CNYA vs. JCHI
CNYA (iShares MSCI China A ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. CNYA is passively managed, while JCHI is actively managed. Over the past 3 years, CNYA returned 12.14%/yr vs 7.77%/yr for JCHI. Their correlation of 0.81 suggests significant overlap in exposure. CNYA charges 0.60%/yr vs 0.65%/yr for JCHI.
Performance
CNYA vs. JCHI - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA achieves a 8.91% return, which is significantly higher than JCHI's -4.08% return.
CNYA
- 1D
- -2.87%
- 1M
- 1.73%
- YTD
- 8.91%
- 6M
- 9.76%
- 1Y
- 36.56%
- 3Y*
- 12.14%
- 5Y*
- -0.49%
- 10Y*
- 6.50%
JCHI
- 1D
- -2.49%
- 1M
- -3.91%
- YTD
- -4.08%
- 6M
- -4.86%
- 1Y
- 11.15%
- 3Y*
- 7.77%
- 5Y*
- —
- 10Y*
- —
CNYA vs. JCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 8.91% | 26.48% | 10.78% | -15.81% |
JCHI JPMorgan Active China ETF | -4.08% | 27.66% | 13.77% | -17.31% |
Correlation
The correlation between CNYA and JCHI is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2023 | 0.81 |
The correlation between CNYA and JCHI has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
CNYA vs. JCHI — Risk / Return Rank
CNYA
JCHI
CNYA vs. JCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and JPMorgan Active China ETF (JCHI). 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 | JCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.12 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 0.78 | +4.06 |
| Martin ratioReturn relative to average drawdown | 13.30 | 1.77 | +11.53 |
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Drawdowns
CNYA vs. JCHI - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for CNYA and JCHI.
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Drawdown Indicators
| CNYA | JCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -29.57% | -19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -14.37% | +6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -27.47% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -44.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | — | — |
Current DrawdownCurrent decline from peak | -13.73% | -11.62% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -20.65% | -13.27% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 6.32% | -3.56% |
Volatility
CNYA vs. JCHI - Volatility Comparison
iShares MSCI China A ETF (CNYA) has a higher volatility of 7.35% compared to JPMorgan Active China ETF (JCHI) at 6.24%. This indicates that CNYA's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA | JCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.35% | 6.24% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 13.14% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 18.09% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 24.82% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 24.82% | -1.30% |
CNYA vs. JCHI - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than JCHI's 0.65% expense ratio.
Dividends
CNYA vs. JCHI - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.73%, less than JCHI's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.73% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
JCHI JPMorgan Active China ETF | 1.89% | 1.81% | 2.12% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNYA and JCHI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNYA has higher volatility (7.35%) compared to JCHI (6.24%). In terms of maximum drawdown, CNYA dropped -49.49% vs JCHI's -29.57%.
On 3-year performance, CNYA leads with 12.14% vs 7.77% for JCHI. On fees, CNYA is cheaper at 0.60% per year. On volatility, JCHI has been the lower-risk option at 6.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CNYA has performed better with a 12.14% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CNYA is cheaper with a 0.60% expense ratio, compared with 0.65% for JCHI.
JCHI has the higher dividend yield at 1.89%, compared with 1.73% for CNYA.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.60% for CNYA and 0.65% for JCHI.
CNYA currently has the higher Sharpe Ratio (2.00 vs 0.62), 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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