XCH.TO vs. 3993.HK

Last updated Apr 2, 2026

Compare and contrast key facts about iShares China Index ETF (XCH.TO) and CMOC Group Ltd (3993.HK).

XCH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar China GR CAD. It was launched on Jan 21, 2010.

Performance

XCH.TO vs. 3993.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares China Index ETF (XCH.TO) and CMOC Group Ltd (3993.HK). The values are adjusted to include any dividend payments, if applicable.

XCH.TO vs. 3993.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XCH.TO iShares China Index ETF	-6.01%	22.48%	39.50%	-14.76%	-15.40%	-20.56%	7.17%	8.11%	-6.28%	27.28%
3993.HK CMOC Group Ltd	-8.77%	262.94%	37.47%	18.65%	-4.58%	-19.24%	52.60%	16.52%	-36.58%	150.96%

Different Trading Currencies

XCH.TO is traded in CAD, while 3993.HK is traded in HKD. To make them comparable, the 3993.HK values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCH.TO achieves a -6.01% return, which is significantly higher than 3993.HK's -8.77% return. Over the past 10 years, XCH.TO has underperformed 3993.HK with an annualized return of 3.32%, while 3993.HK has yielded a comparatively higher 33.91% annualized return.

XCH.TO

• 1D: -0.97%
• 1M: -2.09%
• YTD: -6.01%
• 6M: -13.56%
• 1Y: -1.54%
• 3Y*: 9.50%
• 5Y*: -1.80%
• 10Y*: 3.32%

3993.HK

• 1D: 8.29%
• 1M: -28.55%
• YTD: -8.77%
• 6M: 10.29%
• 1Y: 170.59%
• 3Y*: 60.34%
• 5Y*: 34.50%
• 10Y*: 33.91%

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

Return for Risk

XCH.TO vs. 3993.HK — Risk / Return Rank

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

XCH.TO

XCH.TO Risk / Return Rank: 10
XCH.TO Sharpe Ratio Rank: 10
XCH.TO Sortino Ratio Rank: 10
XCH.TO Omega Ratio Rank: 10
XCH.TO Calmar Ratio Rank: 10
XCH.TO Martin Ratio Rank: 9

3993.HK

3993.HK Risk / Return Rank: 94
3993.HK Sharpe Ratio Rank: 97
3993.HK Sortino Ratio Rank: 92
3993.HK Omega Ratio Rank: 93
3993.HK Calmar Ratio Rank: 93
3993.HK Martin Ratio Rank: 95

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.

XCH.TO vs. 3993.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Index ETF (XCH.TO) and CMOC Group Ltd (3993.HK). 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.

	XCH.TO	3993.HK	Difference
Sharpe ratio Return per unit of total volatility	-0.07	3.07	-3.14
Sortino ratio Return per unit of downside risk	0.07	3.10	-3.03
Omega ratio Gain probability vs. loss probability	1.01	1.43	-0.42
Calmar ratio Return relative to maximum drawdown	-0.13	4.60	-4.72
Martin ratio Return relative to average drawdown	-0.33	15.03	-15.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCH.TO vs. 3993.HK - Sharpe Ratio Comparison

The current XCH.TO Sharpe Ratio is -0.07, which is lower than the 3993.HK Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of XCH.TO and 3993.HK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XCH.TO	3993.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	3.07	-3.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.71	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.69	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.42	-0.29

Correlation

The correlation between XCH.TO and 3993.HK is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XCH.TO vs. 3993.HK - Dividend Comparison

XCH.TO's dividend yield for the trailing twelve months is around 2.25%, more than 3993.HK's 1.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XCH.TO iShares China Index ETF	2.25%	2.11%	1.54%	2.86%	2.35%	1.50%	2.17%	2.50%	2.45%	2.41%	2.21%	2.58%
3993.HK CMOC Group Ltd	1.59%	1.44%	3.23%	2.20%	2.33%	0.97%	0.93%	3.74%	3.25%	0.79%	1.55%	5.25%

Drawdowns

XCH.TO vs. 3993.HK - Drawdown Comparison

The maximum XCH.TO drawdown since its inception was -58.02%, smaller than the maximum 3993.HK drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for XCH.TO and 3993.HK.

Drawdown Indicators

	XCH.TO	3993.HK	Difference
Max Drawdown Largest peak-to-trough decline	-58.02%	-92.33%	+34.31%
Max Drawdown (1Y) Largest decline over 1 year	-17.10%	-35.03%	+17.93%
Max Drawdown (5Y) Largest decline over 5 years	-51.64%	-62.23%	+10.59%
Max Drawdown (10Y) Largest decline over 10 years	-58.02%	-68.37%	+10.35%
Current Drawdown Current decline from peak	-21.53%	-29.58%	+8.05%
Average Drawdown Average peak-to-trough decline	-20.41%	-50.76%	+30.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	10.29%	-3.42%

Volatility

XCH.TO vs. 3993.HK - Volatility Comparison

The current volatility for iShares China Index ETF (XCH.TO) is 6.41%, while CMOC Group Ltd (3993.HK) has a volatility of 17.25%. This indicates that XCH.TO experiences smaller price fluctuations and is considered to be less risky than 3993.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCH.TO	3993.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	17.25%	-10.84%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	41.82%	-27.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.56%	57.72%	-34.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.80%	49.89%	-20.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	50.88%	-25.14%