CAF vs. CHILX
Compare and contrast key facts about Morgan Stanley China A Share Fund (CAF) and BlackRock China A Opportunities Fund (CHILX).
CAF is an actively managed fund by Morgan Stanley. It was launched on Jul 6, 2006. CHILX is managed by BlackRock. It was launched on Dec 26, 2018.
Performance
CAF vs. CHILX - Performance Comparison
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CAF vs. CHILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CAF Morgan Stanley China A Share Fund | 0.81% | 41.51% | 0.34% | -9.39% | -30.41% | -1.77% | 12.74% | 26.48% |
CHILX BlackRock China A Opportunities Fund | -1.01% | 26.30% | 15.44% | -12.29% | -28.54% | 3.54% | 48.69% | 48.44% |
Returns By Period
In the year-to-date period, CAF achieves a 0.81% return, which is significantly higher than CHILX's -1.01% return.
CAF
- 1D
- 3.67%
- 1M
- -4.11%
- YTD
- 0.81%
- 6M
- 6.75%
- 1Y
- 35.89%
- 3Y*
- 8.65%
- 5Y*
- -3.03%
- 10Y*
- 4.78%
CHILX
- 1D
- 0.19%
- 1M
- -6.92%
- YTD
- -1.01%
- 6M
- 0.83%
- 1Y
- 21.38%
- 3Y*
- 5.90%
- 5Y*
- -0.68%
- 10Y*
- —
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CAF vs. CHILX - Expense Ratio Comparison
CAF has a 1.67% expense ratio, which is higher than CHILX's 0.99% expense ratio.
Return for Risk
CAF vs. CHILX — Risk / Return Rank
CAF
CHILX
CAF vs. CHILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley China A Share Fund (CAF) and BlackRock China A Opportunities Fund (CHILX). 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.
| CAF | CHILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.23 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.66 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.59 | +1.43 |
Martin ratioReturn relative to average drawdown | 10.31 | 6.36 | +3.95 |
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
| CAF | CHILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.23 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | -0.03 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.48 | -0.22 |
Correlation
The correlation between CAF and CHILX is 0.72, 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
CAF vs. CHILX - Dividend Comparison
CAF's dividend yield for the trailing twelve months is around 1.50%, less than CHILX's 2.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAF Morgan Stanley China A Share Fund | 1.50% | 1.51% | 2.63% | 0.96% | 0.02% | 6.57% | 10.40% | 3.78% | 9.48% | 5.20% | 4.69% | 67.03% |
CHILX BlackRock China A Opportunities Fund | 2.97% | 2.94% | 2.11% | 2.02% | 0.92% | 1.19% | 3.64% | 12.77% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CAF vs. CHILX - Drawdown Comparison
The maximum CAF drawdown since its inception was -65.88%, which is greater than CHILX's maximum drawdown of -47.73%. Use the drawdown chart below to compare losses from any high point for CAF and CHILX.
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Drawdown Indicators
| CAF | CHILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.88% | -47.73% | -18.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -11.64% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -49.01% | -43.95% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -49.01% | — | — |
Current DrawdownCurrent decline from peak | -17.42% | -17.18% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -26.05% | -20.75% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.15% | +0.34% |
Volatility
CAF vs. CHILX - Volatility Comparison
Morgan Stanley China A Share Fund (CAF) has a higher volatility of 6.54% compared to BlackRock China A Opportunities Fund (CHILX) at 5.58%. This indicates that CAF's price experiences larger fluctuations and is considered to be riskier than CHILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAF | CHILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 5.58% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 11.40% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 17.24% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 20.15% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 21.87% | +0.03% |