CNUA.L vs. EUFM.L

Last updated Jun 5, 2026

CNUA.L (UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both exchange-traded funds - CNUA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, CNUA.L returned 3.76%/yr vs 9.69%/yr for EUFM.L. At a 0.24 correlation, their price movements are largely independent. CNUA.L charges 0.30%/yr vs 0.34%/yr for EUFM.L.

Performance

CNUA.L vs. EUFM.L - 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.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNUA.L achieves a 11.84% return, which is significantly higher than EUFM.L's 6.74% return.

CNUA.L

• 1D: -0.68%
• 1M: 2.91%
• YTD: 11.84%
• 6M: 15.17%
• 1Y: 44.25%
• 3Y*: 12.83%
• 5Y*: 3.76%
• 10Y*: —

EUFM.L

• 1D: 0.21%
• 1M: 2.81%
• YTD: 6.74%
• 6M: 8.89%
• 1Y: 16.80%
• 3Y*: 15.42%
• 5Y*: 9.69%
• 10Y*: —

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

CNUA.L vs. EUFM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc	6.74%	29.59%	3.25%	15.45%	-7.82%	13.50%	12.27%

Correlation

The correlation between CNUA.L and EUFM.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020	0.24

The correlation between CNUA.L and EUFM.L shifts across timeframes, from 0.18 (3 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.

CNUA.L vs. EUFM.L - Sectors Allocation Comparison

Sectors	CNUA.L	EUFM.L
Technology	27.2%	8.5%
Financial Services	18.8%	26.7%
Industrials	15.7%	23.5%
Basic Materials	12.4%	4.8%
Consumer Defensive	7.4%	6.7%
Consumer Cyclical	5.6%	6.6%
Healthcare	4.3%	4.3%
Energy	3.4%	3.7%
Utilities	3.2%	9.5%
Communication Services	1.4%	4.2%
Real Estate	0.6%	1.6%

Return for Risk

CNUA.L vs. EUFM.L — Risk / Return Rank

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

CNUA.L

CNUA.L Risk / Return Rank: 88
CNUA.L Sharpe Ratio Rank: 87
CNUA.L Sortino Ratio Rank: 85
CNUA.L Omega Ratio Rank: 84
CNUA.L Calmar Ratio Rank: 93
CNUA.L Martin Ratio Rank: 89

EUFM.L

EUFM.L Risk / Return Rank: 37
EUFM.L Sharpe Ratio Rank: 39
EUFM.L Sortino Ratio Rank: 37
EUFM.L Omega Ratio Rank: 41
EUFM.L Calmar Ratio Rank: 33
EUFM.L Martin Ratio Rank: 37

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.L vs. EUFM.L - 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.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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.

	CNUA.L	EUFM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.84	1.36	+1.48
Sortino ratio: Return per unit of downside risk	3.77	1.90	+1.87
Omega ratio: Gain probability vs. loss probability	1.50	1.26	+0.24
Calmar ratio: Return relative to maximum drawdown	6.63	1.58	+5.06
Martin ratio: Return relative to average drawdown	19.91	5.69	+14.22
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.L vs. EUFM.L - Sharpe Ratio Comparison

The current CNUA.L Sharpe Ratio is 2.84, which is higher than the EUFM.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of CNUA.L and EUFM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CNUA.L	EUFM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	1.36	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.67	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.53	-0.13

Drawdowns

CNUA.L vs. EUFM.L - Drawdown Comparison

The maximum CNUA.L drawdown since its inception was -38.31%, which is greater than EUFM.L's maximum drawdown of -30.14%. Use the drawdown chart below to compare losses from any high point for CNUA.L and EUFM.L.

Drawdown Indicators

	CNUA.L	EUFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.31%	-30.14%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-10.59%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.43%	-11.90%	-9.53%
Max Drawdown (5Y) Largest decline over 5 years	-38.31%	-20.86%	-17.45%
Current Drawdown Current decline from peak	-2.17%	-1.07%	-1.10%
Average Drawdown Average peak-to-trough decline	-14.93%	-5.19%	-9.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.95%	-0.73%

Volatility

CNUA.L vs. EUFM.L - Volatility Comparison

UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.L) has a higher volatility of 5.67% compared to UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) at 4.00%. This indicates that CNUA.L's price experiences larger fluctuations and is considered to be riskier than EUFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNUA.L	EUFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	4.00%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	10.33%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	15.52%	12.33%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	14.53%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.74%	16.13%	+6.61%

CNUA.L vs. EUFM.L - Expense Ratio Comparison

CNUA.L has a 0.30% expense ratio, which is lower than EUFM.L's 0.34% expense ratio.

Dividends

CNUA.L vs. EUFM.L - Dividend Comparison

Neither CNUA.L nor EUFM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CNUA.L and EUFM.L in my portfolio?

CNUA.L and EUFM.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CNUA.L or EUFM.L?

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.

Which ETF is cheaper, CNUA.L or EUFM.L?

CNUA.L is cheaper with a 0.30% expense ratio, compared with 0.34% for EUFM.L.

What is the main difference between CNUA.L and EUFM.L?

CNUA.L is categorized as China Equities, while EUFM.L is Europe Equities. CNUA.L tracks MSCI China A Onshore NR CNY, while EUFM.L tracks MSCI EMU NR EUR. Their fees differ too: 0.30% for CNUA.L and 0.34% for EUFM.L.