CA3S.L vs. CM5S.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (CM5S.L).

CA3S.L and CM5S.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CA3S.L is a passively managed fund by Invesco that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on May 5, 2022. CM5S.L is a passively managed fund by Invesco that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on May 5, 2022. Both CA3S.L and CM5S.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CA3S.L vs. CM5S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (CM5S.L). The values are adjusted to include any dividend payments, if applicable.

CA3S.L vs. CM5S.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CA3S.L Invesco S&P China A 300 Swap UCITS ETF Acc	3.07%	24.66%	16.66%	-16.63%	3.94%
CM5S.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc	6.85%	42.07%	14.29%	-14.04%	13.69%

Returns By Period

In the year-to-date period, CA3S.L achieves a 3.07% return, which is significantly lower than CM5S.L's 6.85% return.

CA3S.L

• 1D: 0.64%
• 1M: -2.26%
• YTD: 3.07%
• 6M: 6.38%
• 1Y: 31.18%
• 3Y*: 6.65%
• 5Y*: —
• 10Y*: —

CM5S.L

• 1D: 0.62%
• 1M: -7.61%
• YTD: 6.85%
• 6M: 12.92%
• 1Y: 45.78%
• 3Y*: 12.43%
• 5Y*: —
• 10Y*: —

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

CA3S.L vs. CM5S.L - Expense Ratio Comparison

Both CA3S.L and CM5S.L have an expense ratio of 0.35%.

CA3S.L

Invesco S&P China A 300 Swap UCITS ETF Acc

CM5S.L

Invesco S&P China A MidCap 500 Swap UCITS ETF Acc

Return for Risk

CA3S.L vs. CM5S.L — Risk / Return Rank

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

CA3S.L

CA3S.L Risk / Return Rank: 88
CA3S.L Sharpe Ratio Rank: 86
CA3S.L Sortino Ratio Rank: 85
CA3S.L Omega Ratio Rank: 82
CA3S.L Calmar Ratio Rank: 95
CA3S.L Martin Ratio Rank: 90

CM5S.L

CM5S.L Risk / Return Rank: 90
CM5S.L Sharpe Ratio Rank: 91
CM5S.L Sortino Ratio Rank: 89
CM5S.L Omega Ratio Rank: 87
CM5S.L Calmar Ratio Rank: 91
CM5S.L Martin Ratio Rank: 91

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.

CA3S.L vs. CM5S.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (CM5S.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.

	CA3S.L	CM5S.L	Difference
Sharpe ratio Return per unit of total volatility	1.86	2.11	-0.26
Sortino ratio Return per unit of downside risk	2.39	2.61	-0.22
Omega ratio Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio Return relative to maximum drawdown	4.33	3.56	+0.77
Martin ratio Return relative to average drawdown	13.02	13.50	-0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CA3S.L vs. CM5S.L - Sharpe Ratio Comparison

The current CA3S.L Sharpe Ratio is 1.86, which is comparable to the CM5S.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of CA3S.L and CM5S.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CA3S.L	CM5S.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.11	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.57	-0.25

Correlation

The correlation between CA3S.L and CM5S.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CA3S.L vs. CM5S.L - Dividend Comparison

Neither CA3S.L nor CM5S.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CA3S.L vs. CM5S.L - Drawdown Comparison

The maximum CA3S.L drawdown since its inception was -35.12%, smaller than the maximum CM5S.L drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for CA3S.L and CM5S.L.

Drawdown Indicators

	CA3S.L	CM5S.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-38.57%	+3.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-12.93%	+3.16%
Current Drawdown Current decline from peak	-3.43%	-8.36%	+4.93%
Average Drawdown Average peak-to-trough decline	-16.12%	-13.90%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	3.41%	-0.97%

Volatility

CA3S.L vs. CM5S.L - Volatility Comparison

The current volatility for Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.L) is 5.08%, while Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (CM5S.L) has a volatility of 6.99%. This indicates that CA3S.L experiences smaller price fluctuations and is considered to be less risky than CM5S.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CA3S.L	CM5S.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	6.99%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	15.68%	-4.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	21.57%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.13%	25.18%	-4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	25.18%	-4.05%