ICGA.DE vs. LCHI.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and LCHI.DE (Amundi MSCI China ESG Leaders Extra UCITS ETF Acc) are both China Equities funds - ICGA.DE tracks the MSCI China while LCHI.DE tracks the MSCI China Select ESG Rating and Trend Leaders. Both are passively managed. Over the past 5 years, ICGA.DE returned -4.32%/yr vs -6.02%/yr for LCHI.DE. With a 0.95 correlation, they move nearly in lockstep. ICGA.DE charges 0.28%/yr vs 0.65%/yr for LCHI.DE.
Performance
ICGA.DE vs. LCHI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ICGA.DE having a -6.86% return and LCHI.DE slightly higher at -6.56%.
ICGA.DE
- 1D
- -0.54%
- 1M
- -3.40%
- YTD
- -6.86%
- 6M
- -9.46%
- 1Y
- 2.44%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
LCHI.DE
- 1D
- -0.66%
- 1M
- -2.44%
- YTD
- -6.56%
- 6M
- -9.08%
- 1Y
- 3.00%
- 3Y*
- 6.79%
- 5Y*
- -6.02%
- 10Y*
- -0.61%
ICGA.DE vs. LCHI.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% |
LCHI.DE Amundi MSCI China ESG Leaders Extra UCITS ETF Acc | -6.56% | 21.51% | 20.39% | -16.01% | -18.45% | -19.46% | -11.07% | 7.75% |
Correlation
The correlation between ICGA.DE and LCHI.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.95 |
The correlation between ICGA.DE and LCHI.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
ICGA.DE vs. LCHI.DE — Risk / Return Rank
ICGA.DE
LCHI.DE
ICGA.DE vs. LCHI.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 ESG Leaders Extra UCITS ETF Acc (LCHI.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 | LCHI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.19 | -0.03 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.37 | -0.04 |
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 | LCHI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.17 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.20 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.09 | -0.05 |
Drawdowns
ICGA.DE vs. LCHI.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, smaller than the maximum LCHI.DE drawdown of -70.36%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and LCHI.DE.
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Drawdown Indicators
| ICGA.DE | LCHI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -70.36% | +14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -17.61% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -26.53% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -53.34% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.24% | — |
Current DrawdownCurrent decline from peak | -32.56% | -45.52% | +12.96% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -35.43% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 9.13% | -1.05% |
Volatility
ICGA.DE vs. LCHI.DE - Volatility Comparison
The current volatility for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) is 7.19%, while Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.DE) has a volatility of 7.94%. This indicates that ICGA.DE experiences smaller price fluctuations and is considered to be less risky than LCHI.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 | LCHI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 7.94% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 14.06% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 20.12% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 29.07% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 25.29% | +1.68% |
ICGA.DE vs. LCHI.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is lower than LCHI.DE's 0.65% expense ratio.
Dividends
ICGA.DE vs. LCHI.DE - Dividend Comparison
Neither ICGA.DE nor LCHI.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ICGA.DE and LCHI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.65% for LCHI.DE.
ICGA.DE tracks MSCI China, while LCHI.DE tracks MSCI China Select ESG Rating and Trend Leaders. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.28% for ICGA.DE and 0.65% for LCHI.DE.
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