CHTE.L vs. XNNS.L

Last updated Jun 5, 2026

CHTE.L (UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc) and XNNS.L (Xtrackers MSCI Innovation UCITS ETF 1C) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from UBS and DWS respectively. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. CHTE.L charges 0.47%/yr vs 0.35%/yr for XNNS.L.

Performance

CHTE.L vs. XNNS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (CHTE.L) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CHTE.L is traded in GBp, while XNNS.L is traded in GBP. To make them comparable, the XNNS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

CHTE.L

• 1D: -0.73%
• 1M: -0.78%
• YTD: -6.46%
• 6M: -9.87%
• 1Y: 3.36%
• 3Y*: 9.00%
• 5Y*: —
• 10Y*: —

XNNS.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHTE.L vs. XNNS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CHTE.L UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc	-6.46%	32.47%	12.40%	-15.02%	-16.21%
XNNS.L Xtrackers MSCI Innovation UCITS ETF 1C	-7.92%	6.27%	24.09%	26.71%	-12.09%

Correlation

The correlation between CHTE.L and XNNS.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022	0.43

Return for Risk

CHTE.L vs. XNNS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHTE.L

CHTE.L Risk / Return Rank: 11
CHTE.L Sharpe Ratio Rank: 11
CHTE.L Sortino Ratio Rank: 11
CHTE.L Omega Ratio Rank: 11
CHTE.L Calmar Ratio Rank: 11
CHTE.L Martin Ratio Rank: 10

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.

CHTE.L vs. XNNS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (CHTE.L) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.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.

	CHTE.L	XNNS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.14	—	—
Sortino ratio: Return per unit of downside risk	0.37	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.13	—	—
Martin ratio: Return relative to average drawdown	0.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CHTE.L	XNNS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	—	—

Drawdowns

Drawdown Indicators

	CHTE.L	XNNS.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-26.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.31%	—	—
Current Drawdown Current decline from peak	-23.37%	—	—
Average Drawdown Average peak-to-trough decline	-23.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.05%	—	—

Volatility

Volatility by Period

	CHTE.L	XNNS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.54%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.54%	—	—

CHTE.L vs. XNNS.L - Expense Ratio Comparison

CHTE.L has a 0.47% expense ratio, which is higher than XNNS.L's 0.35% expense ratio.

Dividends

CHTE.L vs. XNNS.L - Dividend Comparison

Neither CHTE.L nor XNNS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CHTE.L and XNNS.L in my portfolio?

CHTE.L and XNNS.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHTE.L or XNNS.L?

On fees, XNNS.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHTE.L or XNNS.L?

XNNS.L is cheaper with a 0.35% expense ratio, compared with 0.47% for CHTE.L.

What is the main difference between CHTE.L and XNNS.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: UBS and DWS. Their fees differ too: 0.47% for CHTE.L and 0.35% for XNNS.L.