ICGA.DE vs. XRS2.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and XRS2.DE (Xtrackers Russell 2000 UCITS ETF 1C) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while XRS2.DE is a Small Cap Blend Equities fund tracking the Russell 2000®. Both are passively managed. Over the past 5 years, ICGA.DE returned -3.91%/yr vs 6.97%/yr for XRS2.DE. At a 0.39 correlation, their price movements are largely independent. ICGA.DE charges 0.28%/yr vs 0.30%/yr for XRS2.DE.
Performance
ICGA.DE vs. XRS2.DE - 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 XRS2.DE's 19.79% 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*
- —
XRS2.DE
- 1D
- 0.37%
- 1M
- 6.68%
- YTD
- 19.79%
- 6M
- 19.32%
- 1Y
- 41.04%
- 3Y*
- 15.43%
- 5Y*
- 6.97%
- 10Y*
- 10.63%
ICGA.DE vs. XRS2.DE - 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% |
XRS2.DE Xtrackers Russell 2000 UCITS ETF 1C | 19.79% | 1.29% | 15.81% | 14.81% | -16.50% | 24.61% | 8.18% | 10.73% |
Correlation
The correlation between ICGA.DE and XRS2.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.39 |
The correlation between ICGA.DE and XRS2.DE shifts across timeframes, from 0.28 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICGA.DE vs. XRS2.DE — Risk / Return Rank
ICGA.DE
XRS2.DE
ICGA.DE vs. XRS2.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 Russell 2000 UCITS ETF 1C (XRS2.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.
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 | XRS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 4.43 | -4.25 |
| Martin ratioReturn relative to average drawdown | 0.37 | 15.00 | -14.62 |
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Drawdowns
ICGA.DE vs. XRS2.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.91%, which is greater than XRS2.DE's maximum drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and XRS2.DE.
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Drawdown Indicators
| ICGA.DE | XRS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -41.13% | -14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.50% | -9.23% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | -32.77% | +8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -32.77% | -16.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -32.83% | 0.00% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -28.78% | -10.92% | -17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 2.73% | +5.74% |
Volatility
ICGA.DE vs. XRS2.DE - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) have volatilities of 6.02% and 5.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICGA.DE | XRS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.74% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 13.67% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 19.44% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 21.24% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 22.37% | +4.68% |
ICGA.DE vs. XRS2.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is lower than XRS2.DE's 0.30% expense ratio.
Dividends
ICGA.DE vs. XRS2.DE - Dividend Comparison
Neither ICGA.DE nor XRS2.DE has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and XRS2.DE have a correlation of 0.33, 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 0.30% for XRS2.DE.
ICGA.DE is categorized as China Equities, while XRS2.DE is Small Cap Blend Equities. ICGA.DE tracks MSCI China, while XRS2.DE tracks Russell 2000®. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.28% for ICGA.DE and 0.30% for XRS2.DE.
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