DVYA vs. CNYA

Last updated Jul 15, 2026

DVYA (iShares Asia/Pacific Dividend ETF) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - DVYA is a Asia Pacific Equities fund tracking the Dow Jones Asia/Pacific Select Dividend 30 Index, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 10 years, DVYA returned 6.69%/yr vs 5.57%/yr for CNYA. At a 0.46 correlation, their price movements are largely independent. DVYA charges 0.49%/yr vs 0.60%/yr for CNYA.

Performance

DVYA vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVYA achieves a 14.12% return, which is significantly higher than CNYA's 6.24% return. Over the past 10 years, DVYA has outperformed CNYA with an annualized return of 6.69%, while CNYA has yielded a comparatively lower 5.57% annualized return.

DVYA

• 1D: 1.32%
• 1M: 1.08%
• 6M: 9.64%
• YTD: 14.12%
• 1Y: 30.18%
• 3Y*: 20.03%
• 5Y*: 10.48%
• 10Y*: 6.69%

CNYA

• 1D: 2.74%
• 1M: -0.47%
• 6M: 3.22%
• YTD: 6.24%
• 1Y: 27.03%
• 3Y*: 10.02%
• 5Y*: -1.22%
• 10Y*: 5.57%

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

DVYA vs. CNYA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVYA iShares Asia/Pacific Dividend ETF	14.12%	30.22%	6.05%	13.75%	-2.17%	3.41%	-9.61%	14.70%	-14.87%	16.99%
CNYA iShares MSCI China A ETF	6.24%	26.48%	10.78%	-13.76%	-26.51%	3.53%	41.54%	35.95%	-26.56%	30.99%

Correlation

The correlation between DVYA and CNYA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016	0.46

DVYA vs. CNYA - Sectors Allocation Comparison

Sectors	DVYA	CNYA
Financial Services	30.8%	17.6%
Basic Materials	18.3%	11.2%
Consumer Cyclical	11.1%	5.2%
Real Estate	10.0%	0.6%
Industrials	6.7%	15.4%
Energy	4.8%	3.1%
Consumer Defensive	4.7%	6.8%
Communication Services	4.4%	1.3%
Utilities	4.1%	3.3%
Healthcare	3.4%	3.9%
Technology	1.8%	31.7%

Return for Risk

DVYA vs. CNYA — Risk / Return Rank

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

DVYA

DVYA Risk / Return Rank: 83
DVYA Sharpe Ratio Rank: 88
DVYA Sortino Ratio Rank: 86
DVYA Omega Ratio Rank: 84
DVYA Calmar Ratio Rank: 83
DVYA Martin Ratio Rank: 72

CNYA

CNYA Risk / Return Rank: 59
CNYA Sharpe Ratio Rank: 50
CNYA Sortino Ratio Rank: 48
CNYA Omega Ratio Rank: 49
CNYA Calmar Ratio Rank: 82
CNYA Martin Ratio Rank: 64

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.

DVYA vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) and iShares MSCI China A ETF (CNYA). 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.

	DVYA	CNYA	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.39	+0.90
Sortino ratio: Return per unit of downside risk	3.09	1.96	+1.13
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio: Return relative to maximum drawdown	3.51	3.49	+0.02
Martin ratio: Return relative to average drawdown	10.40	9.20	+1.20

DVYA vs. CNYA - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 2.29, which is higher than the CNYA Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of DVYA and CNYA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVYA vs. CNYA - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, smaller than the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for DVYA and CNYA.

Drawdown Indicators

	DVYA	CNYA	Difference
Max Drawdown Largest peak-to-trough decline	-45.61%	-49.49%	+3.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-7.77%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-33.35%	+14.20%
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	-44.65%	+19.47%
Max Drawdown (10Y) Largest decline over 10 years	-45.61%	-49.49%	+3.88%
Current Drawdown Current decline from peak	-2.46%	-15.84%	+13.38%
Average Drawdown Average peak-to-trough decline	-10.02%	-20.62%	+10.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.95%	-0.04%

Volatility

DVYA vs. CNYA - Volatility Comparison

The current volatility for iShares Asia/Pacific Dividend ETF (DVYA) is 3.02%, while iShares MSCI China A ETF (CNYA) has a volatility of 9.00%. This indicates that DVYA experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVYA	CNYA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	9.00%	-5.98%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	15.20%	-4.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	19.55%	-6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	24.05%	-8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	23.60%	-6.20%

DVYA vs. CNYA - Expense Ratio Comparison

DVYA has a 0.49% expense ratio, which is lower than CNYA's 0.60% expense ratio.

Dividends

DVYA vs. CNYA - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.54%, more than CNYA's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNYA iShares MSCI China A ETF	1.77%	1.92%	2.51%	4.23%	2.69%	1.11%	1.06%	1.21%	3.92%	0.97%	1.38%	0.00%
DVYA iShares Asia/Pacific Dividend ETF	4.54%	4.71%	5.97%	6.48%	7.29%	5.81%	3.66%	5.52%	6.24%	4.74%	4.79%	5.33%

Frequently Asked Questions

Can I hold both DVYA and CNYA in my portfolio?

DVYA and CNYA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVYA or CNYA?

CNYA has higher volatility (9.00%) compared to DVYA (3.02%). In terms of maximum drawdown, DVYA dropped -45.61% vs CNYA's -49.49%.

Which ETF is better, DVYA or CNYA?

On 10-year performance, DVYA leads with 6.69% vs 5.57% for CNYA. On fees, DVYA is cheaper at 0.49% per year. On volatility, DVYA has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVYA or CNYA?

Over the 10-year period, DVYA has performed better with a 6.69% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVYA or CNYA?

DVYA is cheaper with a 0.49% expense ratio, compared with 0.60% for CNYA.

Which ETF pays a higher dividend yield, DVYA or CNYA?

DVYA has the higher dividend yield at 4.54%, compared with 1.77% for CNYA.

What is the main difference between DVYA and CNYA?

DVYA is categorized as Asia Pacific Equities, while CNYA is China Equities. DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while CNYA tracks MSCI China A Inclusion Index. Their fees differ too: 0.49% for DVYA and 0.60% for CNYA.

Which has better risk-adjusted returns?

DVYA currently has the higher Sharpe Ratio (2.29 vs 1.39), 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.