MCHN.DE vs. CEBG.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and CEBG.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while CEBG.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.96%/yr vs 13.92%/yr for CEBG.DE. At a 0.28 correlation, their price movements are largely independent. MCHN.DE charges 0.35%/yr vs 0.60%/yr for CEBG.DE.
Performance
MCHN.DE vs. CEBG.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 CEBG.DE's 11.81% 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*
- —
CEBG.DE
- 1D
- -2.29%
- 1M
- -0.50%
- YTD
- 11.81%
- 6M
- 15.24%
- 1Y
- 32.71%
- 3Y*
- 9.54%
- 5Y*
- 13.92%
- 10Y*
- 6.90%
MCHN.DE vs. CEBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -15.29% | -18.40% | -11.12% |
CEBG.DE VanEck New China ESG UCITS ETF A | 11.81% | 38.75% | -22.52% | 33.05% | 5.85% | 27.84% |
Correlation
The correlation between MCHN.DE and CEBG.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.28 |
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Return for Risk
MCHN.DE vs. CEBG.DE — Risk / Return Rank
MCHN.DE
CEBG.DE
MCHN.DE vs. CEBG.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 VanEck New China ESG UCITS ETF A (CEBG.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 | CEBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.78 | -1.66 |
| Martin ratioReturn relative to average drawdown | 2.63 | 11.03 | -8.40 |
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 | CEBG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.63 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.65 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.24 | -0.35 |
Drawdowns
MCHN.DE vs. CEBG.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum CEBG.DE drawdown of -53.49%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and CEBG.DE.
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Drawdown Indicators
| MCHN.DE | CEBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -53.49% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -11.78% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -30.41% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | -30.41% | -15.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.60% | — |
Current DrawdownCurrent decline from peak | -16.30% | -4.44% | -11.86% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -15.04% | -9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 2.98% | +1.83% |
Volatility
MCHN.DE vs. CEBG.DE - Volatility Comparison
The current volatility for Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) is 6.52%, while VanEck New China ESG UCITS ETF A (CEBG.DE) has a volatility of 7.80%. This indicates that MCHN.DE experiences smaller price fluctuations and is considered to be less risky than CEBG.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 | CEBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 7.80% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 16.73% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 20.05% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 21.13% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 24.18% | +0.59% |
MCHN.DE vs. CEBG.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is lower than CEBG.DE's 0.60% expense ratio.
Dividends
MCHN.DE vs. CEBG.DE - Dividend Comparison
Neither MCHN.DE nor CEBG.DE has paid dividends to shareholders.
Frequently Asked Questions
MCHN.DE and CEBG.DE have a correlation of 0.29, 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 0.60% for CEBG.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while CEBG.DE tracks MarketGrader New China ESG. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for MCHN.DE and 0.60% for CEBG.DE.
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