CNAA.DE vs. M9SV.DE
CNAA.DE (Amundi MSCI China A UCITS ETF Acc) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - CNAA.DE tracks the MSCI China A while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 5 years, CNAA.DE returned -0.19%/yr vs 4.55%/yr for M9SV.DE. A 0.58 correlation means they provide meaningful diversification when combined. CNAA.DE charges 0.35%/yr vs 0.45%/yr for M9SV.DE.
Performance
CNAA.DE vs. M9SV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CNAA.DE achieves a 9.48% return, which is significantly higher than M9SV.DE's -4.50% return.
CNAA.DE
- 1D
- -0.14%
- 1M
- -1.53%
- 6M
- 5.09%
- YTD
- 9.48%
- 1Y
- 30.10%
- 3Y*
- 9.38%
- 5Y*
- -0.19%
- 10Y*
- —
M9SV.DE
- 1D
- -1.69%
- 1M
- -4.54%
- 6M
- -6.05%
- YTD
- -4.50%
- 1Y
- 0.43%
- 3Y*
- 6.93%
- 5Y*
- 4.55%
- 10Y*
- —
CNAA.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CNAA.DE Amundi MSCI China A UCITS ETF Acc | 9.48% | 10.09% | 19.81% | -17.19% | -20.96% | 13.50% | 28.18% | 12.24% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -11.14% | 18.00% | 14.68% | -2.13% |
Correlation
The correlation between CNAA.DE and M9SV.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 29, 2019 | 0.58 |
The correlation between CNAA.DE and M9SV.DE has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
CNAA.DE vs. M9SV.DE — Risk / Return Rank
CNAA.DE
M9SV.DE
CNAA.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
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.
| CNAA.DE | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.03 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 0.18 | +3.92 |
| Martin ratioReturn relative to average drawdown | 10.44 | 0.41 | +10.03 |
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Drawdowns
CNAA.DE vs. M9SV.DE - Drawdown Comparison
The maximum CNAA.DE drawdown since its inception was -43.90%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for CNAA.DE and M9SV.DE.
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Drawdown Indicators
| CNAA.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -23.79% | -20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -7.48% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -23.79% | -4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -41.85% | -23.79% | -18.06% |
Current DrawdownCurrent decline from peak | -11.69% | -17.81% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -9.52% | -9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 3.21% | -0.33% |
Volatility
CNAA.DE vs. M9SV.DE - Volatility Comparison
Amundi MSCI China A UCITS ETF Acc (CNAA.DE) has a higher volatility of 8.07% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.73%. This indicates that CNAA.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 3.73% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 7.51% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 11.20% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 20.43% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 21.49% | +1.06% |
CNAA.DE vs. M9SV.DE - Expense Ratio Comparison
CNAA.DE has a 0.35% expense ratio, which is lower than M9SV.DE's 0.45% expense ratio.
Dividends
CNAA.DE vs. M9SV.DE - Dividend Comparison
Neither CNAA.DE nor M9SV.DE has paid dividends to shareholders.
Frequently Asked Questions
CNAA.DE and M9SV.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNAA.DE is cheaper with a 0.35% expense ratio, compared with 0.45% for M9SV.DE.
CNAA.DE tracks MSCI China A, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: Amundi and Market Access. Their fees differ too: 0.35% for CNAA.DE and 0.45% for M9SV.DE.
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