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 5 years, MSFT returned 11.09%/yr vs -1.67%/yr for CNYA. At a 0.26 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 -14.48% return, which is significantly lower than CNYA's 4.11% return.
MSFT
- 1D
- -1.18%
- 1M
- -0.60%
- YTD
- -14.48%
- 6M
- -15.77%
- 1Y
- -11.77%
- 3Y*
- 8.85%
- 5Y*
- 11.09%
- 10Y*
- 24.64%
CNYA
- 1D
- -0.99%
- 1M
- -4.23%
- YTD
- 4.11%
- 6M
- 6.49%
- 1Y
- 30.18%
- 3Y*
- 9.91%
- 5Y*
- -1.67%
- 10Y*
- —
MSFT vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -14.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
CNYA iShares MSCI China A ETF | 4.11% | 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 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.26 |
Over the past year, the correlation between MSFT and CNYA has dropped to 0.05 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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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.
| MSFT | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.31 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.99 | -4.34 |
| Martin ratioReturn relative to average drawdown | -0.73 | 11.48 | -12.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFT | CNYA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 1.71 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | -0.07 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.25 | +0.49 |
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 | -33.91% | -7.59% | -26.32% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -33.35% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -44.65% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -23.56% | -17.53% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -20.68% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 2.64% | +13.49% |
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 6.87%. 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% | 6.87% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 12.79% | +9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 17.73% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 23.85% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 23.57% | +3.49% |
Dividends
MSFT vs. CNYA - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.86%, less than CNYA's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.84% | 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 | 0.86% | 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 0.05, 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 (6.87%). In terms of maximum drawdown, MSFT dropped -69.38% vs CNYA's -49.49%.
CNYA currently has the higher Sharpe Ratio (1.71 vs -0.47), 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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