CNSG.L vs. CHI3.L
CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) and CHI3.L (Leverage Shares 3x Long China ETP Securities) are both China Equities funds. CNSG.L is passively managed, while CHI3.L is actively managed. Over the past 3 years, CNSG.L returned 6.74%/yr vs -16.75%/yr for CHI3.L. Their correlation of 0.90 suggests significant overlap in exposure. CNSG.L charges 0.45%/yr vs 0.75%/yr for CHI3.L.
Performance
CNSG.L vs. CHI3.L - Performance Comparison
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Different Trading Currencies
CNSG.L is traded in GBp, while CHI3.L is traded in USD. To make them comparable, the CHI3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNSG.L achieves a -6.01% return, which is significantly higher than CHI3.L's -36.27% return.
CNSG.L
- 1D
- 1.02%
- 1M
- -2.19%
- 6M
- -9.68%
- YTD
- -6.01%
- 1Y
- -2.56%
- 3Y*
- 6.74%
- 5Y*
- -3.95%
- 10Y*
- —
CHI3.L
- 1D
- 5.37%
- 1M
- -6.23%
- 6M
- -44.74%
- YTD
- -36.27%
- 1Y
- -30.24%
- 3Y*
- -16.75%
- 5Y*
- —
- 10Y*
- —
CNSG.L vs. CHI3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | -6.01% | 18.19% | 20.51% | -18.51% | -4.31% |
CHI3.L Leverage Shares 3x Long China ETP Securities | -36.27% | 39.31% | 8.06% | -55.92% | -44.63% |
Correlation
The correlation between CNSG.L and CHI3.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | 0.90 |
The correlation between CNSG.L and CHI3.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
CNSG.L vs. CHI3.L — Risk / Return Rank
CNSG.L
CHI3.L
CNSG.L vs. CHI3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) and Leverage Shares 3x Long China ETP Securities (CHI3.L). 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.
| CNSG.L | CHI3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.95 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.48 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.33 | -0.88 | +0.55 |
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Drawdowns
CNSG.L vs. CHI3.L - Drawdown Comparison
The maximum CNSG.L drawdown since its inception was -55.67%, smaller than the maximum CHI3.L drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CNSG.L and CHI3.L.
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Drawdown Indicators
| CNSG.L | CHI3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -85.30% | +29.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -63.29% | +46.76% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -65.28% | +37.38% |
Max Drawdown (5Y)Largest decline over 5 years | -46.84% | — | — |
Current DrawdownCurrent decline from peak | -31.84% | -79.60% | +47.76% |
Average DrawdownAverage peak-to-trough decline | -29.84% | -66.16% | +36.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.68% | 34.21% | -26.53% |
Volatility
CNSG.L vs. CHI3.L - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) is 4.77%, while Leverage Shares 3x Long China ETP Securities (CHI3.L) has a volatility of 16.35%. This indicates that CNSG.L experiences smaller price fluctuations and is considered to be less risky than CHI3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNSG.L | CHI3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 16.35% | -11.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 44.31% | -32.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 59.64% | -42.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.86% | 80.86% | -54.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.00% | 80.86% | -54.86% |
CNSG.L vs. CHI3.L - Expense Ratio Comparison
CNSG.L has a 0.45% expense ratio, which is lower than CHI3.L's 0.75% expense ratio.
Dividends
CNSG.L vs. CHI3.L - Dividend Comparison
CNSG.L's dividend yield for the trailing twelve months is around 2.68%, while CHI3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CHI3.L Leverage Shares 3x Long China ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | 2.68% | 2.57% | 0.85% | 2.00% | 1.80% | 1.35% | 0.74% |
Frequently Asked Questions
With a correlation of 0.93, CNSG.L and CHI3.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CNSG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNSG.L is cheaper with a 0.45% expense ratio, compared with 0.75% for CHI3.L.
They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.45% for CNSG.L and 0.75% for CHI3.L.
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