CNYA.L vs. C500.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both China Equities funds - CNYA.L tracks the MSCI China A Inclusion Index (Net) while C500.L tracks the S&P China A MidCap 500 Index. Both are passively managed. Over the past 3 years, CNYA.L returned 9.63%/yr vs 3.42%/yr for C500.L. A 0.75 correlation means they provide meaningful diversification when combined. CNYA.L charges 0.40%/yr vs 0.35%/yr for C500.L.
Performance
CNYA.L vs. C500.L - Performance Comparison
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Returns By Period
CNYA.L
- 1D
- -2.16%
- 1M
- -4.94%
- 6M
- 0.97%
- YTD
- 4.12%
- 1Y
- 25.16%
- 3Y*
- 9.63%
- 5Y*
- -1.29%
- 10Y*
- 5.34%
C500.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 3.42%
- 5Y*
- —
- 10Y*
- —
CNYA.L vs. C500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CNYA.L iShares MSCI China A UCITS ETF USD (Acc) | 4.12% | 26.26% | 11.19% | -14.20% | -0.21% |
C500.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc | 0.00% | 6.99% | 12.50% | -9.06% | 11.25% |
Correlation
The correlation between CNYA.L and C500.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.75 |
The correlation between CNYA.L and C500.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
CNYA.L vs. C500.L — Risk / Return Rank
CNYA.L
C500.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNYA.L vs. C500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNYA.L | C500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | — | — |
| Martin ratioReturn relative to average drawdown | 8.30 | — | — |
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Drawdowns
CNYA.L vs. C500.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, which is greater than C500.L's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for CNYA.L and C500.L.
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Drawdown Indicators
| CNYA.L | C500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -35.90% | -16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | 0.00% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -27.05% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | — | — |
Current DrawdownCurrent decline from peak | -17.02% | -11.28% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -14.01% | -18.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.00% | +3.02% |
Volatility
CNYA.L vs. C500.L - Volatility Comparison
iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) has a higher volatility of 8.85% compared to Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) at 0.00%. This indicates that CNYA.L's price experiences larger fluctuations and is considered to be riskier than C500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA.L | C500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 0.00% | +8.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 0.00% | +15.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 0.00% | +19.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 23.51% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 23.51% | -0.62% |
CNYA.L vs. C500.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is higher than C500.L's 0.35% expense ratio.
Dividends
CNYA.L vs. C500.L - Dividend Comparison
Neither CNYA.L nor C500.L has paid dividends to shareholders.
Frequently Asked Questions
CNYA.L and C500.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, C500.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
C500.L is cheaper with a 0.35% expense ratio, compared with 0.40% for CNYA.L.
CNYA.L tracks MSCI China A Inclusion Index (Net), while C500.L tracks S&P China A MidCap 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for CNYA.L and 0.35% for C500.L.
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