CNUA.DE vs. MCHI

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) and iShares MSCI China ETF (MCHI).

CNUA.DE and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNUA.DE is a passively managed fund by UBS that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Feb 18, 2020. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both CNUA.DE and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CNUA.DE vs. MCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) and iShares MSCI China ETF (MCHI). The values are adjusted to include any dividend payments, if applicable.

CNUA.DE vs. MCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CNUA.DE UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc	1.86%	15.18%	24.15%	-14.62%	-18.77%	18.43%	30.72%
MCHI iShares MSCI China ETF	-5.36%	15.49%	25.50%	-14.58%	-18.24%	-15.89%	18.98%

Different Trading Currencies

CNUA.DE is traded in EUR, while MCHI is traded in USD. To make them comparable, the MCHI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CNUA.DE achieves a 1.86% return, which is significantly higher than MCHI's -5.34% return.

CNUA.DE

• 1D: 0.30%
• 1M: -4.90%
• YTD: 1.86%
• 6M: 5.10%
• 1Y: 21.83%
• 3Y*: 6.12%
• 5Y*: 2.66%
• 10Y*: —

MCHI

• 1D: 0.00%
• 1M: -1.20%
• YTD: -5.34%
• 6M: -14.27%
• 1Y: -1.06%
• 3Y*: 4.36%
• 5Y*: -5.38%
• 10Y*: 4.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNUA.DE vs. MCHI - Expense Ratio Comparison

CNUA.DE has a 0.30% expense ratio, which is lower than MCHI's 0.59% expense ratio.

MCHI

iShares MSCI China ETF

CNUA.DE

UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc

Return for Risk

CNUA.DE vs. MCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNUA.DE

CNUA.DE Risk / Return Rank: 43
CNUA.DE Sharpe Ratio Rank: 38
CNUA.DE Sortino Ratio Rank: 44
CNUA.DE Omega Ratio Rank: 57
CNUA.DE Calmar Ratio Rank: 46
CNUA.DE Martin Ratio Rank: 29

MCHI

MCHI Risk / Return Rank: 16
MCHI Sharpe Ratio Rank: 17
MCHI Sortino Ratio Rank: 17
MCHI Omega Ratio Rank: 17
MCHI Calmar Ratio Rank: 15
MCHI Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNUA.DE vs. MCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) and iShares MSCI China ETF (MCHI). 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.

	CNUA.DE	MCHI	Difference
Sharpe ratio Return per unit of total volatility	0.76	-0.04	+0.81
Sortino ratio Return per unit of downside risk	1.30	0.11	+1.19
Omega ratio Gain probability vs. loss probability	1.22	1.01	+0.21
Calmar ratio Return relative to maximum drawdown	1.33	-0.12	+1.45
Martin ratio Return relative to average drawdown	2.80	-0.30	+3.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNUA.DE vs. MCHI - Sharpe Ratio Comparison

The current CNUA.DE Sharpe Ratio is 0.76, which is higher than the MCHI Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of CNUA.DE and MCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNUA.DE	MCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	-0.04	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	-0.18	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.15	+0.14

Correlation

The correlation between CNUA.DE and MCHI is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CNUA.DE vs. MCHI - Dividend Comparison

CNUA.DE has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.28%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNUA.DE UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MCHI iShares MSCI China ETF	2.28%	2.12%	2.31%	2.66%	1.78%	1.04%	1.04%	1.45%	1.60%	1.56%	1.66%	2.76%

Drawdowns

CNUA.DE vs. MCHI - Drawdown Comparison

The maximum CNUA.DE drawdown since its inception was -37.81%, smaller than the maximum MCHI drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for CNUA.DE and MCHI.

Drawdown Indicators

	CNUA.DE	MCHI	Difference
Max Drawdown Largest peak-to-trough decline	-37.81%	-62.95%	+25.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.76%	-17.17%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-37.81%	-57.18%	+19.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.95%	—
Current Drawdown Current decline from peak	-11.27%	-36.61%	+25.34%
Average Drawdown Average peak-to-trough decline	-15.41%	-24.41%	+9.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	6.63%	+1.36%

Volatility

CNUA.DE vs. MCHI - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) is 4.99%, while iShares MSCI China ETF (MCHI) has a volatility of 6.43%. This indicates that CNUA.DE experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNUA.DE	MCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	6.43%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	24.99%	14.72%	+10.27%
Volatility (1Y) Calculated over the trailing 1-year period	28.42%	24.08%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	29.28%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.43%	26.72%	-0.29%