RQFI.DE vs. MCHN.DE
RQFI.DE (Xtrackers Harvest CSI 300 UCITS ETF 1D) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - RQFI.DE tracks the MSCI China A Onshore NR CNY while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 5 years, RQFI.DE returned -0.26%/yr vs -2.96%/yr for MCHN.DE. Their correlation of 0.83 suggests significant overlap in exposure. RQFI.DE charges 0.65%/yr vs 0.35%/yr for MCHN.DE.
Performance
RQFI.DE vs. MCHN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RQFI.DE achieves a 10.42% return, which is significantly higher than MCHN.DE's -0.35% return.
RQFI.DE
- 1D
- -0.67%
- 1M
- 1.50%
- YTD
- 10.42%
- 6M
- 12.27%
- 1Y
- 34.46%
- 3Y*
- 9.38%
- 5Y*
- -0.26%
- 10Y*
- 5.34%
MCHN.DE
- 1D
- -0.22%
- 1M
- -1.36%
- YTD
- -0.35%
- 6M
- -1.47%
- 1Y
- 12.33%
- 3Y*
- 7.98%
- 5Y*
- -2.96%
- 10Y*
- —
RQFI.DE vs. MCHN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RQFI.DE Xtrackers Harvest CSI 300 UCITS ETF 1D | 10.42% | 11.14% | 22.25% | -16.68% | -21.96% | 5.93% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -15.29% | -18.40% | -11.12% |
Correlation
The correlation between RQFI.DE and MCHN.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.83 |
The correlation between RQFI.DE and MCHN.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
RQFI.DE vs. MCHN.DE — Risk / Return Rank
RQFI.DE
MCHN.DE
RQFI.DE vs. MCHN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.DE) and Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE). 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.
| RQFI.DE | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.14 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.91 | 1.13 | +4.78 |
| Martin ratioReturn relative to average drawdown | 15.55 | 2.63 | +12.93 |
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
| RQFI.DE | MCHN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.75 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.12 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.11 | +0.42 |
Drawdowns
RQFI.DE vs. MCHN.DE - Drawdown Comparison
The maximum RQFI.DE drawdown since its inception was -51.79%, which is greater than MCHN.DE's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for RQFI.DE and MCHN.DE.
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Drawdown Indicators
| RQFI.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.79% | -45.79% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -11.21% | +5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -27.48% | -23.24% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -41.44% | -45.54% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | — | — |
Current DrawdownCurrent decline from peak | -11.80% | -16.30% | +4.50% |
Average DrawdownAverage peak-to-trough decline | -27.06% | -24.07% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 4.81% | -2.60% |
Volatility
RQFI.DE vs. MCHN.DE - Volatility Comparison
The current volatility for Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.DE) is 5.89%, while Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a volatility of 6.52%. This indicates that RQFI.DE experiences smaller price fluctuations and is considered to be less risky than MCHN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RQFI.DE | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.52% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 11.75% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 16.86% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 25.04% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.82% | 24.77% | -2.95% |
RQFI.DE vs. MCHN.DE - Expense Ratio Comparison
RQFI.DE has a 0.65% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
RQFI.DE vs. MCHN.DE - Dividend Comparison
RQFI.DE's dividend yield for the trailing twelve months is around 1.44%, while MCHN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RQFI.DE Xtrackers Harvest CSI 300 UCITS ETF 1D | 1.44% | 1.84% | 1.40% | 1.98% | 1.97% | 0.90% | 1.32% | 0.75% | 2.31% | 2.00% | 1.81% | 0.37% |
Frequently Asked Questions
RQFI.DE and MCHN.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCHN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for RQFI.DE.
RQFI.DE tracks MSCI China A Onshore NR CNY, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.65% for RQFI.DE and 0.35% for MCHN.DE.
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