CNEG.L vs. IASH.L
CNEG.L (Amundi MSCI China ESG Leaders Select UCITS ETF DR (C)) and IASH.L (iShares MSCI China A UCITS USD) are both China Equities funds - CNEG.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 3 years, CNEG.L returned 2.60%/yr vs 12.11%/yr for IASH.L. A 0.67 correlation means they provide meaningful diversification when combined. CNEG.L charges 0.35%/yr vs 0.40%/yr for IASH.L.
Performance
CNEG.L vs. IASH.L - Performance Comparison
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Returns By Period
In the year-to-date period, CNEG.L achieves a -14.88% return, which is significantly lower than IASH.L's 13.85% return.
CNEG.L
- 1D
- 0.00%
- 1M
- -5.08%
- YTD
- -14.88%
- 6M
- -14.68%
- 1Y
- -5.21%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
IASH.L
- 1D
- 1.52%
- 1M
- 3.76%
- YTD
- 13.85%
- 6M
- 14.90%
- 1Y
- 40.77%
- 3Y*
- 12.11%
- 5Y*
- 0.74%
- 10Y*
- 6.92%
CNEG.L vs. IASH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNEG.L Amundi MSCI China ESG Leaders Select UCITS ETF DR (C) | -14.88% | 23.90% | 11.58% | -14.99% | -20.05% | -33.41% |
IASH.L iShares MSCI China A UCITS USD | 13.85% | 17.67% | 12.92% | -18.83% | -17.27% | 3.79% |
Correlation
The correlation between CNEG.L and IASH.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.67 |
The correlation between CNEG.L and IASH.L has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
CNEG.L vs. IASH.L — Risk / Return Rank
CNEG.L
IASH.L
CNEG.L vs. IASH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China ESG Leaders Select UCITS ETF DR (C) (CNEG.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.
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.
| CNEG.L | IASH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.44 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 6.04 | -6.17 |
| Martin ratioReturn relative to average drawdown | -0.20 | 15.62 | -15.82 |
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Drawdowns
CNEG.L vs. IASH.L - Drawdown Comparison
The maximum CNEG.L drawdown since its inception was -61.05%, roughly equal to the maximum IASH.L drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for CNEG.L and IASH.L.
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Drawdown Indicators
| CNEG.L | IASH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -59.37% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -40.02% | -6.72% | -33.30% |
Max Drawdown (3Y)Largest decline over 3 years | -40.02% | -31.16% | -8.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.67% | — |
Current DrawdownCurrent decline from peak | -47.43% | -7.81% | -39.62% |
Average DrawdownAverage peak-to-trough decline | -46.02% | -33.16% | -12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.53% | 2.60% | +22.93% |
Volatility
CNEG.L vs. IASH.L - Volatility Comparison
Amundi MSCI China ESG Leaders Select UCITS ETF DR (C) (CNEG.L) has a higher volatility of 8.01% compared to iShares MSCI China A UCITS USD (IASH.L) at 6.14%. This indicates that CNEG.L's price experiences larger fluctuations and is considered to be riskier than IASH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNEG.L | IASH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 6.14% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.45% | 11.47% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.75% | 16.40% | +29.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.30% | 24.98% | +13.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.30% | 23.78% | +14.52% |
CNEG.L vs. IASH.L - Expense Ratio Comparison
CNEG.L has a 0.35% expense ratio, which is lower than IASH.L's 0.40% expense ratio.
Dividends
CNEG.L vs. IASH.L - Dividend Comparison
Neither CNEG.L nor IASH.L has paid dividends to shareholders.
Frequently Asked Questions
CNEG.L and IASH.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNEG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNEG.L is cheaper with a 0.35% expense ratio, compared with 0.40% for IASH.L.
CNEG.L tracks MSCI China NR USD, while IASH.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for CNEG.L and 0.40% for IASH.L.
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