MCHN.DE vs. 9W1.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and 9W1.DE (BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while 9W1.DE tracks the MSCI China Select SRI S-Series 10% Capped. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.68%/yr vs -5.86%/yr for 9W1.DE. Their correlation of 0.94 suggests significant overlap in exposure. MCHN.DE charges 0.35%/yr vs 0.31%/yr for 9W1.DE.
Performance
MCHN.DE vs. 9W1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MCHN.DE achieves a -0.80% return, which is significantly higher than 9W1.DE's -6.83% return.
MCHN.DE
- 1D
- 0.00%
- 1M
- 0.75%
- 6M
- -6.17%
- YTD
- -0.80%
- 1Y
- 11.13%
- 3Y*
- 8.62%
- 5Y*
- -2.68%
- 10Y*
- —
9W1.DE
- 1D
- 0.00%
- 1M
- 2.53%
- 6M
- -12.35%
- YTD
- -6.83%
- 1Y
- 0.91%
- 3Y*
- 4.72%
- 5Y*
- -5.86%
- 10Y*
- —
MCHN.DE vs. 9W1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.80% | 13.01% | 25.16% | -15.29% | -18.40% | -13.04% |
9W1.DE BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc | -6.83% | 16.44% | 21.98% | -17.19% | -22.95% | -17.08% |
Correlation
The correlation between MCHN.DE and 9W1.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.94 |
The correlation between MCHN.DE and 9W1.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
MCHN.DE vs. 9W1.DE — Risk / Return Rank
MCHN.DE
9W1.DE
MCHN.DE vs. 9W1.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 BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc (9W1.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.
| MCHN.DE | 9W1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.04 | +0.95 |
| Martin ratioReturn relative to average drawdown | 2.03 | 0.09 | +1.94 |
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Drawdowns
MCHN.DE vs. 9W1.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum 9W1.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and 9W1.DE.
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Drawdown Indicators
| MCHN.DE | 9W1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -53.54% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -21.08% | +9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -31.53% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -51.05% | +7.76% |
Current DrawdownCurrent decline from peak | -16.68% | -29.98% | +13.30% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -31.68% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 10.44% | -4.93% |
Volatility
MCHN.DE vs. 9W1.DE - Volatility Comparison
The current volatility for Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) is 5.18%, while BNP Paribas Easy MSCI China Select SRI S-Series 10% Capped UCITS ETF EUR Acc (9W1.DE) has a volatility of 5.48%. This indicates that MCHN.DE experiences smaller price fluctuations and is considered to be less risky than 9W1.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 | 9W1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 5.48% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 13.58% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 19.24% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 28.72% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 28.65% | -4.01% |
MCHN.DE vs. 9W1.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is higher than 9W1.DE's 0.31% expense ratio.
Dividends
MCHN.DE vs. 9W1.DE - Dividend Comparison
Neither MCHN.DE nor 9W1.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, MCHN.DE and 9W1.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, 9W1.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
9W1.DE is cheaper with a 0.31% expense ratio, compared with 0.35% for MCHN.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while 9W1.DE tracks MSCI China Select SRI S-Series 10% Capped. They also come from different issuers: Invesco and BNP Paribas. Their fees differ too: 0.35% for MCHN.DE and 0.31% for 9W1.DE.
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