M9SV.DE vs. CNUA.DE
M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) and CNUA.DE (UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc) are both China Equities funds - M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index while CNUA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, M9SV.DE returned 4.55%/yr vs 3.79%/yr for CNUA.DE. A 0.50 correlation means they provide meaningful diversification when combined. M9SV.DE charges 0.45%/yr vs 0.30%/yr for CNUA.DE.
Performance
M9SV.DE vs. CNUA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SV.DE achieves a -4.50% return, which is significantly lower than CNUA.DE's 13.50% return.
M9SV.DE
- 1D
- -1.69%
- 1M
- -4.54%
- 6M
- -6.05%
- YTD
- -4.50%
- 1Y
- 0.43%
- 3Y*
- 6.93%
- 5Y*
- 4.55%
- 10Y*
- —
CNUA.DE
- 1D
- 0.50%
- 1M
- -0.44%
- 6M
- 9.77%
- YTD
- 13.50%
- 1Y
- 37.44%
- 3Y*
- 13.93%
- 5Y*
- 3.79%
- 10Y*
- —
M9SV.DE vs. CNUA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -11.14% | 18.00% | 10.50% |
CNUA.DE UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc | 13.50% | 15.18% | 24.15% | -14.62% | -18.77% | 18.43% | 18.20% |
Correlation
The correlation between M9SV.DE and CNUA.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020 | 0.50 |
The correlation between M9SV.DE and CNUA.DE has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
M9SV.DE vs. CNUA.DE — Risk / Return Rank
M9SV.DE
CNUA.DE
M9SV.DE vs. CNUA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
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.
| M9SV.DE | CNUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 5.68 | -5.51 |
| Martin ratioReturn relative to average drawdown | 0.41 | 14.40 | -13.99 |
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Drawdowns
M9SV.DE vs. CNUA.DE - Drawdown Comparison
The maximum M9SV.DE drawdown since its inception was -23.79%, smaller than the maximum CNUA.DE drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for M9SV.DE and CNUA.DE.
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Drawdown Indicators
| M9SV.DE | CNUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -37.81% | +14.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -6.56% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -26.63% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | -37.81% | +14.02% |
Current DrawdownCurrent decline from peak | -17.81% | -4.81% | -13.00% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -14.66% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.59% | +0.62% |
Volatility
M9SV.DE vs. CNUA.DE - Volatility Comparison
The current volatility for Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) is 3.73%, while UBS ETF (IE) MSCI China A SF UCITS ETF (USD) A-acc (CNUA.DE) has a volatility of 8.35%. This indicates that M9SV.DE experiences smaller price fluctuations and is considered to be less risky than CNUA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M9SV.DE | CNUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 8.35% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 14.03% | -6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 19.16% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 23.32% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 25.08% | -3.59% |
M9SV.DE vs. CNUA.DE - Expense Ratio Comparison
M9SV.DE has a 0.45% expense ratio, which is higher than CNUA.DE's 0.30% expense ratio.
Dividends
M9SV.DE vs. CNUA.DE - Dividend Comparison
Neither M9SV.DE nor CNUA.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SV.DE and CNUA.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CNUA.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for M9SV.DE.
M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index, while CNUA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: Market Access and UBS. Their fees differ too: 0.45% for M9SV.DE and 0.30% for CNUA.DE.
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