ICGA.DE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and S&P 500 Index (^GSPC).

ICGA.DE is a passively managed fund by iShares that tracks the performance of the MSCI China. It was launched on Jun 20, 2019.

Performance

ICGA.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ICGA.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ICGA.DE iShares MSCI China UCITS ETF USD Acc	-6.11%	16.64%	27.28%	-14.71%	-15.17%	-17.27%	15.31%	14.05%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	12.28%

Different Trading Currencies

ICGA.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ICGA.DE achieves a -6.11% return, which is significantly lower than ^GSPC's -2.47% return.

ICGA.DE

• 1D: 1.34%
• 1M: -3.00%
• YTD: -6.11%
• 6M: -12.74%
• 1Y: -2.00%
• 3Y*: 4.78%
• 5Y*: -4.96%
• 10Y*: —

^GSPC

• 1D: 0.61%
• 1M: -3.45%
• YTD: -2.47%
• 6M: -0.63%
• 1Y: 8.91%
• 3Y*: 14.47%
• 5Y*: 10.74%
• 10Y*: 12.07%

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

Return for Risk

ICGA.DE vs. ^GSPC — Risk / Return Rank

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

ICGA.DE

ICGA.DE Risk / Return Rank: 10
ICGA.DE Sharpe Ratio Rank: 10
ICGA.DE Sortino Ratio Rank: 10
ICGA.DE Omega Ratio Rank: 10
ICGA.DE Calmar Ratio Rank: 11
ICGA.DE Martin Ratio Rank: 11

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC 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.

ICGA.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and S&P 500 Index (^GSPC). 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.

	ICGA.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.09	0.43	-0.53
Sortino ratio Return per unit of downside risk	0.02	0.73	-0.71
Omega ratio Gain probability vs. loss probability	1.00	1.12	-0.11
Calmar ratio Return relative to maximum drawdown	-0.04	0.66	-0.70
Martin ratio Return relative to average drawdown	-0.09	2.77	-2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICGA.DE vs. ^GSPC - Sharpe Ratio Comparison

The current ICGA.DE Sharpe Ratio is -0.09, which is lower than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of ICGA.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICGA.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	0.43	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.64	-0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.45	-0.40

Correlation

The correlation between ICGA.DE and ^GSPC is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

ICGA.DE vs. ^GSPC - Drawdown Comparison

The maximum ICGA.DE drawdown since its inception was -55.95%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and ^GSPC.

Drawdown Indicators

	ICGA.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-55.95%	-56.78%	+0.83%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-12.14%	-3.98%
Max Drawdown (5Y) Largest decline over 5 years	-49.92%	-25.43%	-24.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-32.01%	-5.78%	-26.23%
Average Drawdown Average peak-to-trough decline	-28.74%	-10.75%	-17.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.47%	2.60%	+3.87%

Volatility

ICGA.DE vs. ^GSPC - Volatility Comparison

iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 6.32% compared to S&P 500 Index (^GSPC) at 4.42%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICGA.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	4.42%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	13.37%	9.93%	+3.44%
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	20.69%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.58%	16.81%	+10.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.10%	18.63%	+8.47%