DBX9.DE vs. XCHA.DE
DBX9.DE (Xtrackers FTSE China 50 UCITS ETF 1C) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds from Xtrackers - DBX9.DE tracks the FTSE China 50 while XCHA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, DBX9.DE returned 3.94%/yr vs 9.08%/yr for XCHA.DE. A 0.72 correlation means they provide meaningful diversification when combined. DBX9.DE charges 0.60%/yr vs 0.50%/yr for XCHA.DE.
Performance
DBX9.DE vs. XCHA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBX9.DE achieves a 9.85% return, which is significantly lower than XCHA.DE's 12.47% return. Over the past 10 years, DBX9.DE has underperformed XCHA.DE with an annualized return of 3.94%, while XCHA.DE has yielded a comparatively higher 9.08% annualized return.
DBX9.DE
- 1D
- -0.73%
- 1M
- 1.75%
- YTD
- 9.85%
- 6M
- 13.25%
- 1Y
- 32.77%
- 3Y*
- 13.37%
- 5Y*
- 0.17%
- 10Y*
- 3.94%
XCHA.DE
- 1D
- -0.47%
- 1M
- 3.17%
- YTD
- 12.47%
- 6M
- 15.67%
- 1Y
- 39.28%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
DBX9.DE vs. XCHA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBX9.DE Xtrackers FTSE China 50 UCITS ETF 1C | 9.85% | 10.01% | 37.68% | -16.44% | -13.62% | -14.98% | -0.87% | 18.35% | -9.23% | 18.88% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
Correlation
The correlation between DBX9.DE and XCHA.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2012 | 0.72 |
Over the past year, DBX9.DE and XCHA.DE have become more correlated (0.96) than their long-term average of 0.72, meaning their price movements have been converging.
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Return for Risk
DBX9.DE vs. XCHA.DE — Risk / Return Rank
DBX9.DE
XCHA.DE
DBX9.DE vs. XCHA.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 Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.38 | -0.48 |
| Martin ratioReturn relative to average drawdown | 3.67 | 4.62 | -0.95 |
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 | XCHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.48 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.13 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.39 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.31 | -0.23 |
Drawdowns
DBX9.DE vs. XCHA.DE - Drawdown Comparison
The maximum DBX9.DE drawdown since its inception was -66.51%, which is greater than XCHA.DE's maximum drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for DBX9.DE and XCHA.DE.
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Drawdown Indicators
| DBX9.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.51% | -52.27% | -14.24% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -16.43% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -26.32% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -47.59% | -37.07% | -10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -53.98% | -38.55% | -15.43% |
Current DrawdownCurrent decline from peak | -14.62% | -1.81% | -12.81% |
Average DrawdownAverage peak-to-trough decline | -29.50% | -22.73% | -6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.91% | 8.48% | +0.43% |
Volatility
DBX9.DE vs. XCHA.DE - Volatility Comparison
Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.DE) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) have volatilities of 5.29% and 5.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBX9.DE | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.10% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 10.37% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.35% | 26.51% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 23.27% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 23.20% | +2.22% |
DBX9.DE vs. XCHA.DE - Expense Ratio Comparison
DBX9.DE has a 0.60% expense ratio, which is higher than XCHA.DE's 0.50% expense ratio.
Dividends
DBX9.DE vs. XCHA.DE - Dividend Comparison
Neither DBX9.DE nor XCHA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, DBX9.DE and XCHA.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, XCHA.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHA.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for DBX9.DE.
DBX9.DE tracks FTSE China 50, while XCHA.DE tracks MSCI China A Onshore NR CNY. Their fees differ too: 0.60% for DBX9.DE and 0.50% for XCHA.DE.
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