DJSC.AS vs. ICHN.AS

Last updated Jun 4, 2026

DJSC.AS (iShares EURO STOXX Small UCITS ETF) and ICHN.AS (iShares MSCI China UCITS ETF) are both exchange-traded funds - DJSC.AS is a Europe Equities fund tracking the MSCI EMU SMID NR EUR, while ICHN.AS is a China Equities fund tracking the MSCI China NR USD. Both are passively managed. Over the past 5 years, DJSC.AS returned 5.18%/yr vs -4.23%/yr for ICHN.AS. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

DJSC.AS vs. ICHN.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EURO STOXX Small UCITS ETF (DJSC.AS) and iShares MSCI China UCITS ETF (ICHN.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DJSC.AS is traded in EUR, while ICHN.AS is traded in USD. To make them comparable, the ICHN.AS values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DJSC.AS achieves a 9.46% return, which is significantly higher than ICHN.AS's -5.65% return.

DJSC.AS

• 1D: -0.48%
• 1M: 4.65%
• YTD: 9.46%
• 6M: 12.92%
• 1Y: 19.20%
• 3Y*: 10.86%
• 5Y*: 5.18%
• 10Y*: 8.71%

ICHN.AS

• 1D: -2.25%
• 1M: -1.79%
• YTD: -5.65%
• 6M: -7.47%
• 1Y: 4.95%
• 3Y*: 7.47%
• 5Y*: -4.23%
• 10Y*: —

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

DJSC.AS vs. ICHN.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DJSC.AS iShares EURO STOXX Small UCITS ETF	9.46%	21.43%	-2.89%	12.25%	-14.19%	21.56%	8.54%	9.33%
ICHN.AS iShares MSCI China UCITS ETF	-5.65%	16.07%	26.38%	-14.37%	-17.72%	-16.22%	18.94%	12.49%

Correlation

The correlation between DJSC.AS and ICHN.AS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019	0.41

Return for Risk

DJSC.AS vs. ICHN.AS — Risk / Return Rank

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

DJSC.AS

DJSC.AS Risk / Return Rank: 38
DJSC.AS Sharpe Ratio Rank: 39
DJSC.AS Sortino Ratio Rank: 39
DJSC.AS Omega Ratio Rank: 39
DJSC.AS Calmar Ratio Rank: 34
DJSC.AS Martin Ratio Rank: 41

ICHN.AS

ICHN.AS Risk / Return Rank: 13
ICHN.AS Sharpe Ratio Rank: 14
ICHN.AS Sortino Ratio Rank: 14
ICHN.AS Omega Ratio Rank: 13
ICHN.AS Calmar Ratio Rank: 14
ICHN.AS Martin Ratio Rank: 13

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.

DJSC.AS vs. ICHN.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX Small UCITS ETF (DJSC.AS) and iShares MSCI China UCITS ETF (ICHN.AS). 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.

	DJSC.AS	ICHN.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.25	+1.12
Sortino ratio: Return per unit of downside risk	1.98	0.49	+1.49
Omega ratio: Gain probability vs. loss probability	1.25	1.06	+0.19
Calmar ratio: Return relative to maximum drawdown	1.64	0.30	+1.34
Martin ratio: Return relative to average drawdown	6.32	0.62	+5.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJSC.AS vs. ICHN.AS - Sharpe Ratio Comparison

The current DJSC.AS Sharpe Ratio is 1.37, which is higher than the ICHN.AS Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of DJSC.AS and ICHN.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DJSC.AS	ICHN.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	0.25	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	-0.15	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.05	+0.32

Drawdowns

DJSC.AS vs. ICHN.AS - Drawdown Comparison

The maximum DJSC.AS drawdown since its inception was -63.04%, which is greater than ICHN.AS's maximum drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for DJSC.AS and ICHN.AS.

Drawdown Indicators

	DJSC.AS	ICHN.AS	Difference
Max Drawdown Largest peak-to-trough decline	-63.04%	-55.88%	-7.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-16.24%	+4.68%
Max Drawdown (3Y) Largest decline over 3 years	-16.05%	-24.44%	+8.39%
Max Drawdown (5Y) Largest decline over 5 years	-28.17%	-49.36%	+21.19%
Max Drawdown (10Y) Largest decline over 10 years	-35.90%	—	—
Current Drawdown Current decline from peak	-1.09%	-32.10%	+31.01%
Average Drawdown Average peak-to-trough decline	-13.33%	-29.78%	+16.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	7.90%	-4.89%

Volatility

DJSC.AS vs. ICHN.AS - Volatility Comparison

The current volatility for iShares EURO STOXX Small UCITS ETF (DJSC.AS) is 4.38%, while iShares MSCI China UCITS ETF (ICHN.AS) has a volatility of 7.55%. This indicates that DJSC.AS experiences smaller price fluctuations and is considered to be less risky than ICHN.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJSC.AS	ICHN.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	7.55%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	14.37%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	19.91%	-6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	27.86%	-11.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	27.93%	-11.58%

DJSC.AS vs. ICHN.AS - Expense Ratio Comparison

Both DJSC.AS and ICHN.AS have an expense ratio of 0.40%.

Dividends

DJSC.AS vs. ICHN.AS - Dividend Comparison

DJSC.AS's dividend yield for the trailing twelve months is around 2.40%, while ICHN.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJSC.AS iShares EURO STOXX Small UCITS ETF	2.40%	3.00%	2.66%	2.24%	2.22%	1.48%	1.20%	2.01%	2.48%	1.81%	2.10%	2.12%
ICHN.AS iShares MSCI China UCITS ETF	0.00%	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 DJSC.AS and ICHN.AS in my portfolio?

DJSC.AS and ICHN.AS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DJSC.AS or ICHN.AS?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DJSC.AS or ICHN.AS?

DJSC.AS and ICHN.AS have the same expense ratio: 0.40% per year.

What is the main difference between DJSC.AS and ICHN.AS?

DJSC.AS is categorized as Europe Equities, while ICHN.AS is China Equities. DJSC.AS tracks MSCI EMU SMID NR EUR, while ICHN.AS tracks MSCI China NR USD.