CNYA vs. ISVBF

Last updated Jul 18, 2026

CNYA (iShares MSCI China A ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds from iShares tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, CNYA returned -2.00%/yr vs -5.86%/yr for ISVBF. At a 0.26 correlation, their price movements are largely independent. CNYA charges 0.60%/yr vs 0.40%/yr for ISVBF.

Performance

CNYA vs. ISVBF - Performance Comparison

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

Returns By Period

In the year-to-date period, CNYA achieves a 0.50% return, which is significantly higher than ISVBF's -11.22% return.

CNYA

• 1D: -2.67%
• 1M: -7.65%
• 6M: -2.15%
• YTD: 0.50%
• 1Y: 19.33%
• 3Y*: 8.47%
• 5Y*: -2.00%
• 10Y*: 4.98%

ISVBF

• 1D: -2.45%
• 1M: -0.50%
• 6M: -14.17%
• YTD: -11.22%
• 1Y: -4.49%
• 3Y*: 7.64%
• 5Y*: -5.86%
• 10Y*: —

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

CNYA vs. ISVBF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CNYA iShares MSCI China A ETF	0.50%	26.48%	10.78%	-13.76%	-26.51%	5.37%
ISVBF iShares MSCI China A UCITS ETF	-11.22%	30.64%	18.96%	-9.28%	-23.01%	-22.12%

Correlation

The correlation between CNYA and ISVBF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.26

Over the past year, CNYA and ISVBF have become more correlated (0.47) than their long-term average of 0.26, meaning their price movements have been converging.

Return for Risk

CNYA vs. ISVBF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNYA

CNYA Risk / Return Rank: 38
CNYA Sharpe Ratio Rank: 33
CNYA Sortino Ratio Rank: 32
CNYA Omega Ratio Rank: 32
CNYA Calmar Ratio Rank: 45
CNYA Martin Ratio Rank: 47

ISVBF

ISVBF Risk / Return Rank: 8
ISVBF Sharpe Ratio Rank: 9
ISVBF Sortino Ratio Rank: 9
ISVBF Omega Ratio Rank: 9
ISVBF Calmar Ratio Rank: 8
ISVBF Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNYA vs. ISVBF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and iShares MSCI China A UCITS ETF (ISVBF). 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	ISVBF	Difference
Sharpe ratio: Return per unit of total volatility	0.98	-0.14	+1.12
Sortino ratio: Return per unit of downside risk	1.43	0.02	+1.42
Omega ratio: Gain probability vs. loss probability	1.18	1.00	+0.18
Calmar ratio: Return relative to maximum drawdown	1.87	-0.19	+2.06
Martin ratio: Return relative to average drawdown	6.30	-0.42	+6.72

CNYA vs. ISVBF - Sharpe Ratio Comparison

The current CNYA Sharpe Ratio is 0.98, which is higher than the ISVBF Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of CNYA and ISVBF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CNYA vs. ISVBF - Drawdown Comparison

The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum ISVBF drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for CNYA and ISVBF.

Drawdown Indicators

	CNYA	ISVBF	Difference
Max Drawdown Largest peak-to-trough decline	-49.49%	-53.78%	+4.29%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-24.14%	+13.77%
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	-24.14%	-9.21%
Max Drawdown (5Y) Largest decline over 5 years	-44.65%	-52.51%	+7.86%
Max Drawdown (10Y) Largest decline over 10 years	-49.49%	—	—
Current Drawdown Current decline from peak	-20.39%	-28.04%	+7.65%
Average Drawdown Average peak-to-trough decline	-20.61%	-32.63%	+12.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	10.62%	-7.54%

Volatility

CNYA vs. ISVBF - Volatility Comparison

iShares MSCI China A ETF (CNYA) has a higher volatility of 9.17% compared to iShares MSCI China A UCITS ETF (ISVBF) at 7.79%. This indicates that CNYA's price experiences larger fluctuations and is considered to be riskier than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNYA	ISVBF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	7.79%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	27.11%	-11.57%
Volatility (1Y) Calculated over the trailing 1-year period	19.93%	31.54%	-11.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.09%	30.47%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.62%	30.12%	-6.50%

CNYA vs. ISVBF - Expense Ratio Comparison

CNYA has a 0.60% expense ratio, which is higher than ISVBF's 0.40% expense ratio.

Dividends

CNYA vs. ISVBF - Dividend Comparison

CNYA's dividend yield for the trailing twelve months is around 1.87%, while ISVBF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CNYA iShares MSCI China A ETF	1.87%	1.92%	2.51%	4.23%	2.69%	1.11%	1.06%	1.21%	3.92%	0.97%	1.38%
ISVBF iShares MSCI China A UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNYA and ISVBF in my portfolio?

CNYA and ISVBF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNYA or ISVBF?

CNYA has higher volatility (9.17%) compared to ISVBF (7.79%). In terms of maximum drawdown, CNYA dropped -49.49% vs ISVBF's -53.78%.

Which ETF is better, CNYA or ISVBF?

On 5-year performance, CNYA leads with -2.00% vs -5.86% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 7.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNYA or ISVBF?

Over the 5-year period, CNYA has performed better with a -2.00% return vs -5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNYA or ISVBF?

ISVBF is cheaper with a 0.40% expense ratio, compared with 0.60% for CNYA.

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

CNYA has the higher dividend yield at 1.87%, compared with 0.00% for ISVBF.

What is the main difference between CNYA and ISVBF?

Both ETFs track MSCI China A Inclusion Index. Their fees differ too: 0.60% for CNYA and 0.40% for ISVBF.

Which has better risk-adjusted returns?

CNYA currently has the higher Sharpe Ratio (0.98 vs -0.14), 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.