CBUK.DE vs. TCHI
CBUK.DE (iShares MSCI China Tech UCITS ETF USD Acc) and TCHI (iShares MSCI China Multisector Tech ETF) are both Technology Equities funds from iShares - CBUK.DE tracks the MSCI China Technology Sub-Industries ESG Screened Select Capped while TCHI tracks the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, CBUK.DE returned 12.31%/yr vs 14.29%/yr for TCHI. Their correlation of 0.86 suggests significant overlap in exposure. CBUK.DE charges 0.45%/yr vs 0.59%/yr for TCHI.
Performance
CBUK.DE vs. TCHI - Performance Comparison
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Different Trading Currencies
CBUK.DE is traded in EUR, while TCHI is traded in USD. To make them comparable, the TCHI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUK.DE achieves a 0.40% return, which is significantly lower than TCHI's 12.61% return.
CBUK.DE
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.40%
- 6M
- 1.88%
- 1Y
- 16.62%
- 3Y*
- 12.31%
- 5Y*
- —
- 10Y*
- —
TCHI
- 1D
- -2.37%
- 1M
- 2.44%
- YTD
- 12.61%
- 6M
- 11.42%
- 1Y
- 35.74%
- 3Y*
- 14.29%
- 5Y*
- —
- 10Y*
- —
CBUK.DE vs. TCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 0.40% | 21.05% | 18.05% | -9.04% | -2.05% |
TCHI iShares MSCI China Multisector Tech ETF | 12.61% | 17.33% | 16.30% | -8.44% | -4.02% |
Correlation
The correlation between CBUK.DE and TCHI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.86 |
The correlation between CBUK.DE and TCHI has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
CBUK.DE vs. TCHI — Risk / Return Rank
CBUK.DE
TCHI
CBUK.DE vs. TCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) and iShares MSCI China Multisector Tech ETF (TCHI). 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.
| CBUK.DE | TCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.81 | -1.12 |
| Martin ratioReturn relative to average drawdown | 1.36 | 3.89 | -2.53 |
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Drawdowns
CBUK.DE vs. TCHI - Drawdown Comparison
The maximum CBUK.DE drawdown since its inception was -37.29%, roughly equal to the maximum TCHI drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for CBUK.DE and TCHI.
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Drawdown Indicators
| CBUK.DE | TCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -38.15% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -19.72% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -30.08% | +1.54% |
Current DrawdownCurrent decline from peak | -13.29% | -2.51% | -10.78% |
Average DrawdownAverage peak-to-trough decline | -16.23% | -18.20% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 9.16% | +3.04% |
Volatility
CBUK.DE vs. TCHI - Volatility Comparison
The current volatility for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) is 7.62%, while iShares MSCI China Multisector Tech ETF (TCHI) has a volatility of 9.01%. This indicates that CBUK.DE experiences smaller price fluctuations and is considered to be less risky than TCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUK.DE | TCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 9.01% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 18.72% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 25.97% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.46% | 33.33% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.46% | 33.33% | -1.87% |
CBUK.DE vs. TCHI - Expense Ratio Comparison
CBUK.DE has a 0.45% expense ratio, which is lower than TCHI's 0.59% expense ratio.
Dividends
CBUK.DE vs. TCHI - Dividend Comparison
CBUK.DE has not paid dividends to shareholders, while TCHI's dividend yield for the trailing twelve months is around 2.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TCHI iShares MSCI China Multisector Tech ETF | 2.12% | 2.44% | 2.49% | 4.28% | 1.07% |
Frequently Asked Questions
CBUK.DE and TCHI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUK.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUK.DE is cheaper with a 0.45% expense ratio, compared with 0.59% for TCHI.
CBUK.DE tracks MSCI China Technology Sub-Industries ESG Screened Select Capped, while TCHI tracks MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net. Their fees differ too: 0.45% for CBUK.DE and 0.59% for TCHI.
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