IDFX.L vs. CNSG.L
IDFX.L (iShares China Large Cap UCITS) and CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) are both China Equities funds tracking the MSCI China NR USD, from iShares and UBS respectively. Both are passively managed. Over the past 5 years, IDFX.L returned -2.68%/yr vs -4.26%/yr for CNSG.L. Their correlation of 0.92 suggests significant overlap in exposure. IDFX.L charges 0.74%/yr vs 0.45%/yr for CNSG.L.
Performance
IDFX.L vs. CNSG.L - Performance Comparison
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Different Trading Currencies
IDFX.L is traded in USD, while CNSG.L is traded in GBp. To make them comparable, the CNSG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDFX.L achieves a -9.70% return, which is significantly lower than CNSG.L's -5.46% return.
IDFX.L
- 1D
- 1.87%
- 1M
- -2.16%
- 6M
- -13.18%
- YTD
- -9.70%
- 1Y
- -5.87%
- 3Y*
- 9.39%
- 5Y*
- -2.68%
- 10Y*
- 2.19%
CNSG.L
- 1D
- 2.17%
- 1M
- -1.30%
- 6M
- -9.04%
- YTD
- -5.46%
- 1Y
- -1.44%
- 3Y*
- 7.93%
- 5Y*
- -4.26%
- 10Y*
- —
IDFX.L vs. CNSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IDFX.L iShares China Large Cap UCITS | -9.70% | 28.34% | 31.04% | -13.62% | -20.48% | -20.45% | 10.44% | 4.79% |
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | -5.46% | 27.10% | 18.51% | -14.21% | -21.64% | -18.15% | 30.89% | -12.14% |
Correlation
The correlation between IDFX.L and CNSG.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.92 |
The correlation between IDFX.L and CNSG.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
IDFX.L vs. CNSG.L — Risk / Return Rank
IDFX.L
CNSG.L
IDFX.L vs. CNSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (IDFX.L) and UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L). 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.
| IDFX.L | CNSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.00 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.08 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.18 | -0.43 |
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Drawdowns
IDFX.L vs. CNSG.L - Drawdown Comparison
The maximum IDFX.L drawdown since its inception was -70.73%, which is greater than CNSG.L's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for IDFX.L and CNSG.L.
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Drawdown Indicators
| IDFX.L | CNSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -59.96% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -18.02% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -28.73% | -29.05% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -51.74% | -51.47% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -60.44% | — | — |
Current DrawdownCurrent decline from peak | -28.42% | -33.64% | +5.22% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -32.70% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.65% | 7.93% | +1.72% |
Volatility
IDFX.L vs. CNSG.L - Volatility Comparison
iShares China Large Cap UCITS (IDFX.L) has a higher volatility of 6.39% compared to UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) at 5.80%. This indicates that IDFX.L's price experiences larger fluctuations and is considered to be riskier than CNSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDFX.L | CNSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 5.80% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 13.38% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 17.95% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 28.74% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.01% | 27.57% | -1.56% |
IDFX.L vs. CNSG.L - Expense Ratio Comparison
IDFX.L has a 0.74% expense ratio, which is higher than CNSG.L's 0.45% expense ratio.
Dividends
IDFX.L vs. CNSG.L - Dividend Comparison
IDFX.L's dividend yield for the trailing twelve months is around 1.82%, less than CNSG.L's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | 2.68% | 2.57% | 0.85% | 2.00% | 1.80% | 1.35% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDFX.L iShares China Large Cap UCITS | 1.82% | 1.76% | 2.38% | 2.43% | 2.36% | 1.86% | 2.39% | 2.44% | 3.04% | 2.35% | 2.47% | 2.70% |
Frequently Asked Questions
With a correlation of 0.94, IDFX.L and CNSG.L 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, CNSG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNSG.L is cheaper with a 0.45% expense ratio, compared with 0.74% for IDFX.L.
Both ETFs track MSCI China NR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.74% for IDFX.L and 0.45% for CNSG.L.
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