MCHN.DE vs. FWIA.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - MCHN.DE is a China Equities fund tracking the MSCI China All Shares Stock Connect Select, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, MCHN.DE returned 12.33% vs 26.39% for FWIA.DE. At a 0.38 correlation, their price movements are largely independent. MCHN.DE charges 0.35%/yr vs 0.15%/yr for FWIA.DE.
Performance
MCHN.DE vs. FWIA.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 FWIA.DE's 12.60% 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*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCHN.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -8.50% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between MCHN.DE and FWIA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.38 |
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Return for Risk
MCHN.DE vs. FWIA.DE — Risk / Return Rank
MCHN.DE
FWIA.DE
MCHN.DE vs. FWIA.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 FTSE All-World UCITS ETF Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.44 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 4.08 | -2.95 |
| Martin ratioReturn relative to average drawdown | 2.63 | 16.52 | -13.89 |
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 | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.36 | -1.61 |
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 | 1.40 | -1.51 |
Drawdowns
MCHN.DE vs. FWIA.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and FWIA.DE.
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Drawdown Indicators
| MCHN.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -20.96% | -24.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -6.49% | -4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | — | — |
Current DrawdownCurrent decline from peak | -16.30% | -0.62% | -15.68% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -2.44% | -21.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 1.60% | +3.21% |
Volatility
MCHN.DE vs. FWIA.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 FTSE All-World UCITS ETF Acc (FWIA.DE) at 2.96%. This indicates that MCHN.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 2.96% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 8.09% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 11.22% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 13.18% | +11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 13.18% | +11.59% |
MCHN.DE vs. FWIA.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
MCHN.DE vs. FWIA.DE - Dividend Comparison
Neither MCHN.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
MCHN.DE and FWIA.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for MCHN.DE.
MCHN.DE is categorized as China Equities, while FWIA.DE is Global Equities. MCHN.DE tracks MSCI China All Shares Stock Connect Select, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.35% for MCHN.DE and 0.15% for FWIA.DE.
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