MCHN.DE vs. 6PSE.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - MCHN.DE is a China Equities fund tracking the MSCI China All Shares Stock Connect Select, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, MCHN.DE returned 7.98%/yr vs 19.18%/yr for 6PSE.DE. At a 0.28 correlation, their price movements are largely independent. MCHN.DE charges 0.35%/yr vs 0.05%/yr for 6PSE.DE.
Performance
MCHN.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MCHN.DE achieves a -0.35% return, which is significantly lower than 6PSE.DE's 11.33% return.
MCHN.DE
- 1D
- -0.22%
- 1M
- -1.36%
- YTD
- -0.35%
- 6M
- -1.47%
- 1Y
- 12.33%
- 3Y*
- 7.98%
- 5Y*
- -2.96%
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
MCHN.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -15.29% | -16.52% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between MCHN.DE and 6PSE.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.28 |
The correlation between MCHN.DE and 6PSE.DE shifts across timeframes, from 0.27 (3 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MCHN.DE vs. 6PSE.DE — Risk / Return Rank
MCHN.DE
6PSE.DE
MCHN.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| MCHN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.44 | -2.31 |
| Martin ratioReturn relative to average drawdown | 2.63 | 11.99 | -9.36 |
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
| MCHN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.15 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.93 | -1.04 |
Drawdowns
MCHN.DE vs. 6PSE.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and 6PSE.DE.
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Drawdown Indicators
| MCHN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -23.70% | -22.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -7.31% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -23.70% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | — | — |
Current DrawdownCurrent decline from peak | -16.30% | -0.41% | -15.89% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -4.83% | -19.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 2.10% | +2.71% |
Volatility
MCHN.DE vs. 6PSE.DE - Volatility Comparison
Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a higher volatility of 6.52% compared to Invesco MSCI USA UCITS ETF Dist (6PSE.DE) at 2.73%. This indicates that MCHN.DE's price experiences larger fluctuations and is considered to be riskier than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 2.73% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 7.68% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 11.65% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 15.41% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 15.41% | +9.36% |
MCHN.DE vs. 6PSE.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio.
Dividends
MCHN.DE vs. 6PSE.DE - Dividend Comparison
MCHN.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MCHN.DE and 6PSE.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.35% for MCHN.DE.
MCHN.DE is categorized as China Equities, while 6PSE.DE is Large Cap Blend Equities. MCHN.DE tracks MSCI China All Shares Stock Connect Select, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.35% for MCHN.DE and 0.05% for 6PSE.DE.
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