MCHN.DE vs. DBX9.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and DBX9.DE (Xtrackers FTSE China 50 UCITS ETF 1C) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while DBX9.DE tracks the FTSE China 50. Both are passively managed. Over the past 5 years, MCHN.DE returned -3.50%/yr vs 0.61%/yr for DBX9.DE. Their correlation of 0.90 suggests significant overlap in exposure. MCHN.DE charges 0.35%/yr vs 0.60%/yr for DBX9.DE.
Performance
MCHN.DE vs. DBX9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MCHN.DE achieves a -1.61% return, which is significantly lower than DBX9.DE's 15.56% return.
MCHN.DE
- 1D
- 0.00%
- 1M
- -1.49%
- YTD
- -1.61%
- 6M
- -0.97%
- 1Y
- 10.70%
- 3Y*
- 8.35%
- 5Y*
- -3.50%
- 10Y*
- —
DBX9.DE
- 1D
- 1.58%
- 1M
- 4.42%
- YTD
- 15.56%
- 6M
- 17.29%
- 1Y
- 39.69%
- 3Y*
- 15.94%
- 5Y*
- 0.61%
- 10Y*
- 4.72%
MCHN.DE vs. DBX9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -1.61% | 13.01% | 25.16% | -15.29% | -18.40% | -10.70% |
DBX9.DE Xtrackers FTSE China 50 UCITS ETF 1C | 15.56% | 10.03% | 37.71% | -16.44% | -13.64% | -20.43% |
Correlation
The correlation between MCHN.DE and DBX9.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.90 |
The correlation between MCHN.DE and DBX9.DE shifts across timeframes, from 0.79 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MCHN.DE vs. DBX9.DE — Risk / Return Rank
MCHN.DE
DBX9.DE
MCHN.DE vs. DBX9.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 Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.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 | DBX9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 5.97 | -5.01 |
| Martin ratioReturn relative to average drawdown | 2.11 | 15.49 | -13.38 |
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Drawdowns
MCHN.DE vs. DBX9.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum DBX9.DE drawdown of -66.51%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and DBX9.DE.
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Drawdown Indicators
| MCHN.DE | DBX9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -66.51% | +20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -6.62% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -27.85% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | -47.60% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.99% | — |
Current DrawdownCurrent decline from peak | -17.36% | -10.16% | -7.20% |
Average DrawdownAverage peak-to-trough decline | -24.00% | -29.44% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 2.55% | +2.55% |
Volatility
MCHN.DE vs. DBX9.DE - Volatility Comparison
The current volatility for Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) is 5.48%, while Xtrackers FTSE China 50 UCITS ETF 1C (DBX9.DE) has a volatility of 5.99%. This indicates that MCHN.DE experiences smaller price fluctuations and is considered to be less risky than DBX9.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 | DBX9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 5.99% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 11.34% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 16.50% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.09% | 27.23% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.71% | 24.52% | +0.19% |
MCHN.DE vs. DBX9.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is lower than DBX9.DE's 0.60% expense ratio.
Dividends
MCHN.DE vs. DBX9.DE - Dividend Comparison
Neither MCHN.DE nor DBX9.DE has paid dividends to shareholders.
Frequently Asked Questions
MCHN.DE and DBX9.DE have a correlation of 0.79, 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 DBX9.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while DBX9.DE tracks FTSE China 50. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.35% for MCHN.DE and 0.60% for DBX9.DE.
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