MCHN.DE vs. XCS6.DE
MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) and XCS6.DE (Xtrackers MSCI China UCITS ETF 1C) are both China Equities funds - MCHN.DE tracks the MSCI China All Shares Stock Connect Select while XCS6.DE tracks the MSCI China. Both are passively managed. Over the past 5 years, MCHN.DE returned -2.68%/yr vs -4.29%/yr for XCS6.DE. With a 0.96 correlation, they move nearly in lockstep. MCHN.DE charges 0.35%/yr vs 0.65%/yr for XCS6.DE.
Performance
MCHN.DE vs. XCS6.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 XCS6.DE's -7.60% 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*
- —
XCS6.DE
- 1D
- -0.13%
- 1M
- 2.25%
- 6M
- -12.81%
- YTD
- -7.60%
- 1Y
- 0.82%
- 3Y*
- 7.59%
- 5Y*
- -4.29%
- 10Y*
- 3.67%
MCHN.DE vs. XCS6.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% |
XCS6.DE Xtrackers MSCI China UCITS ETF 1C | -7.60% | 16.41% | 27.02% | -15.14% | -15.45% | -22.32% |
Correlation
The correlation between MCHN.DE and XCS6.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.96 |
The correlation between MCHN.DE and XCS6.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
MCHN.DE vs. XCS6.DE — Risk / Return Rank
MCHN.DE
XCS6.DE
MCHN.DE vs. XCS6.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 MSCI China UCITS ETF 1C (XCS6.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 | XCS6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.04 | +0.96 |
| Martin ratioReturn relative to average drawdown | 2.03 | 0.08 | +1.95 |
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Drawdowns
MCHN.DE vs. XCS6.DE - Drawdown Comparison
The maximum MCHN.DE drawdown since its inception was -45.79%, smaller than the maximum XCS6.DE drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for MCHN.DE and XCS6.DE.
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Drawdown Indicators
| MCHN.DE | XCS6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -56.31% | +10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -21.55% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -24.75% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -46.98% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.31% | — |
Current DrawdownCurrent decline from peak | -16.68% | -33.85% | +17.17% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -21.29% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 10.42% | -4.91% |
Volatility
MCHN.DE vs. XCS6.DE - Volatility Comparison
The current volatility for Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) is 5.18%, while Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) has a volatility of 5.57%. This indicates that MCHN.DE experiences smaller price fluctuations and is considered to be less risky than XCS6.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 | XCS6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 5.57% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 13.44% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 18.92% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 27.63% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 25.28% | -0.64% |
MCHN.DE vs. XCS6.DE - Expense Ratio Comparison
MCHN.DE has a 0.35% expense ratio, which is lower than XCS6.DE's 0.65% expense ratio.
Dividends
MCHN.DE vs. XCS6.DE - Dividend Comparison
Neither MCHN.DE nor XCS6.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, MCHN.DE and XCS6.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, 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 0.65% for XCS6.DE.
MCHN.DE tracks MSCI China All Shares Stock Connect Select, while XCS6.DE tracks MSCI China. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.35% for MCHN.DE and 0.65% for XCS6.DE.
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