CC1U.L vs. IASH.L

Last updated Jun 26, 2026

CC1U.L (Amundi MSCI China UCITS ETF-C USD) and IASH.L (iShares MSCI China A UCITS USD) are both China Equities funds - CC1U.L tracks the MSCI China NR USD while IASH.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, CC1U.L returned -0.24%/yr vs -0.26%/yr for IASH.L. A 0.74 correlation means they provide meaningful diversification when combined. CC1U.L charges 0.45%/yr vs 0.40%/yr for IASH.L.

Performance

CC1U.L vs. IASH.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 iShares MSCI China A UCITS USD (IASH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CC1U.L is traded in USD, while IASH.L is traded in GBp. To make them comparable, the IASH.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 -4.94% return, which is significantly lower than IASH.L's 11.63% return.

CC1U.L

• 1D: -0.46%
• 1M: -6.79%
• YTD: -4.94%
• 6M: -5.30%
• 1Y: 19.79%
• 3Y*: 4.10%
• 5Y*: -0.24%
• 10Y*: —

IASH.L

• 1D: 1.73%
• 1M: 1.81%
• YTD: 11.63%
• 6M: 12.28%
• 1Y: 35.95%
• 3Y*: 13.52%
• 5Y*: -0.26%
• 10Y*: 6.90%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CC1U.L Amundi MSCI China UCITS ETF-C USD	-4.94%	39.49%	1.53%	-11.33%	-9.32%	-3.10%	-1.85%	12.90%	-13.77%
IASH.L iShares MSCI China A UCITS USD	11.63%	26.55%	11.04%	-14.55%	-26.12%	3.53%	41.86%	35.42%	-21.58%

Correlation

The correlation between CC1U.L and IASH.L is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.74

The correlation between CC1U.L and IASH.L has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

CC1U.L vs. IASH.L - Sectors Allocation Comparison

Sectors	CC1U.L	IASH.L
Technology	29.6%	31.8%
Consumer Cyclical	20.7%	5.2%
Industrials	13.4%	15.5%
Basic Materials	13.0%	11.2%
Communication Services	10.0%	1.3%
Healthcare	6.6%	4.0%
Utilities	3.4%	3.3%
Real Estate	1.5%	0.5%
Financial Services	1.3%	17.5%
Consumer Defensive	0.5%	6.7%
Energy	-	3.1%

Return for Risk

CC1U.L vs. IASH.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: 24
CC1U.L Sharpe Ratio Rank: 25
CC1U.L Sortino Ratio Rank: 24
CC1U.L Omega Ratio Rank: 24
CC1U.L Calmar Ratio Rank: 26
CC1U.L Martin Ratio Rank: 22

IASH.L

IASH.L Risk / Return Rank: 87
IASH.L Sharpe Ratio Rank: 87
IASH.L Sortino Ratio Rank: 85
IASH.L Omega Ratio Rank: 84
IASH.L Calmar Ratio Rank: 94
IASH.L Martin Ratio Rank: 86

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. IASH.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 iShares MSCI China A UCITS USD (IASH.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	IASH.L	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.08	-1.24
Sortino ratio: Return per unit of downside risk	1.28	2.86	-1.58
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.21	4.74	-3.53
Martin ratio: Return relative to average drawdown	2.48	13.08	-10.59

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

The current CC1U.L Sharpe Ratio is 0.84, which is lower than the IASH.L Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of CC1U.L and IASH.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. IASH.L - Drawdown Comparison

The maximum CC1U.L drawdown since its inception was -45.32%, smaller than the maximum IASH.L drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for CC1U.L and IASH.L.

Drawdown Indicators

	CC1U.L	IASH.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.32%	-59.92%	+14.60%
Max Drawdown (1Y) Largest decline over 1 year	-16.29%	-7.55%	-8.74%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-29.65%	-10.02%
Max Drawdown (5Y) Largest decline over 5 years	-42.86%	-44.66%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.34%	—
Current Drawdown Current decline from peak	-14.63%	-17.10%	+2.47%
Average Drawdown Average peak-to-trough decline	-16.00%	-40.10%	+24.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.95%	2.74%	+5.21%

Volatility

CC1U.L vs. IASH.L - Volatility Comparison

Amundi MSCI China UCITS ETF-C USD (CC1U.L) has a higher volatility of 7.33% compared to iShares MSCI China A UCITS USD (IASH.L) at 6.59%. This indicates that CC1U.L's price experiences larger fluctuations and is considered to be riskier than IASH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CC1U.L	IASH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	6.59%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	16.47%	12.63%	+3.84%
Volatility (1Y) Calculated over the trailing 1-year period	23.39%	17.27%	+6.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.27%	26.20%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.45%	24.49%	+0.96%

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

CC1U.L has a 0.45% expense ratio, which is higher than IASH.L's 0.40% expense ratio.

Dividends

CC1U.L vs. IASH.L - Dividend Comparison

Neither CC1U.L nor IASH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

CC1U.L and IASH.L have a correlation of 0.84, 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 IASH.L?

On fees, IASH.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

IASH.L is cheaper with a 0.40% expense ratio, compared with 0.45% for CC1U.L.

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

CC1U.L tracks MSCI China NR USD, while IASH.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.45% for CC1U.L and 0.40% for IASH.L.