MCHN.L vs. C300.L
MCHN.L (Invesco MSCI China All Shares Connect UCITS ETF) and C300.L (Invesco S&P China A 300 Swap UCITS ETF Acc) are both China Equities funds from Invesco - MCHN.L tracks the Invesco MSCI China All Shares Connect UCITS ETF while C300.L tracks the S&P China A 300 Index. Both are passively managed. Over the past 3 years, MCHN.L returned 8.96%/yr vs 15.49%/yr for C300.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
MCHN.L vs. C300.L - Performance Comparison
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Returns By Period
In the year-to-date period, MCHN.L achieves a -4.19% return, which is significantly lower than C300.L's 12.15% return.
MCHN.L
- 1D
- -1.16%
- 1M
- -2.71%
- 6M
- -8.31%
- YTD
- -4.19%
- 1Y
- 7.58%
- 3Y*
- 8.96%
- 5Y*
- -3.50%
- 10Y*
- —
C300.L
- 1D
- 0.00%
- 1M
- -1.79%
- 6M
- 9.28%
- YTD
- 12.15%
- 1Y
- 38.21%
- 3Y*
- 15.49%
- 5Y*
- —
- 10Y*
- —
MCHN.L vs. C300.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MCHN.L Invesco MSCI China All Shares Connect UCITS ETF | -4.19% | 28.12% | 16.91% | -12.79% | 0.88% |
C300.L Invesco S&P China A 300 Swap UCITS ETF Acc | 12.15% | 33.78% | 14.79% | -11.81% | 1.72% |
Correlation
The correlation between MCHN.L and C300.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.84 |
The correlation between MCHN.L and C300.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
MCHN.L vs. C300.L — Risk / Return Rank
MCHN.L
C300.L
MCHN.L vs. C300.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L). 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.L | C300.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.34 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 5.02 | -4.43 |
| Martin ratioReturn relative to average drawdown | 1.19 | 14.57 | -13.38 |
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Drawdowns
MCHN.L vs. C300.L - Drawdown Comparison
The maximum MCHN.L drawdown since its inception was -52.51%, which is greater than C300.L's maximum drawdown of -31.77%. Use the drawdown chart below to compare losses from any high point for MCHN.L and C300.L.
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Drawdown Indicators
| MCHN.L | C300.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -31.77% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -7.64% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -28.06% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | — | — |
Current DrawdownCurrent decline from peak | -23.67% | -4.93% | -18.74% |
Average DrawdownAverage peak-to-trough decline | -31.33% | -13.81% | -17.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 2.63% | +3.57% |
Volatility
MCHN.L vs. C300.L - Volatility Comparison
The current volatility for Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) is 6.18%, while Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L) has a volatility of 9.15%. This indicates that MCHN.L experiences smaller price fluctuations and is considered to be less risky than C300.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHN.L | C300.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 9.15% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 15.26% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 19.76% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 22.34% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 22.34% | +3.37% |
MCHN.L vs. C300.L - Expense Ratio Comparison
Both MCHN.L and C300.L have an expense ratio of 0.35%.
Dividends
MCHN.L vs. C300.L - Dividend Comparison
Neither MCHN.L nor C300.L has paid dividends to shareholders.
Frequently Asked Questions
MCHN.L and C300.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.L and C300.L have the same expense ratio: 0.35% per year.
MCHN.L tracks Invesco MSCI China All Shares Connect UCITS ETF, while C300.L tracks S&P China A 300 Index.
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