CNIE.DE vs. M9SV.DE
CNIE.DE (VanEck New China ESG UCITS ETF A) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - CNIE.DE tracks the MarketGrader New China ESG while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 3 years, CNIE.DE returned 1.50%/yr vs 7.46%/yr for M9SV.DE. At a 0.45 correlation, their price movements are largely independent. CNIE.DE charges 0.60%/yr vs 0.45%/yr for M9SV.DE.
Performance
CNIE.DE vs. M9SV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CNIE.DE achieves a -3.36% return, which is significantly higher than M9SV.DE's -4.17% return.
CNIE.DE
- 1D
- 0.00%
- 1M
- 2.36%
- 6M
- -8.24%
- YTD
- -3.36%
- 1Y
- 1.43%
- 3Y*
- 1.50%
- 5Y*
- —
- 10Y*
- —
M9SV.DE
- 1D
- -1.34%
- 1M
- -3.50%
- 6M
- -5.17%
- YTD
- -4.17%
- 1Y
- 0.85%
- 3Y*
- 7.46%
- 5Y*
- 4.62%
- 10Y*
- —
CNIE.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNIE.DE VanEck New China ESG UCITS ETF A | -3.36% | 8.76% | 7.28% | -12.40% | -22.84% | 8.76% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.17% | -5.32% | 37.47% | 2.90% | -11.14% | 2.33% |
Correlation
The correlation between CNIE.DE and M9SV.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.45 |
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Return for Risk
CNIE.DE vs. M9SV.DE — Risk / Return Rank
CNIE.DE
M9SV.DE
CNIE.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
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.
| CNIE.DE | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.12 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.20 | 0.26 | -0.06 |
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Drawdowns
CNIE.DE vs. M9SV.DE - Drawdown Comparison
The maximum CNIE.DE drawdown since its inception was -45.69%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for CNIE.DE and M9SV.DE.
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Drawdown Indicators
| CNIE.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -23.79% | -21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -7.28% | -6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -27.75% | -23.79% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.79% | — |
Current DrawdownCurrent decline from peak | -25.20% | -17.53% | -7.67% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -9.53% | -15.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 3.23% | +3.83% |
Volatility
CNIE.DE vs. M9SV.DE - Volatility Comparison
VanEck New China ESG UCITS ETF A (CNIE.DE) has a higher volatility of 4.92% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.57%. This indicates that CNIE.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.57% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 7.43% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 11.11% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 20.42% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.13% | 21.48% | +2.65% |
CNIE.DE vs. M9SV.DE - Expense Ratio Comparison
CNIE.DE has a 0.60% expense ratio, which is higher than M9SV.DE's 0.45% expense ratio.
Dividends
CNIE.DE vs. M9SV.DE - Dividend Comparison
Neither CNIE.DE nor M9SV.DE has paid dividends to shareholders.
Frequently Asked Questions
CNIE.DE and M9SV.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M9SV.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M9SV.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for CNIE.DE.
CNIE.DE tracks MarketGrader New China ESG, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: VanEck and Market Access. Their fees differ too: 0.60% for CNIE.DE and 0.45% for M9SV.DE.
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