CNYA.L vs. RQFI.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and RQFI.L (Xtrackers Harvest CSI 300 UCITS ETF 1D) are both China Equities funds - CNYA.L tracks the MSCI China A Inclusion Index (Net) while RQFI.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, CNYA.L returned 5.34%/yr vs 5.12%/yr for RQFI.L. Their correlation of 0.91 suggests significant overlap in exposure. CNYA.L charges 0.40%/yr vs 0.65%/yr for RQFI.L.
Performance
CNYA.L vs. RQFI.L - Performance Comparison
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Different Trading Currencies
CNYA.L is traded in USD, while RQFI.L is traded in GBp. To make them comparable, the RQFI.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 RQFI.L's 7.40% return. Both investments have delivered pretty close results over the past 10 years, with CNYA.L having a 5.34% annualized return and RQFI.L not far behind at 5.12%.
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%
RQFI.L
- 1D
- 0.53%
- 1M
- -1.60%
- 6M
- 5.16%
- YTD
- 7.40%
- 1Y
- 29.27%
- 3Y*
- 11.08%
- 5Y*
- -0.42%
- 10Y*
- 5.12%
CNYA.L vs. RQFI.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% |
RQFI.L Xtrackers Harvest CSI 300 UCITS ETF 1D | 7.40% | 27.41% | 13.32% | -13.73% | -27.09% | -1.36% | 37.63% | 34.94% | -27.94% | 32.17% |
Correlation
The correlation between CNYA.L and RQFI.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015 | 0.91 |
The correlation between CNYA.L and RQFI.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
CNYA.L vs. RQFI.L — Risk / Return Rank
CNYA.L
RQFI.L
CNYA.L vs. RQFI.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 Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.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 | RQFI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.92 | -0.78 |
| Martin ratioReturn relative to average drawdown | 8.30 | 11.02 | -2.71 |
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Drawdowns
CNYA.L vs. RQFI.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, roughly equal to the maximum RQFI.L drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for CNYA.L and RQFI.L.
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Drawdown Indicators
| CNYA.L | RQFI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -50.90% | -1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -7.44% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -27.19% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -44.09% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -50.90% | +1.59% |
Current DrawdownCurrent decline from peak | -17.02% | -16.24% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -31.14% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.65% | +0.37% |
Volatility
CNYA.L vs. RQFI.L - Volatility Comparison
iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) has a higher volatility of 8.85% compared to Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.L) at 8.07%. This indicates that CNYA.L's price experiences larger fluctuations and is considered to be riskier than RQFI.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 | RQFI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 8.07% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 13.01% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 17.35% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 22.23% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 22.47% | +0.42% |
CNYA.L vs. RQFI.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is lower than RQFI.L's 0.65% expense ratio.
Dividends
CNYA.L vs. RQFI.L - Dividend Comparison
CNYA.L has not paid dividends to shareholders, while RQFI.L's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA.L iShares MSCI China A UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RQFI.L Xtrackers Harvest CSI 300 UCITS ETF 1D | 1.48% | 1.77% | 1.46% | 1.99% | 1.88% | 0.93% | 1.26% | 0.76% | 2.23% | 1.92% | 1.69% | 0.37% |
Frequently Asked Questions
With a correlation of 0.92, CNYA.L and RQFI.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, CNYA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYA.L is cheaper with a 0.40% expense ratio, compared with 0.65% for RQFI.L.
CNYA.L tracks MSCI China A Inclusion Index (Net), while RQFI.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for CNYA.L and 0.65% for RQFI.L.
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