ICGA.DE vs. C024.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and C024.DE (Amundi MSCI China A II UCITS ETF Dist) are both China Equities funds - ICGA.DE tracks the MSCI China while C024.DE tracks the MSCI China A. Both are passively managed. Over the past 5 years, ICGA.DE returned -4.32%/yr vs 0.57%/yr for C024.DE. A 0.69 correlation means they provide meaningful diversification when combined. ICGA.DE charges 0.28%/yr vs 0.25%/yr for C024.DE.
Performance
ICGA.DE vs. C024.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ICGA.DE achieves a -6.86% return, which is significantly lower than C024.DE's 12.05% 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*
- —
C024.DE
- 1D
- -0.65%
- 1M
- 2.07%
- YTD
- 12.05%
- 6M
- 16.25%
- 1Y
- 40.47%
- 3Y*
- 12.08%
- 5Y*
- 0.57%
- 10Y*
- 7.12%
ICGA.DE vs. C024.DE - 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% |
C024.DE Amundi MSCI China A II UCITS ETF Dist | 12.05% | 14.97% | 22.87% | -17.78% | -16.12% | 3.37% | 21.54% | 7.33% |
Correlation
The correlation between ICGA.DE and C024.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.69 |
The correlation between ICGA.DE and C024.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
ICGA.DE vs. C024.DE — Risk / Return Rank
ICGA.DE
C024.DE
ICGA.DE vs. C024.DE - 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 Amundi MSCI China A II UCITS ETF Dist (C024.DE). 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 | C024.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.45 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 5.94 | -5.78 |
| Martin ratioReturn relative to average drawdown | 0.34 | 18.19 | -17.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICGA.DE | C024.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.60 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.03 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.30 | -0.25 |
Drawdowns
ICGA.DE vs. C024.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, which is greater than C024.DE's maximum drawdown of -49.68%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and C024.DE.
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Drawdown Indicators
| ICGA.DE | C024.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -49.68% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -6.78% | -10.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -25.82% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -40.47% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.10% | — |
Current DrawdownCurrent decline from peak | -32.56% | -8.55% | -24.01% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -24.80% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 2.22% | +5.86% |
Volatility
ICGA.DE vs. C024.DE - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 7.19% compared to Amundi MSCI China A II UCITS ETF Dist (C024.DE) at 5.71%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than C024.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICGA.DE | C024.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 5.71% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 11.25% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 15.47% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 22.92% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 24.34% | +2.63% |
ICGA.DE vs. C024.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than C024.DE's 0.25% expense ratio.
Dividends
ICGA.DE vs. C024.DE - Dividend Comparison
ICGA.DE has not paid dividends to shareholders, while C024.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 1.69% | 1.89% | 2.19% | 1.98% | 1.34% | 1.23% | 1.42% | 1.88% | 2.49% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICGA.DE and C024.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, C024.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
C024.DE is cheaper with a 0.25% expense ratio, compared with 0.28% for ICGA.DE.
ICGA.DE tracks MSCI China, while C024.DE tracks MSCI China A. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.28% for ICGA.DE and 0.25% for C024.DE.
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