MSFT vs. CNYA
MSFT (Microsoft Corporation) is a stock, while CNYA (iShares MSCI China A ETF) is China Equities fund tracking the MSCI China A Inclusion Index. Over the past 10 years, MSFT returned 23.18%/yr vs 5.13%/yr for CNYA. At a 0.25 correlation, their price movements are largely independent.
Performance
MSFT vs. CNYA - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -16.45% return, which is significantly lower than CNYA's 1.02% return. Over the past 10 years, MSFT has outperformed CNYA with an annualized return of 23.18%, while CNYA has yielded a comparatively lower 5.13% annualized return.
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
CNYA
- 1D
- 0.52%
- 1M
- -7.76%
- 6M
- -1.64%
- YTD
- 1.02%
- 1Y
- 19.43%
- 3Y*
- 9.00%
- 5Y*
- -2.34%
- 10Y*
- 5.13%
- ALL TIME*
- 5.56%
MSFT vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
CNYA iShares MSCI China A ETF | 1.02% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 35.95% | -26.56% | 30.99% |
Correlation
The correlation between MSFT and CNYA is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016 | 0.25 |
The correlation between MSFT and CNYA shifts across timeframes, from -0.03 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSFT vs. CNYA — Risk / Return Rank
MSFT
CNYA
MSFT vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and iShares MSCI China A ETF (CNYA). 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.
| MSFT | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.18 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 1.88 | -2.48 |
| Martin ratioReturn relative to average drawdown | -1.10 | 6.20 | -7.30 |
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Drawdowns
MSFT vs. CNYA - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for MSFT and CNYA.
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Drawdown Indicators
| MSFT | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -49.49% | -19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -34.50% | -10.37% | -24.13% |
Max Drawdown (3Y)Largest decline over 3 years | -34.50% | -33.35% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -44.65% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -49.49% | +12.34% |
Current DrawdownCurrent decline from peak | -25.32% | -19.98% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -20.61% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.74% | 3.14% | +15.60% |
Volatility
MSFT vs. CNYA - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 10.25% compared to iShares MSCI China A ETF (CNYA) at 9.22%. This indicates that MSFT's price experiences larger fluctuations and is considered to be riskier than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFT | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.25% | 9.22% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 24.51% | 15.53% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.52% | 19.94% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 24.09% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.15% | 23.63% | +3.52% |
Dividends
MSFT vs. CNYA - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.88%, less than CNYA's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.86% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT and CNYA have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to CNYA (9.22%). In terms of maximum drawdown, MSFT dropped -69.38% vs CNYA's -49.49%.
CNYA currently has the higher Sharpe Ratio (0.98 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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