CHIN.DE vs. AAAU
CHIN.DE (KraneShares ICBCCS S&P China 500 Index UCITS ETF USD) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - CHIN.DE is a China Equities fund tracking the S&P China 500 Index, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past year, CHIN.DE returned 26.49% vs 31.32% for AAAU. At a 0.12 correlation, their price movements are largely independent. CHIN.DE charges 0.55%/yr vs 0.18%/yr for AAAU.
Performance
CHIN.DE vs. AAAU - Performance Comparison
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Different Trading Currencies
CHIN.DE is traded in EUR, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHIN.DE achieves a 6.22% return, which is significantly higher than AAAU's 5.01% return.
CHIN.DE
- 1D
- -0.55%
- 1M
- -0.17%
- YTD
- 6.22%
- 6M
- 6.27%
- 1Y
- 26.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAAU
- 1D
- 0.00%
- 1M
- -3.44%
- YTD
- 5.01%
- 6M
- 6.77%
- 1Y
- 31.32%
- 3Y*
- 27.85%
- 5Y*
- 19.70%
- 10Y*
- —
CHIN.DE vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHIN.DE KraneShares ICBCCS S&P China 500 Index UCITS ETF USD | 6.22% | 16.60% | 23.10% | -6.61% |
AAAU Goldman Sachs Physical Gold ETF | 2.01% | 44.59% | 35.29% | 2.83% |
Correlation
The correlation between CHIN.DE and AAAU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | 0.12 |
The correlation between CHIN.DE and AAAU shifts across timeframes, from 0.12 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CHIN.DE vs. AAAU — Risk / Return Rank
CHIN.DE
AAAU
CHIN.DE vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.DE) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| CHIN.DE | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.84 | +1.18 |
| Martin ratioReturn relative to average drawdown | 8.15 | 4.36 | +3.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHIN.DE | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.26 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.15 | -0.51 |
Drawdowns
CHIN.DE vs. AAAU - Drawdown Comparison
The maximum CHIN.DE drawdown since its inception was -22.95%, which is greater than AAAU's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for CHIN.DE and AAAU.
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Drawdown Indicators
| CHIN.DE | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -18.54% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -17.11% | +8.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.11% | — |
Current DrawdownCurrent decline from peak | -3.48% | -15.47% | +11.99% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.27% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 7.21% | -3.92% |
Volatility
CHIN.DE vs. AAAU - Volatility Comparison
KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.DE) has a higher volatility of 6.18% compared to Goldman Sachs Physical Gold ETF (AAAU) at 3.74%. This indicates that CHIN.DE's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHIN.DE | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 3.74% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 21.58% | -9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.09% | 24.92% | -7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.41% | 16.56% | +5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 15.81% | +6.60% |
CHIN.DE vs. AAAU - Expense Ratio Comparison
CHIN.DE has a 0.55% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Dividends
CHIN.DE vs. AAAU - Dividend Comparison
Neither CHIN.DE nor AAAU has paid dividends to shareholders.
Frequently Asked Questions
CHIN.DE and AAAU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAU is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAU is cheaper with a 0.18% expense ratio, compared with 0.55% for CHIN.DE.
CHIN.DE is categorized as China Equities, while AAAU is Gold. CHIN.DE tracks S&P China 500 Index, while AAAU tracks LBMA Gold PM Price. They also come from different issuers: KraneShares and Goldman Sachs. Their fees differ too: 0.55% for CHIN.DE and 0.18% for AAAU.
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