IASH.L vs. C500.L
IASH.L (iShares MSCI China A UCITS USD) and C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both China Equities funds - IASH.L tracks the MSCI China A Onshore NR CNY while C500.L tracks the S&P China A MidCap 500 Index. Both are passively managed. Over the past 3 years, IASH.L returned 8.41%/yr vs 19.56%/yr for C500.L. At a 0.48 correlation, their price movements are largely independent. IASH.L charges 0.40%/yr vs 0.35%/yr for C500.L.
Performance
IASH.L vs. C500.L - Performance Comparison
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Different Trading Currencies
IASH.L is traded in GBp, while C500.L is traded in USD. To make them comparable, the C500.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IASH.L achieves a 9.51% return, which is significantly lower than C500.L's 19.60% 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%
C500.L
- 1D
- 0.33%
- 1M
- 2.51%
- YTD
- 19.60%
- 6M
- 28.26%
- 1Y
- 73.07%
- 3Y*
- 19.56%
- 5Y*
- —
- 10Y*
- —
IASH.L vs. C500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IASH.L iShares MSCI China A UCITS USD | 9.51% | 17.67% | 12.92% | -18.83% | -10.75% |
C500.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc | 19.60% | 37.19% | 20.63% | -14.32% | -7.71% |
Correlation
The correlation between IASH.L and C500.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.48 |
Over the past year, IASH.L and C500.L have become more correlated (0.84) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
IASH.L vs. C500.L — Risk / Return Rank
IASH.L
C500.L
IASH.L vs. C500.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 Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.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 | C500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.57 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 5.56 | +0.16 |
| Martin ratioReturn relative to average drawdown | 15.80 | 22.27 | -6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IASH.L | C500.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 3.44 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.75 | -0.66 |
Drawdowns
IASH.L vs. C500.L - Drawdown Comparison
The maximum IASH.L drawdown since its inception was -48.39%, which is greater than C500.L's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for IASH.L and C500.L.
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Drawdown Indicators
| IASH.L | C500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.39% | -34.70% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -13.06% | +6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -25.77% | -24.17% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -42.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | — | — |
Current DrawdownCurrent decline from peak | -10.06% | -4.28% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -7.90% | -16.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.27% | -0.83% |
Volatility
IASH.L vs. C500.L - Volatility Comparison
The current volatility for iShares MSCI China A UCITS USD (IASH.L) is 5.69%, while Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) has a volatility of 6.56%. This indicates that IASH.L experiences smaller price fluctuations and is considered to be less risky than C500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IASH.L | C500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 6.56% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 16.18% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 21.16% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 37.49% | -16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 37.49% | -14.70% |
IASH.L vs. C500.L - Expense Ratio Comparison
IASH.L has a 0.40% expense ratio, which is higher than C500.L's 0.35% expense ratio.
Dividends
IASH.L vs. C500.L - Dividend Comparison
Neither IASH.L nor C500.L has paid dividends to shareholders.
Frequently Asked Questions
IASH.L and C500.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, C500.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
C500.L is cheaper with a 0.35% expense ratio, compared with 0.40% for IASH.L.
IASH.L tracks MSCI China A Onshore NR CNY, while C500.L tracks S&P China A MidCap 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IASH.L and 0.35% for C500.L.
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