ICGA.DE vs. ^STOXX

Last updated Jun 16, 2026

ICGA.DE (iShares MSCI China UCITS ETF USD Acc) is China Equities fund tracking the MSCI China, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 5 years, ICGA.DE returned -3.91%/yr vs 6.72%/yr for ^STOXX. At a 0.44 correlation, their price movements are largely independent.

Performance

ICGA.DE vs. ^STOXX - 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 STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICGA.DE achieves a -7.21% return, which is significantly lower than ^STOXX's 6.82% return.

ICGA.DE

• 1D: 1.03%
• 1M: -2.20%
• YTD: -7.21%
• 6M: -6.68%
• 1Y: 3.16%
• 3Y*: 6.05%
• 5Y*: -3.91%
• 10Y*: —

^STOXX

• 1D: 1.88%
• 1M: 4.33%
• YTD: 6.82%
• 6M: 8.70%
• 1Y: 16.20%
• 3Y*: 10.98%
• 5Y*: 6.72%
• 10Y*: 7.05%

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

ICGA.DE vs. ^STOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ICGA.DE iShares MSCI China UCITS ETF USD Acc	-7.21%	16.59%	27.32%	-14.87%	-15.07%	-17.34%	15.34%	14.19%
^STOXX STOXX Europe 600 Index	6.82%	17.42%	5.39%	12.74%	-13.06%	22.10%	-3.83%	8.44%

Correlation

The correlation between ICGA.DE and ^STOXX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019	0.44

Return for Risk

ICGA.DE vs. ^STOXX — 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: 11
ICGA.DE Sharpe Ratio Rank: 11
ICGA.DE Sortino Ratio Rank: 11
ICGA.DE Omega Ratio Rank: 11
ICGA.DE Calmar Ratio Rank: 11
ICGA.DE Martin Ratio Rank: 11

^STOXX

^STOXX Risk / Return Rank: 43
^STOXX Sharpe Ratio Rank: 43
^STOXX Sortino Ratio Rank: 45
^STOXX Omega Ratio Rank: 45
^STOXX Calmar Ratio Rank: 39
^STOXX Martin Ratio Rank: 45

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. ^STOXX - 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 STOXX Europe 600 Index (^STOXX). 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.

	ICGA.DE	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.25	-1.08
Sortino ratio: Return per unit of downside risk	0.37	1.88	-1.51
Omega ratio: Gain probability vs. loss probability	1.04	1.23	-0.19
Calmar ratio: Return relative to maximum drawdown	0.18	1.61	-1.43
Martin ratio: Return relative to average drawdown	0.37	5.82	-5.44

ICGA.DE vs. ^STOXX - Sharpe Ratio Comparison

The current ICGA.DE Sharpe Ratio is 0.17, which is lower than the ^STOXX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of ICGA.DE and ^STOXX, 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

ICGA.DE vs. ^STOXX - Drawdown Comparison

The maximum ICGA.DE drawdown since its inception was -55.91%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and ^STOXX.

Drawdown Indicators

	ICGA.DE	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	-55.91%	-60.54%	+4.63%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-9.56%	-7.94%
Max Drawdown (3Y) Largest decline over 3 years	-24.29%	-16.56%	-7.73%
Max Drawdown (5Y) Largest decline over 5 years	-49.29%	-22.55%	-26.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.55%	—
Current Drawdown Current decline from peak	-32.83%	-0.10%	-32.73%
Average Drawdown Average peak-to-trough decline	-28.78%	-14.61%	-14.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.47%	2.68%	+5.79%

Volatility

ICGA.DE vs. ^STOXX - Volatility Comparison

iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 6.02% compared to STOXX Europe 600 Index (^STOXX) at 3.17%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICGA.DE	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	3.17%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	10.28%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	12.30%	+6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.79%	14.22%	+13.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.05%	15.50%	+11.55%

Frequently Asked Questions

Can I hold both ICGA.DE and ^STOXX in my portfolio?

ICGA.DE and ^STOXX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.