ICGA.DE vs. DBX9.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and DBX9.DE (Xtrackers FTSE China 50 UCITS ETF 1C) are both China Equities funds - ICGA.DE tracks the MSCI China while DBX9.DE tracks the FTSE China 50. Both are passively managed. Over the past 5 years, ICGA.DE returned -4.32%/yr vs 0.17%/yr for DBX9.DE. Their correlation of 0.92 suggests significant overlap in exposure. ICGA.DE charges 0.28%/yr vs 0.60%/yr for DBX9.DE.
Performance
ICGA.DE vs. DBX9.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 DBX9.DE's 9.85% 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*
- —
DBX9.DE
- 1D
- -0.73%
- 1M
- 1.75%
- YTD
- 9.85%
- 6M
- 13.25%
- 1Y
- 32.77%
- 3Y*
- 13.37%
- 5Y*
- 0.17%
- 10Y*
- 3.94%
ICGA.DE vs. DBX9.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% |
DBX9.DE Xtrackers FTSE China 50 UCITS ETF 1C | 9.85% | 10.01% | 37.68% | -16.44% | -13.62% | -14.98% | -0.87% | 8.19% |
Correlation
The correlation between ICGA.DE and DBX9.DE 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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.92 |
Over the past year, the correlation between ICGA.DE and DBX9.DE has dropped to 0.65 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
ICGA.DE vs. DBX9.DE — Risk / Return Rank
ICGA.DE
DBX9.DE
ICGA.DE vs. DBX9.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 Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.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 | DBX9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.90 | -1.73 |
| Martin ratioReturn relative to average drawdown | 0.34 | 3.67 | -3.33 |
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 | DBX9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.24 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.01 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.08 | -0.04 |
Drawdowns
ICGA.DE vs. DBX9.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, smaller than the maximum DBX9.DE drawdown of -66.51%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and DBX9.DE.
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Drawdown Indicators
| ICGA.DE | DBX9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -66.51% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -17.20% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -27.83% | +3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -47.59% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.98% | — |
Current DrawdownCurrent decline from peak | -32.56% | -14.62% | -17.94% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -29.50% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 8.91% | -0.83% |
Volatility
ICGA.DE vs. DBX9.DE - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 7.19% compared to Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.DE) at 5.29%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than DBX9.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 | DBX9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 5.29% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 10.45% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 26.35% | -7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 28.75% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 25.42% | +1.55% |
ICGA.DE vs. DBX9.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is lower than DBX9.DE's 0.60% expense ratio.
Dividends
ICGA.DE vs. DBX9.DE - Dividend Comparison
Neither ICGA.DE nor DBX9.DE has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and DBX9.DE 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.
On fees, ICGA.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICGA.DE is cheaper with a 0.28% expense ratio, compared with 0.60% for DBX9.DE.
ICGA.DE tracks MSCI China, while DBX9.DE tracks FTSE China 50. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.28% for ICGA.DE and 0.60% for DBX9.DE.
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