my portfolio?

C500.L and CC1U.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, C500.L or CC1U.L?

On fees, C500.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, C500.L or CC1U.L?

C500.L is cheaper with a 0.35% expense ratio, compared with 0.45% for CC1U.L.

What is the main difference between C500.L and CC1U.L?

C500.L tracks S&P China A MidCap 500 Index, while CC1U.L tracks MSCI China NR USD. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.35% for C500.L and 0.45% for CC1U.L.