CHIN.DE vs. MCHN.DE
CHIN.DE (KraneShares ICBCCS S&P China 500 Index UCITS ETF USD) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - CHIN.DE tracks the S&P China 500 Index while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past year, CHIN.DE returned 22.89% vs 9.30% for MCHN.DE. With a 0.95 correlation, they move nearly in lockstep. CHIN.DE charges 0.55%/yr vs 0.35%/yr for MCHN.DE.
Performance
CHIN.DE vs. MCHN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CHIN.DE achieves a 4.90% return, which is significantly higher than MCHN.DE's -1.74% return.
CHIN.DE
- 1D
- 0.00%
- 1M
- -1.06%
- 6M
- -0.09%
- YTD
- 4.90%
- 1Y
- 22.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCHN.DE
- 1D
- 0.00%
- 1M
- -1.29%
- 6M
- -6.49%
- YTD
- -1.74%
- 1Y
- 9.30%
- 3Y*
- 7.95%
- 5Y*
- -2.87%
- 10Y*
- —
CHIN.DE vs. MCHN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHIN.DE KraneShares ICBCCS S&P China 500 Index UCITS ETF USD | 4.90% | 16.60% | 23.10% | -7.05% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -1.74% | 13.01% | 25.16% | -7.64% |
Correlation
The correlation between CHIN.DE and MCHN.DE 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 (All Time) Calculated using the full available price history since Oct 17, 2023 | 0.95 |
The correlation between CHIN.DE and MCHN.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
CHIN.DE vs. MCHN.DE — Risk / Return Rank
CHIN.DE
MCHN.DE
CHIN.DE vs. MCHN.DE - 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 Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE). 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.
| CHIN.DE | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 0.83 | +1.77 |
| Martin ratioReturn relative to average drawdown | 6.40 | 1.70 | +4.70 |
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Drawdowns
CHIN.DE vs. MCHN.DE - Drawdown Comparison
The maximum CHIN.DE drawdown since its inception was -22.95%, smaller than the maximum MCHN.DE drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for CHIN.DE and MCHN.DE.
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Drawdown Indicators
| CHIN.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -45.79% | +22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -11.21% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.29% | — |
Current DrawdownCurrent decline from peak | -4.68% | -17.47% | +12.79% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -23.93% | +16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 5.50% | -1.91% |
Volatility
CHIN.DE vs. MCHN.DE - Volatility Comparison
KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.DE) has a higher volatility of 7.08% compared to Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) at 5.09%. This indicates that CHIN.DE's price experiences larger fluctuations and is considered to be riskier than MCHN.DE 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 | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 5.09% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.39% | 12.36% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 17.53% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 25.05% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 24.65% | -2.18% |
CHIN.DE vs. MCHN.DE - Expense Ratio Comparison
CHIN.DE has a 0.55% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
CHIN.DE vs. MCHN.DE - Dividend Comparison
Neither CHIN.DE nor MCHN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, CHIN.DE and MCHN.DE 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.
On fees, MCHN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for CHIN.DE.
CHIN.DE tracks S&P China 500 Index, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.55% for CHIN.DE and 0.35% for MCHN.DE.
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