IASH.L vs. CNSG.L
IASH.L (iShares MSCI China A UCITS USD) and CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) are both China Equities funds - IASH.L tracks the MSCI China A Onshore NR CNY while CNSG.L tracks the MSCI China NR USD. Both are passively managed. Over the past 5 years, IASH.L returned -0.44%/yr vs -3.95%/yr for CNSG.L. A 0.71 correlation means they provide meaningful diversification when combined. IASH.L charges 0.40%/yr vs 0.45%/yr for CNSG.L.
Performance
IASH.L vs. CNSG.L - Performance Comparison
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Returns By Period
In the year-to-date period, IASH.L achieves a 6.11% return, which is significantly higher than CNSG.L's -6.01% return.
IASH.L
- 1D
- -1.15%
- 1M
- -3.17%
- 6M
- 3.10%
- YTD
- 6.11%
- 1Y
- 26.99%
- 3Y*
- 9.04%
- 5Y*
- -0.44%
- 10Y*
- 5.31%
CNSG.L
- 1D
- 1.02%
- 1M
- -2.19%
- 6M
- -9.68%
- YTD
- -6.01%
- 1Y
- -2.56%
- 3Y*
- 6.74%
- 5Y*
- -3.95%
- 10Y*
- —
IASH.L vs. CNSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IASH.L iShares MSCI China A UCITS USD | 6.11% | 17.67% | 12.92% | -18.83% | -17.27% | 4.48% | 37.65% | 0.80% |
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | -6.01% | 18.19% | 20.51% | -18.51% | -12.26% | -17.41% | 26.99% | -17.90% |
Correlation
The correlation between IASH.L and CNSG.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.71 |
The correlation between IASH.L and CNSG.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
IASH.L vs. CNSG.L — Risk / Return Rank
IASH.L
CNSG.L
IASH.L vs. CNSG.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 UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.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.
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.
| IASH.L | CNSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | -0.15 | +3.29 |
| Martin ratioReturn relative to average drawdown | 9.17 | -0.33 | +9.51 |
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Drawdowns
IASH.L vs. CNSG.L - Drawdown Comparison
The maximum IASH.L drawdown since its inception was -59.37%, which is greater than CNSG.L's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for IASH.L and CNSG.L.
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Drawdown Indicators
| IASH.L | CNSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.37% | -55.67% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -16.53% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -31.16% | -27.90% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -42.23% | -46.84% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | — | — |
Current DrawdownCurrent decline from peak | -14.08% | -31.84% | +17.76% |
Average DrawdownAverage peak-to-trough decline | -33.06% | -29.84% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 7.68% | -4.75% |
Volatility
IASH.L vs. CNSG.L - Volatility Comparison
iShares MSCI China A UCITS USD (IASH.L) has a higher volatility of 8.51% compared to UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) at 4.77%. This indicates that IASH.L's price experiences larger fluctuations and is considered to be riskier than CNSG.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 | CNSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 4.77% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 11.76% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 16.74% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.10% | 26.86% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.84% | 26.00% | -2.16% |
IASH.L vs. CNSG.L - Expense Ratio Comparison
IASH.L has a 0.40% expense ratio, which is lower than CNSG.L's 0.45% expense ratio.
Dividends
IASH.L vs. CNSG.L - Dividend Comparison
IASH.L has not paid dividends to shareholders, while CNSG.L's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | 2.68% | 2.57% | 0.85% | 2.00% | 1.80% | 1.35% | 0.74% |
IASH.L iShares MSCI China A UCITS USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IASH.L and CNSG.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IASH.L is cheaper with a 0.40% expense ratio, compared with 0.45% for CNSG.L.
IASH.L tracks MSCI China A Onshore NR CNY, while CNSG.L tracks MSCI China NR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for IASH.L and 0.45% for CNSG.L.
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