CAS vs. CNYA

Last updated Jul 14, 2026

CAS (Simplify China A Shares PLUS Income ETF) and CNYA (iShares MSCI China A ETF) are both China Equities funds. CAS is actively managed, while CNYA is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.60%/yr for CNYA.

Performance

CAS vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -4.63%
• 1M: -2.07%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNYA

• 1D: -3.04%
• 1M: -3.13%
• 6M: -1.30%
• YTD: 3.41%
• 1Y: 24.47%
• 3Y*: 9.03%
• 5Y*: -1.52%
• 10Y*: 5.28%

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

CAS vs. CNYA - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-5.99%
CNYA iShares MSCI China A ETF	-4.51%

Correlation

The correlation between CAS and CNYA is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.93

CAS vs. CNYA - Sectors Allocation Comparison

Sectors	CAS	CNYA
Financial Services	40.5%	17.6%
Basic Materials	-	11.2%
Communication Services	-	1.3%
Consumer Cyclical	-	5.2%
Consumer Defensive	-	6.8%
Energy	-	3.1%
Healthcare	-	3.9%
Industrials	-	15.4%
Real Estate	-	0.6%
Technology	-	31.7%
Utilities	-	3.3%

Return for Risk

CAS vs. CNYA — Risk / Return Rank

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

CAS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CNYA

CNYA Risk / Return Rank: 54
CNYA Sharpe Ratio Rank: 45
CNYA Sortino Ratio Rank: 43
CNYA Omega Ratio Rank: 45
CNYA Calmar Ratio Rank: 77
CNYA Martin Ratio Rank: 60

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.

CAS vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and iShares MSCI China A ETF (CNYA). 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.

	CAS	CNYA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.27	—
Sortino ratio: Return per unit of downside risk	—	1.80	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	3.16	—
Martin ratio: Return relative to average drawdown	—	8.38	—

Drawdowns

CAS vs. CNYA - Drawdown Comparison

The maximum CAS drawdown since its inception was -9.35%, smaller than the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for CAS and CNYA.

Drawdown Indicators

	CAS	CNYA	Difference
Max Drawdown Largest peak-to-trough decline	-9.35%	-49.49%	+40.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.49%	—
Current Drawdown Current decline from peak	-9.35%	-18.08%	+8.73%
Average Drawdown Average peak-to-trough decline	-3.11%	-20.62%	+17.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.93%	—

Volatility

Volatility by Period

	CAS	CNYA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.32%	19.41%	+12.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.32%	24.02%	+8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.32%	23.59%	+8.73%

CAS vs. CNYA - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is higher than CNYA's 0.60% expense ratio.

Dividends

CAS vs. CNYA - Dividend Comparison

CAS's dividend yield for the trailing twelve months is around 0.38%, less than CNYA's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CAS Simplify China A Shares PLUS Income ETF	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNYA iShares MSCI China A ETF	1.82%	1.92%	2.51%	4.23%	2.69%	1.11%	1.06%	1.21%	3.92%	0.97%	1.38%

Frequently Asked Questions

Can I hold both CAS and CNYA in my portfolio?

With a correlation of 0.93, CAS and CNYA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CAS or CNYA?

On fees, CNYA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or CNYA?

CNYA is cheaper with a 0.60% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, CAS or CNYA?

CNYA has the higher dividend yield at 1.82%, compared with 0.38% for CAS.

What is the main difference between CAS and CNYA?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.88% for CAS and 0.60% for CNYA.