CNAA.DE vs. ICGA.DE
CNAA.DE (Amundi MSCI China A UCITS ETF Acc) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both China Equities funds - CNAA.DE tracks the MSCI China A while ICGA.DE tracks the MSCI China. Both are passively managed. Over the past 5 years, CNAA.DE returned -0.21%/yr vs -4.32%/yr for ICGA.DE. A 0.73 correlation means they provide meaningful diversification when combined. CNAA.DE charges 0.35%/yr vs 0.28%/yr for ICGA.DE.
Performance
CNAA.DE vs. ICGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CNAA.DE achieves a 9.91% return, which is significantly higher than ICGA.DE's -6.86% return.
CNAA.DE
- 1D
- -0.79%
- 1M
- 0.35%
- YTD
- 9.91%
- 6M
- 11.19%
- 1Y
- 33.60%
- 3Y*
- 8.43%
- 5Y*
- -0.21%
- 10Y*
- —
ICGA.DE
- 1D
- -0.54%
- 1M
- -3.40%
- YTD
- -6.86%
- 6M
- -9.46%
- 1Y
- 2.44%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
CNAA.DE vs. ICGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CNAA.DE Amundi MSCI China A UCITS ETF Acc | 9.91% | 10.09% | 19.81% | -17.19% | -20.96% | 13.50% | 28.18% | 9.61% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 14.05% |
Correlation
The correlation between CNAA.DE and ICGA.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.73 |
The correlation between CNAA.DE and ICGA.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
CNAA.DE vs. ICGA.DE — Risk / Return Rank
CNAA.DE
ICGA.DE
CNAA.DE vs. ICGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China A UCITS ETF Acc (CNAA.DE) and iShares MSCI China UCITS ETF USD Acc (ICGA.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.
| CNAA.DE | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 0.16 | +4.92 |
| Martin ratioReturn relative to average drawdown | 13.52 | 0.34 | +13.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNAA.DE | ICGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.15 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.15 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.05 | +0.24 |
Drawdowns
CNAA.DE vs. ICGA.DE - Drawdown Comparison
The maximum CNAA.DE drawdown since its inception was -43.90%, smaller than the maximum ICGA.DE drawdown of -55.95%. Use the drawdown chart below to compare losses from any high point for CNAA.DE and ICGA.DE.
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Drawdown Indicators
| CNAA.DE | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -55.95% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -16.84% | +10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -24.41% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -41.85% | -49.32% | +7.47% |
Current DrawdownCurrent decline from peak | -11.33% | -32.56% | +21.23% |
Average DrawdownAverage peak-to-trough decline | -19.23% | -28.80% | +9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 8.08% | -5.58% |
Volatility
CNAA.DE vs. ICGA.DE - Volatility Comparison
The current volatility for Amundi MSCI China A UCITS ETF Acc (CNAA.DE) is 6.13%, while iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a volatility of 7.19%. This indicates that CNAA.DE experiences smaller price fluctuations and is considered to be less risky than ICGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNAA.DE | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 7.19% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 13.31% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 18.64% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 27.66% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 26.97% | -4.46% |
CNAA.DE vs. ICGA.DE - Expense Ratio Comparison
CNAA.DE has a 0.35% expense ratio, which is higher than ICGA.DE's 0.28% expense ratio.
Dividends
CNAA.DE vs. ICGA.DE - Dividend Comparison
Neither CNAA.DE nor ICGA.DE has paid dividends to shareholders.
Frequently Asked Questions
CNAA.DE and ICGA.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICGA.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICGA.DE is cheaper with a 0.28% expense ratio, compared with 0.35% for CNAA.DE.
CNAA.DE tracks MSCI China A, while ICGA.DE tracks MSCI China. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for CNAA.DE and 0.28% for ICGA.DE.
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