MCHN.DE vs. M9SV.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.68%/yr vs 4.91%/yr for M9SV.DE. At a 0.46 correlation, their price movements are largely independent. MCHN.DE charges 0.35%/yr vs 0.45%/yr for M9SV.DE.
Performance
MCHN.DE vs. M9SV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MCHN.DE achieves a -0.80% return, which is significantly higher than M9SV.DE's -2.87% return.
MCHN.DE
- 1D
- 0.00%
- 1M
- 0.75%
- 6M
- -6.17%
- YTD
- -0.80%
- 1Y
- 11.13%
- 3Y*
- 8.62%
- 5Y*
- -2.68%
- 10Y*
- —
M9SV.DE
- 1D
- -0.01%
- 1M
- -1.84%
- 6M
- -5.02%
- YTD
- -2.87%
- 1Y
- 3.05%
- 3Y*
- 7.54%
- 5Y*
- 4.91%
- 10Y*
- —
MCHN.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.80% | 13.01% | 25.16% | -15.29% | -18.40% | -10.70% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -2.87% | -5.32% | 37.47% | 2.90% | -11.14% | 9.15% |
Correlation
The correlation between MCHN.DE and M9SV.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.46 |
The correlation between MCHN.DE and M9SV.DE has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
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Return for Risk
MCHN.DE vs. M9SV.DE — Risk / Return Rank
MCHN.DE
M9SV.DE
MCHN.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.05 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.42 | +0.58 |
| Martin ratioReturn relative to average drawdown | 2.03 | 0.95 | +1.07 |
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Drawdowns
MCHN.DE vs. M9SV.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and M9SV.DE.
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Drawdown Indicators
| MCHN.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -23.79% | -22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -7.28% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -23.79% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -23.79% | -19.50% |
Current DrawdownCurrent decline from peak | -16.68% | -16.41% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -9.52% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 3.20% | +2.31% |
Volatility
MCHN.DE vs. M9SV.DE - Volatility Comparison
Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a higher volatility of 5.18% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.37%. This indicates that MCHN.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 3.37% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 7.32% | +5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 11.07% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 20.42% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 21.48% | +3.16% |
MCHN.DE vs. M9SV.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is lower than M9SV.DE's 0.45% expense ratio.
Dividends
MCHN.DE vs. M9SV.DE - Dividend Comparison
Neither MCHN.DE nor M9SV.DE has paid dividends to shareholders.
Frequently Asked Questions
MCHN.DE and M9SV.DE have a correlation of 0.50, 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 0.45% for M9SV.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: Invesco and Market Access. Their fees differ too: 0.35% for MCHN.DE and 0.45% for M9SV.DE.
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