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UTIL.L vs. CNYA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UTIL.L vs. CNYA

Last updated Jun 9, 2026

UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, UTIL.L returned 11.84%/yr vs -0.59%/yr for CNYA. At a 0.09 correlation, their price movements are largely independent. UTIL.L charges 0.18%/yr vs 0.60%/yr for CNYA.

Performance

UTIL.L vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UTIL.L is traded in EUR, while CNYA is traded in USD. To make them comparable, the CNYA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, UTIL.L achieves a 13.65% return, which is significantly higher than CNYA's 6.03% return.

UTIL.L

1D
-0.64%
1M
-0.76%
YTD
13.65%
6M
15.33%
1Y
27.67%
3Y*
16.62%
5Y*
11.84%
10Y*
10.84%

CNYA

1D
-1.10%
1M
-2.14%
YTD
6.03%
6M
7.45%
1Y
28.60%
3Y*
7.37%
5Y*
-0.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UTIL.L vs. CNYA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UTIL.L
SPDR MSCI Europe Utilities UCITS ETF		13.65%33.98%1.33%13.09%-6.77%8.27%11.82%29.32%3.36%9.29%
CNYA
iShares MSCI China A ETF		6.03%11.47%18.10%-16.34%-21.96%11.28%29.87%39.02%-23.11%14.89%

Correlation

The correlation between UTIL.L and CNYA is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2016

0.09

The correlation between UTIL.L and CNYA shifts across timeframes, from 0.01 (3 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.

UTIL.L vs. CNYA - Sectors Allocation Comparison

Sectors
UTIL.L
CNYA

Utilities

95.4%
3.2%

Industrials

4.6%
18.3%

Basic Materials

-

10.6%

Communication Services

-

0.6%

Consumer Cyclical

-

5.7%

Consumer Defensive

-

6.7%

Energy

-

3.2%

Financial Services

-

17.0%

Healthcare

-

3.8%

Real Estate

-

0.7%

Technology

-

30.0%

Utilities

UTIL.L
95.4%
CNYA
3.2%

Industrials

UTIL.L
4.6%
CNYA
18.3%

Basic Materials

UTIL.L

-

CNYA
10.6%

Communication Services

UTIL.L

-

CNYA
0.6%

Consumer Cyclical

UTIL.L

-

CNYA
5.7%

Consumer Defensive

UTIL.L

-

CNYA
6.7%

Energy

UTIL.L

-

CNYA
3.2%

Financial Services

UTIL.L

-

CNYA
17.0%

Healthcare

UTIL.L

-

CNYA
3.8%

Real Estate

UTIL.L

-

CNYA
0.7%

Technology

UTIL.L

-

CNYA
30.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR MSCI Europe Utilities UCITS ETF

iShares MSCI China A ETF

Often compared with UTIL.L:
UTIL.L vs. GLDUTIL.L vs. UTES.TOUTIL.L vs. ESIS.LUTIL.L vs. XLVUTIL.L vs. XLUP.LUTIL.L vs. TDGB.LUTIL.L vs. VFMV
Often compared with CNYA:
CNYA vs. MCHICNYA vs. ASHRCNYA vs. ICHN.ASCNYA vs. KBACNYA vs. FLCHCNYA vs. ICGA.DECNYA vs. GXC

Return for Risk

UTIL.L vs. CNYA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UTIL.L
UTIL.L Risk / Return Rank: 6565
Overall Rank
UTIL.L Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
UTIL.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
UTIL.L Omega Ratio Rank: 6161
Omega Ratio Rank
UTIL.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
UTIL.L Martin Ratio Rank: 6464
Martin Ratio Rank
CNYA
CNYA Risk / Return Rank: 6464
Overall Rank
CNYA Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CNYA Sortino Ratio Rank: 5555
Sortino Ratio Rank
CNYA Omega Ratio Rank: 5656
Omega Ratio Rank
CNYA Calmar Ratio Rank: 8282
Calmar Ratio Rank
CNYA Martin Ratio Rank: 6969
Martin Ratio Rank
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.

UTIL.L vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) 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.

UTIL.LCNYADifference
Sharpe ratioReturn per unit of total volatility
1.85
1.68

+0.17

Sortino ratioReturn per unit of downside risk
2.42
2.36

+0.06

Omega ratioGain probability vs. loss probability

1.33

1.30

+0.03

Calmar ratioReturn relative to maximum drawdown

3.77

4.26

-0.49

Martin ratioReturn relative to average drawdown

10.51

11.02

-0.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTIL.L vs. CNYA - Sharpe Ratio Comparison

The current UTIL.L Sharpe Ratio is 1.85, which is comparable to the CNYA Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of UTIL.L and CNYA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UTIL.LCNYADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

1.68

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

-0.03

+0.76

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.25

+0.26

Drawdowns

UTIL.L vs. CNYA - Drawdown Comparison

The maximum UTIL.L drawdown since its inception was -34.59%, smaller than the maximum CNYA drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for UTIL.L and CNYA.

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Drawdown Indicators

UTIL.LCNYADifference

Max Drawdown

Largest peak-to-trough decline

-34.59%

-43.64%

+9.05%

Max Drawdown (1Y)

Largest decline over 1 year

-7.30%

-6.74%

-0.56%

Max Drawdown (3Y)

Largest decline over 3 years

-13.48%

-32.98%

+19.50%

Max Drawdown (5Y)

Largest decline over 5 years

-22.12%

-42.08%

+19.96%

Max Drawdown (10Y)

Largest decline over 10 years

-34.59%

—

—

Current Drawdown

Current decline from peak

-4.57%

-13.91%

+9.34%

Average Drawdown

Average peak-to-trough decline

-6.01%

-16.18%

+10.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.60%

+0.03%

Volatility

UTIL.L vs. CNYA - Volatility Comparison

The current volatility for SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) is 5.68%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.21%. This indicates that UTIL.L experiences smaller price fluctuations and is considered to be less risky 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

UTIL.LCNYADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.68%

6.21%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

12.96%

11.96%

+1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

14.89%

17.12%

-2.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.24%

22.97%

-6.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.67%

23.27%

-5.60%

UTIL.L vs. CNYA - Expense Ratio Comparison

UTIL.L has a 0.18% expense ratio, which is lower than CNYA's 0.60% expense ratio.

Dividends

UTIL.L vs. CNYA - Dividend Comparison

UTIL.L has not paid dividends to shareholders, while CNYA's dividend yield for the trailing twelve months is around 1.84%.

PositionTTM2025202420232022202120202019201820172016
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%
UTIL.L
SPDR MSCI Europe Utilities UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UTIL.L and CNYA have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.60% for CNYA.

UTIL.L is categorized as Utilities Equities, while CNYA is China Equities. UTIL.L tracks MSCI World/Utilities NR USD, while CNYA tracks MSCI China A Inclusion Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for UTIL.L and 0.60% for CNYA.

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