CNYA vs. EUNW.DE
CNYA (iShares MSCI China A ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - CNYA is a China Equities fund tracking the MSCI China A Inclusion Index, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, CNYA returned -1.14%/yr vs 1.71%/yr for EUNW.DE. At a 0.29 correlation, their price movements are largely independent. CNYA charges 0.60%/yr vs 0.50%/yr for EUNW.DE.
Performance
CNYA vs. EUNW.DE - Performance Comparison
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Different Trading Currencies
CNYA is traded in USD, while EUNW.DE is traded in EUR. To make them comparable, the EUNW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNYA achieves a 6.74% return, which is significantly higher than EUNW.DE's -0.48% return.
CNYA
- 1D
- 0.96%
- 1M
- -4.72%
- YTD
- 6.74%
- 6M
- 10.09%
- 1Y
- 32.54%
- 3Y*
- 10.74%
- 5Y*
- -1.14%
- 10Y*
- —
EUNW.DE
- 1D
- 0.23%
- 1M
- -0.55%
- YTD
- -0.48%
- 6M
- 0.24%
- 1Y
- 3.28%
- 3Y*
- 8.68%
- 5Y*
- 1.71%
- 10Y*
- 3.57%
CNYA vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 6.74% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 35.95% | -26.56% | 30.99% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -0.48% | 18.53% | -0.16% | 14.78% | -14.36% | -5.19% | 10.94% | 7.54% | -8.06% | 19.38% |
Correlation
The correlation between CNYA and EUNW.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016 | 0.29 |
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Return for Risk
CNYA vs. EUNW.DE — Risk / Return Rank
CNYA
EUNW.DE
CNYA vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE). 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 | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.08 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 0.44 | +3.87 |
| Martin ratioReturn relative to average drawdown | 11.93 | 1.27 | +10.67 |
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Drawdowns
CNYA vs. EUNW.DE - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, which is greater than EUNW.DE's maximum drawdown of -31.66%. Use the drawdown chart below to compare losses from any high point for CNYA and EUNW.DE.
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Drawdown Indicators
| CNYA | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -31.66% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -7.43% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -7.56% | -25.79% |
Max Drawdown (5Y)Largest decline over 5 years | -44.65% | -31.46% | -13.19% |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | -31.66% | -17.83% |
Current DrawdownCurrent decline from peak | -15.44% | -3.28% | -12.16% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -9.03% | -11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.58% | +0.16% |
Volatility
CNYA vs. EUNW.DE - Volatility Comparison
iShares MSCI China A ETF (CNYA) has a higher volatility of 6.52% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 1.82%. This indicates that CNYA's price experiences larger fluctuations and is considered to be riskier than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 1.82% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 5.85% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.76% | 7.63% | +10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.84% | 10.45% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 10.64% | +12.92% |
CNYA vs. EUNW.DE - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is higher than EUNW.DE's 0.50% expense ratio.
Dividends
CNYA vs. EUNW.DE - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.79%, less than EUNW.DE's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.79% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.16% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
CNYA and EUNW.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNW.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for CNYA.
CNYA is categorized as China Equities, while EUNW.DE is European High Yield Bonds. CNYA tracks MSCI China A Inclusion Index, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. Their fees differ too: 0.60% for CNYA and 0.50% for EUNW.DE.
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