C500.L vs. CNEG.L
C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) and CNEG.L (Amundi MSCI China ESG Leaders Select UCITS ETF DR (C)) are both China Equities funds - C500.L tracks the S&P China A MidCap 500 Index while CNEG.L tracks the MSCI China NR USD. Both are passively managed. Over the past 3 years, C500.L returned 23.01%/yr vs 6.97%/yr for CNEG.L. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
C500.L vs. CNEG.L - Performance Comparison
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Different Trading Currencies
C500.L is traded in USD, while CNEG.L is traded in GBp. To make them comparable, the CNEG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, C500.L achieves a 19.14% return, which is significantly higher than CNEG.L's -9.11% return.
C500.L
- 1D
- -0.02%
- 1M
- 1.34%
- YTD
- 19.14%
- 6M
- 28.67%
- 1Y
- 69.56%
- 3Y*
- 23.01%
- 5Y*
- —
- 10Y*
- —
CNEG.L
- 1D
- -0.34%
- 1M
- -1.29%
- YTD
- -9.11%
- 6M
- -9.64%
- 1Y
- 2.33%
- 3Y*
- 6.97%
- 5Y*
- —
- 10Y*
- —
C500.L vs. CNEG.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% |
CNEG.L Amundi MSCI China ESG Leaders Select UCITS ETF DR (C) | -9.11% | 33.25% | 9.72% | -10.50% | -12.55% |
Correlation
The correlation between C500.L and CNEG.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.34 |
Over the past year, C500.L and CNEG.L have become more correlated (0.58) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
C500.L vs. CNEG.L — Risk / Return Rank
C500.L
CNEG.L
C500.L vs. CNEG.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 ESG Leaders Select UCITS ETF DR (C) (CNEG.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 | CNEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.03 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 0.11 | +5.06 |
| Martin ratioReturn relative to average drawdown | 19.74 | 0.22 | +19.52 |
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
| C500.L | CNEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.16 | 0.11 | +3.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | -0.15 | +1.05 |
Drawdowns
C500.L vs. CNEG.L - Drawdown Comparison
The maximum C500.L drawdown since its inception was -30.23%, smaller than the maximum CNEG.L drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for C500.L and CNEG.L.
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Drawdown Indicators
| C500.L | CNEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -51.41% | +21.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -20.75% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -27.83% | +4.20% |
Current DrawdownCurrent decline from peak | -5.00% | -22.82% | +17.82% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -29.97% | +22.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 10.53% | -7.02% |
Volatility
C500.L vs. CNEG.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 ESG Leaders Select UCITS ETF DR (C) (CNEG.L) has a volatility of 8.57%. This indicates that C500.L experiences smaller price fluctuations and is considered to be less risky than CNEG.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 | CNEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 8.57% | -1.42% |
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% | 21.51% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.09% | 33.16% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.09% | 33.16% | +5.93% |
C500.L vs. CNEG.L - Expense Ratio Comparison
Both C500.L and CNEG.L have an expense ratio of 0.35%.
Dividends
C500.L vs. CNEG.L - Dividend Comparison
Neither C500.L nor CNEG.L has paid dividends to shareholders.
Frequently Asked Questions
C500.L and CNEG.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
C500.L and CNEG.L have the same expense ratio: 0.35% per year.
C500.L tracks S&P China A MidCap 500 Index, while CNEG.L tracks MSCI China NR USD. They also come from different issuers: Invesco and Amundi.
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