MCHN.DE vs. FLXC.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and FLXC.DE (Franklin FTSE China UCITS ETF) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while FLXC.DE tracks the FTSE China 30/18 Capped. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.96%/yr vs -3.95%/yr for FLXC.DE. With a 0.96 correlation, they move nearly in lockstep. MCHN.DE charges 0.35%/yr vs 0.19%/yr for FLXC.DE.
Performance
MCHN.DE vs. FLXC.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 higher than FLXC.DE's -5.94% 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*
- —
FLXC.DE
- 1D
- -0.40%
- 1M
- -3.82%
- YTD
- -5.94%
- 6M
- -8.20%
- 1Y
- 4.53%
- 3Y*
- 7.94%
- 5Y*
- -3.95%
- 10Y*
- —
MCHN.DE vs. FLXC.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% |
FLXC.DE Franklin FTSE China UCITS ETF | -5.94% | 17.34% | 27.28% | -15.77% | -15.90% | -19.93% |
Correlation
The correlation between MCHN.DE and FLXC.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.96 |
The correlation between MCHN.DE and FLXC.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
MCHN.DE vs. FLXC.DE — Risk / Return Rank
MCHN.DE
FLXC.DE
MCHN.DE vs. FLXC.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 Franklin FTSE China UCITS ETF (FLXC.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 | FLXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.31 | +0.81 |
| Martin ratioReturn relative to average drawdown | 2.63 | 0.64 | +1.98 |
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 | FLXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.27 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.15 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.09 | -0.20 |
Drawdowns
MCHN.DE vs. FLXC.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum FLXC.DE drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and FLXC.DE.
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Drawdown Indicators
| MCHN.DE | FLXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -55.61% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -15.19% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -24.70% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | -49.07% | +3.53% |
Current DrawdownCurrent decline from peak | -16.30% | -30.89% | +14.59% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -27.95% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 7.38% | -2.57% |
Volatility
MCHN.DE vs. FLXC.DE - Volatility Comparison
Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) and Franklin FTSE China UCITS ETF (FLXC.DE) have volatilities of 6.52% and 6.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHN.DE | FLXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.78% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 12.35% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 17.78% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 26.71% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 26.20% | -1.43% |
MCHN.DE vs. FLXC.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is higher than FLXC.DE's 0.19% expense ratio.
Dividends
MCHN.DE vs. FLXC.DE - Dividend Comparison
Neither MCHN.DE nor FLXC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, MCHN.DE and FLXC.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, FLXC.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXC.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for MCHN.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while FLXC.DE tracks FTSE China 30/18 Capped. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.35% for MCHN.DE and 0.19% for FLXC.DE.
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