IS3M.DE vs. XCHA.DE
IS3M.DE (iShares € Ultrashort Bond UCITS ETF) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both exchange-traded funds - IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while XCHA.DE is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, IS3M.DE returned 1.03%/yr vs 9.73%/yr for XCHA.DE. At a correlation of -0.01, they often move in opposite directions. IS3M.DE charges 0.09%/yr vs 0.50%/yr for XCHA.DE.
Performance
IS3M.DE vs. XCHA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3M.DE achieves a 1.00% return, which is significantly lower than XCHA.DE's 17.62% return. Over the past 10 years, IS3M.DE has underperformed XCHA.DE with an annualized return of 1.03%, while XCHA.DE has yielded a comparatively higher 9.73% annualized return.
IS3M.DE
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 1.00%
- 6M
- 0.96%
- 1Y
- 2.16%
- 3Y*
- 3.30%
- 5Y*
- 2.11%
- 10Y*
- 1.03%
XCHA.DE
- 1D
- 1.81%
- 1M
- 4.79%
- YTD
- 17.62%
- 6M
- 19.04%
- 1Y
- 44.57%
- 3Y*
- 15.80%
- 5Y*
- 3.97%
- 10Y*
- 9.73%
IS3M.DE vs. XCHA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.00% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.09% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 17.62% | 14.66% | 24.36% | -14.24% | -19.19% | 13.31% | 31.26% | 44.91% | -21.79% | 18.93% |
Correlation
The correlation between IS3M.DE and XCHA.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | -0.01 |
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Return for Risk
IS3M.DE vs. XCHA.DE — Risk / Return Rank
IS3M.DE
XCHA.DE
IS3M.DE vs. XCHA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.
| IS3M.DE | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.47 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 7.25 | 7.46 | -0.21 |
| Martin ratioReturn relative to average drawdown | 45.99 | 19.02 | +26.97 |
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Drawdowns
IS3M.DE vs. XCHA.DE - Drawdown Comparison
The maximum IS3M.DE drawdown since its inception was -3.80%, smaller than the maximum XCHA.DE drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for IS3M.DE and XCHA.DE.
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Drawdown Indicators
| IS3M.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.80% | -52.27% | +48.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -5.94% | +5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -0.47% | -26.34% | +25.87% |
Max Drawdown (5Y)Largest decline over 5 years | -1.18% | -37.05% | +35.87% |
Max Drawdown (10Y)Largest decline over 10 years | -3.80% | -38.54% | +34.74% |
Current DrawdownCurrent decline from peak | 0.00% | -0.66% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -24.44% | +24.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.33% | -2.28% |
Volatility
IS3M.DE vs. XCHA.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) is 0.34%, while Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) has a volatility of 6.20%. This indicates that IS3M.DE experiences smaller price fluctuations and is considered to be less risky than XCHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3M.DE | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 6.20% | -5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 11.58% | -10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.77% | 16.44% | -15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 21.32% | -20.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 22.20% | -21.09% |
IS3M.DE vs. XCHA.DE - Expense Ratio Comparison
IS3M.DE has a 0.09% expense ratio, which is lower than XCHA.DE's 0.50% expense ratio.
Dividends
IS3M.DE vs. XCHA.DE - Dividend Comparison
IS3M.DE's dividend yield for the trailing twelve months is around 2.33%, while XCHA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS3M.DE and XCHA.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for XCHA.DE.
IS3M.DE is categorized as Ultrashort Bond, while XCHA.DE is China Equities. IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for IS3M.DE and 0.50% for XCHA.DE.
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