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

CHIP.L vs. IASH.L

Last updated Jun 4, 2026

CHIP.L (ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc) and IASH.L (iShares MSCI China A UCITS USD) are both China Equities funds - CHIP.L tracks the MSCI China NR USD while IASH.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, CHIP.L returned -60.48%/yr vs 0.05%/yr for IASH.L. Their correlation of 0.85 suggests significant overlap in exposure. CHIP.L charges 0.55%/yr vs 0.40%/yr for IASH.L.

Performance

CHIP.L vs. IASH.L - Performance Comparison

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

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Returns By Period

In the year-to-date period, CHIP.L achieves a 6.22% return, which is significantly lower than IASH.L's 9.51% return.

CHIP.L

1D
-0.58%
1M
2.14%
YTD
6.22%
6M
7.03%
1Y
32.57%
3Y*
-76.20%
5Y*
-60.48%
10Y*
—

IASH.L

1D
-0.06%
1M
3.10%
YTD
9.51%
6M
12.93%
1Y
38.65%
3Y*
8.41%
5Y*
0.05%
10Y*
7.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CHIP.L
ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc		6.22%23.30%16.51%-99.18%-16.19%-8.56%30.42%23.66%-20.92%34.83%
IASH.L
iShares MSCI China A UCITS USD		9.51%17.67%12.92%-18.83%-17.27%4.48%37.65%29.94%-21.35%17.95%

Correlation

The correlation between CHIP.L and IASH.L is 0.89, 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

0.89

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

0.90

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

0.90

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

0.85

The correlation between CHIP.L and IASH.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

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

Sectors
CHIP.L
IASH.L

Technology

25.1%
31.0%

Financial Services

14.7%
17.8%

Industrials

14.6%
15.5%

Consumer Cyclical

12.8%
5.4%

Basic Materials

10.9%
11.4%

Communication Services

6.5%
1.3%

Healthcare

5.7%
3.9%

Consumer Defensive

4.0%
6.7%

Energy

2.4%
3.2%

Utilities

2.3%
3.2%

Real Estate

1.0%
0.6%

Technology

CHIP.L
25.1%
IASH.L
31.0%

Financial Services

CHIP.L
14.7%
IASH.L
17.8%

Industrials

CHIP.L
14.6%
IASH.L
15.5%

Consumer Cyclical

CHIP.L
12.8%
IASH.L
5.4%

Basic Materials

CHIP.L
10.9%
IASH.L
11.4%

Communication Services

CHIP.L
6.5%
IASH.L
1.3%

Healthcare

CHIP.L
5.7%
IASH.L
3.9%

Consumer Defensive

CHIP.L
4.0%
IASH.L
6.7%

Energy

CHIP.L
2.4%
IASH.L
3.2%

Utilities

CHIP.L
2.3%
IASH.L
3.2%

Real Estate

CHIP.L
1.0%
IASH.L
0.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

iShares MSCI China A UCITS USD

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. CHIN.LCHIP.L vs. C500.L
Often compared with IASH.L:
IASH.L vs. ICGA.DEIASH.L vs. CNYAIASH.L vs. CHIN.DEIASH.L vs. EMIM.LIASH.L vs. HSTC.LIASH.L vs. XCH.TOIASH.L vs. EUNL.DE

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHIP.L
CHIP.L Risk / Return Rank: 5959
Overall Rank
CHIP.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
CHIP.L Sortino Ratio Rank: 5252
Sortino Ratio Rank
CHIP.L Omega Ratio Rank: 5555
Omega Ratio Rank
CHIP.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
CHIP.L Martin Ratio Rank: 5858
Martin Ratio Rank
IASH.L
IASH.L Risk / Return Rank: 7979
Overall Rank
IASH.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IASH.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IASH.L Omega Ratio Rank: 7575
Omega Ratio Rank
IASH.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
IASH.L Martin Ratio Rank: 8080
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.

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

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

CHIP.LIASH.LDifference
Sharpe ratioReturn per unit of total volatility
1.91
2.47

-0.56

Sortino ratioReturn per unit of downside risk
2.51
3.31

-0.79

Omega ratioGain probability vs. loss probability

1.34

1.44

-0.11

Calmar ratioReturn relative to maximum drawdown

3.67

5.73

-2.05

Martin ratioReturn relative to average drawdown

9.95

15.80

-5.85

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

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

The current CHIP.L Sharpe Ratio is 1.91, which is comparable to the IASH.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of CHIP.L and IASH.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

CHIP.LIASH.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

2.47

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-1.21

0.00

-1.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.88

0.09

-0.97

Drawdowns

CHIP.L vs. IASH.L - Drawdown Comparison

The maximum CHIP.L drawdown since its inception was -99.52%, which is greater than IASH.L's maximum drawdown of -48.39%. Use the drawdown chart below to compare losses from any high point for CHIP.L and IASH.L.

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Drawdown Indicators

CHIP.LIASH.LDifference

Max Drawdown

Largest peak-to-trough decline

-99.52%

-48.39%

-51.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.82%

-6.72%

-2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-99.23%

-25.77%

-73.46%

Max Drawdown (5Y)

Largest decline over 5 years

-99.44%

-42.23%

-57.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.67%

—

Current Drawdown

Current decline from peak

-99.18%

-10.06%

-89.12%

Average Drawdown

Average peak-to-trough decline

-37.91%

-24.72%

-13.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

2.44%

+0.83%

Volatility

CHIP.L vs. IASH.L - Volatility Comparison

ICBC Credit Suisse WisdomTree S&P China 500 UCITS ETF Class B USD Inc (CHIP.L) and iShares MSCI China A UCITS USD (IASH.L) have volatilities of 5.75% and 5.69%, 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

CHIP.LIASH.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.75%

5.69%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

11.36%

10.68%

+0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

17.02%

15.61%

+1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.89%

21.27%

+28.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

38.57%

22.79%

+15.78%

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

CHIP.L has a 0.55% expense ratio, which is higher than IASH.L's 0.40% expense ratio.

Dividends

CHIP.L vs. IASH.L - Dividend Comparison

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

PositionTTM2025202420232022202120202019
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%
IASH.L
iShares MSCI China A UCITS USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CHIP.L and IASH.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IASH.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IASH.L is cheaper with a 0.40% expense ratio, compared with 0.55% for CHIP.L.

CHIP.L tracks MSCI China NR USD, while IASH.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: ICBC Credit Suisse Asset Management and iShares. Their fees differ too: 0.55% for CHIP.L and 0.40% for IASH.L.

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