CNSG.L vs. UC44.L
CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) and UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) are both exchange-traded funds - CNSG.L is a China Equities fund tracking the MSCI China NR USD, while UC44.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, CNSG.L returned -5.51%/yr vs 10.84%/yr for UC44.L. At a 0.41 correlation, their price movements are largely independent. CNSG.L charges 0.45%/yr vs 0.22%/yr for UC44.L.
Performance
CNSG.L vs. UC44.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 UC44.L's 9.19% 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*
- —
UC44.L
- 1D
- 0.39%
- 1M
- 6.87%
- YTD
- 9.19%
- 6M
- 9.44%
- 1Y
- 20.96%
- 3Y*
- 14.50%
- 5Y*
- 10.84%
- 10Y*
- 13.02%
CNSG.L vs. UC44.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% |
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis | 9.19% | 5.87% | 18.30% | 22.09% | -15.47% | 26.34% | 14.89% | 2.59% |
Correlation
The correlation between CNSG.L and UC44.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.41 |
The correlation between CNSG.L and UC44.L shifts across timeframes, from 0.29 (3 years) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CNSG.L vs. UC44.L — Risk / Return Rank
CNSG.L
UC44.L
CNSG.L vs. UC44.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 (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.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 | UC44.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 2.17 | -1.83 |
| Martin ratioReturn relative to average drawdown | 0.73 | 7.73 | -7.00 |
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 | UC44.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 1.81 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.75 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.78 | -0.81 |
Drawdowns
CNSG.L vs. UC44.L - Drawdown Comparison
The maximum CNSG.L drawdown since its inception was -57.38%, which is greater than UC44.L's maximum drawdown of -24.11%. Use the drawdown chart below to compare losses from any high point for CNSG.L and UC44.L.
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Drawdown Indicators
| CNSG.L | UC44.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.38% | -24.11% | -33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -9.61% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -20.15% | -7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -51.82% | -22.39% | -29.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.11% | — |
Current DrawdownCurrent decline from peak | -36.10% | 0.00% | -36.10% |
Average DrawdownAverage peak-to-trough decline | -30.15% | -4.52% | -25.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 2.71% | +3.85% |
Volatility
CNSG.L vs. UC44.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 (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) at 3.13%. This indicates that CNSG.L's price experiences larger fluctuations and is considered to be riskier than UC44.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 | UC44.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 3.13% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 8.72% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 11.50% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 14.43% | +12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.84% | 14.93% | +10.91% |
CNSG.L vs. UC44.L - Expense Ratio Comparison
CNSG.L has a 0.45% expense ratio, which is higher than UC44.L's 0.22% expense ratio.
Dividends
CNSG.L vs. UC44.L - Dividend Comparison
CNSG.L has not paid dividends to shareholders, while UC44.L's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis | 0.86% | 1.01% | 1.05% | 1.13% | 1.33% | 1.01% | 1.23% | 1.70% | 1.88% | 1.91% | 1.81% | 1.78% |
Frequently Asked Questions
CNSG.L and UC44.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC44.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC44.L is cheaper with a 0.22% expense ratio, compared with 0.45% for CNSG.L.
CNSG.L is categorized as China Equities, while UC44.L is Global Equities. CNSG.L tracks MSCI China NR USD, while UC44.L tracks MSCI ACWI NR USD. Their fees differ too: 0.45% for CNSG.L and 0.22% for UC44.L.
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