CNYA.L vs. LCCN.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and LCCN.L (Lyxor MSCI China UCITS ETF - Acc) are both China Equities funds - CNYA.L tracks the MSCI China A Inclusion Index (Net) while LCCN.L tracks the MSCI China NR USD. Both are passively managed. Over the past 5 years, CNYA.L returned -1.29%/yr vs -4.23%/yr for LCCN.L. A 0.76 correlation means they provide meaningful diversification when combined. CNYA.L charges 0.40%/yr vs 0.29%/yr for LCCN.L.
Performance
CNYA.L vs. LCCN.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 LCCN.L's -8.72% 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%
LCCN.L
- 1D
- 2.05%
- 1M
- -0.85%
- 6M
- -13.44%
- YTD
- -8.72%
- 1Y
- -0.57%
- 3Y*
- 8.66%
- 5Y*
- -4.23%
- 10Y*
- —
CNYA.L vs. LCCN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.63% |
LCCN.L Lyxor MSCI China UCITS ETF - Acc | -8.72% | 31.99% | 19.37% | -11.59% | -22.21% | -21.87% | 29.79% | 21.86% | -14.34% |
Correlation
The correlation between CNYA.L and LCCN.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2018 | 0.76 |
The correlation between CNYA.L and LCCN.L has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
CNYA.L vs. LCCN.L — Risk / Return Rank
CNYA.L
LCCN.L
CNYA.L vs. LCCN.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 Lyxor MSCI China UCITS ETF - Acc (LCCN.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 | LCCN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | -0.03 | +3.16 |
| Martin ratioReturn relative to average drawdown | 8.30 | -0.05 | +8.36 |
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Drawdowns
CNYA.L vs. LCCN.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, smaller than the maximum LCCN.L drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for CNYA.L and LCCN.L.
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Drawdown Indicators
| CNYA.L | LCCN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -62.38% | +10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -22.74% | +14.74% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -25.53% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -53.18% | +8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | — | — |
Current DrawdownCurrent decline from peak | -17.02% | -35.27% | +18.25% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -29.90% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 10.49% | -7.47% |
Volatility
CNYA.L vs. LCCN.L - Volatility Comparison
iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) has a higher volatility of 8.85% compared to Lyxor MSCI China UCITS ETF - Acc (LCCN.L) at 5.49%. This indicates that CNYA.L's price experiences larger fluctuations and is considered to be riskier than LCCN.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 | LCCN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 5.49% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 15.17% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 20.46% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 29.35% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 27.61% | -4.72% |
CNYA.L vs. LCCN.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is higher than LCCN.L's 0.29% expense ratio.
Dividends
CNYA.L vs. LCCN.L - Dividend Comparison
Neither CNYA.L nor LCCN.L has paid dividends to shareholders.
Frequently Asked Questions
CNYA.L and LCCN.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCCN.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCCN.L is cheaper with a 0.29% expense ratio, compared with 0.40% for CNYA.L.
CNYA.L tracks MSCI China A Inclusion Index (Net), while LCCN.L tracks MSCI China NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for CNYA.L and 0.29% for LCCN.L.
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