CN vs. ADIV

Last updated Aug 1, 2026

CN (Xtrackers MSCI All China Equity ETF) and ADIV (SmartETFs Asia Pacific Dividend Builder ETF) are both exchange-traded funds - CN is a China Equities fund tracking the MSCI China All Shares, while ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson. CN is passively managed, while ADIV is actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. CN charges 0.50%/yr vs 0.78%/yr for ADIV.

Performance

CN vs. ADIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All China Equity ETF (CN) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CN

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

ADIV

• 1D: -0.96%
• 1M: 6.05%
• 6M: 6.89%
• YTD: 9.55%
• 1Y: 14.46%
• 3Y*: 16.03%
• 5Y*: 7.69%
• 10Y*: —
• ALL TIME*: 6.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADIV SmartETFs Asia Pacific Dividend Builder ETF	$158.48K	$98.50K	$105.95K

CN vs. ADIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-11.84%
ADIV SmartETFs Asia Pacific Dividend Builder ETF	9.55%	21.86%	14.47%	12.28%	-18.00%	1.41%

Correlation

The correlation between CN and ADIV is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021	0.54

The correlation between CN and ADIV shifts across timeframes, from 0.30 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.

CN vs. ADIV - Sectors Allocation Comparison

Sectors	CN	ADIV
Financial Services	55.1%	32.2%
Consumer Cyclical	5.4%	15.9%
Industrials	1.0%	2.5%
Energy	0.9%	-
Real Estate	0.8%	8.1%
Healthcare	0.8%	5.2%
Basic Materials	0.6%	-
Communication Services	0.4%	3.5%
Technology	0.3%	25.8%
Consumer Defensive	0.3%	4.8%
Utilities	0.2%	2.0%

Return for Risk

CN vs. ADIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ADIV

ADIV Risk / Return Rank: 39
ADIV Sharpe Ratio Rank: 40
ADIV Sortino Ratio Rank: 38
ADIV Omega Ratio Rank: 38
ADIV Calmar Ratio Rank: 39
ADIV Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CN vs. ADIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All China Equity ETF (CN) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). 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.

	CN	ADIV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.98	—
Sortino ratio: Return per unit of downside risk	—	1.44	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.37	—
Martin ratio: Return relative to average drawdown	—	4.24	—

Drawdowns

Drawdown Indicators

	CN	ADIV	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.55%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.55%	—
Current Drawdown Current decline from peak	—	-0.96%	—
Average Drawdown Average peak-to-trough decline	—	-8.27%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.27%	—

Volatility

Volatility by Period

	CN	ADIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.35%	—

CN vs. ADIV - Expense Ratio Comparison

CN has a 0.50% expense ratio, which is lower than ADIV's 0.78% expense ratio.

Dividends

CN vs. ADIV - Dividend Comparison

CN has not paid dividends to shareholders, while ADIV's dividend yield for the trailing twelve months is around 2.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADIV SmartETFs Asia Pacific Dividend Builder ETF	2.87%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%

Frequently Asked Questions

Can I hold both CN and ADIV in my portfolio?

CN and ADIV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CN or ADIV?

On fees, CN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CN or ADIV?

CN is cheaper with a 0.50% expense ratio, compared with 0.78% for ADIV.

Which ETF pays a higher dividend yield, CN or ADIV?

ADIV has the higher dividend yield at 2.87%, compared with 0.00% for CN.

What is the main difference between CN and ADIV?

CN is categorized as China Equities, while ADIV is Asia Pacific Equities. They also come from different issuers: Deutsche Bank and Guinness Atkinson. Their fees differ too: 0.50% for CN and 0.78% for ADIV.