MCHN.DE vs. XCHA.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while XCHA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.96%/yr vs 3.01%/yr for XCHA.DE. Their correlation of 0.84 suggests significant overlap in exposure. MCHN.DE charges 0.35%/yr vs 0.50%/yr for XCHA.DE.
Performance
MCHN.DE vs. XCHA.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 XCHA.DE's 12.47% return.
MCHN.DE
- 1D
- -0.22%
- 1M
- -0.57%
- YTD
- -0.35%
- 6M
- -0.41%
- 1Y
- 12.66%
- 3Y*
- 7.98%
- 5Y*
- -2.96%
- 10Y*
- —
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
MCHN.DE vs. XCHA.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% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 10.49% |
Correlation
The correlation between MCHN.DE and XCHA.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.84 |
The correlation between MCHN.DE and XCHA.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
MCHN.DE vs. XCHA.DE — Risk / Return Rank
MCHN.DE
XCHA.DE
MCHN.DE vs. XCHA.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 CSI 300 Swap UCITS ETF 1C (XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.41 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.38 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.63 | 4.62 | -1.99 |
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 | XCHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.48 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.13 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.31 | -0.42 |
Drawdowns
MCHN.DE vs. XCHA.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum XCHA.DE drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and XCHA.DE.
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Drawdown Indicators
| MCHN.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -52.27% | +6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -16.43% | +5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -26.32% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | -37.07% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.55% | — |
Current DrawdownCurrent decline from peak | -16.30% | -1.81% | -14.49% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -22.73% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 8.48% | -3.67% |
Volatility
MCHN.DE vs. XCHA.DE - Volatility Comparison
Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a higher volatility of 6.52% compared to Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) at 5.10%. This indicates that MCHN.DE's price experiences larger fluctuations and is considered to be riskier than XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 5.10% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 10.37% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 26.51% | -9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 23.27% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 23.20% | +1.57% |
MCHN.DE vs. XCHA.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is lower than XCHA.DE's 0.50% expense ratio.
Dividends
MCHN.DE vs. XCHA.DE - Dividend Comparison
Neither MCHN.DE nor XCHA.DE has paid dividends to shareholders.
Frequently Asked Questions
MCHN.DE and XCHA.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 0.50% for XCHA.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.35% for MCHN.DE and 0.50% for XCHA.DE.
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