CGRO vs. CN

Last updated Jun 5, 2026

CGRO (CoreValues Alpha Greater China Growth ETF) and CN (Xtrackers MSCI All China Equity ETF) are both China Equities funds. CGRO is actively managed, while CN is passively managed. At a 0.31 correlation, their price movements are largely independent. CGRO charges 0.75%/yr vs 0.50%/yr for CN.

Performance

CGRO vs. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoreValues Alpha Greater China Growth ETF (CGRO) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CGRO

• 1D: -0.69%
• 1M: -6.61%
• YTD: -15.64%
• 6M: -16.66%
• 1Y: -12.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGRO vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGRO CoreValues Alpha Greater China Growth ETF	-15.64%	20.23%	14.75%	2.03%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-2.57%

Correlation

The correlation between CGRO and CN is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023	0.31

CGRO vs. CN - Sectors Allocation Comparison

Sectors	CGRO	CN
Consumer Cyclical	43.9%	5.4%
Industrials	15.6%	1.0%
Technology	14.8%	0.3%
Communication Services	13.3%	0.4%
Healthcare	5.7%	0.8%
Financial Services	3.3%	55.1%
Consumer Defensive	2.3%	0.3%
Real Estate	1.1%	0.8%
Basic Materials	-	0.6%
Energy	-	0.9%
Utilities	-	0.2%

Return for Risk

CGRO vs. CN — Risk / Return Rank

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

CGRO

CGRO Risk / Return Rank: 5
CGRO Sharpe Ratio Rank: 4
CGRO Sortino Ratio Rank: 4
CGRO Omega Ratio Rank: 5
CGRO Calmar Ratio Rank: 5
CGRO Martin Ratio Rank: 5

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.

CGRO vs. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) and Xtrackers MSCI All China Equity ETF (CN). 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.

	CGRO	CN	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	—	—
Sortino ratio: Return per unit of downside risk	-0.66	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.44	—	—
Martin ratio: Return relative to average drawdown	-0.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CGRO	CN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Drawdowns

Drawdown Indicators

	CGRO	CN	Difference
Max Drawdown Largest peak-to-trough decline	-27.90%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.90%	—	—
Current Drawdown Current decline from peak	-27.90%	—	—
Average Drawdown Average peak-to-trough decline	-10.25%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	14.67%	—	—

Volatility

Volatility by Period

	CGRO	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.97%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.97%	—	—

CGRO vs. CN - Expense Ratio Comparison

CGRO has a 0.75% expense ratio, which is higher than CN's 0.50% expense ratio.

Dividends

CGRO vs. CN - Dividend Comparison

CGRO's dividend yield for the trailing twelve months is around 3.32%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGRO CoreValues Alpha Greater China Growth ETF	3.32%	2.48%	2.47%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%

Frequently Asked Questions

Can I hold both CGRO and CN in my portfolio?

CGRO and CN have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGRO or CN?

On fees, CN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGRO or CN?

CN is cheaper with a 0.50% expense ratio, compared with 0.75% for CGRO.

Which ETF pays a higher dividend yield, CGRO or CN?

CGRO has the higher dividend yield at 3.32%, compared with 0.00% for CN.

What is the main difference between CGRO and CN?

They also come from different issuers: CoreValues Alpha and Deutsche Bank. Their fees differ too: 0.75% for CGRO and 0.50% for CN.