CNSG.L vs. M9SV.L
CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) and M9SV.L (Market Access STOXX China A Minimum Variance UCITS ETF) are both China Equities funds - CNSG.L tracks the MSCI China NR USD while M9SV.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 4.90%/yr for M9SV.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
CNSG.L vs. M9SV.L - Performance Comparison
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Different Trading Currencies
CNSG.L is traded in GBp, while M9SV.L is traded in GBP. To make them comparable, the M9SV.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 -4.82% return, which is significantly lower than M9SV.L's -1.93% 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*
- —
M9SV.L
- 1D
- -0.83%
- 1M
- -1.77%
- YTD
- -1.93%
- 6M
- -1.72%
- 1Y
- 7.63%
- 3Y*
- 6.60%
- 5Y*
- 4.90%
- 10Y*
- —
CNSG.L vs. M9SV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 25.87% | 2.75% |
M9SV.L Market Access STOXX China A Minimum Variance UCITS ETF | -1.93% | 0.90% | 30.31% | 0.87% | -6.40% | 7.53% | 22.73% | -5.44% |
Correlation
The correlation between CNSG.L and M9SV.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.49 |
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Return for Risk
CNSG.L vs. M9SV.L — Risk / Return Rank
CNSG.L
M9SV.L
CNSG.L vs. M9SV.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 Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.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 | M9SV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.87 | -0.53 |
| Martin ratioReturn relative to average drawdown | 0.73 | 2.39 | -1.66 |
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 | M9SV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.62 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.25 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.30 | -0.33 |
Drawdowns
CNSG.L vs. M9SV.L - Drawdown Comparison
The maximum CNSG.L drawdown since its inception was -57.38%, which is greater than M9SV.L's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for CNSG.L and M9SV.L.
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Drawdown Indicators
| CNSG.L | M9SV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.38% | -21.64% | -35.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -8.71% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -21.64% | -6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -51.82% | -21.64% | -30.18% |
Current DrawdownCurrent decline from peak | -36.10% | -11.94% | -24.16% |
Average DrawdownAverage peak-to-trough decline | -30.15% | -7.84% | -22.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 3.19% | +3.37% |
Volatility
CNSG.L vs. M9SV.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 Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.L) at 2.56%. This indicates that CNSG.L's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 2.56% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 7.77% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 12.18% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 19.98% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.84% | 20.48% | +5.36% |
CNSG.L vs. M9SV.L - Expense Ratio Comparison
Both CNSG.L and M9SV.L have an expense ratio of 0.45%.
Dividends
CNSG.L vs. M9SV.L - Dividend Comparison
Neither CNSG.L nor M9SV.L has paid dividends to shareholders.
Frequently Asked Questions
CNSG.L and M9SV.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CNSG.L and M9SV.L have the same expense ratio: 0.45% per year.
CNSG.L tracks MSCI China NR USD, while M9SV.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: UBS and China Post Global.
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