CNYA vs. CN

Last updated Aug 4, 2026

CNYA (iShares MSCI China A ETF) and CN (Xtrackers MSCI All China Equity ETF) are both China Equities funds - CNYA tracks the MSCI China A Inclusion Index while CN tracks the MSCI China All Shares. Both are passively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. CNYA charges 0.60%/yr vs 0.50%/yr for CN.

Performance

CNYA vs. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China A ETF (CNYA) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

CN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNYA iShares MSCI China A ETF	$1.46M	$2.43M	$4.11M

CNYA vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNYA iShares MSCI China A ETF	1.42%	26.48%	10.78%	-13.76%	-26.51%	3.53%	41.54%	35.95%	-26.56%	30.99%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-22.41%	43.69%

Correlation

The correlation between CNYA and CN is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016	0.71

The correlation between CNYA and CN shifts across timeframes, from 0.34 (3 years) to 0.71 (10 years), reflecting how their relationship changes across market environments.

CNYA vs. CN - Sectors Allocation Comparison

Sectors	CNYA	CN
Technology	37.3%	0.3%
Financial Services	16.8%	55.1%
Industrials	14.2%	1.0%
Basic Materials	10.7%	0.6%
Consumer Defensive	5.8%	0.3%
Consumer Cyclical	4.3%	5.4%
Healthcare	3.8%	0.8%
Utilities	2.9%	0.2%
Energy	2.6%	0.9%
Communication Services	1.1%	0.4%
Real Estate	0.5%	0.8%

Return for Risk

CNYA vs. CN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CNYA

CNYA Risk / Return Rank: 44
CNYA Sharpe Ratio Rank: 40
CNYA Sortino Ratio Rank: 40
CNYA Omega Ratio Rank: 39
CNYA Calmar Ratio Rank: 54
CNYA Martin Ratio Rank: 48

CN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CNYA vs. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and Xtrackers MSCI All China Equity ETF (CN). 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	CN	Difference
Sharpe ratio: Return per unit of total volatility	1.02	—	—
Sortino ratio: Return per unit of downside risk	1.49	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.98	—	—
Martin ratio: Return relative to average drawdown	5.71	—	—

Drawdowns

Drawdown Indicators

	CNYA	CN	Difference
Max Drawdown Largest peak-to-trough decline	-49.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.49%	—	—
Current Drawdown Current decline from peak	-19.65%	—	—
Average Drawdown Average peak-to-trough decline	-20.61%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	—	—

Volatility

Volatility by Period

	CNYA	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	—	—

CNYA vs. CN - Expense Ratio Comparison

CNYA has a 0.60% expense ratio, which is higher than CN's 0.50% expense ratio.

Dividends

CNYA vs. CN - Dividend Comparison

CNYA's dividend yield for the trailing twelve months is around 1.85%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
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%	0.00%

Frequently Asked Questions

Can I hold both CNYA and CN in my portfolio?

CNYA and CN have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CNYA or CN?

On fees, CN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNYA or CN?

CN is cheaper with a 0.50% expense ratio, compared with 0.60% for CNYA.

Which ETF pays a higher dividend yield, CNYA or CN?

CNYA has the higher dividend yield at 1.85%, compared with 0.00% for CN.

What is the main difference between CNYA and CN?

CNYA tracks MSCI China A Inclusion Index, while CN tracks MSCI China All Shares. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.60% for CNYA and 0.50% for CN.