M9SV.DE vs. MCHN.DE
M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 5 years, M9SV.DE returned 4.55%/yr vs -2.87%/yr for MCHN.DE. At a 0.47 correlation, their price movements are largely independent. M9SV.DE charges 0.45%/yr vs 0.35%/yr for MCHN.DE.
Performance
M9SV.DE vs. MCHN.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 MCHN.DE's -1.74% 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*
- —
MCHN.DE
- 1D
- 0.00%
- 1M
- -1.29%
- 6M
- -6.49%
- YTD
- -1.74%
- 1Y
- 9.30%
- 3Y*
- 7.95%
- 5Y*
- -2.87%
- 10Y*
- —
M9SV.DE vs. MCHN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -11.14% | 9.15% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -1.74% | 13.01% | 25.16% | -15.29% | -18.40% | -10.70% |
Correlation
The correlation between M9SV.DE and MCHN.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 | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.47 |
The correlation between M9SV.DE and MCHN.DE has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
M9SV.DE vs. MCHN.DE — Risk / Return Rank
M9SV.DE
MCHN.DE
M9SV.DE vs. MCHN.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 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.
| M9SV.DE | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.83 | -0.66 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.70 | -1.29 |
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Drawdowns
M9SV.DE vs. MCHN.DE - Drawdown Comparison
The maximum M9SV.DE drawdown since its inception was -23.79%, smaller than the maximum MCHN.DE drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for M9SV.DE and MCHN.DE.
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Drawdown Indicators
| M9SV.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -45.79% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -11.21% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -23.24% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | -43.29% | +19.50% |
Current DrawdownCurrent decline from peak | -17.81% | -17.47% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -23.93% | +14.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 5.50% | -2.29% |
Volatility
M9SV.DE vs. MCHN.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 Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a volatility of 5.09%. This indicates that M9SV.DE experiences smaller price fluctuations and is considered to be less risky 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
| M9SV.DE | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 5.09% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 12.36% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 17.53% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 25.05% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 24.65% | -3.16% |
M9SV.DE vs. MCHN.DE - Expense Ratio Comparison
M9SV.DE has a 0.45% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
M9SV.DE vs. MCHN.DE - Dividend Comparison
Neither M9SV.DE nor MCHN.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SV.DE and MCHN.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, 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 0.45% for M9SV.DE.
M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: Market Access and Invesco. Their fees differ too: 0.45% for M9SV.DE and 0.35% for MCHN.DE.
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