CNIE.DE vs. DBX9.DE
CNIE.DE (VanEck New China ESG UCITS ETF A) and DBX9.DE (Xtrackers FTSE China 50 UCITS ETF 1C) are both China Equities funds - CNIE.DE tracks the MarketGrader New China ESG while DBX9.DE tracks the FTSE China 50. Both are passively managed. Over the past 3 years, CNIE.DE returned -0.19%/yr vs 13.37%/yr for DBX9.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.
Performance
CNIE.DE vs. DBX9.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 DBX9.DE's 9.85% return.
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
DBX9.DE
- 1D
- -0.73%
- 1M
- 0.37%
- YTD
- 9.85%
- 6M
- 11.95%
- 1Y
- 33.01%
- 3Y*
- 13.37%
- 5Y*
- 0.17%
- 10Y*
- 3.94%
CNIE.DE vs. DBX9.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% |
DBX9.DE Xtrackers FTSE China 50 UCITS ETF 1C | 9.85% | 10.01% | 37.68% | -16.44% | -13.62% | -4.06% |
Correlation
The correlation between CNIE.DE and DBX9.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.71 |
The correlation between CNIE.DE and DBX9.DE has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
CNIE.DE vs. DBX9.DE — Risk / Return Rank
CNIE.DE
DBX9.DE
CNIE.DE vs. DBX9.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 Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.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 | DBX9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.34 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.90 | -1.36 |
| Martin ratioReturn relative to average drawdown | 1.17 | 3.67 | -2.50 |
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 | DBX9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.24 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.08 | -0.24 |
Drawdowns
CNIE.DE vs. DBX9.DE - Drawdown Comparison
The maximum CNIE.DE drawdown since its inception was -45.69%, smaller than the maximum DBX9.DE drawdown of -66.51%. Use the drawdown chart below to compare losses from any high point for CNIE.DE and DBX9.DE.
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Drawdown Indicators
| CNIE.DE | DBX9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -66.51% | +20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -17.20% | +4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -27.83% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.98% | — |
Current DrawdownCurrent decline from peak | -25.25% | -14.62% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -29.50% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 8.91% | -3.21% |
Volatility
CNIE.DE vs. DBX9.DE - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CNIE.DE) is 4.49%, while Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.DE) has a volatility of 5.29%. This indicates that CNIE.DE experiences smaller price fluctuations and is considered to be less risky than DBX9.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 | DBX9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 5.29% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.45% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 26.35% | -10.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 28.75% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 25.42% | -1.15% |
CNIE.DE vs. DBX9.DE - Expense Ratio Comparison
Both CNIE.DE and DBX9.DE have an expense ratio of 0.60%.
Dividends
CNIE.DE vs. DBX9.DE - Dividend Comparison
Neither CNIE.DE nor DBX9.DE has paid dividends to shareholders.
Frequently Asked Questions
CNIE.DE and DBX9.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CNIE.DE and DBX9.DE have the same expense ratio: 0.60% per year.
CNIE.DE tracks MarketGrader New China ESG, while DBX9.DE tracks FTSE China 50. They also come from different issuers: VanEck and Xtrackers.
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