CE2D.L vs. CNYA

Last updated Jun 26, 2026

CE2D.L (Amundi Index MSCI Europe UCITS ETF DR EUR (D)) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - CE2D.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, CE2D.L returned 10.25%/yr vs 0.61%/yr for CNYA. At a 0.24 correlation, their price movements are largely independent. CE2D.L charges 0.15%/yr vs 0.60%/yr for CNYA.

Performance

CE2D.L vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index MSCI Europe UCITS ETF DR EUR (D) (CE2D.L) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CE2D.L is traded in GBp, while CNYA is traded in USD. To make them comparable, the CNYA values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CE2D.L achieves a 9.28% return, which is significantly lower than CNYA's 13.22% return.

CE2D.L

• 1D: 0.73%
• 1M: 2.01%
• YTD: 9.28%
• 6M: 9.76%
• 1Y: 23.59%
• 3Y*: 15.40%
• 5Y*: 10.25%
• 10Y*: —

CNYA

• 1D: 1.69%
• 1M: 3.74%
• YTD: 13.22%
• 6M: 13.96%
• 1Y: 40.08%
• 3Y*: 11.70%
• 5Y*: 0.61%
• 10Y*: 6.77%

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

CE2D.L vs. CNYA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CE2D.L Amundi Index MSCI Europe UCITS ETF DR EUR (D)	9.28%	25.78%	3.75%	13.16%	-3.54%	17.17%	2.21%	19.65%	-2.69%
CNYA iShares MSCI China A ETF	13.22%	17.47%	12.72%	-18.07%	-17.77%	4.52%	37.38%	30.77%	-5.66%

Correlation

The correlation between CE2D.L and CNYA is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 20, 2018	0.24

The correlation between CE2D.L and CNYA shifts across timeframes, from 0.16 (5 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.

CE2D.L vs. CNYA - Sectors Allocation Comparison

Sectors	CE2D.L	CNYA
Financial Services	23.3%	17.6%
Industrials	19.4%	15.4%
Healthcare	13.3%	3.9%
Technology	10.0%	31.7%
Consumer Defensive	8.3%	6.8%
Consumer Cyclical	6.6%	5.2%
Energy	5.2%	3.1%
Basic Materials	4.9%	11.2%
Utilities	4.5%	3.3%
Communication Services	3.8%	1.3%
Real Estate	0.8%	0.6%

Return for Risk

CE2D.L vs. CNYA — Risk / Return Rank

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

CE2D.L

CE2D.L Risk / Return Rank: 62
CE2D.L Sharpe Ratio Rank: 68
CE2D.L Sortino Ratio Rank: 68
CE2D.L Omega Ratio Rank: 71
CE2D.L Calmar Ratio Rank: 51
CE2D.L Martin Ratio Rank: 52

CNYA

CNYA Risk / Return Rank: 74
CNYA Sharpe Ratio Rank: 70
CNYA Sortino Ratio Rank: 67
CNYA Omega Ratio Rank: 67
CNYA Calmar Ratio Rank: 89
CNYA Martin Ratio Rank: 77

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.

CE2D.L vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Europe UCITS ETF DR EUR (D) (CE2D.L) 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.

	CE2D.L	CNYA	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.31	-0.37
Sortino ratio: Return per unit of downside risk	2.72	3.11	-0.39
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.24	5.68	-3.44
Martin ratio: Return relative to average drawdown	7.94	15.14	-7.20

CE2D.L vs. CNYA - Sharpe Ratio Comparison

The current CE2D.L Sharpe Ratio is 1.94, which is comparable to the CNYA Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of CE2D.L and CNYA, 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

CE2D.L vs. CNYA - Drawdown Comparison

The maximum CE2D.L drawdown since its inception was -28.51%, smaller than the maximum CNYA drawdown of -44.85%. Use the drawdown chart below to compare losses from any high point for CE2D.L and CNYA.

Drawdown Indicators

	CE2D.L	CNYA	Difference
Max Drawdown Largest peak-to-trough decline	-28.51%	-44.85%	+16.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-7.08%	-3.40%
Max Drawdown (3Y) Largest decline over 3 years	-12.91%	-31.48%	+18.57%
Max Drawdown (5Y) Largest decline over 5 years	-15.74%	-42.38%	+26.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.85%	—
Current Drawdown Current decline from peak	-0.11%	-7.70%	+7.59%
Average Drawdown Average peak-to-trough decline	-3.86%	-16.41%	+12.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.66%	+0.30%

Volatility

CE2D.L vs. CNYA - Volatility Comparison

The current volatility for Amundi Index MSCI Europe UCITS ETF DR EUR (D) (CE2D.L) is 2.89%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.75%. This indicates that CE2D.L experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CE2D.L	CNYA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	6.75%	-3.86%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	12.57%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	17.44%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	22.80%	-8.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	23.21%	-7.70%

CE2D.L vs. CNYA - Expense Ratio Comparison

CE2D.L has a 0.15% expense ratio, which is lower than CNYA's 0.60% expense ratio.

Dividends

CE2D.L vs. CNYA - Dividend Comparison

CE2D.L's dividend yield for the trailing twelve months is around 2.31%, more than CNYA's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CE2D.L Amundi Index MSCI Europe UCITS ETF DR EUR (D)	2.31%	2.52%	2.79%	2.74%	2.96%	2.20%	2.07%	3.22%	3.11%	0.00%	0.00%
CNYA iShares MSCI China A ETF	1.69%	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 CE2D.L and CNYA in my portfolio?

CE2D.L and CNYA have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CE2D.L or CNYA?

On fees, CE2D.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CE2D.L or CNYA?

CE2D.L is cheaper with a 0.15% expense ratio, compared with 0.60% for CNYA.

What is the main difference between CE2D.L and CNYA?

CE2D.L is categorized as Europe Equities, while CNYA is China Equities. CE2D.L tracks MSCI Europe NR EUR, while CNYA tracks MSCI China A Inclusion Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for CE2D.L and 0.60% for CNYA.