XCHA.DE vs. CNIE.DE
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - XCHA.DE tracks the MSCI China A Onshore NR CNY while CNIE.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, XCHA.DE returned 12.45%/yr vs -0.19%/yr for CNIE.DE. Their correlation of 0.84 suggests significant overlap in exposure. XCHA.DE charges 0.50%/yr vs 0.60%/yr for CNIE.DE.
Performance
XCHA.DE vs. CNIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCHA.DE achieves a 12.47% return, which is significantly higher than CNIE.DE's -3.41% return.
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
XCHA.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 8.27% |
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -22.84% | 8.74% |
Correlation
The correlation between XCHA.DE and CNIE.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 (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.84 |
The correlation between XCHA.DE and CNIE.DE has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
XCHA.DE vs. CNIE.DE — Risk / Return Rank
XCHA.DE
CNIE.DE
XCHA.DE vs. CNIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) and VanEck New China ESG UCITS ETF A (CNIE.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.
| XCHA.DE | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.08 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.53 | +1.85 |
| Martin ratioReturn relative to average drawdown | 4.62 | 1.17 | +3.45 |
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
| XCHA.DE | CNIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.42 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.16 | +0.47 |
Drawdowns
XCHA.DE vs. CNIE.DE - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, which is greater than CNIE.DE's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and CNIE.DE.
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Drawdown Indicators
| XCHA.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -45.69% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -12.45% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -29.20% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -25.25% | +23.44% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -24.67% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 5.70% | +2.78% |
Volatility
XCHA.DE vs. CNIE.DE - Volatility Comparison
Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) has a higher volatility of 5.10% compared to VanEck New China ESG UCITS ETF A (CNIE.DE) at 4.49%. This indicates that XCHA.DE's price experiences larger fluctuations and is considered to be riskier than CNIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCHA.DE | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 4.49% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 10.68% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 16.04% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 24.27% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 24.27% | -1.07% |
XCHA.DE vs. CNIE.DE - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is lower than CNIE.DE's 0.60% expense ratio.
Dividends
XCHA.DE vs. CNIE.DE - Dividend Comparison
Neither XCHA.DE nor CNIE.DE has paid dividends to shareholders.
Frequently Asked Questions
XCHA.DE and CNIE.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, XCHA.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHA.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for CNIE.DE.
XCHA.DE tracks MSCI China A Onshore NR CNY, while CNIE.DE tracks MarketGrader New China ESG. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.50% for XCHA.DE and 0.60% for CNIE.DE.
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