IASH.L vs. ASIL.L

Last updated Jun 4, 2026

IASH.L (iShares MSCI China A UCITS USD) and ASIL.L (Lyxor China Enterprise (HSCEI) UCITS ETF) are both China Equities funds - IASH.L tracks the MSCI China A Onshore NR CNY while ASIL.L tracks the MSCI China NR USD. Both are passively managed. Over the past 10 years, IASH.L returned 7.12%/yr vs 0.63%/yr for ASIL.L. A 0.65 correlation means they provide meaningful diversification when combined. IASH.L charges 0.40%/yr vs 0.65%/yr for ASIL.L.

Performance

IASH.L vs. ASIL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI China A UCITS USD (IASH.L) and Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IASH.L achieves a 9.51% return, which is significantly higher than ASIL.L's -6.20% return. Over the past 10 years, IASH.L has outperformed ASIL.L with an annualized return of 7.12%, while ASIL.L has yielded a comparatively lower 0.63% annualized return.

IASH.L

• 1D: -0.06%
• 1M: 3.10%
• YTD: 9.51%
• 6M: 12.93%
• 1Y: 38.65%
• 3Y*: 8.41%
• 5Y*: 0.05%
• 10Y*: 7.12%

ASIL.L

• 1D: -2.60%
• 1M: -0.06%
• YTD: -6.20%
• 6M: -8.10%
• 1Y: 8.93%
• 3Y*: 6.75%
• 5Y*: -5.81%
• 10Y*: 0.63%

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

IASH.L vs. ASIL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IASH.L iShares MSCI China A UCITS USD	9.51%	17.67%	12.92%	-18.83%	-17.27%	4.48%	37.65%	29.94%	-21.35%	17.95%
ASIL.L Lyxor China Enterprise (HSCEI) UCITS ETF	-6.20%	27.56%	14.40%	-17.94%	-16.69%	-22.70%	-4.32%	9.43%	-6.32%	15.81%

Correlation

The correlation between IASH.L and ASIL.L is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Apr 17, 2015	0.65

The correlation between IASH.L and ASIL.L has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

IASH.L vs. ASIL.L - Sectors Allocation Comparison

Sectors	IASH.L	ASIL.L
Technology	31.0%	11.7%
Financial Services	17.8%	19.0%
Industrials	15.5%	4.4%
Basic Materials	11.4%	3.1%
Consumer Defensive	6.7%	2.8%
Consumer Cyclical	5.4%	29.8%
Healthcare	3.9%	5.9%
Utilities	3.2%	0.6%
Energy	3.2%	-
Communication Services	1.3%	21.2%
Real Estate	0.6%	1.5%

Return for Risk

IASH.L vs. ASIL.L — Risk / Return Rank

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

IASH.L

IASH.L Risk / Return Rank: 79
IASH.L Sharpe Ratio Rank: 75
IASH.L Sortino Ratio Rank: 73
IASH.L Omega Ratio Rank: 75
IASH.L Calmar Ratio Rank: 90
IASH.L Martin Ratio Rank: 80

ASIL.L

ASIL.L Risk / Return Rank: 15
ASIL.L Sharpe Ratio Rank: 16
ASIL.L Sortino Ratio Rank: 16
ASIL.L Omega Ratio Rank: 15
ASIL.L Calmar Ratio Rank: 15
ASIL.L 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.

IASH.L vs. ASIL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS USD (IASH.L) and Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L). 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.

	IASH.L	ASIL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.47	0.45	+2.02
Sortino ratio: Return per unit of downside risk	3.31	0.80	+2.51
Omega ratio: Gain probability vs. loss probability	1.44	1.09	+0.36
Calmar ratio: Return relative to maximum drawdown	5.73	0.50	+5.22
Martin ratio: Return relative to average drawdown	15.80	0.99	+14.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IASH.L vs. ASIL.L - Sharpe Ratio Comparison

The current IASH.L Sharpe Ratio is 2.47, which is higher than the ASIL.L Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of IASH.L and ASIL.L, 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

	IASH.L	ASIL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	0.45	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	-0.20	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.03	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.00	+0.09

Drawdowns

IASH.L vs. ASIL.L - Drawdown Comparison

The maximum IASH.L drawdown since its inception was -48.39%, smaller than the maximum ASIL.L drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for IASH.L and ASIL.L.

Drawdown Indicators

	IASH.L	ASIL.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-59.17%	+10.78%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-17.73%	+11.01%
Max Drawdown (3Y) Largest decline over 3 years	-25.77%	-26.68%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-42.23%	-53.45%	+11.22%
Max Drawdown (10Y) Largest decline over 10 years	-44.67%	-59.17%	+14.50%
Current Drawdown Current decline from peak	-10.06%	-36.74%	+26.68%
Average Drawdown Average peak-to-trough decline	-24.72%	-24.72%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	9.01%	-6.57%

Volatility

IASH.L vs. ASIL.L - Volatility Comparison

The current volatility for iShares MSCI China A UCITS USD (IASH.L) is 5.69%, while Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L) has a volatility of 8.03%. This indicates that IASH.L experiences smaller price fluctuations and is considered to be less risky than ASIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IASH.L	ASIL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	8.03%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	14.30%	-3.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	19.71%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	28.76%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.79%	25.11%	-2.32%

IASH.L vs. ASIL.L - Expense Ratio Comparison

IASH.L has a 0.40% expense ratio, which is lower than ASIL.L's 0.65% expense ratio.

Dividends

IASH.L vs. ASIL.L - Dividend Comparison

Neither IASH.L nor ASIL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IASH.L and ASIL.L in my portfolio?

IASH.L and ASIL.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IASH.L or ASIL.L?

On fees, IASH.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IASH.L or ASIL.L?

IASH.L is cheaper with a 0.40% expense ratio, compared with 0.65% for ASIL.L.

What is the main difference between IASH.L and ASIL.L?

IASH.L tracks MSCI China A Onshore NR CNY, while ASIL.L tracks MSCI China NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for IASH.L and 0.65% for ASIL.L.