CNSG.L vs. CNUA.L
CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) and CNUA.L (UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc) are both China Equities funds from UBS - CNSG.L tracks the MSCI China NR USD while CNUA.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, CNSG.L returned -5.51%/yr vs 3.76%/yr for CNUA.L. A 0.67 correlation means they provide meaningful diversification when combined. CNSG.L charges 0.45%/yr vs 0.30%/yr for CNUA.L.
Performance
CNSG.L vs. CNUA.L - Performance Comparison
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Returns By Period
In the year-to-date period, CNSG.L achieves a -4.82% return, which is significantly lower than CNUA.L's 11.84% return.
CNSG.L
- 1D
- -1.91%
- 1M
- -0.52%
- YTD
- -4.82%
- 6M
- -6.30%
- 1Y
- 3.32%
- 3Y*
- 4.77%
- 5Y*
- -5.51%
- 10Y*
- —
CNUA.L
- 1D
- -0.68%
- 1M
- 2.91%
- YTD
- 11.84%
- 6M
- 15.17%
- 1Y
- 44.25%
- 3Y*
- 12.83%
- 5Y*
- 3.76%
- 10Y*
- —
CNSG.L vs. CNUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | -4.82% | 15.02% | 19.26% | -19.78% | -13.48% | -18.60% | 26.44% |
CNUA.L UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc | 11.84% | 22.98% | 16.55% | -16.32% | -15.85% | 10.51% | 38.62% |
Correlation
The correlation between CNSG.L and CNUA.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.67 |
The correlation between CNSG.L and CNUA.L has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
CNSG.L vs. CNUA.L — Risk / Return Rank
CNSG.L
CNUA.L
CNSG.L vs. CNUA.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 UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.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.
| CNSG.L | CNUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.50 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 6.63 | -6.30 |
| Martin ratioReturn relative to average drawdown | 0.73 | 19.91 | -19.18 |
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
| CNSG.L | CNUA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 2.84 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.18 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.41 | -0.43 |
Drawdowns
CNSG.L vs. CNUA.L - Drawdown Comparison
The maximum CNSG.L drawdown since its inception was -57.38%, which is greater than CNUA.L's maximum drawdown of -38.31%. Use the drawdown chart below to compare losses from any high point for CNSG.L and CNUA.L.
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Drawdown Indicators
| CNSG.L | CNUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.38% | -38.31% | -19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -6.64% | -7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -21.43% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -51.82% | -38.31% | -13.51% |
Current DrawdownCurrent decline from peak | -36.10% | -2.17% | -33.93% |
Average DrawdownAverage peak-to-trough decline | -30.15% | -14.93% | -15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 2.22% | +4.34% |
Volatility
CNSG.L vs. CNUA.L - Volatility Comparison
UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) has a higher volatility of 6.07% compared to UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.L) at 5.67%. This indicates that CNSG.L's price experiences larger fluctuations and is considered to be riskier than CNUA.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 | CNUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.67% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 10.52% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 15.52% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 21.25% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.84% | 22.74% | +3.10% |
CNSG.L vs. CNUA.L - Expense Ratio Comparison
CNSG.L has a 0.45% expense ratio, which is higher than CNUA.L's 0.30% expense ratio.
Dividends
CNSG.L vs. CNUA.L - Dividend Comparison
Neither CNSG.L nor CNUA.L has paid dividends to shareholders.
Frequently Asked Questions
CNSG.L and CNUA.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNUA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNUA.L is cheaper with a 0.30% expense ratio, compared with 0.45% for CNSG.L.
CNSG.L tracks MSCI China NR USD, while CNUA.L tracks MSCI China A Onshore NR CNY. Their fees differ too: 0.45% for CNSG.L and 0.30% for CNUA.L.
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