CNYA.L vs. IGLN.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CNYA.L is a China Equities fund tracking the MSCI China A Inclusion Index (Net), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CNYA.L returned 5.34%/yr vs 11.58%/yr for IGLN.L. At a 0.13 correlation, their price movements are largely independent. CNYA.L charges 0.40%/yr vs 0.12%/yr for IGLN.L.
Performance
CNYA.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA.L achieves a 4.12% return, which is significantly higher than IGLN.L's -6.13% return. Over the past 10 years, CNYA.L has underperformed IGLN.L with an annualized return of 5.34%, while IGLN.L has yielded a comparatively higher 11.58% annualized 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%
IGLN.L
- 1D
- -0.82%
- 1M
- -7.02%
- 6M
- -12.44%
- YTD
- -6.13%
- 1Y
- 21.47%
- 3Y*
- 27.22%
- 5Y*
- 17.30%
- 10Y*
- 11.58%
CNYA.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNYA.L iShares MSCI China A UCITS ETF USD (Acc) | 4.12% | 26.26% | 11.19% | -14.20% | -26.19% | 3.18% | 42.31% | 34.76% | -26.13% | 30.21% |
IGLN.L iShares Physical Gold ETC | -6.13% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between CNYA.L and IGLN.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015 | 0.13 |
Over the past year, CNYA.L and IGLN.L have become more correlated (0.42) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
CNYA.L vs. IGLN.L — Risk / Return Rank
CNYA.L
IGLN.L
CNYA.L vs. IGLN.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 iShares Physical Gold ETC (IGLN.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 | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 0.88 | +2.25 |
| Martin ratioReturn relative to average drawdown | 8.30 | 2.15 | +6.15 |
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Drawdowns
CNYA.L vs. IGLN.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, which is greater than IGLN.L's maximum drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for CNYA.L and IGLN.L.
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Drawdown Indicators
| CNYA.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -45.25% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -24.39% | +16.39% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -24.39% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -24.39% | -20.17% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -24.39% | -24.92% |
Current DrawdownCurrent decline from peak | -17.02% | -23.66% | +6.64% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -19.73% | -12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 9.97% | -6.95% |
Volatility
CNYA.L vs. IGLN.L - Volatility Comparison
iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) has a higher volatility of 8.85% compared to iShares Physical Gold ETC (IGLN.L) at 7.59%. This indicates that CNYA.L's price experiences larger fluctuations and is considered to be riskier than IGLN.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 | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 7.59% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 23.02% | -7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 26.39% | -7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 17.79% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 15.74% | +7.15% |
CNYA.L vs. IGLN.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is higher than IGLN.L's 0.12% expense ratio.
Dividends
CNYA.L vs. IGLN.L - Dividend Comparison
Neither CNYA.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CNYA.L and IGLN.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.40% for CNYA.L.
CNYA.L is categorized as China Equities, while IGLN.L is Gold. CNYA.L tracks MSCI China A Inclusion Index (Net), while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.40% for CNYA.L and 0.12% for IGLN.L.
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