LHKG.DE vs. CNUA.DE

Last updated Jun 5, 2026

LHKG.DE (Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist) and CNUA.DE (UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc) are both China Equities funds - LHKG.DE tracks the MSCI China Select ESG Rating and Trend Leaders while CNUA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, LHKG.DE returned -2.20%/yr vs 3.68%/yr for CNUA.DE. A 0.65 correlation means they provide meaningful diversification when combined. LHKG.DE charges 0.65%/yr vs 0.30%/yr for CNUA.DE.

Performance

LHKG.DE vs. CNUA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) and UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LHKG.DE achieves a -6.38% return, which is significantly lower than CNUA.DE's 13.12% return.

LHKG.DE

• 1D: -0.30%
• 1M: -2.25%
• YTD: -6.38%
• 6M: -8.89%
• 1Y: 2.88%
• 3Y*: 6.17%
• 5Y*: -2.20%
• 10Y*: 2.55%

CNUA.DE

• 1D: -0.03%
• 1M: 1.29%
• YTD: 13.12%
• 6M: 15.08%
• 1Y: 40.21%
• 3Y*: 12.39%
• 5Y*: 3.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LHKG.DE vs. CNUA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist	-6.38%	21.50%	20.37%	-17.49%	-7.90%	-6.59%	-3.84%
CNUA.DE UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc	13.12%	15.18%	24.15%	-14.62%	-18.77%	18.43%	30.72%

Correlation

The correlation between LHKG.DE and CNUA.DE is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020	0.65

The correlation between LHKG.DE and CNUA.DE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.

Return for Risk

LHKG.DE vs. CNUA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LHKG.DE

LHKG.DE Risk / Return Rank: 11
LHKG.DE Sharpe Ratio Rank: 12
LHKG.DE Sortino Ratio Rank: 12
LHKG.DE Omega Ratio Rank: 11
LHKG.DE Calmar Ratio Rank: 11
LHKG.DE Martin Ratio Rank: 11

CNUA.DE

CNUA.DE Risk / Return Rank: 47
CNUA.DE Sharpe Ratio Rank: 42
CNUA.DE Sortino Ratio Rank: 46
CNUA.DE Omega Ratio Rank: 65
CNUA.DE Calmar Ratio Rank: 49
CNUA.DE Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LHKG.DE vs. CNUA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) and UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.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.

	LHKG.DE	CNUA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.18	1.46	-1.28
Sortino ratio: Return per unit of downside risk	0.40	2.24	-1.84
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	0.20	2.41	-2.21
Martin ratio: Return relative to average drawdown	0.38	4.99	-4.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LHKG.DE vs. CNUA.DE - Sharpe Ratio Comparison

The current LHKG.DE Sharpe Ratio is 0.18, which is lower than the CNUA.DE Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of LHKG.DE and CNUA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LHKG.DE	CNUA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	1.46	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.15	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.35	-0.23

Drawdowns

LHKG.DE vs. CNUA.DE - Drawdown Comparison

The maximum LHKG.DE drawdown since its inception was -58.71%, which is greater than CNUA.DE's maximum drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for LHKG.DE and CNUA.DE.

Drawdown Indicators

	LHKG.DE	CNUA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-58.71%	-37.81%	-20.90%
Max Drawdown (1Y) Largest decline over 1 year	-17.64%	-16.76%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-26.41%	-26.63%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-43.07%	-37.81%	-5.26%
Max Drawdown (10Y) Largest decline over 10 years	-45.11%	—	—
Current Drawdown Current decline from peak	-16.18%	-2.20%	-13.98%
Average Drawdown Average peak-to-trough decline	-19.83%	-15.12%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.15%	8.11%	+1.04%

Volatility

LHKG.DE vs. CNUA.DE - Volatility Comparison

Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) has a higher volatility of 8.31% compared to UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) at 4.93%. This indicates that LHKG.DE's price experiences larger fluctuations and is considered to be riskier than CNUA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LHKG.DE	CNUA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	4.93%	+3.38%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	11.91%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.89%	27.65%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.93%	25.09%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.47%	26.24%	-3.77%

LHKG.DE vs. CNUA.DE - Expense Ratio Comparison

LHKG.DE has a 0.65% expense ratio, which is higher than CNUA.DE's 0.30% expense ratio.

Dividends

LHKG.DE vs. CNUA.DE - Dividend Comparison

LHKG.DE's dividend yield for the trailing twelve months is around 1.61%, while CNUA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNUA.DE UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist	1.61%	1.50%	2.18%	0.17%	3.78%	1.35%	2.46%	2.58%	3.04%	2.30%	3.38%	3.88%

Frequently Asked Questions

Can I hold both LHKG.DE and CNUA.DE in my portfolio?

LHKG.DE and CNUA.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LHKG.DE or CNUA.DE?

On fees, CNUA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LHKG.DE or CNUA.DE?

CNUA.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for LHKG.DE.

What is the main difference between LHKG.DE and CNUA.DE?

LHKG.DE tracks MSCI China Select ESG Rating and Trend Leaders, while CNUA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.65% for LHKG.DE and 0.30% for CNUA.DE.