CHILX vs. CNYA
CHILX (BlackRock China A Opportunities Fund) and CNYA (iShares MSCI China A ETF) are both China Equities funds. Over the past 5 years, CHILX returned 1.60%/yr vs -0.49%/yr for CNYA. Their correlation of 0.91 suggests significant overlap in exposure. CHILX charges 0.99%/yr vs 0.60%/yr for CNYA.
Performance
CHILX vs. CNYA - Performance Comparison
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Returns By Period
In the year-to-date period, CHILX achieves a 17.87% return, which is significantly higher than CNYA's 8.91% return.
CHILX
- 1D
- 2.74%
- 1M
- 5.58%
- YTD
- 17.87%
- 6M
- 18.62%
- 1Y
- 45.73%
- 3Y*
- 15.83%
- 5Y*
- 1.60%
- 10Y*
- —
CNYA
- 1D
- -2.87%
- 1M
- 1.73%
- YTD
- 8.91%
- 6M
- 9.76%
- 1Y
- 36.56%
- 3Y*
- 12.14%
- 5Y*
- -0.49%
- 10Y*
- 6.50%
CHILX vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CHILX BlackRock China A Opportunities Fund | 17.87% | 26.30% | 15.44% | -12.29% | -28.54% | 3.54% | 48.69% | 48.44% |
CNYA iShares MSCI China A ETF | 8.91% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 36.82% |
Correlation
The correlation between CHILX and CNYA is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019 | 0.91 |
The correlation between CHILX and CNYA has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
CHILX vs. CNYA — Risk / Return Rank
CHILX
CNYA
CHILX vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock China A Opportunities Fund (CHILX) 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.
| CHILX | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.49 | 4.84 | +0.65 |
| Martin ratioReturn relative to average drawdown | 16.75 | 13.30 | +3.45 |
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Drawdowns
CHILX vs. CNYA - Drawdown Comparison
The maximum CHILX drawdown since its inception was -47.73%, roughly equal to the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for CHILX and CNYA.
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Drawdown Indicators
| CHILX | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.73% | -49.49% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -7.59% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -22.59% | -33.35% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -43.88% | -44.65% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.49% | — |
Current DrawdownCurrent decline from peak | -1.39% | -13.73% | +12.34% |
Average DrawdownAverage peak-to-trough decline | -20.36% | -20.65% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.76% | +0.03% |
Volatility
CHILX vs. CNYA - Volatility Comparison
BlackRock China A Opportunities Fund (CHILX) and iShares MSCI China A ETF (CNYA) have volatilities of 7.62% and 7.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHILX | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 7.35% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 13.56% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 18.32% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 23.91% | -3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 23.52% | -1.63% |
CHILX vs. CNYA - Expense Ratio Comparison
CHILX has a 0.99% expense ratio, which is higher than CNYA's 0.60% expense ratio.
Dividends
CHILX vs. CNYA - Dividend Comparison
CHILX's dividend yield for the trailing twelve months is around 2.49%, more than CNYA's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CHILX BlackRock China A Opportunities Fund | 2.49% | 2.94% | 2.11% | 2.02% | 0.92% | 1.19% | 3.64% | 12.77% | 0.00% | 0.00% | 0.00% |
CNYA iShares MSCI China A ETF | 1.73% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
Frequently Asked Questions
With a correlation of 0.93, CHILX and CNYA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CHILX has higher volatility (7.62%) compared to CNYA (7.35%). In terms of maximum drawdown, CHILX dropped -47.73% vs CNYA's -49.49%.
CHILX currently has the higher Sharpe Ratio (2.66 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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