DBX9.DE vs. CNAA.DE
DBX9.DE (Xtrackers FTSE China 50 UCITS ETF 1C) and CNAA.DE (Amundi MSCI China A UCITS ETF Acc) are both China Equities funds - DBX9.DE tracks the FTSE China 50 while CNAA.DE tracks the MSCI China A. Both are passively managed. Over the past 5 years, DBX9.DE returned 0.17%/yr vs -0.21%/yr for CNAA.DE. A 0.73 correlation means they provide meaningful diversification when combined. DBX9.DE charges 0.60%/yr vs 0.35%/yr for CNAA.DE.
Performance
DBX9.DE vs. CNAA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DBX9.DE having a 9.85% return and CNAA.DE slightly higher at 9.91%.
DBX9.DE
- 1D
- -0.73%
- 1M
- 0.37%
- YTD
- 9.85%
- 6M
- 11.95%
- 1Y
- 33.01%
- 3Y*
- 13.37%
- 5Y*
- 0.17%
- 10Y*
- 3.94%
CNAA.DE
- 1D
- -0.79%
- 1M
- 0.35%
- YTD
- 9.91%
- 6M
- 11.19%
- 1Y
- 33.60%
- 3Y*
- 8.43%
- 5Y*
- -0.21%
- 10Y*
- —
DBX9.DE vs. CNAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBX9.DE Xtrackers FTSE China 50 UCITS ETF 1C | 9.85% | 10.01% | 37.68% | -16.44% | -13.62% | -14.98% | -0.87% | 11.53% |
CNAA.DE Amundi MSCI China A UCITS ETF Acc | 9.91% | 10.09% | 19.81% | -17.19% | -20.96% | 13.50% | 28.18% | 12.50% |
Correlation
The correlation between DBX9.DE and CNAA.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 30, 2019 | 0.73 |
The correlation between DBX9.DE and CNAA.DE shifts across timeframes, from 0.73 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBX9.DE vs. CNAA.DE — Risk / Return Rank
DBX9.DE
CNAA.DE
DBX9.DE vs. CNAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.DE) and Amundi MSCI China A UCITS ETF Acc (CNAA.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.
| DBX9.DE | CNAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 5.08 | -3.18 |
| Martin ratioReturn relative to average drawdown | 3.67 | 13.52 | -9.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBX9.DE | CNAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.04 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.01 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.29 | -0.20 |
Drawdowns
DBX9.DE vs. CNAA.DE - Drawdown Comparison
The maximum DBX9.DE drawdown since its inception was -66.51%, which is greater than CNAA.DE's maximum drawdown of -43.90%. Use the drawdown chart below to compare losses from any high point for DBX9.DE and CNAA.DE.
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Drawdown Indicators
| DBX9.DE | CNAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.51% | -43.90% | -22.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -6.65% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -27.84% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -47.59% | -41.85% | -5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -53.98% | — | — |
Current DrawdownCurrent decline from peak | -14.62% | -11.33% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -29.50% | -19.23% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.91% | 2.50% | +6.41% |
Volatility
DBX9.DE vs. CNAA.DE - Volatility Comparison
The current volatility for Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.DE) is 5.29%, while Amundi MSCI China A UCITS ETF Acc (CNAA.DE) has a volatility of 6.13%. This indicates that DBX9.DE experiences smaller price fluctuations and is considered to be less risky than CNAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBX9.DE | CNAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 6.13% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 11.38% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.35% | 16.52% | +9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 21.44% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 22.51% | +2.91% |
DBX9.DE vs. CNAA.DE - Expense Ratio Comparison
DBX9.DE has a 0.60% expense ratio, which is higher than CNAA.DE's 0.35% expense ratio.
Dividends
DBX9.DE vs. CNAA.DE - Dividend Comparison
Neither DBX9.DE nor CNAA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, DBX9.DE and CNAA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CNAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNAA.DE is cheaper with a 0.35% expense ratio, compared with 0.60% for DBX9.DE.
DBX9.DE tracks FTSE China 50, while CNAA.DE tracks MSCI China A. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.60% for DBX9.DE and 0.35% for CNAA.DE.
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