MCHN.DE vs. IQQC.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and IQQC.DE (iShares China Large Cap UCITS ETF) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while IQQC.DE tracks the FTSE China 50. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.88%/yr vs -2.27%/yr for IQQC.DE. Their correlation of 0.92 suggests significant overlap in exposure. MCHN.DE charges 0.35%/yr vs 0.74%/yr for IQQC.DE.
Performance
MCHN.DE vs. IQQC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MCHN.DE achieves a -1.78% return, which is significantly higher than IQQC.DE's -8.83% return.
MCHN.DE
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- -5.58%
- YTD
- -1.78%
- 1Y
- 8.32%
- 3Y*
- 8.77%
- 5Y*
- -2.88%
- 10Y*
- —
IQQC.DE
- 1D
- -1.74%
- 1M
- 0.65%
- 6M
- -11.14%
- YTD
- -8.83%
- 1Y
- -6.08%
- 3Y*
- 9.34%
- 5Y*
- -2.27%
- 10Y*
- 1.75%
MCHN.DE vs. IQQC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -1.78% | 13.01% | 25.16% | -15.29% | -18.40% | -10.70% |
IQQC.DE iShares China Large Cap UCITS ETF | -8.83% | 14.32% | 39.12% | -16.33% | -13.36% | -20.57% |
Correlation
The correlation between MCHN.DE and IQQC.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.92 |
The correlation between MCHN.DE and IQQC.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
MCHN.DE vs. IQQC.DE — Risk / Return Rank
MCHN.DE
IQQC.DE
MCHN.DE vs. IQQC.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 iShares China Large Cap UCITS ETF (IQQC.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 | IQQC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.96 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.29 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.51 | -0.65 | +2.16 |
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Drawdowns
MCHN.DE vs. IQQC.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum IQQC.DE drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and IQQC.DE.
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Drawdown Indicators
| MCHN.DE | IQQC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -66.98% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -20.97% | +9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -27.71% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -44.20% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.92% | — |
Current DrawdownCurrent decline from peak | -17.50% | -25.52% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -28.80% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 9.29% | -3.75% |
Volatility
MCHN.DE vs. IQQC.DE - Volatility Comparison
The current volatility for Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) is 5.28%, while iShares China Large Cap UCITS ETF (IQQC.DE) has a volatility of 6.60%. This indicates that MCHN.DE experiences smaller price fluctuations and is considered to be less risky than IQQC.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 | IQQC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 6.60% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 13.26% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 18.16% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 28.22% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 25.05% | -0.41% |
MCHN.DE vs. IQQC.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is lower than IQQC.DE's 0.74% expense ratio.
Dividends
MCHN.DE vs. IQQC.DE - Dividend Comparison
MCHN.DE has not paid dividends to shareholders, while IQQC.DE's dividend yield for the trailing twelve months is around 1.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQC.DE iShares China Large Cap UCITS ETF | 1.81% | 1.78% | 2.26% | 2.52% | 2.51% | 1.85% | 2.51% | 2.45% | 3.03% | 2.38% | 2.33% | 2.63% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MCHN.DE and IQQC.DE have a correlation of 0.86, 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 0.74% for IQQC.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while IQQC.DE tracks FTSE China 50. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for MCHN.DE and 0.74% for IQQC.DE.
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