LHKG.DE vs. ICGA.DE
LHKG.DE (Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both China Equities funds - LHKG.DE tracks the MSCI China Select ESG Rating and Trend Leaders while ICGA.DE tracks the MSCI China. Both are passively managed. Over the past 5 years, LHKG.DE returned -2.20%/yr vs -4.32%/yr for ICGA.DE. Their correlation of 0.93 suggests significant overlap in exposure. LHKG.DE charges 0.65%/yr vs 0.28%/yr for ICGA.DE.
Performance
LHKG.DE vs. ICGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LHKG.DE achieves a -6.38% return, which is significantly higher than ICGA.DE's -6.86% 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%
ICGA.DE
- 1D
- -0.54%
- 1M
- -3.40%
- YTD
- -6.86%
- 6M
- -9.46%
- 1Y
- 2.44%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
LHKG.DE vs. ICGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist | -6.38% | 21.50% | 20.37% | -17.49% | -7.90% | -6.59% | -10.39% | 2.58% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 14.05% |
Correlation
The correlation between LHKG.DE and ICGA.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.93 |
The correlation between LHKG.DE and ICGA.DE has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
LHKG.DE vs. ICGA.DE — Risk / Return Rank
LHKG.DE
ICGA.DE
LHKG.DE vs. ICGA.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 iShares MSCI China UCITS ETF USD Acc (ICGA.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 | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.16 | +0.04 |
| Martin ratioReturn relative to average drawdown | 0.38 | 0.34 | +0.04 |
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
| LHKG.DE | ICGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.15 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.15 | +0.07 |
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 | 0.05 | +0.08 |
Drawdowns
LHKG.DE vs. ICGA.DE - Drawdown Comparison
The maximum LHKG.DE drawdown since its inception was -58.71%, roughly equal to the maximum ICGA.DE drawdown of -55.95%. Use the drawdown chart below to compare losses from any high point for LHKG.DE and ICGA.DE.
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Drawdown Indicators
| LHKG.DE | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.71% | -55.95% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -16.84% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -24.41% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -43.07% | -49.32% | +6.25% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | — | — |
Current DrawdownCurrent decline from peak | -16.18% | -32.56% | +16.38% |
Average DrawdownAverage peak-to-trough decline | -19.83% | -28.80% | +8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.15% | 8.08% | +1.07% |
Volatility
LHKG.DE vs. ICGA.DE - Volatility Comparison
Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) has a higher volatility of 8.31% compared to iShares MSCI China UCITS ETF USD Acc (ICGA.DE) at 7.19%. This indicates that LHKG.DE's price experiences larger fluctuations and is considered to be riskier than ICGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LHKG.DE | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 7.19% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 13.31% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 18.64% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.93% | 27.66% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 26.97% | -4.50% |
LHKG.DE vs. ICGA.DE - Expense Ratio Comparison
LHKG.DE has a 0.65% expense ratio, which is higher than ICGA.DE's 0.28% expense ratio.
Dividends
LHKG.DE vs. ICGA.DE - Dividend Comparison
LHKG.DE's dividend yield for the trailing twelve months is around 1.61%, while ICGA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD 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
With a correlation of 0.98, LHKG.DE and ICGA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ICGA.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICGA.DE is cheaper with a 0.28% expense ratio, compared with 0.65% for LHKG.DE.
LHKG.DE tracks MSCI China Select ESG Rating and Trend Leaders, while ICGA.DE tracks MSCI China. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.65% for LHKG.DE and 0.28% for ICGA.DE.
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