CNIE.DE vs. H4Z6.DE
CNIE.DE (VanEck New China ESG UCITS ETF A) and H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) are both China Equities funds - CNIE.DE tracks the MarketGrader New China ESG while H4Z6.DE tracks the MSCI China. Both are passively managed. Over the past 3 years, CNIE.DE returned -0.19%/yr vs 7.78%/yr for H4Z6.DE. A 0.76 correlation means they provide meaningful diversification when combined. CNIE.DE charges 0.60%/yr vs 0.28%/yr for H4Z6.DE.
Performance
CNIE.DE vs. H4Z6.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 H4Z6.DE's -6.53% return.
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
CNIE.DE vs. H4Z6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -9.99% |
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.53% | 16.48% | 27.04% | -14.63% | -10.19% |
Correlation
The correlation between CNIE.DE and H4Z6.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.76 |
The correlation between CNIE.DE and H4Z6.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
CNIE.DE vs. H4Z6.DE — Risk / Return Rank
CNIE.DE
H4Z6.DE
CNIE.DE vs. H4Z6.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 HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.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 | H4Z6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.18 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.17 | 0.38 | +0.79 |
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 | H4Z6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.17 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.06 | -0.22 |
Drawdowns
CNIE.DE vs. H4Z6.DE - Drawdown Comparison
The maximum CNIE.DE drawdown since its inception was -45.69%, which is greater than H4Z6.DE's maximum drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for CNIE.DE and H4Z6.DE.
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Drawdown Indicators
| CNIE.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -33.47% | -12.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -16.85% | +4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -24.47% | -4.73% |
Current DrawdownCurrent decline from peak | -25.25% | -14.82% | -10.43% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -13.91% | -10.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 8.17% | -2.47% |
Volatility
CNIE.DE vs. H4Z6.DE - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CNIE.DE) is 4.49%, while HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a volatility of 7.23%. This indicates that CNIE.DE experiences smaller price fluctuations and is considered to be less risky than H4Z6.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 | H4Z6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 7.23% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 13.11% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 18.60% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 25.28% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 25.28% | -1.01% |
CNIE.DE vs. H4Z6.DE - Expense Ratio Comparison
CNIE.DE has a 0.60% expense ratio, which is higher than H4Z6.DE's 0.28% expense ratio.
Dividends
CNIE.DE vs. H4Z6.DE - Dividend Comparison
Neither CNIE.DE nor H4Z6.DE has paid dividends to shareholders.
Frequently Asked Questions
CNIE.DE and H4Z6.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z6.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z6.DE is cheaper with a 0.28% expense ratio, compared with 0.60% for CNIE.DE.
CNIE.DE tracks MarketGrader New China ESG, while H4Z6.DE tracks MSCI China. They also come from different issuers: VanEck and HSBC. Their fees differ too: 0.60% for CNIE.DE and 0.28% for H4Z6.DE.
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