L4K3.DE vs. 36BZ.DE
L4K3.DE (Amundi MSCI China UCITS ETF Acc) and 36BZ.DE (iShares MSCI China A UCITS ETF) are both China Equities funds - L4K3.DE tracks the MSCI China while 36BZ.DE tracks the MSCI China A Inclusion. Both are passively managed. Over the past 5 years, L4K3.DE returned -4.01%/yr vs -0.23%/yr for 36BZ.DE. A 0.74 correlation means they provide meaningful diversification when combined. L4K3.DE charges 0.29%/yr vs 0.40%/yr for 36BZ.DE.
Performance
L4K3.DE vs. 36BZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L4K3.DE achieves a -6.67% return, which is significantly lower than 36BZ.DE's 9.71% return.
L4K3.DE
- 1D
- -0.37%
- 1M
- -3.46%
- YTD
- -6.67%
- 6M
- -9.21%
- 1Y
- 2.64%
- 3Y*
- 8.01%
- 5Y*
- -4.01%
- 10Y*
- —
36BZ.DE
- 1D
- -0.75%
- 1M
- 0.35%
- YTD
- 9.71%
- 6M
- 11.84%
- 1Y
- 33.04%
- 3Y*
- 8.44%
- 5Y*
- -0.23%
- 10Y*
- 5.98%
L4K3.DE vs. 36BZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
L4K3.DE Amundi MSCI China UCITS ETF Acc | -6.67% | 17.15% | 27.30% | -14.42% | -14.90% | -16.74% | 15.62% | 7.71% |
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 13.41% | 28.50% | 8.10% |
Correlation
The correlation between L4K3.DE and 36BZ.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019 | 0.74 |
The correlation between L4K3.DE and 36BZ.DE has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
L4K3.DE vs. 36BZ.DE — Risk / Return Rank
L4K3.DE
36BZ.DE
L4K3.DE vs. 36BZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China UCITS ETF Acc (L4K3.DE) and iShares MSCI China A UCITS ETF (36BZ.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.
| L4K3.DE | 36BZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.38 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 5.10 | -4.97 |
| Martin ratioReturn relative to average drawdown | 0.21 | 13.77 | -13.56 |
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
| L4K3.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 2.11 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | -0.01 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.03 | 0.00 |
Drawdowns
L4K3.DE vs. 36BZ.DE - Drawdown Comparison
The maximum L4K3.DE drawdown since its inception was -55.69%, roughly equal to the maximum 36BZ.DE drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for L4K3.DE and 36BZ.DE.
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Drawdown Indicators
| L4K3.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.69% | -53.30% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -25.74% | -6.57% | -19.17% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -28.01% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -41.94% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.38% | — |
Current DrawdownCurrent decline from peak | -31.32% | -10.22% | -21.10% |
Average DrawdownAverage peak-to-trough decline | -28.02% | -30.19% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.28% | 2.44% | +12.84% |
Volatility
L4K3.DE vs. 36BZ.DE - Volatility Comparison
Amundi MSCI China UCITS ETF Acc (L4K3.DE) has a higher volatility of 7.29% compared to iShares MSCI China A UCITS ETF (36BZ.DE) at 5.55%. This indicates that L4K3.DE's price experiences larger fluctuations and is considered to be riskier than 36BZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L4K3.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 5.55% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 10.96% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 15.83% | +12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.30% | 21.44% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 22.10% | +5.93% |
L4K3.DE vs. 36BZ.DE - Expense Ratio Comparison
L4K3.DE has a 0.29% expense ratio, which is lower than 36BZ.DE's 0.40% expense ratio.
Dividends
L4K3.DE vs. 36BZ.DE - Dividend Comparison
Neither L4K3.DE nor 36BZ.DE has paid dividends to shareholders.
Frequently Asked Questions
L4K3.DE and 36BZ.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L4K3.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L4K3.DE is cheaper with a 0.29% expense ratio, compared with 0.40% for 36BZ.DE.
L4K3.DE tracks MSCI China, while 36BZ.DE tracks MSCI China A Inclusion. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.29% for L4K3.DE and 0.40% for 36BZ.DE.
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