HMCA.L vs. CNYA
Compare and contrast key facts about HSBC MSCI CHINA A UCITS ETF (HMCA.L) and iShares MSCI China A ETF (CNYA).
HMCA.L and CNYA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMCA.L is a passively managed fund by HSBC that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Jul 27, 2018. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. Both HMCA.L and CNYA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMCA.L or CNYA.
Key characteristics
| HMCA.L | CNYA | |
|---|---|---|
| YTD Return | 22.53% | 15.41% |
| 1Y Return | 17.16% | 15.62% |
| 3Y Return (Ann) | -2.54% | -9.42% |
| 5Y Return (Ann) | 30.40% | 2.81% |
| Sharpe Ratio | 0.56 | 0.54 |
| Sortino Ratio | 1.12 | 0.99 |
| Omega Ratio | 1.15 | 1.16 |
| Calmar Ratio | 0.46 | 0.33 |
| Martin Ratio | 1.92 | 2.04 |
| Ulcer Index | 8.22% | 8.11% |
| Daily Std Dev | 28.35% | 30.41% |
| Max Drawdown | -34.60% | -49.49% |
| Current Drawdown | -16.13% | -34.76% |
Correlation
The correlation between HMCA.L and CNYA is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HMCA.L vs. CNYA - Performance Comparison
In the year-to-date period, HMCA.L achieves a 22.53% return, which is significantly higher than CNYA's 15.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HMCA.L vs. CNYA - Expense Ratio Comparison
HMCA.L has a 0.30% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Risk-Adjusted Performance
HMCA.L vs. CNYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI CHINA A UCITS ETF (HMCA.L) 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.
Dividends
HMCA.L vs. CNYA - Dividend Comparison
HMCA.L's dividend yield for the trailing twelve months is around 196.05%, more than CNYA's 3.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
HMCA.L HSBC MSCI CHINA A UCITS ETF | 196.05% | 220.18% | 175.95% | 109.02% | 88.31% | 177.84% | 0.00% | 0.00% | 0.00% |
CNYA iShares MSCI China A ETF | 3.73% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
Drawdowns
HMCA.L vs. CNYA - Drawdown Comparison
The maximum HMCA.L drawdown since its inception was -34.60%, smaller than the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for HMCA.L and CNYA. For additional features, visit the drawdowns tool.
Volatility
HMCA.L vs. CNYA - Volatility Comparison
The current volatility for HSBC MSCI CHINA A UCITS ETF (HMCA.L) is 18.76%, while iShares MSCI China A ETF (CNYA) has a volatility of 24.04%. This indicates that HMCA.L 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.