MCHN.L vs. C500.L
MCHN.L (Invesco MSCI China All Shares Connect UCITS ETF) and C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both China Equities funds from Invesco - MCHN.L tracks the Invesco MSCI China All Shares Connect UCITS ETF while C500.L tracks the S&P China A MidCap 500 Index. Both are passively managed. Over the past 3 years, MCHN.L returned 8.96%/yr vs 3.42%/yr for C500.L. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
MCHN.L vs. C500.L - Performance Comparison
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Returns By Period
MCHN.L
- 1D
- -1.16%
- 1M
- -2.71%
- 6M
- -8.31%
- YTD
- -4.19%
- 1Y
- 7.58%
- 3Y*
- 8.96%
- 5Y*
- -3.50%
- 10Y*
- —
C500.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 3.42%
- 5Y*
- —
- 10Y*
- —
MCHN.L vs. C500.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% |
C500.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc | 0.00% | 6.99% | 12.50% | -9.06% | 11.25% |
Correlation
The correlation between MCHN.L and C500.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.66 |
The correlation between MCHN.L and C500.L has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
MCHN.L vs. C500.L — Risk / Return Rank
MCHN.L
C500.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MCHN.L vs. C500.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 MidCap 500 Swap UCITS ETF Acc (C500.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 | C500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | — | — |
| Martin ratioReturn relative to average drawdown | 1.19 | — | — |
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Drawdowns
MCHN.L vs. C500.L - Drawdown Comparison
The maximum MCHN.L drawdown since its inception was -52.51%, which is greater than C500.L's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for MCHN.L and C500.L.
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Drawdown Indicators
| MCHN.L | C500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -35.90% | -16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | 0.00% | -12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -27.05% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | — | — |
Current DrawdownCurrent decline from peak | -23.67% | -11.28% | -12.39% |
Average DrawdownAverage peak-to-trough decline | -31.33% | -14.01% | -17.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 0.00% | +6.20% |
Volatility
MCHN.L vs. C500.L - Volatility Comparison
Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) has a higher volatility of 6.18% compared to Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) at 0.00%. This indicates that MCHN.L's price experiences larger fluctuations and is considered to be riskier than C500.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 | C500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 0.00% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 0.00% | +14.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 0.00% | +18.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 23.51% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 23.51% | +2.20% |
MCHN.L vs. C500.L - Expense Ratio Comparison
Both MCHN.L and C500.L have an expense ratio of 0.35%.
Dividends
MCHN.L vs. C500.L - Dividend Comparison
Neither MCHN.L nor C500.L has paid dividends to shareholders.
Frequently Asked Questions
MCHN.L and C500.L have a correlation of 0.66, 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 C500.L have the same expense ratio: 0.35% per year.
MCHN.L tracks Invesco MSCI China All Shares Connect UCITS ETF, while C500.L tracks S&P China A MidCap 500 Index.
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