QARP vs. CN

Last updated Jun 4, 2026

QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) and CN (Xtrackers MSCI All China Equity ETF) are both exchange-traded funds - QARP is a Large Cap Growth Equities fund tracking the Russell 1000 2Qual/Val 5% Capped Factor Index, while CN is a China Equities fund tracking the MSCI China All Shares. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. QARP charges 0.19%/yr vs 0.50%/yr for CN.

Performance

QARP vs. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QARP

• 1D: -0.05%
• 1M: 2.39%
• YTD: 10.34%
• 6M: 10.57%
• 1Y: 25.02%
• 3Y*: 18.54%
• 5Y*: 12.06%
• 10Y*: —

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QARP vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	10.34%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-24.11%

Correlation

The correlation between QARP and CN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.43

The correlation between QARP and CN shifts across timeframes, from 0.20 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.

QARP vs. CN - Sectors Allocation Comparison

Sectors	QARP	CN
Technology	21.9%	0.3%
Communication Services	14.7%	0.4%
Consumer Cyclical	13.2%	5.4%
Healthcare	11.3%	0.8%
Consumer Defensive	10.5%	0.3%
Financial Services	9.9%	55.1%
Industrials	9.0%	1.0%
Energy	6.5%	0.9%
Basic Materials	2.1%	0.6%
Real Estate	0.6%	0.8%
Utilities	0.3%	0.2%

Return for Risk

QARP vs. CN — Risk / Return Rank

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

QARP

QARP Risk / Return Rank: 75
QARP Sharpe Ratio Rank: 74
QARP Sortino Ratio Rank: 77
QARP Omega Ratio Rank: 72
QARP Calmar Ratio Rank: 70
QARP Martin Ratio Rank: 80

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.

QARP vs. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) and Xtrackers MSCI All China Equity ETF (CN). 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.

	QARP	CN	Difference
Sharpe ratio: Return per unit of total volatility	2.43	—	—
Sortino ratio: Return per unit of downside risk	3.46	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	15.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QARP	CN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	—	—

Drawdowns

Drawdown Indicators

	QARP	CN	Difference
Max Drawdown Largest peak-to-trough decline	-35.44%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	—	—
Current Drawdown Current decline from peak	-0.98%	—	—
Average Drawdown Average peak-to-trough decline	-4.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	—	—

Volatility

Volatility by Period

	QARP	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	—	—

QARP vs. CN - Expense Ratio Comparison

QARP has a 0.19% expense ratio, which is lower than CN's 0.50% expense ratio.

Dividends

QARP vs. CN - Dividend Comparison

QARP's dividend yield for the trailing twelve months is around 1.03%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.03%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QARP and CN in my portfolio?

QARP and CN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QARP or CN?

On fees, QARP is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QARP or CN?

QARP is cheaper with a 0.19% expense ratio, compared with 0.50% for CN.

Which ETF pays a higher dividend yield, QARP or CN?

QARP has the higher dividend yield at 1.03%, compared with 0.00% for CN.

What is the main difference between QARP and CN?

QARP is categorized as Large Cap Growth Equities, while CN is China Equities. QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index, while CN tracks MSCI China All Shares. Their fees differ too: 0.19% for QARP and 0.50% for CN.