MCHN.L vs. IGDA.L
MCHN.L (Invesco MSCI China All Shares Connect UCITS ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - MCHN.L is a China Equities fund tracking the Invesco MSCI China All Shares Connect UCITS ETF, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, MCHN.L returned 8.96%/yr vs 18.23%/yr for IGDA.L. At a 0.43 correlation, their price movements are largely independent. MCHN.L charges 0.35%/yr vs 0.40%/yr for IGDA.L.
Performance
MCHN.L vs. IGDA.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 IGDA.L's 12.26% 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*
- —
IGDA.L
- 1D
- -0.23%
- 1M
- -1.78%
- 6M
- 10.83%
- YTD
- 12.26%
- 1Y
- 25.93%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
MCHN.L vs. IGDA.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% | -21.73% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 12.26% | 18.76% | 17.94% | 29.70% | -20.97% |
Correlation
The correlation between MCHN.L and IGDA.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.43 |
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Return for Risk
MCHN.L vs. IGDA.L — Risk / Return Rank
MCHN.L
IGDA.L
MCHN.L vs. IGDA.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 Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.66 | -2.07 |
| Martin ratioReturn relative to average drawdown | 1.19 | 10.04 | -8.85 |
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Drawdowns
MCHN.L vs. IGDA.L - Drawdown Comparison
The maximum MCHN.L drawdown since its inception was -52.51%, which is greater than IGDA.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for MCHN.L and IGDA.L.
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Drawdown Indicators
| MCHN.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -27.14% | -25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -9.69% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -20.14% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | — | — |
Current DrawdownCurrent decline from peak | -23.67% | -3.55% | -20.12% |
Average DrawdownAverage peak-to-trough decline | -31.33% | -6.96% | -24.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 2.58% | +3.62% |
Volatility
MCHN.L vs. IGDA.L - Volatility Comparison
Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) has a higher volatility of 6.18% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 4.17%. This indicates that MCHN.L's price experiences larger fluctuations and is considered to be riskier than IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 4.17% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 11.86% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 14.79% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 17.67% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 17.67% | +8.04% |
MCHN.L vs. IGDA.L - Expense Ratio Comparison
MCHN.L has a 0.35% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Dividends
MCHN.L vs. IGDA.L - Dividend Comparison
Neither MCHN.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
MCHN.L and IGDA.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCHN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.L is cheaper with a 0.35% expense ratio, compared with 0.40% for IGDA.L.
MCHN.L is categorized as China Equities, while IGDA.L is Global Equities. MCHN.L tracks Invesco MSCI China All Shares Connect UCITS ETF, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.35% for MCHN.L and 0.40% for IGDA.L.
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