EL46.DE vs. CHIN.DE
EL46.DE (Deka MSCI China ex A Shares UCITS ETF) and CHIN.DE (KraneShares ICBCCS S&P China 500 Index UCITS ETF USD) are both China Equities funds - EL46.DE tracks the MSCI China ex A Shares while CHIN.DE tracks the S&P China 500 Index. Both are passively managed. Over the past year, EL46.DE returned -8.38% vs 19.18% for CHIN.DE. Their correlation of 0.81 suggests significant overlap in exposure. EL46.DE charges 0.66%/yr vs 0.55%/yr for CHIN.DE.
Performance
EL46.DE vs. CHIN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL46.DE achieves a -12.01% return, which is significantly lower than CHIN.DE's 3.48% return.
EL46.DE
- 1D
- -2.23%
- 1M
- 2.74%
- 6M
- -15.85%
- YTD
- -12.01%
- 1Y
- -8.38%
- 3Y*
- 6.85%
- 5Y*
- -5.22%
- 10Y*
- 2.84%
CHIN.DE
- 1D
- 0.00%
- 1M
- -2.89%
- 6M
- -1.03%
- YTD
- 3.48%
- 1Y
- 19.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EL46.DE vs. CHIN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EL46.DE Deka MSCI China ex A Shares UCITS ETF | -12.01% | 17.79% | 27.58% | -8.81% |
CHIN.DE KraneShares ICBCCS S&P China 500 Index UCITS ETF USD | 3.48% | 16.60% | 23.10% | -7.05% |
Correlation
The correlation between EL46.DE and CHIN.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2023 | 0.81 |
The correlation between EL46.DE and CHIN.DE shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EL46.DE vs. CHIN.DE — Risk / Return Rank
EL46.DE
CHIN.DE
EL46.DE vs. CHIN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI China ex A Shares UCITS ETF (EL46.DE) and KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.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.
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.
| EL46.DE | CHIN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.20 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.30 | -2.59 |
| Martin ratioReturn relative to average drawdown | -0.61 | 5.60 | -6.20 |
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Drawdowns
EL46.DE vs. CHIN.DE - Drawdown Comparison
The maximum EL46.DE drawdown since its inception was -92.74%, which is greater than CHIN.DE's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for EL46.DE and CHIN.DE.
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Drawdown Indicators
| EL46.DE | CHIN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.74% | -22.95% | -69.79% |
Max Drawdown (1Y)Largest decline over 1 year | -27.07% | -8.84% | -18.23% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.22% | — | — |
Current DrawdownCurrent decline from peak | -84.73% | -5.96% | -78.77% |
Average DrawdownAverage peak-to-trough decline | -86.09% | -7.61% | -78.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 3.62% | +9.15% |
Volatility
EL46.DE vs. CHIN.DE - Volatility Comparison
Deka MSCI China ex A Shares UCITS ETF (EL46.DE) and KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.DE) have volatilities of 7.27% and 7.38%, 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
| EL46.DE | CHIN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 7.38% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 13.49% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 18.68% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.48% | 22.48% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.60% | 22.48% | +5.12% |
EL46.DE vs. CHIN.DE - Expense Ratio Comparison
EL46.DE has a 0.66% expense ratio, which is higher than CHIN.DE's 0.55% expense ratio.
Dividends
EL46.DE vs. CHIN.DE - Dividend Comparison
EL46.DE's dividend yield for the trailing twelve months is around 1.57%, while CHIN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIN.DE KraneShares ICBCCS S&P China 500 Index UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL46.DE Deka MSCI China ex A Shares UCITS ETF | 1.57% | 1.43% | 2.06% | 2.03% | 1.78% | 1.22% | 0.86% | 1.26% | 1.23% | 0.94% | 1.36% | 0.63% |
Frequently Asked Questions
EL46.DE and CHIN.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CHIN.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHIN.DE is cheaper with a 0.55% expense ratio, compared with 0.66% for EL46.DE.
EL46.DE tracks MSCI China ex A Shares, while CHIN.DE tracks S&P China 500 Index. They also come from different issuers: Deka Investment GmbH and KraneShares. Their fees differ too: 0.66% for EL46.DE and 0.55% for CHIN.DE.
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