MCHT.L vs. ECOG.L

Last updated Jun 5, 2026

MCHT.L (Invesco MSCI China Technology All Shares Stock Connect UCITS ETF) and ECOG.L (Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Invesco and Legal & General respectively. Both are passively managed. Over the past 3 years, MCHT.L returned 13.22%/yr vs 8.85%/yr for ECOG.L. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

MCHT.L vs. ECOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI China Technology All Shares Stock Connect UCITS ETF (MCHT.L) and Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MCHT.L is traded in USD, while ECOG.L is traded in GBp. To make them comparable, the ECOG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MCHT.L achieves a 2.81% return, which is significantly higher than ECOG.L's -0.02% return.

MCHT.L

• 1D: -0.68%
• 1M: 2.16%
• YTD: 2.81%
• 6M: 1.74%
• 1Y: 18.14%
• 3Y*: 13.22%
• 5Y*: —
• 10Y*: —

ECOG.L

• 1D: 1.33%
• 1M: 4.36%
• YTD: -0.02%
• 6M: 2.03%
• 1Y: 6.58%
• 3Y*: 8.85%
• 5Y*: 1.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCHT.L vs. ECOG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MCHT.L Invesco MSCI China Technology All Shares Stock Connect UCITS ETF	2.81%	31.75%	21.18%	-18.06%	-31.36%	-19.40%
ECOG.L Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF	-0.02%	11.35%	2.83%	21.15%	-21.58%	-2.10%

Correlation

The correlation between MCHT.L and ECOG.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.32

MCHT.L vs. ECOG.L - Sectors Allocation Comparison

Sectors	MCHT.L	ECOG.L
Technology	30.3%	16.9%
Consumer Cyclical	24.0%	31.1%
Communication Services	15.7%	-
Industrials	14.3%	37.8%
Basic Materials	6.6%	-
Utilities	4.3%	-
Healthcare	2.4%	-
Financial Services	1.6%	2.2%
Real Estate	0.8%	7.7%
Consumer Defensive	0.2%	4.2%
Energy	-	-

Return for Risk

MCHT.L vs. ECOG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCHT.L

MCHT.L Risk / Return Rank: 22
MCHT.L Sharpe Ratio Rank: 23
MCHT.L Sortino Ratio Rank: 24
MCHT.L Omega Ratio Rank: 22
MCHT.L Calmar Ratio Rank: 21
MCHT.L Martin Ratio Rank: 18

ECOG.L

ECOG.L Risk / Return Rank: 17
ECOG.L Sharpe Ratio Rank: 18
ECOG.L Sortino Ratio Rank: 17
ECOG.L Omega Ratio Rank: 17
ECOG.L Calmar Ratio Rank: 17
ECOG.L Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCHT.L vs. ECOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI China Technology All Shares Stock Connect UCITS ETF (MCHT.L) and Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.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.

	MCHT.L	ECOG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.76	0.42	+0.35
Sortino ratio: Return per unit of downside risk	1.27	0.69	+0.57
Omega ratio: Gain probability vs. loss probability	1.14	1.08	+0.06
Calmar ratio: Return relative to maximum drawdown	0.88	0.46	+0.42
Martin ratio: Return relative to average drawdown	1.79	1.29	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCHT.L vs. ECOG.L - Sharpe Ratio Comparison

The current MCHT.L Sharpe Ratio is 0.76, which is higher than the ECOG.L Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of MCHT.L and ECOG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MCHT.L	ECOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.42	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.40	-0.61

Drawdowns

MCHT.L vs. ECOG.L - Drawdown Comparison

The maximum MCHT.L drawdown since its inception was -62.63%, which is greater than ECOG.L's maximum drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for MCHT.L and ECOG.L.

Drawdown Indicators

	MCHT.L	ECOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.63%	-40.18%	-22.45%
Max Drawdown (1Y) Largest decline over 1 year	-20.55%	-14.15%	-6.40%
Max Drawdown (3Y) Largest decline over 3 years	-33.84%	-21.43%	-12.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.18%	—
Current Drawdown Current decline from peak	-28.53%	-3.67%	-24.86%
Average Drawdown Average peak-to-trough decline	-39.11%	-11.48%	-27.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.08%	5.09%	+4.99%

Volatility

MCHT.L vs. ECOG.L - Volatility Comparison

Invesco MSCI China Technology All Shares Stock Connect UCITS ETF (MCHT.L) has a higher volatility of 9.51% compared to Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.L) at 4.25%. This indicates that MCHT.L's price experiences larger fluctuations and is considered to be riskier than ECOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCHT.L	ECOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	4.25%	+5.26%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	11.49%	+5.15%
Volatility (1Y) Calculated over the trailing 1-year period	23.69%	15.70%	+7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.35%	18.95%	+24.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.35%	18.92%	+24.43%

MCHT.L vs. ECOG.L - Expense Ratio Comparison

Both MCHT.L and ECOG.L have an expense ratio of 0.49%.

Dividends

MCHT.L vs. ECOG.L - Dividend Comparison

Neither MCHT.L nor ECOG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MCHT.L and ECOG.L in my portfolio?

MCHT.L and ECOG.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MCHT.L or ECOG.L?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCHT.L or ECOG.L?

MCHT.L and ECOG.L have the same expense ratio: 0.49% per year.

What is the main difference between MCHT.L and ECOG.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and Legal & General.