L4K3.DE vs. M9SV.DE
L4K3.DE (Amundi MSCI China UCITS ETF Acc) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - L4K3.DE tracks the MSCI China while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 5 years, L4K3.DE returned -4.21%/yr vs 4.62%/yr for M9SV.DE. At a 0.48 correlation, their price movements are largely independent. L4K3.DE charges 0.29%/yr vs 0.45%/yr for M9SV.DE.
Performance
L4K3.DE vs. M9SV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, L4K3.DE achieves a -9.66% return, which is significantly lower than M9SV.DE's -4.17% return.
L4K3.DE
- 1D
- -2.68%
- 1M
- -0.45%
- 6M
- -13.07%
- YTD
- -9.66%
- 1Y
- -3.11%
- 3Y*
- 7.87%
- 5Y*
- -4.21%
- 10Y*
- —
M9SV.DE
- 1D
- -1.34%
- 1M
- -3.50%
- 6M
- -5.17%
- YTD
- -4.17%
- 1Y
- 0.85%
- 3Y*
- 7.46%
- 5Y*
- 4.62%
- 10Y*
- —
L4K3.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
L4K3.DE Amundi MSCI China UCITS ETF Acc | -9.66% | 17.16% | 27.31% | -14.42% | -14.92% | -16.74% | 15.64% | 11.55% | -15.73% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.17% | -5.32% | 37.47% | 2.90% | -11.14% | 18.00% | 14.68% | 7.74% | -6.99% |
Correlation
The correlation between L4K3.DE and M9SV.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2018 | 0.48 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
L4K3.DE vs. M9SV.DE — Risk / Return Rank
L4K3.DE
M9SV.DE
L4K3.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
| L4K3.DE | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.02 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.12 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.30 | 0.26 | -0.57 |
Loading charts...
Drawdowns
L4K3.DE vs. M9SV.DE - Drawdown Comparison
The maximum L4K3.DE drawdown since its inception was -55.67%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for L4K3.DE and M9SV.DE.
Loading charts...
Drawdown Indicators
| L4K3.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -23.79% | -31.88% |
Max Drawdown (1Y)Largest decline over 1 year | -20.86% | -7.28% | -13.58% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -23.79% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -45.99% | -23.79% | -22.20% |
Current DrawdownCurrent decline from peak | -33.51% | -17.53% | -15.98% |
Average DrawdownAverage peak-to-trough decline | -27.76% | -9.53% | -18.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 3.23% | +6.95% |
Volatility
L4K3.DE vs. M9SV.DE - Volatility Comparison
Amundi MSCI China UCITS ETF Acc (L4K3.DE) has a higher volatility of 6.22% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.57%. This indicates that L4K3.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| L4K3.DE | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 3.57% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.77% | 7.43% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 11.11% | +8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.87% | 20.42% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.93% | 21.48% | +5.45% |
L4K3.DE vs. M9SV.DE - Expense Ratio Comparison
L4K3.DE has a 0.29% expense ratio, which is lower than M9SV.DE's 0.45% expense ratio.
Dividends
L4K3.DE vs. M9SV.DE - Dividend Comparison
Neither L4K3.DE nor M9SV.DE has paid dividends to shareholders.
Frequently Asked Questions
L4K3.DE and M9SV.DE have a correlation of 0.45, 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 0.45% for M9SV.DE.
L4K3.DE tracks MSCI China, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: Amundi and Market Access. Their fees differ too: 0.29% for L4K3.DE and 0.45% for M9SV.DE.
Find the right allocation for L4K3.DE and M9SV.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer