CEBG.L vs. HMCT.L
CEBG.L (VanEck New China ESG UCITS ETF A) and HMCT.L (HSBC MSCI CHINA A UCITS ETF) are both China Equities funds - CEBG.L tracks the MSCI China NR USD while HMCT.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, CEBG.L returned 0.68%/yr vs 12.12%/yr for HMCT.L. Their correlation of 0.82 suggests significant overlap in exposure. CEBG.L charges 0.60%/yr vs 0.30%/yr for HMCT.L.
Performance
CEBG.L vs. HMCT.L - Performance Comparison
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Different Trading Currencies
CEBG.L is traded in GBP, while HMCT.L is traded in USD. To make them comparable, the HMCT.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEBG.L achieves a -5.78% return, which is significantly lower than HMCT.L's 14.79% return.
CEBG.L
- 1D
- 0.00%
- 1M
- -3.54%
- YTD
- -5.78%
- 6M
- -6.28%
- 1Y
- 6.18%
- 3Y*
- 0.68%
- 5Y*
- —
- 10Y*
- —
HMCT.L
- 1D
- 2.25%
- 1M
- 4.53%
- YTD
- 14.79%
- 6M
- 15.27%
- 1Y
- 41.90%
- 3Y*
- 12.12%
- 5Y*
- 1.52%
- 10Y*
- —
CEBG.L vs. HMCT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CEBG.L VanEck New China ESG UCITS ETF A | -5.78% | 15.45% | 1.26% | -14.25% | -19.48% | -21.21% |
HMCT.L HSBC MSCI CHINA A UCITS ETF | 14.79% | 16.94% | 13.69% | -18.19% | -17.08% | 5.67% |
Correlation
The correlation between CEBG.L and HMCT.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.82 |
The correlation between CEBG.L and HMCT.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
CEBG.L vs. HMCT.L — Risk / Return Rank
CEBG.L
HMCT.L
CEBG.L vs. HMCT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck New China ESG UCITS ETF A (CEBG.L) and HSBC MSCI CHINA A UCITS ETF (HMCT.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.
| CEBG.L | HMCT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.45 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 6.08 | -5.64 |
| Martin ratioReturn relative to average drawdown | 0.93 | 16.19 | -15.25 |
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Drawdowns
CEBG.L vs. HMCT.L - Drawdown Comparison
The maximum CEBG.L drawdown since its inception was -57.08%, which is greater than HMCT.L's maximum drawdown of -44.20%. Use the drawdown chart below to compare losses from any high point for CEBG.L and HMCT.L.
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Drawdown Indicators
| CEBG.L | HMCT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -44.20% | -12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -7.15% | -6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -29.32% | -26.40% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.60% | — |
Current DrawdownCurrent decline from peak | -40.55% | -5.27% | -35.28% |
Average DrawdownAverage peak-to-trough decline | -39.55% | -17.82% | -21.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 2.69% | +3.95% |
Volatility
CEBG.L vs. HMCT.L - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CEBG.L) is 3.61%, while HSBC MSCI CHINA A UCITS ETF (HMCT.L) has a volatility of 5.98%. This indicates that CEBG.L experiences smaller price fluctuations and is considered to be less risky than HMCT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBG.L | HMCT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 5.98% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 12.26% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 17.03% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 21.58% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.10% | 23.17% | +3.93% |
CEBG.L vs. HMCT.L - Expense Ratio Comparison
CEBG.L has a 0.60% expense ratio, which is higher than HMCT.L's 0.30% expense ratio.
Dividends
CEBG.L vs. HMCT.L - Dividend Comparison
CEBG.L has not paid dividends to shareholders, while HMCT.L's dividend yield for the trailing twelve months is around 1.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CEBG.L VanEck New China ESG UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMCT.L HSBC MSCI CHINA A UCITS ETF | 1.61% | 1.73% | 2.03% | 2.16% | 1.69% | 1.12% | 0.84% | 1.71% | 0.29% |
Frequently Asked Questions
CEBG.L and HMCT.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMCT.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMCT.L is cheaper with a 0.30% expense ratio, compared with 0.60% for CEBG.L.
CEBG.L tracks MSCI China NR USD, while HMCT.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: VanEck and HSBC. Their fees differ too: 0.60% for CEBG.L and 0.30% for HMCT.L.
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