CNIE.DE vs. XCHA.DE
CNIE.DE (VanEck New China ESG UCITS ETF A) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds - CNIE.DE tracks the MarketGrader New China ESG while XCHA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, CNIE.DE returned -0.19%/yr vs 12.45%/yr for XCHA.DE. Their correlation of 0.84 suggests significant overlap in exposure. CNIE.DE charges 0.60%/yr vs 0.50%/yr for XCHA.DE.
Performance
CNIE.DE vs. XCHA.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 XCHA.DE's 12.47% return.
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
CNIE.DE vs. XCHA.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% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 8.27% |
Correlation
The correlation between CNIE.DE and XCHA.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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.84 |
The correlation between CNIE.DE and XCHA.DE has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
CNIE.DE vs. XCHA.DE — Risk / Return Rank
CNIE.DE
XCHA.DE
CNIE.DE vs. XCHA.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 CSI 300 Swap UCITS ETF 1C (XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.41 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 2.38 | -1.85 |
| Martin ratioReturn relative to average drawdown | 1.17 | 4.62 | -3.45 |
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 | XCHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.48 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.31 | -0.47 |
Drawdowns
CNIE.DE vs. XCHA.DE - Drawdown Comparison
The maximum CNIE.DE drawdown since its inception was -45.69%, smaller than the maximum XCHA.DE drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for CNIE.DE and XCHA.DE.
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Drawdown Indicators
| CNIE.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -52.27% | +6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -16.43% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -26.32% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.55% | — |
Current DrawdownCurrent decline from peak | -25.25% | -1.81% | -23.44% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -22.73% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 8.48% | -2.78% |
Volatility
CNIE.DE vs. XCHA.DE - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CNIE.DE) is 4.49%, while Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) has a volatility of 5.10%. This indicates that CNIE.DE experiences smaller price fluctuations and is considered to be less risky than XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 5.10% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.37% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 26.51% | -10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 23.27% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 23.20% | +1.07% |
CNIE.DE vs. XCHA.DE - Expense Ratio Comparison
CNIE.DE has a 0.60% expense ratio, which is higher than XCHA.DE's 0.50% expense ratio.
Dividends
CNIE.DE vs. XCHA.DE - Dividend Comparison
Neither CNIE.DE nor XCHA.DE has paid dividends to shareholders.
Frequently Asked Questions
CNIE.DE and XCHA.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, XCHA.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHA.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for CNIE.DE.
CNIE.DE tracks MarketGrader New China ESG, while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.60% for CNIE.DE and 0.50% for XCHA.DE.
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