CNYA vs. CHILX
CNYA (iShares MSCI China A ETF) and CHILX (BlackRock China A Opportunities Fund) are both China Equities funds. Over the past 5 years, CNYA returned -1.55%/yr vs -0.04%/yr for CHILX. Their correlation of 0.92 means they have usually moved in the same direction. CNYA charges 0.60%/yr vs 0.99%/yr for CHILX.
Performance
CNYA vs. CHILX - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA achieves a 1.42% return, which is significantly lower than CHILX's 5.79% return.
CNYA
- 1D
- -0.48%
- 1M
- -4.50%
- 6M
- 1.02%
- YTD
- 1.42%
- 1Y
- 20.44%
- 3Y*
- 7.23%
- 5Y*
- -1.55%
- 10Y*
- 5.24%
- ALL TIME*
- 5.58%
CHILX
- 1D
- -0.18%
- 1M
- -5.03%
- 6M
- 3.96%
- YTD
- 5.79%
- 1Y
- 23.51%
- 3Y*
- 10.00%
- 5Y*
- -0.04%
- 10Y*
- —
- ALL TIME*
- 11.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.46M | $2.43M | $4.11M |
CNYA vs. CHILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.42% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 36.82% |
CHILX BlackRock China A Opportunities Fund | 5.79% | 26.30% | 15.44% | -12.29% | -28.54% | 3.54% | 48.69% | 48.44% |
Correlation
The correlation between CNYA and CHILX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019 | 0.92 |
The correlation between CNYA and CHILX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
CNYA vs. CHILX — Risk / Return Rank
CNYA
CHILX
CNYA vs. CHILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and BlackRock China A Opportunities Fund (CHILX). 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 | CHILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.01 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.71 | 6.37 | -0.65 |
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Drawdowns
CNYA vs. CHILX - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, roughly equal to the maximum CHILX drawdown of -47.73%. Use the drawdown chart below to compare losses from any high point for CNYA and CHILX.
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Drawdown Indicators
| CNYA | CHILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -47.73% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -11.64% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -22.21% | -11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -44.65% | -43.88% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | — | — |
Current DrawdownCurrent decline from peak | -19.65% | -11.50% | -8.15% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -20.17% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.66% | -0.08% |
Volatility
CNYA vs. CHILX - Volatility Comparison
The current volatility for iShares MSCI China A ETF (CNYA) is 8.01%, while BlackRock China A Opportunities Fund (CHILX) has a volatility of 10.16%. This indicates that CNYA experiences smaller price fluctuations and is considered to be less risky than CHILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA | CHILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 10.16% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 17.04% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 20.69% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 20.75% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 22.11% | +1.52% |
CNYA vs. CHILX - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than CHILX's 0.99% expense ratio.
Dividends
CNYA vs. CHILX - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.85%, less than CHILX's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CHILX BlackRock China A Opportunities Fund | 2.78% | 2.94% | 2.11% | 2.02% | 0.92% | 1.19% | 3.64% | 12.77% | 0.00% | 0.00% | 0.00% |
CNYA iShares MSCI China A ETF | 1.85% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
Frequently Asked Questions
With a correlation of 0.94, CNYA and CHILX 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.
CHILX has higher volatility (10.16%) compared to CNYA (8.01%). In terms of maximum drawdown, CNYA dropped -49.49% vs CHILX's -47.73%.
CHILX currently has the higher Sharpe Ratio (1.13 vs 1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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