ICGA.DE vs. LHKG.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and LHKG.DE (Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist) are both China Equities funds - ICGA.DE tracks the MSCI China while LHKG.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 -2.20%/yr for LHKG.DE. Their correlation of 0.93 suggests significant overlap in exposure. ICGA.DE charges 0.28%/yr vs 0.65%/yr for LHKG.DE.
Performance
ICGA.DE vs. LHKG.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 LHKG.DE's -6.38% 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*
- —
LHKG.DE
- 1D
- -0.30%
- 1M
- -0.82%
- YTD
- -6.38%
- 6M
- -7.96%
- 1Y
- 3.50%
- 3Y*
- 6.17%
- 5Y*
- -2.20%
- 10Y*
- 2.55%
ICGA.DE vs. LHKG.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% |
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist | -6.38% | 21.50% | 20.37% | -17.49% | -7.90% | -6.59% | -10.39% | 2.58% |
Correlation
The correlation between ICGA.DE and LHKG.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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.93 |
The correlation between ICGA.DE and LHKG.DE has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
ICGA.DE vs. LHKG.DE — Risk / Return Rank
ICGA.DE
LHKG.DE
ICGA.DE vs. LHKG.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 Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.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 | LHKG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.20 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.38 | -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 | LHKG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.18 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.09 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.12 | -0.08 |
Drawdowns
ICGA.DE vs. LHKG.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, roughly equal to the maximum LHKG.DE drawdown of -58.71%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and LHKG.DE.
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Drawdown Indicators
| ICGA.DE | LHKG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -58.71% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -17.64% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -26.41% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -43.07% | -6.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.11% | — |
Current DrawdownCurrent decline from peak | -32.56% | -16.18% | -16.38% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -19.83% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 9.15% | -1.07% |
Volatility
ICGA.DE vs. LHKG.DE - Volatility Comparison
The current volatility for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) is 7.19%, while Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) has a volatility of 8.31%. This indicates that ICGA.DE experiences smaller price fluctuations and is considered to be less risky than LHKG.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 | LHKG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 8.31% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 14.08% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 19.89% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 24.93% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 22.47% | +4.50% |
ICGA.DE vs. LHKG.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is lower than LHKG.DE's 0.65% expense ratio.
Dividends
ICGA.DE vs. LHKG.DE - Dividend Comparison
ICGA.DE has not paid dividends to shareholders, while LHKG.DE's dividend yield for the trailing twelve months is around 1.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist | 1.61% | 1.50% | 2.18% | 0.17% | 3.78% | 1.35% | 2.46% | 2.58% | 3.04% | 2.30% | 3.38% | 3.88% |
Frequently Asked Questions
With a correlation of 0.98, ICGA.DE and LHKG.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 LHKG.DE.
ICGA.DE tracks MSCI China, while LHKG.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 LHKG.DE.
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