LCHI.DE vs. MCHN.DE
LCHI.DE (Amundi MSCI China ESG Leaders Extra UCITS ETF Acc) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - LCHI.DE tracks the MSCI China Select ESG Rating and Trend Leaders while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 5 years, LCHI.DE returned -5.77%/yr vs -2.88%/yr for MCHN.DE. Their correlation of 0.92 suggests significant overlap in exposure. LCHI.DE charges 0.65%/yr vs 0.35%/yr for MCHN.DE.
Performance
LCHI.DE vs. MCHN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCHI.DE achieves a -8.35% return, which is significantly lower than MCHN.DE's -1.78% return.
LCHI.DE
- 1D
- -2.54%
- 1M
- 1.33%
- 6M
- -12.48%
- YTD
- -8.35%
- 1Y
- -1.51%
- 3Y*
- 7.07%
- 5Y*
- -5.77%
- 10Y*
- —
MCHN.DE
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- -5.58%
- YTD
- -1.78%
- 1Y
- 8.32%
- 3Y*
- 8.77%
- 5Y*
- -2.88%
- 10Y*
- —
LCHI.DE vs. MCHN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LCHI.DE Amundi MSCI China ESG Leaders Extra UCITS ETF Acc | -8.35% | 21.51% | 20.39% | -16.01% | -18.45% | -25.35% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -1.78% | 13.01% | 25.16% | -15.29% | -18.40% | -10.70% |
Correlation
The correlation between LCHI.DE and MCHN.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.92 |
The correlation between LCHI.DE and MCHN.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
LCHI.DE vs. MCHN.DE — Risk / Return Rank
LCHI.DE
MCHN.DE
LCHI.DE vs. MCHN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.DE) and Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.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.
| LCHI.DE | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.75 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.13 | 1.51 | -1.64 |
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Drawdowns
LCHI.DE vs. MCHN.DE - Drawdown Comparison
The maximum LCHI.DE drawdown since its inception was -57.56%, which is greater than MCHN.DE's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for LCHI.DE and MCHN.DE.
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Drawdown Indicators
| LCHI.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.56% | -45.79% | -11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -11.21% | -11.11% |
Max Drawdown (3Y)Largest decline over 3 years | -26.53% | -23.24% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -50.10% | -43.29% | -6.81% |
Current DrawdownCurrent decline from peak | -36.33% | -17.50% | -18.83% |
Average DrawdownAverage peak-to-trough decline | -29.85% | -23.92% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.19% | 5.54% | +5.65% |
Volatility
LCHI.DE vs. MCHN.DE - Volatility Comparison
Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.DE) has a higher volatility of 7.21% compared to Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) at 5.28%. This indicates that LCHI.DE's price experiences larger fluctuations and is considered to be riskier than MCHN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCHI.DE | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.28% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.83% | 12.32% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 17.52% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.14% | 25.04% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.07% | 24.64% | +2.43% |
LCHI.DE vs. MCHN.DE - Expense Ratio Comparison
LCHI.DE has a 0.65% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
LCHI.DE vs. MCHN.DE - Dividend Comparison
Neither LCHI.DE nor MCHN.DE has paid dividends to shareholders.
Frequently Asked Questions
LCHI.DE and MCHN.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCHN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for LCHI.DE.
LCHI.DE tracks MSCI China Select ESG Rating and Trend Leaders, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.65% for LCHI.DE and 0.35% for MCHN.DE.
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