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CHIN.L vs. CHIP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHIN.L vs. CHIP.L

Last updated Jun 5, 2026

CHIN.L (ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF) and CHIP.L (ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc) are both China Equities funds from ICBC Credit Suisse Asset Management tracking the MSCI China NR USD. Both are passively managed. Over the past 5 years, CHIN.L returned -1.79%/yr vs -60.92%/yr for CHIP.L. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

CHIN.L vs. CHIP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) and ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CHIN.L is traded in USD, while CHIP.L is traded in GBp. To make them comparable, the CHIP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CHIN.L having a 5.71% return and CHIP.L slightly lower at 5.64%.

CHIN.L

1D
-0.16%
1M
0.63%
YTD
5.71%
6M
7.46%
1Y
29.48%
3Y*
13.58%
5Y*
-1.79%
10Y*
—

CHIP.L

1D
-0.25%
1M
0.69%
YTD
5.64%
6M
7.57%
1Y
29.45%
3Y*
-75.56%
5Y*
-60.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHIN.L vs. CHIP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CHIN.L
ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF		5.71%32.57%14.56%-13.55%-25.21%-9.74%34.99%27.63%-25.21%47.98%
CHIP.L
ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc		5.64%32.60%14.57%-99.14%-25.15%-9.38%34.41%28.62%-25.40%47.66%

Correlation

The correlation between CHIN.L and CHIP.L is 0.94, 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

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2016

0.95

The correlation between CHIN.L and CHIP.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

CHIN.L vs. CHIP.L - Sectors Allocation Comparison

Sectors
CHIN.L
CHIP.L

Technology

25.1%
25.1%

Financial Services

14.7%
14.7%

Industrials

14.6%
14.6%

Consumer Cyclical

12.8%
12.8%

Basic Materials

10.9%
10.9%

Communication Services

6.5%
6.5%

Healthcare

5.7%
5.7%

Consumer Defensive

4.0%
4.0%

Energy

2.4%
2.4%

Utilities

2.3%
2.3%

Real Estate

1.0%
1.0%

Technology

CHIN.L
25.1%
CHIP.L
25.1%

Financial Services

CHIN.L
14.7%
CHIP.L
14.7%

Industrials

CHIN.L
14.6%
CHIP.L
14.6%

Consumer Cyclical

CHIN.L
12.8%
CHIP.L
12.8%

Basic Materials

CHIN.L
10.9%
CHIP.L
10.9%

Communication Services

CHIN.L
6.5%
CHIP.L
6.5%

Healthcare

CHIN.L
5.7%
CHIP.L
5.7%

Consumer Defensive

CHIN.L
4.0%
CHIP.L
4.0%

Energy

CHIN.L
2.4%
CHIP.L
2.4%

Utilities

CHIN.L
2.3%
CHIP.L
2.3%

Real Estate

CHIN.L
1.0%
CHIP.L
1.0%

Compare stocks, funds, or ETFs

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ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF

ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc

Often compared with CHIN.L:
CHIN.L vs. 2331.HKCHIN.L vs. CNYACHIN.L vs. LICHIN.L vs. RQFI.LCHIN.L vs. M9SV.LCHIN.L vs. XCNA.LCHIN.L vs. AH50.L
Often compared with CHIP.L:
CHIP.L vs. DXJCHIP.L vs. NVDACHIP.L vs. VUSA.LCHIP.L vs. JRCE.LCHIP.L vs. XCNA.LCHIP.L vs. C500.LCHIP.L vs. GLD

Return for Risk

CHIN.L vs. CHIP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHIN.L
CHIN.L Risk / Return Rank: 5151
Overall Rank
CHIN.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
CHIN.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
CHIN.L Omega Ratio Rank: 4444
Omega Ratio Rank
CHIN.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
CHIN.L Martin Ratio Rank: 5252
Martin Ratio Rank
CHIP.L
CHIP.L Risk / Return Rank: 5656
Overall Rank
CHIP.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
CHIP.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
CHIP.L Omega Ratio Rank: 5252
Omega Ratio Rank
CHIP.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
CHIP.L Martin Ratio Rank: 5555
Martin Ratio Rank
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.

CHIN.L vs. CHIP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) and ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.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.

CHIN.LCHIP.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
1.63

-0.04

Sortino ratioReturn per unit of downside risk
2.26
2.24

+0.03

Omega ratioGain probability vs. loss probability

1.28

1.28

0.00

Calmar ratioReturn relative to maximum drawdown

3.26

3.10

+0.16

Martin ratioReturn relative to average drawdown

8.75

8.61

+0.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHIN.L vs. CHIP.L - Sharpe Ratio Comparison

The current CHIN.L Sharpe Ratio is 1.59, which is comparable to the CHIP.L Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of CHIN.L and CHIP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CHIN.LCHIP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

1.63

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.07

-1.20

+1.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

-0.87

+1.12

Drawdowns

CHIN.L vs. CHIP.L - Drawdown Comparison

The maximum CHIN.L drawdown since its inception was -55.89%, smaller than the maximum CHIP.L drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for CHIN.L and CHIP.L.

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Drawdown Indicators

CHIN.LCHIP.LDifference

Max Drawdown

Largest peak-to-trough decline

-55.89%

-99.56%

+43.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-9.46%

+0.45%

Max Drawdown (3Y)

Largest decline over 3 years

-24.01%

-99.24%

+75.23%

Max Drawdown (5Y)

Largest decline over 5 years

-49.38%

-99.49%

+50.11%

Current Drawdown

Current decline from peak

-20.39%

-99.20%

+78.81%

Average Drawdown

Average peak-to-trough decline

-24.71%

-40.96%

+16.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

3.41%

-0.05%

Volatility

CHIN.L vs. CHIP.L - Volatility Comparison

ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) and ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.L) have volatilities of 6.64% and 6.53%, 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

CHIN.LCHIP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.64%

6.53%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

13.00%

12.47%

+0.53%

Volatility (1Y)

Calculated over the trailing 1-year period

18.50%

18.08%

+0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.43%

50.73%

-26.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.83%

39.15%

-16.32%

CHIN.L vs. CHIP.L - Expense Ratio Comparison

Both CHIN.L and CHIP.L have an expense ratio of 0.55%.

Dividends

CHIN.L vs. CHIP.L - Dividend Comparison

Neither CHIN.L nor CHIP.L has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
CHIN.L
ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF		0.00%0.00%0.00%0.00%1.33%1.01%1.19%2.38%
CHIP.L
ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc		0.00%0.00%0.00%0.00%1.31%0.97%1.31%2.48%

Frequently Asked Questions

With a correlation of 0.94, CHIN.L and CHIP.L 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.

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CHIN.L and CHIP.L have the same expense ratio: 0.55% per year.

Both ETFs track MSCI China NR USD.

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