CNYA.L vs. CNUA.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and CNUA.L (UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc) are both China Equities funds - CNYA.L tracks the MSCI China A Inclusion Index (Net) while CNUA.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, CNYA.L returned -1.29%/yr vs 3.18%/yr for CNUA.L. Their correlation of 0.82 suggests significant overlap in exposure. CNYA.L charges 0.40%/yr vs 0.30%/yr for CNUA.L.
Performance
CNYA.L vs. CNUA.L - Performance Comparison
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Different Trading Currencies
CNYA.L is traded in USD, while CNUA.L is traded in GBp. To make them comparable, the CNUA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNYA.L achieves a 4.12% return, which is significantly lower than CNUA.L's 10.63% return.
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%
CNUA.L
- 1D
- 0.38%
- 1M
- -1.59%
- 6M
- 6.99%
- YTD
- 10.63%
- 1Y
- 35.75%
- 3Y*
- 15.09%
- 5Y*
- 3.18%
- 10Y*
- —
CNYA.L vs. CNUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CNYA.L iShares MSCI China A UCITS ETF USD (Acc) | 4.12% | 26.26% | 11.19% | -14.20% | -26.19% | 3.18% | 41.35% |
CNUA.L UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc | 10.63% | 32.26% | 14.61% | -11.91% | -23.98% | 8.26% | 14.16% |
Correlation
The correlation between CNYA.L and CNUA.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020 | 0.82 |
The correlation between CNYA.L and CNUA.L shifts across timeframes, from 0.82 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CNYA.L vs. CNUA.L — Risk / Return Rank
CNYA.L
CNUA.L
CNYA.L vs. CNUA.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 UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.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 | CNUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 4.84 | -1.71 |
| Martin ratioReturn relative to average drawdown | 8.30 | 13.22 | -4.92 |
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Drawdowns
CNYA.L vs. CNUA.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, which is greater than CNUA.L's maximum drawdown of -43.75%. Use the drawdown chart below to compare losses from any high point for CNYA.L and CNUA.L.
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Drawdown Indicators
| CNYA.L | CNUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -43.75% | -8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -7.35% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -29.24% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -41.06% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | — | — |
Current DrawdownCurrent decline from peak | -17.02% | -4.73% | -12.29% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -20.20% | -11.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.70% | +0.32% |
Volatility
CNYA.L vs. CNUA.L - Volatility Comparison
iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) has a higher volatility of 8.85% compared to UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.L) at 8.38%. This indicates that CNYA.L's price experiences larger fluctuations and is considered to be riskier than CNUA.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 | CNUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 8.38% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 14.03% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 18.31% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 26.52% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 28.60% | -5.71% |
CNYA.L vs. CNUA.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is higher than CNUA.L's 0.30% expense ratio.
Dividends
CNYA.L vs. CNUA.L - Dividend Comparison
Neither CNYA.L nor CNUA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, CNYA.L and CNUA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
CNUA.L is cheaper with a 0.30% expense ratio, compared with 0.40% for CNYA.L.
CNYA.L tracks MSCI China A Inclusion Index (Net), while CNUA.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for CNYA.L and 0.30% for CNUA.L.
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