CNIE.DE vs. C024.DE
CNIE.DE (VanEck New China ESG UCITS ETF A) and C024.DE (Amundi MSCI China A II UCITS ETF Dist) are both China Equities funds - CNIE.DE tracks the MarketGrader New China ESG while C024.DE tracks the MSCI China A. Both are passively managed. Over the past 3 years, CNIE.DE returned -0.19%/yr vs 12.08%/yr for C024.DE. A 0.79 correlation means they provide meaningful diversification when combined. CNIE.DE charges 0.60%/yr vs 0.25%/yr for C024.DE.
Performance
CNIE.DE vs. C024.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CNIE.DE achieves a -3.41% return, which is significantly lower than C024.DE's 12.05% return.
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
C024.DE
- 1D
- -0.65%
- 1M
- 0.73%
- YTD
- 12.05%
- 6M
- 14.60%
- 1Y
- 39.67%
- 3Y*
- 12.08%
- 5Y*
- 0.57%
- 10Y*
- 7.12%
CNIE.DE vs. C024.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -22.84% | 8.74% |
C024.DE Amundi MSCI China A II UCITS ETF Dist | 12.05% | 14.97% | 22.87% | -17.78% | -16.12% | 6.80% |
Correlation
The correlation between CNIE.DE and C024.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.79 |
The correlation between CNIE.DE and C024.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
CNIE.DE vs. C024.DE — Risk / Return Rank
CNIE.DE
C024.DE
CNIE.DE vs. C024.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck New China ESG UCITS ETF A (CNIE.DE) and Amundi MSCI China A II UCITS ETF Dist (C024.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.
| CNIE.DE | C024.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.45 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 5.94 | -5.41 |
| Martin ratioReturn relative to average drawdown | 1.17 | 18.19 | -17.02 |
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
| CNIE.DE | C024.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.60 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.30 | -0.46 |
Drawdowns
CNIE.DE vs. C024.DE - Drawdown Comparison
The maximum CNIE.DE drawdown since its inception was -45.69%, smaller than the maximum C024.DE drawdown of -49.68%. Use the drawdown chart below to compare losses from any high point for CNIE.DE and C024.DE.
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Drawdown Indicators
| CNIE.DE | C024.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -49.68% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -6.78% | -5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -25.82% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.10% | — |
Current DrawdownCurrent decline from peak | -25.25% | -8.55% | -16.70% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -24.80% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 2.22% | +3.48% |
Volatility
CNIE.DE vs. C024.DE - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CNIE.DE) is 4.49%, while Amundi MSCI China A II UCITS ETF Dist (C024.DE) has a volatility of 5.71%. This indicates that CNIE.DE experiences smaller price fluctuations and is considered to be less risky than C024.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNIE.DE | C024.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 5.71% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 11.25% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 15.47% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 22.92% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 24.34% | -0.07% |
CNIE.DE vs. C024.DE - Expense Ratio Comparison
CNIE.DE has a 0.60% expense ratio, which is higher than C024.DE's 0.25% expense ratio.
Dividends
CNIE.DE vs. C024.DE - Dividend Comparison
CNIE.DE has not paid dividends to shareholders, while C024.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 1.69% | 1.89% | 2.19% | 1.98% | 1.34% | 1.23% | 1.42% | 1.88% | 2.49% |
CNIE.DE VanEck New China ESG UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNIE.DE and C024.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, C024.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
C024.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for CNIE.DE.
CNIE.DE tracks MarketGrader New China ESG, while C024.DE tracks MSCI China A. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.60% for CNIE.DE and 0.25% for C024.DE.
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