CNYA vs. MSFT
CNYA (iShares MSCI China A ETF) is China Equities fund tracking the MSCI China A Inclusion Index, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, CNYA returned 5.13%/yr vs 23.18%/yr for MSFT. At a 0.25 correlation, their price movements are largely independent.
Performance
CNYA vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA achieves a 1.02% return, which is significantly higher than MSFT's -16.45% return. Over the past 10 years, CNYA has underperformed MSFT with an annualized return of 5.13%, while MSFT has yielded a comparatively higher 23.18% annualized return.
CNYA
- 1D
- 0.52%
- 1M
- -7.76%
- 6M
- -1.64%
- YTD
- 1.02%
- 1Y
- 19.43%
- 3Y*
- 9.00%
- 5Y*
- -2.34%
- 10Y*
- 5.13%
- ALL TIME*
- 5.56%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
CNYA vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.02% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 35.95% | -26.56% | 30.99% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between CNYA and MSFT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016 | 0.25 |
The correlation between CNYA and MSFT shifts across timeframes, from -0.03 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CNYA vs. MSFT — Risk / Return Rank
CNYA
MSFT
CNYA vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.88 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | -0.60 | +2.48 |
| Martin ratioReturn relative to average drawdown | 6.20 | -1.10 | +7.30 |
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Drawdowns
CNYA vs. MSFT - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for CNYA and MSFT.
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Drawdown Indicators
| CNYA | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -69.38% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -34.50% | +24.13% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -34.50% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -44.65% | -37.15% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | -37.15% | -12.34% |
Current DrawdownCurrent decline from peak | -19.98% | -25.32% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -21.80% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 18.74% | -15.60% |
Volatility
CNYA vs. MSFT - Volatility Comparison
The current volatility for iShares MSCI China A ETF (CNYA) is 9.22%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that CNYA experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 10.25% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 24.51% | -8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.94% | 27.52% | -7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.09% | 27.07% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 27.15% | -3.52% |
Dividends
CNYA vs. MSFT - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.86%, more than MSFT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.86% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
CNYA and MSFT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to CNYA (9.22%). In terms of maximum drawdown, CNYA dropped -49.49% vs MSFT's -69.38%.
CNYA currently has the higher Sharpe Ratio (0.98 vs -0.75), 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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