CNIE.DE vs. FLXC.DE
CNIE.DE (VanEck New China ESG UCITS ETF A) and FLXC.DE (Franklin FTSE China UCITS ETF) are both China Equities funds - CNIE.DE tracks the MarketGrader New China ESG while FLXC.DE tracks the FTSE China 30/18 Capped. Both are passively managed. Over the past 3 years, CNIE.DE returned -0.19%/yr vs 7.94%/yr for FLXC.DE. A 0.77 correlation means they provide meaningful diversification when combined. CNIE.DE charges 0.60%/yr vs 0.19%/yr for FLXC.DE.
Performance
CNIE.DE vs. FLXC.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 higher than FLXC.DE's -5.94% return.
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
FLXC.DE
- 1D
- -0.40%
- 1M
- -3.82%
- YTD
- -5.94%
- 6M
- -8.20%
- 1Y
- 4.53%
- 3Y*
- 7.94%
- 5Y*
- -3.95%
- 10Y*
- —
CNIE.DE vs. FLXC.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% |
FLXC.DE Franklin FTSE China UCITS ETF | -5.94% | 17.34% | 27.28% | -15.77% | -15.90% | -4.20% |
Correlation
The correlation between CNIE.DE and FLXC.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.77 |
The correlation between CNIE.DE and FLXC.DE has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
CNIE.DE vs. FLXC.DE — Risk / Return Rank
CNIE.DE
FLXC.DE
CNIE.DE vs. FLXC.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 Franklin FTSE China UCITS ETF (FLXC.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 | FLXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.31 | +0.22 |
| Martin ratioReturn relative to average drawdown | 1.17 | 0.64 | +0.52 |
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 | FLXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.27 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.09 | -0.25 |
Drawdowns
CNIE.DE vs. FLXC.DE - Drawdown Comparison
The maximum CNIE.DE drawdown since its inception was -45.69%, smaller than the maximum FLXC.DE drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for CNIE.DE and FLXC.DE.
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Drawdown Indicators
| CNIE.DE | FLXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -55.61% | +9.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -15.19% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -24.70% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.07% | — |
Current DrawdownCurrent decline from peak | -25.25% | -30.89% | +5.64% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -27.95% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 7.38% | -1.68% |
Volatility
CNIE.DE vs. FLXC.DE - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CNIE.DE) is 4.49%, while Franklin FTSE China UCITS ETF (FLXC.DE) has a volatility of 6.78%. This indicates that CNIE.DE experiences smaller price fluctuations and is considered to be less risky than FLXC.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 | FLXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 6.78% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 12.35% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 17.78% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 26.71% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 26.20% | -1.93% |
CNIE.DE vs. FLXC.DE - Expense Ratio Comparison
CNIE.DE has a 0.60% expense ratio, which is higher than FLXC.DE's 0.19% expense ratio.
Dividends
CNIE.DE vs. FLXC.DE - Dividend Comparison
Neither CNIE.DE nor FLXC.DE has paid dividends to shareholders.
Frequently Asked Questions
CNIE.DE and FLXC.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXC.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXC.DE is cheaper with a 0.19% expense ratio, compared with 0.60% for CNIE.DE.
CNIE.DE tracks MarketGrader New China ESG, while FLXC.DE tracks FTSE China 30/18 Capped. They also come from different issuers: VanEck and Franklin Templeton. Their fees differ too: 0.60% for CNIE.DE and 0.19% for FLXC.DE.
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