EXXU.DE vs. MCHN.DE
EXXU.DE (iShares Dow Jones China Offshore 50 UCITS ETF (DE)) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - EXXU.DE tracks the Dow Jones China Offshore 50 while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 5 years, EXXU.DE returned -4.06%/yr vs -3.39%/yr for MCHN.DE. Their correlation of 0.91 suggests significant overlap in exposure. EXXU.DE charges 0.61%/yr vs 0.35%/yr for MCHN.DE.
Performance
EXXU.DE vs. MCHN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXU.DE achieves a -6.42% return, which is significantly lower than MCHN.DE's -4.63% return.
EXXU.DE
- 1D
- 3.67%
- 1M
- 7.49%
- 6M
- -8.25%
- YTD
- -6.42%
- 1Y
- -6.12%
- 3Y*
- 7.99%
- 5Y*
- -4.06%
- 10Y*
- 2.51%
- ALL TIME*
- 5.22%
MCHN.DE
- 1D
- 0.00%
- 1M
- -3.51%
- 6M
- -8.40%
- YTD
- -4.63%
- 1Y
- 3.77%
- 3Y*
- 7.42%
- 5Y*
- -3.39%
- 10Y*
- —
- ALL TIME*
- -3.36%
EXXU.DE vs. MCHN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXXU.DE iShares Dow Jones China Offshore 50 UCITS ETF (DE) | -6.42% | 12.84% | 26.47% | -12.23% | -14.38% | -27.77% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -4.63% | 13.01% | 25.16% | -15.29% | -18.40% | -10.70% |
Correlation
The correlation between EXXU.DE and MCHN.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.91 |
The correlation between EXXU.DE and MCHN.DE has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
EXXU.DE vs. MCHN.DE — Risk / Return Rank
EXXU.DE
MCHN.DE
EXXU.DE vs. MCHN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones China Offshore 50 UCITS ETF (DE) (EXXU.DE) and Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.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.
| EXXU.DE | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.05 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.34 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.52 | 0.68 | -1.19 |
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Drawdowns
EXXU.DE vs. MCHN.DE - Drawdown Comparison
The maximum EXXU.DE drawdown since its inception was -66.04%, which is greater than MCHN.DE's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for EXXU.DE and MCHN.DE.
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Drawdown Indicators
| EXXU.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.04% | -45.79% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -25.04% | -11.21% | -13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -23.24% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -46.29% | -43.29% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | -58.37% | — | — |
Current DrawdownCurrent decline from peak | -37.45% | -19.90% | -17.55% |
Average DrawdownAverage peak-to-trough decline | -27.30% | -23.92% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.80% | 5.59% | +6.21% |
Volatility
EXXU.DE vs. MCHN.DE - Volatility Comparison
iShares Dow Jones China Offshore 50 UCITS ETF (DE) (EXXU.DE) has a higher volatility of 7.53% compared to Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) at 6.03%. This indicates that EXXU.DE's price experiences larger fluctuations and is considered to be riskier than MCHN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXXU.DE | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.03% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 12.66% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.13% | 17.69% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.09% | 25.07% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 24.66% | +2.52% |
EXXU.DE vs. MCHN.DE - Expense Ratio Comparison
EXXU.DE has a 0.61% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
EXXU.DE vs. MCHN.DE - Dividend Comparison
EXXU.DE's dividend yield for the trailing twelve months is around 4.28%, while MCHN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXXU.DE iShares Dow Jones China Offshore 50 UCITS ETF (DE) | 4.28% | 4.28% | 1.95% | 2.31% | 2.04% | 0.97% | 1.32% | 1.66% | 0.62% | 2.12% | 4.23% | 2.75% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | 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
EXXU.DE and MCHN.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCHN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.DE is cheaper with a 0.35% expense ratio, compared with 0.61% for EXXU.DE.
EXXU.DE tracks Dow Jones China Offshore 50, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.61% for EXXU.DE and 0.35% for MCHN.DE.
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