ICGA.DE vs. ^HSI
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) is China Equities fund tracking the MSCI China, while ^HSI (Hang Seng Index) is an index. Over the past 5 years, ICGA.DE returned -4.32%/yr vs -1.95%/yr for ^HSI. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ICGA.DE vs. ^HSI - Performance Comparison
Loading charts...
Different Trading Currencies
ICGA.DE is traded in EUR, while ^HSI is traded in HKD. To make them comparable, the ^HSI 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 -6.86% return, which is significantly lower than ^HSI's -0.96% return.
ICGA.DE
- 1D
- -0.54%
- 1M
- -2.09%
- YTD
- -6.86%
- 6M
- -8.51%
- 1Y
- 2.73%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
^HSI
- 1D
- -1.55%
- 1M
- -1.77%
- YTD
- -0.96%
- 6M
- -2.96%
- 1Y
- 5.16%
- 3Y*
- 6.86%
- 5Y*
- -1.95%
- 10Y*
- 1.54%
ICGA.DE vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 14.05% |
^HSI Hang Seng Index | -0.96% | 12.41% | 26.08% | -16.39% | -10.37% | -8.17% | -10.93% | 1.66% |
Correlation
The correlation between ICGA.DE and ^HSI is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.63 |
The correlation between ICGA.DE and ^HSI has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ICGA.DE vs. ^HSI — Risk / Return Rank
ICGA.DE
^HSI
ICGA.DE vs. ^HSI - 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 Hang Seng Index (^HSI). 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 | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.50 | -0.34 |
| Martin ratioReturn relative to average drawdown | 0.34 | 1.28 | -0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ICGA.DE | ^HSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.28 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.08 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.05 | 0.00 |
Drawdowns
ICGA.DE vs. ^HSI - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, smaller than the maximum ^HSI drawdown of -59.69%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and ^HSI.
Loading charts...
Drawdown Indicators
| ICGA.DE | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -59.69% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -10.49% | -6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -24.95% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -44.38% | -4.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.64% | — |
Current DrawdownCurrent decline from peak | -32.56% | -18.90% | -13.66% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -23.12% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 4.08% | +4.00% |
Volatility
ICGA.DE vs. ^HSI - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 7.19% compared to Hang Seng Index (^HSI) at 5.38%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ICGA.DE | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 5.38% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 13.82% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 19.00% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 25.46% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 22.22% | +4.75% |
Frequently Asked Questions
ICGA.DE and ^HSI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ICGA.DE and ^HSI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer