LCCN.L vs. CEBG.L
LCCN.L (Lyxor MSCI China UCITS ETF - Acc) and CEBG.L (VanEck New China ESG UCITS ETF A) are both China Equities funds tracking the MSCI China NR USD, from Amundi and VanEck respectively. Both are passively managed. Over the past 3 years, LCCN.L returned 11.02%/yr vs 2.53%/yr for CEBG.L. A 0.76 correlation means they provide meaningful diversification when combined. LCCN.L charges 0.29%/yr vs 0.60%/yr for CEBG.L.
Performance
LCCN.L vs. CEBG.L - Performance Comparison
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Different Trading Currencies
LCCN.L is traded in USD, while CEBG.L is traded in GBP. To make them comparable, the CEBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LCCN.L achieves a -7.04% return, which is significantly lower than CEBG.L's -4.07% return.
LCCN.L
- 1D
- -0.13%
- 1M
- -2.64%
- YTD
- -7.04%
- 6M
- -8.41%
- 1Y
- 5.00%
- 3Y*
- 11.02%
- 5Y*
- -4.89%
- 10Y*
- —
CEBG.L
- 1D
- -0.66%
- 1M
- -3.02%
- YTD
- -4.07%
- 6M
- -4.82%
- 1Y
- 8.73%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
LCCN.L vs. CEBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LCCN.L Lyxor MSCI China UCITS ETF - Acc | -7.04% | 32.04% | 19.37% | -11.61% | -22.21% | -4.91% |
CEBG.L VanEck New China ESG UCITS ETF A | -4.07% | 24.16% | -0.43% | -9.73% | -28.08% | 7.83% |
Correlation
The correlation between LCCN.L and CEBG.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.76 |
The correlation between LCCN.L and CEBG.L has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
LCCN.L vs. CEBG.L — Risk / Return Rank
LCCN.L
CEBG.L
LCCN.L vs. CEBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI China UCITS ETF - Acc (LCCN.L) and VanEck New China ESG UCITS ETF A (CEBG.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.
| LCCN.L | CEBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.10 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.63 | -0.33 |
| Martin ratioReturn relative to average drawdown | 0.61 | 1.44 | -0.83 |
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
| LCCN.L | CEBG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.52 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.15 | +0.27 |
Drawdowns
LCCN.L vs. CEBG.L - Drawdown Comparison
The maximum LCCN.L drawdown since its inception was -62.38%, which is greater than CEBG.L's maximum drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for LCCN.L and CEBG.L.
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Drawdown Indicators
| LCCN.L | CEBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.38% | -46.74% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -13.91% | -3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | -28.19% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -56.10% | — | — |
Current DrawdownCurrent decline from peak | -34.07% | -23.08% | -10.99% |
Average DrawdownAverage peak-to-trough decline | -30.16% | -26.81% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 6.04% | +2.11% |
Volatility
LCCN.L vs. CEBG.L - Volatility Comparison
Lyxor MSCI China UCITS ETF - Acc (LCCN.L) has a higher volatility of 8.04% compared to VanEck New China ESG UCITS ETF A (CEBG.L) at 5.02%. This indicates that LCCN.L's price experiences larger fluctuations and is considered to be riskier than CEBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCCN.L | CEBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.02% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 11.45% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 16.92% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.33% | 25.84% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 25.84% | +2.04% |
LCCN.L vs. CEBG.L - Expense Ratio Comparison
LCCN.L has a 0.29% expense ratio, which is lower than CEBG.L's 0.60% expense ratio.
Dividends
LCCN.L vs. CEBG.L - Dividend Comparison
Neither LCCN.L nor CEBG.L has paid dividends to shareholders.
Frequently Asked Questions
LCCN.L and CEBG.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCCN.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCCN.L is cheaper with a 0.29% expense ratio, compared with 0.60% for CEBG.L.
Both ETFs track MSCI China NR USD. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.29% for LCCN.L and 0.60% for CEBG.L.
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