IASH.L vs. M9SV.L

Last updated Jun 4, 2026

IASH.L (iShares MSCI China A UCITS USD) and M9SV.L (Market Access STOXX China A Minimum Variance UCITS ETF) are both China Equities funds tracking the MSCI China A Onshore NR CNY, from iShares and China Post Global respectively. Both are passively managed. Over the past 5 years, IASH.L returned 0.05%/yr vs 5.08%/yr for M9SV.L. A 0.67 correlation means they provide meaningful diversification when combined. IASH.L charges 0.40%/yr vs 0.45%/yr for M9SV.L.

Performance

IASH.L vs. M9SV.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 Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IASH.L is traded in GBp, while M9SV.L is traded in GBP. To make them comparable, the M9SV.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 higher than M9SV.L's -1.10% 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%

M9SV.L

• 1D: -0.12%
• 1M: -1.24%
• YTD: -1.10%
• 6M: -1.00%
• 1Y: 7.83%
• 3Y*: 6.56%
• 5Y*: 5.08%
• 10Y*: —

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

IASH.L vs. M9SV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IASH.L iShares MSCI China A UCITS USD	9.51%	17.67%	12.92%	-18.83%	-17.27%	4.48%	37.65%	29.94%	-5.36%
M9SV.L Market Access STOXX China A Minimum Variance UCITS ETF	-1.10%	0.90%	30.31%	0.87%	-6.40%	7.53%	22.73%	5.67%	-5.57%

Correlation

The correlation between IASH.L and M9SV.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Aug 7, 2018	0.67

The correlation between IASH.L and M9SV.L shifts across timeframes, from 0.57 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

IASH.L vs. M9SV.L - Sectors Allocation Comparison

Sectors	IASH.L	M9SV.L
Technology	31.0%	4.9%
Financial Services	17.8%	24.5%
Industrials	15.5%	18.4%
Basic Materials	11.4%	2.4%
Consumer Defensive	6.7%	6.8%
Consumer Cyclical	5.4%	11.9%
Healthcare	3.9%	4.8%
Utilities	3.2%	13.9%
Energy	3.2%	7.4%
Communication Services	1.3%	4.5%
Real Estate	0.6%	0.5%

Return for Risk

IASH.L vs. M9SV.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

M9SV.L

M9SV.L Risk / Return Rank: 20
M9SV.L Sharpe Ratio Rank: 20
M9SV.L Sortino Ratio Rank: 20
M9SV.L Omega Ratio Rank: 18
M9SV.L Calmar Ratio Rank: 21
M9SV.L Martin Ratio Rank: 21

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. M9SV.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 Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.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	M9SV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.47	0.64	+1.83
Sortino ratio: Return per unit of downside risk	3.31	1.00	+2.31
Omega ratio: Gain probability vs. loss probability	1.44	1.12	+0.33
Calmar ratio: Return relative to maximum drawdown	5.73	0.90	+4.83
Martin ratio: Return relative to average drawdown	15.80	2.46	+13.34
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. M9SV.L - Sharpe Ratio Comparison

The current IASH.L Sharpe Ratio is 2.47, which is higher than the M9SV.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of IASH.L and M9SV.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	M9SV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	0.64	+1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.25	-0.25
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	0.31	-0.22

Drawdowns

IASH.L vs. M9SV.L - Drawdown Comparison

The maximum IASH.L drawdown since its inception was -48.39%, which is greater than M9SV.L's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for IASH.L and M9SV.L.

Drawdown Indicators

	IASH.L	M9SV.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-21.64%	-26.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-8.71%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-25.77%	-21.64%	-4.13%
Max Drawdown (5Y) Largest decline over 5 years	-42.23%	-21.64%	-20.59%
Max Drawdown (10Y) Largest decline over 10 years	-44.67%	—	—
Current Drawdown Current decline from peak	-10.06%	-11.20%	+1.14%
Average Drawdown Average peak-to-trough decline	-24.72%	-7.84%	-16.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	3.18%	-0.74%

Volatility

IASH.L vs. M9SV.L - Volatility Comparison

iShares MSCI China A UCITS USD (IASH.L) has a higher volatility of 5.69% compared to Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.L) at 2.45%. This indicates that IASH.L's price experiences larger fluctuations and is considered to be riskier than M9SV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IASH.L	M9SV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	2.45%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	7.76%	+2.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	12.18%	+3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	19.98%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.79%	20.49%	+2.30%

IASH.L vs. M9SV.L - Expense Ratio Comparison

IASH.L has a 0.40% expense ratio, which is lower than M9SV.L's 0.45% expense ratio.

Dividends

IASH.L vs. M9SV.L - Dividend Comparison

Neither IASH.L nor M9SV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IASH.L and M9SV.L in my portfolio?

IASH.L and M9SV.L have a correlation of 0.61, 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 M9SV.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 M9SV.L?

IASH.L is cheaper with a 0.40% expense ratio, compared with 0.45% for M9SV.L.

What is the main difference between IASH.L and M9SV.L?

Both ETFs track MSCI China A Onshore NR CNY. They also come from different issuers: iShares and China Post Global. Their fees differ too: 0.40% for IASH.L and 0.45% for M9SV.L.