IAUS.L vs. XCHA.L

Last updated Jul 22, 2026

IAUS.L (iShares MSCI Australia UCITS ETF USD (Acc)) and XCHA.L (Xtrackers CSI 300 Swap UCITS ETF 1C) are both exchange-traded funds - IAUS.L is a Asia Pacific Equities fund tracking the MSCI Australia Index (Net), while XCHA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, IAUS.L returned 7.93%/yr vs 8.74%/yr for XCHA.L. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

IAUS.L vs. XCHA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAUS.L achieves a 10.07% return, which is significantly higher than XCHA.L's 8.66% return. Over the past 10 years, IAUS.L has underperformed XCHA.L with an annualized return of 7.93%, while XCHA.L has yielded a comparatively higher 8.74% annualized return.

IAUS.L

• 1D: 0.00%
• 1M: 0.74%
• 6M: 9.27%
• YTD: 10.07%
• 1Y: 11.31%
• 3Y*: 11.10%
• 5Y*: 6.54%
• 10Y*: 7.93%
• ALL TIME*: 5.87%

XCHA.L

• 1D: 2.70%
• 1M: -3.53%
• 6M: 6.07%
• YTD: 8.66%
• 1Y: 29.13%
• 3Y*: 14.61%
• 5Y*: 2.22%
• 10Y*: 8.74%
• ALL TIME*: 7.51%

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

IAUS.L vs. XCHA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAUS.L iShares MSCI Australia UCITS ETF USD (Acc)	10.07%	13.86%	1.70%	13.84%	-5.50%	8.27%	9.46%	21.85%	-12.47%	20.13%
XCHA.L Xtrackers CSI 300 Swap UCITS ETF 1C	8.66%	30.11%	16.00%	-11.00%	-24.25%	3.24%	45.85%	40.57%	-24.26%	35.21%

Correlation

The correlation between IAUS.L and XCHA.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 27, 2012	0.40

IAUS.L vs. XCHA.L - Sectors Allocation Comparison

Sectors	IAUS.L	XCHA.L
Financial Services	41.7%	18.8%
Basic Materials	24.5%	9.1%
Consumer Cyclical	7.3%	6.2%
Real Estate	5.0%	0.4%
Healthcare	4.9%	4.3%
Industrials	4.4%	16.0%
Consumer Defensive	4.0%	6.6%
Energy	3.8%	2.7%
Communication Services	1.8%	1.5%
Utilities	1.6%	2.9%
Technology	0.9%	31.6%

Return for Risk

IAUS.L vs. XCHA.L — Risk / Return Rank

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

IAUS.L

IAUS.L Risk / Return Rank: 28
IAUS.L Sharpe Ratio Rank: 27
IAUS.L Sortino Ratio Rank: 28
IAUS.L Omega Ratio Rank: 26
IAUS.L Calmar Ratio Rank: 31
IAUS.L Martin Ratio Rank: 29

XCHA.L

XCHA.L Risk / Return Rank: 65
XCHA.L Sharpe Ratio Rank: 59
XCHA.L Sortino Ratio Rank: 58
XCHA.L Omega Ratio Rank: 57
XCHA.L Calmar Ratio Rank: 76
XCHA.L Martin Ratio Rank: 77

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.

IAUS.L vs. XCHA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.

	IAUS.L	XCHA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.49	-0.78
Sortino ratio: Return per unit of downside risk	1.16	2.12	-0.96
Omega ratio: Gain probability vs. loss probability	1.13	1.27	-0.14
Calmar ratio: Return relative to maximum drawdown	1.16	2.92	-1.76
Martin ratio: Return relative to average drawdown	2.84	10.62	-7.78

IAUS.L vs. XCHA.L - Sharpe Ratio Comparison

The current IAUS.L Sharpe Ratio is 0.71, which is lower than the XCHA.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IAUS.L and XCHA.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.

Drawdowns

IAUS.L vs. XCHA.L - Drawdown Comparison

The maximum IAUS.L drawdown since its inception was -44.76%, smaller than the maximum XCHA.L drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for IAUS.L and XCHA.L.

Drawdown Indicators

	IAUS.L	XCHA.L	Difference
Max Drawdown Largest peak-to-trough decline	-44.76%	-50.90%	+6.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-9.93%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-26.85%	+3.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-39.75%	+15.15%
Max Drawdown (10Y) Largest decline over 10 years	-44.76%	-44.89%	+0.13%
Current Drawdown Current decline from peak	-4.38%	-5.91%	+1.53%
Average Drawdown Average peak-to-trough decline	-9.26%	-23.98%	+14.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	2.74%	+1.24%

Volatility

IAUS.L vs. XCHA.L - Volatility Comparison

The current volatility for iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) is 3.52%, while Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) has a volatility of 9.58%. This indicates that IAUS.L experiences smaller price fluctuations and is considered to be less risky than XCHA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAUS.L	XCHA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	9.58%	-6.06%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	15.16%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	19.44%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.49%	22.71%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	22.83%	-2.09%

IAUS.L vs. XCHA.L - Expense Ratio Comparison

Both IAUS.L and XCHA.L have an expense ratio of 0.50%.

Dividends

IAUS.L vs. XCHA.L - Dividend Comparison

Neither IAUS.L nor XCHA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAUS.L and XCHA.L in my portfolio?

IAUS.L and XCHA.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAUS.L or XCHA.L?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAUS.L or XCHA.L?

IAUS.L and XCHA.L have the same expense ratio: 0.50% per year.

What is the main difference between IAUS.L and XCHA.L?

IAUS.L is categorized as Asia Pacific Equities, while XCHA.L is China Equities. IAUS.L tracks MSCI Australia Index (Net), while XCHA.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and Xtrackers.