CNYA.L vs. IWDA.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CNYA.L is a China Equities fund tracking the MSCI China A Inclusion Index (Net), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, CNYA.L returned 5.34%/yr vs 12.99%/yr for IWDA.L. At a 0.41 correlation, their price movements are largely independent. CNYA.L charges 0.40%/yr vs 0.20%/yr for IWDA.L.
Performance
CNYA.L vs. IWDA.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 lower than IWDA.L's 10.17% return. Over the past 10 years, CNYA.L has underperformed IWDA.L with an annualized return of 5.34%, while IWDA.L has yielded a comparatively higher 12.99% 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%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
CNYA.L vs. IWDA.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% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between CNYA.L and IWDA.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015 | 0.41 |
The correlation between CNYA.L and IWDA.L shifts across timeframes, from 0.31 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CNYA.L vs. IWDA.L — Risk / Return Rank
CNYA.L
IWDA.L
CNYA.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.64 | +0.49 |
| Martin ratioReturn relative to average drawdown | 8.30 | 10.75 | -2.45 |
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Drawdowns
CNYA.L vs. IWDA.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CNYA.L and IWDA.L.
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Drawdown Indicators
| CNYA.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -34.11% | -18.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -8.31% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -16.94% | -11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -25.88% | -18.68% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -34.11% | -15.20% |
Current DrawdownCurrent decline from peak | -17.02% | -0.12% | -16.90% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -4.39% | -27.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.04% | +0.98% |
Volatility
CNYA.L vs. IWDA.L - Volatility Comparison
iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) has a higher volatility of 8.85% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that CNYA.L's price experiences larger fluctuations and is considered to be riskier than IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 2.72% | +6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 9.80% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 12.26% | +7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 15.73% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 15.78% | +7.11% |
CNYA.L vs. IWDA.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
CNYA.L vs. IWDA.L - Dividend Comparison
Neither CNYA.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
CNYA.L and IWDA.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.40% for CNYA.L.
CNYA.L is categorized as China Equities, while IWDA.L is Global Equities. CNYA.L tracks MSCI China A Inclusion Index (Net), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.40% for CNYA.L and 0.20% for IWDA.L.
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