XCHA.DE vs. IS3M.DE
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - XCHA.DE is a China Equities fund tracking the MSCI China A Onshore NR CNY, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 10 years, XCHA.DE returned 9.08%/yr vs 1.01%/yr for IS3M.DE. At a correlation of -0.00, they often move in opposite directions. XCHA.DE charges 0.50%/yr vs 0.09%/yr for IS3M.DE.
Performance
XCHA.DE vs. IS3M.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 IS3M.DE's 0.92% return. Over the past 10 years, XCHA.DE has outperformed IS3M.DE with an annualized return of 9.08%, while IS3M.DE has yielded a comparatively lower 1.01% annualized 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%
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.92%
- 6M
- 1.05%
- 1Y
- 2.27%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
XCHA.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.09% |
Correlation
The correlation between XCHA.DE and IS3M.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2013 | -0.00 |
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Return for Risk
XCHA.DE vs. IS3M.DE — Risk / Return Rank
XCHA.DE
IS3M.DE
XCHA.DE vs. IS3M.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 iShares € Ultrashort Bond UCITS ETF (IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.64 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 7.59 | -5.21 |
| Martin ratioReturn relative to average drawdown | 4.62 | 49.96 | -45.34 |
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 | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.95 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 2.74 | -2.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.91 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.86 | -0.55 |
Drawdowns
XCHA.DE vs. IS3M.DE - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and IS3M.DE.
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Drawdown Indicators
| XCHA.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -3.80% | -48.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -0.30% | -16.13% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -0.47% | -25.85% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -1.21% | -35.86% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -3.80% | -34.75% |
Current DrawdownCurrent decline from peak | -1.81% | -0.01% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -0.29% | -22.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 0.05% | +8.43% |
Volatility
XCHA.DE vs. IS3M.DE - Volatility Comparison
Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) has a higher volatility of 5.10% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that XCHA.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 0.29% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 0.59% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 0.76% | +25.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 0.76% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 1.11% | +22.09% |
XCHA.DE vs. IS3M.DE - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is higher than IS3M.DE's 0.09% expense ratio.
Dividends
XCHA.DE vs. IS3M.DE - Dividend Comparison
XCHA.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 0.00% | 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
XCHA.DE and IS3M.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for XCHA.DE.
XCHA.DE is categorized as China Equities, while IS3M.DE is Ultrashort Bond. XCHA.DE tracks MSCI China A Onshore NR CNY, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XCHA.DE and 0.09% for IS3M.DE.
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