ICGA.DE vs. CSSX5E.MI
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while CSSX5E.MI is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past 5 years, ICGA.DE returned -3.91%/yr vs 11.68%/yr for CSSX5E.MI. At a 0.43 correlation, their price movements are largely independent. ICGA.DE charges 0.28%/yr vs 0.10%/yr for CSSX5E.MI.
Performance
ICGA.DE vs. CSSX5E.MI - Performance Comparison
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Returns By Period
In the year-to-date period, ICGA.DE achieves a -7.21% return, which is significantly lower than CSSX5E.MI's 9.31% 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*
- —
CSSX5E.MI
- 1D
- 0.77%
- 1M
- 7.33%
- YTD
- 9.31%
- 6M
- 10.49%
- 1Y
- 20.75%
- 3Y*
- 15.51%
- 5Y*
- 11.68%
- 10Y*
- 11.32%
ICGA.DE vs. CSSX5E.MI - 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% |
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR Acc | 9.31% | 23.04% | 10.93% | 22.79% | -9.22% | 23.62% | -2.24% | 8.63% |
Correlation
The correlation between ICGA.DE and CSSX5E.MI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.43 |
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Return for Risk
ICGA.DE vs. CSSX5E.MI — Risk / Return Rank
ICGA.DE
CSSX5E.MI
ICGA.DE vs. CSSX5E.MI - 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 iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI). 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 | CSSX5E.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.92 | -1.74 |
| Martin ratioReturn relative to average drawdown | 0.37 | 6.58 | -6.21 |
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Drawdowns
ICGA.DE vs. CSSX5E.MI - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.91%, which is greater than CSSX5E.MI's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and CSSX5E.MI.
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Drawdown Indicators
| ICGA.DE | CSSX5E.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -38.50% | -17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.50% | -10.81% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | -16.36% | -7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -23.56% | -25.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -32.83% | 0.00% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -28.78% | -7.26% | -21.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 3.15% | +5.32% |
Volatility
ICGA.DE vs. CSSX5E.MI - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 6.02% compared to iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) at 4.33%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than CSSX5E.MI 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 | CSSX5E.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.33% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 13.15% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 16.07% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 17.63% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 18.32% | +8.73% |
ICGA.DE vs. CSSX5E.MI - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than CSSX5E.MI's 0.10% expense ratio.
Dividends
ICGA.DE vs. CSSX5E.MI - Dividend Comparison
Neither ICGA.DE nor CSSX5E.MI has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and CSSX5E.MI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSX5E.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSX5E.MI is cheaper with a 0.10% expense ratio, compared with 0.28% for ICGA.DE.
ICGA.DE is categorized as China Equities, while CSSX5E.MI is Europe Equities. ICGA.DE tracks MSCI China, while CSSX5E.MI tracks EURO STOXX® 50. Their fees differ too: 0.28% for ICGA.DE and 0.10% for CSSX5E.MI.
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