CC1U.L vs. CNSG.L

Last updated Jul 16, 2026

CC1U.L (Amundi MSCI China UCITS ETF-C USD) and CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) are both China Equities funds tracking the MSCI China NR USD, from Amundi and UBS respectively. Both are passively managed. Over the past 5 years, CC1U.L returned 0.09%/yr vs -4.26%/yr for CNSG.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

CC1U.L vs. CNSG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI China UCITS ETF-C USD (CC1U.L) and UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CC1U.L is traded in USD, while CNSG.L is traded in GBp. To make them comparable, the CNSG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CC1U.L achieves a -7.55% return, which is significantly lower than CNSG.L's -5.46% return.

CC1U.L

• 1D: 0.79%
• 1M: -6.87%
• 6M: -13.68%
• YTD: -7.55%
• 1Y: 10.82%
• 3Y*: 1.83%
• 5Y*: 0.09%
• 10Y*: —

CNSG.L

• 1D: 2.17%
• 1M: -1.30%
• 6M: -9.04%
• YTD: -5.46%
• 1Y: -1.44%
• 3Y*: 7.93%
• 5Y*: -4.26%
• 10Y*: —

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

CC1U.L vs. CNSG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CC1U.L Amundi MSCI China UCITS ETF-C USD	-7.55%	39.49%	1.53%	-11.33%	-9.32%	-3.10%	-1.85%	2.97%
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis	-5.46%	27.10%	18.51%	-14.21%	-21.64%	-18.15%	30.89%	-12.14%

Correlation

The correlation between CC1U.L and CNSG.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.79

The correlation between CC1U.L and CNSG.L has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

CC1U.L vs. CNSG.L — Risk / Return Rank

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

CC1U.L

CC1U.L Risk / Return Rank: 17
CC1U.L Sharpe Ratio Rank: 17
CC1U.L Sortino Ratio Rank: 17
CC1U.L Omega Ratio Rank: 17
CC1U.L Calmar Ratio Rank: 17
CC1U.L Martin Ratio Rank: 16

CNSG.L

CNSG.L Risk / Return Rank: 8
CNSG.L Sharpe Ratio Rank: 8
CNSG.L Sortino Ratio Rank: 7
CNSG.L Omega Ratio Rank: 7
CNSG.L Calmar Ratio Rank: 8
CNSG.L Martin Ratio Rank: 8

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.

CC1U.L vs. CNSG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China UCITS ETF-C USD (CC1U.L) and UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.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.

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.

	CC1U.L	CNSG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.45	-0.08	+0.53
Sortino ratio: Return per unit of downside risk	0.78	0.01	+0.77
Omega ratio: Gain probability vs. loss probability	1.09	1.00	+0.09
Calmar ratio: Return relative to maximum drawdown	0.58	-0.08	+0.66
Martin ratio: Return relative to average drawdown	1.22	-0.18	+1.41

CC1U.L vs. CNSG.L - Sharpe Ratio Comparison

The current CC1U.L Sharpe Ratio is 0.45, which is higher than the CNSG.L Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of CC1U.L and CNSG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CC1U.L vs. CNSG.L - Drawdown Comparison

The maximum CC1U.L drawdown since its inception was -45.32%, smaller than the maximum CNSG.L drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for CC1U.L and CNSG.L.

Drawdown Indicators

	CC1U.L	CNSG.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.32%	-59.96%	+14.64%
Max Drawdown (1Y) Largest decline over 1 year	-18.53%	-18.02%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-29.05%	-10.62%
Max Drawdown (5Y) Largest decline over 5 years	-42.25%	-51.47%	+9.22%
Current Drawdown Current decline from peak	-16.97%	-33.64%	+16.67%
Average Drawdown Average peak-to-trough decline	-16.00%	-32.70%	+16.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.81%	7.93%	+0.88%

Volatility

CC1U.L vs. CNSG.L - Volatility Comparison

Amundi MSCI China UCITS ETF-C USD (CC1U.L) has a higher volatility of 7.42% compared to UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) at 5.80%. This indicates that CC1U.L's price experiences larger fluctuations and is considered to be riskier than CNSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CC1U.L	CNSG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	5.80%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	16.80%	13.38%	+3.42%
Volatility (1Y) Calculated over the trailing 1-year period	24.00%	17.95%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.34%	28.74%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	27.57%	-2.11%

CC1U.L vs. CNSG.L - Expense Ratio Comparison

Both CC1U.L and CNSG.L have an expense ratio of 0.45%.

Dividends

CC1U.L vs. CNSG.L - Dividend Comparison

CC1U.L has not paid dividends to shareholders, while CNSG.L's dividend yield for the trailing twelve months is around 2.68%.

Position	TTM	2025	2024	2023	2022	2021	2020
CC1U.L Amundi MSCI China UCITS ETF-C USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis	2.68%	2.57%	0.85%	2.00%	1.80%	1.35%	0.74%

Frequently Asked Questions

Can I hold both CC1U.L and CNSG.L in my portfolio?

CC1U.L and CNSG.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CC1U.L or CNSG.L?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CC1U.L or CNSG.L?

CC1U.L and CNSG.L have the same expense ratio: 0.45% per year.

What is the main difference between CC1U.L and CNSG.L?

Both ETFs track MSCI China NR USD. They also come from different issuers: Amundi and UBS.