IASH.L vs. XCNA.L
IASH.L (iShares MSCI China A UCITS USD) and XCNA.L (Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C) are both China Equities funds tracking the MSCI China A Onshore NR CNY, from iShares and DWS respectively. Both are passively managed. Over the past 3 years, IASH.L returned 8.41%/yr vs 12.12%/yr for XCNA.L. Their correlation of 0.92 suggests significant overlap in exposure. IASH.L charges 0.40%/yr vs 0.29%/yr for XCNA.L.
Performance
IASH.L vs. XCNA.L - Performance Comparison
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Different Trading Currencies
IASH.L is traded in GBp, while XCNA.L is traded in USD. To make them comparable, the XCNA.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 XCNA.L's 12.35% 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%
XCNA.L
- 1D
- 0.18%
- 1M
- 3.12%
- YTD
- 12.35%
- 6M
- 16.25%
- 1Y
- 45.68%
- 3Y*
- 12.12%
- 5Y*
- —
- 10Y*
- —
IASH.L vs. XCNA.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% | -9.03% |
XCNA.L Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C | 12.35% | 23.10% | 16.47% | -16.84% | 13.29% |
Correlation
The correlation between IASH.L and XCNA.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.92 |
The correlation between IASH.L and XCNA.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
IASH.L vs. XCNA.L — Risk / Return Rank
IASH.L
XCNA.L
IASH.L vs. XCNA.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 Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.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 | XCNA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.50 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 7.58 | -1.86 |
| Martin ratioReturn relative to average drawdown | 15.80 | 20.47 | -4.67 |
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 | XCNA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.80 | -0.33 |
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 | 0.47 | -0.38 |
Drawdowns
IASH.L vs. XCNA.L - Drawdown Comparison
The maximum IASH.L drawdown since its inception was -48.39%, which is greater than XCNA.L's maximum drawdown of -35.26%. Use the drawdown chart below to compare losses from any high point for IASH.L and XCNA.L.
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Drawdown Indicators
| IASH.L | XCNA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.39% | -35.26% | -13.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -6.00% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -25.77% | -25.63% | -0.14% |
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% | -1.53% | -8.53% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -15.70% | -9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.23% | +0.21% |
Volatility
IASH.L vs. XCNA.L - Volatility Comparison
iShares MSCI China A UCITS USD (IASH.L) and Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) have volatilities of 5.69% and 5.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IASH.L | XCNA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.59% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 11.35% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 16.28% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 23.58% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 23.58% | -0.79% |
IASH.L vs. XCNA.L - Expense Ratio Comparison
IASH.L has a 0.40% expense ratio, which is higher than XCNA.L's 0.29% expense ratio.
Dividends
IASH.L vs. XCNA.L - Dividend Comparison
Neither IASH.L nor XCNA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IASH.L and XCNA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XCNA.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCNA.L is cheaper with a 0.29% expense ratio, compared with 0.40% for IASH.L.
Both ETFs track MSCI China A Onshore NR CNY. They also come from different issuers: iShares and DWS. Their fees differ too: 0.40% for IASH.L and 0.29% for XCNA.L.
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