C500.L vs. CEMA.L
C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) and CEMA.L (iShares MSCI EM Asia UCITS ETF USD Acc) are both exchange-traded funds - C500.L is a China Equities fund tracking the S&P China A MidCap 500 Index, while CEMA.L is a Asia Pacific Equities fund tracking the MSCI EM Asia Index Net. Both are passively managed. Over the past 3 years, C500.L returned 3.42%/yr vs 21.86%/yr for CEMA.L. At a 0.48 correlation, their price movements are largely independent. C500.L charges 0.35%/yr vs 0.20%/yr for CEMA.L.
Performance
C500.L vs. CEMA.L - Performance Comparison
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Returns By Period
C500.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 3.42%
- 5Y*
- —
- 10Y*
- —
CEMA.L
- 1D
- -0.48%
- 1M
- -7.06%
- 6M
- 16.81%
- YTD
- 22.45%
- 1Y
- 40.02%
- 3Y*
- 21.86%
- 5Y*
- 7.43%
- 10Y*
- 10.13%
C500.L vs. CEMA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
C500.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc | 0.00% | 6.99% | 12.50% | -9.06% | 11.25% |
CEMA.L iShares MSCI EM Asia UCITS ETF USD Acc | 22.45% | 33.97% | 12.43% | 6.65% | -4.67% |
Correlation
The correlation between C500.L and CEMA.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.48 |
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Return for Risk
C500.L vs. CEMA.L — Risk / Return Rank
C500.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CEMA.L
C500.L vs. CEMA.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 iShares MSCI EM Asia UCITS ETF USD Acc (CEMA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| C500.L | CEMA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.89 | — |
| Martin ratioReturn relative to average drawdown | — | 9.20 | — |
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Drawdowns
C500.L vs. CEMA.L - Drawdown Comparison
The maximum C500.L drawdown since its inception was -35.90%, smaller than the maximum CEMA.L drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for C500.L and CEMA.L.
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Drawdown Indicators
| C500.L | CEMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -45.51% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -13.77% | +13.77% |
Max Drawdown (3Y)Largest decline over 3 years | -27.05% | -19.95% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.51% | — |
Current DrawdownCurrent decline from peak | -11.28% | -9.59% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -14.01% | -14.52% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.34% | -4.34% |
Volatility
C500.L vs. CEMA.L - Volatility Comparison
The current volatility for Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) is 0.00%, while iShares MSCI EM Asia UCITS ETF USD Acc (CEMA.L) has a volatility of 10.19%. This indicates that C500.L experiences smaller price fluctuations and is considered to be less risky than CEMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| C500.L | CEMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 10.19% | -10.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 21.60% | -21.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 23.77% | -23.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 20.87% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 20.15% | +3.36% |
C500.L vs. CEMA.L - Expense Ratio Comparison
C500.L has a 0.35% expense ratio, which is higher than CEMA.L's 0.20% expense ratio.
Dividends
C500.L vs. CEMA.L - Dividend Comparison
Neither C500.L nor CEMA.L has paid dividends to shareholders.
Frequently Asked Questions
C500.L and CEMA.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for C500.L.
C500.L is categorized as China Equities, while CEMA.L is Asia Pacific Equities. C500.L tracks S&P China A MidCap 500 Index, while CEMA.L tracks MSCI EM Asia Index Net. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for C500.L and 0.20% for CEMA.L.
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