XCHA.DE vs. M9SV.DE
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - XCHA.DE tracks the MSCI China A Onshore NR CNY while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 5 years, XCHA.DE returned 3.31%/yr vs 4.55%/yr for M9SV.DE. A 0.62 correlation means they provide meaningful diversification when combined. XCHA.DE charges 0.50%/yr vs 0.45%/yr for M9SV.DE.
Performance
XCHA.DE vs. M9SV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCHA.DE achieves a 12.37% return, which is significantly higher than M9SV.DE's -4.50% return.
XCHA.DE
- 1D
- -0.27%
- 1M
- -0.32%
- 6M
- 8.98%
- YTD
- 12.37%
- 1Y
- 35.81%
- 3Y*
- 13.43%
- 5Y*
- 3.31%
- 10Y*
- 8.22%
M9SV.DE
- 1D
- -1.69%
- 1M
- -4.54%
- 6M
- -6.05%
- YTD
- -4.50%
- 1Y
- 0.43%
- 3Y*
- 6.93%
- 5Y*
- 4.55%
- 10Y*
- —
XCHA.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.37% | 14.66% | 24.36% | -14.24% | -19.19% | 13.31% | 31.26% | 44.91% | -21.87% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -11.14% | 18.00% | 14.68% | 7.74% | -16.71% |
Correlation
The correlation between XCHA.DE and M9SV.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2018 | 0.62 |
The correlation between XCHA.DE and M9SV.DE shifts across timeframes, from 0.52 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCHA.DE vs. M9SV.DE — Risk / Return Rank
XCHA.DE
M9SV.DE
XCHA.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCHA.DE | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.03 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.39 | 0.18 | +5.22 |
| Martin ratioReturn relative to average drawdown | 13.95 | 0.41 | +13.54 |
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Drawdowns
XCHA.DE vs. M9SV.DE - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and M9SV.DE.
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Drawdown Indicators
| XCHA.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -23.79% | -28.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -7.48% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -23.79% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -23.79% | -13.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.54% | — | — |
Current DrawdownCurrent decline from peak | -5.10% | -17.81% | +12.71% |
Average DrawdownAverage peak-to-trough decline | -24.36% | -9.52% | -14.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.21% | -0.65% |
Volatility
XCHA.DE vs. M9SV.DE - Volatility Comparison
Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) has a higher volatility of 8.41% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.73%. This indicates that XCHA.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 3.73% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 7.51% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.64% | 11.20% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 20.43% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 21.49% | +0.75% |
XCHA.DE vs. M9SV.DE - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is higher than M9SV.DE's 0.45% expense ratio.
Dividends
XCHA.DE vs. M9SV.DE - Dividend Comparison
Neither XCHA.DE nor M9SV.DE has paid dividends to shareholders.
Frequently Asked Questions
XCHA.DE and M9SV.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M9SV.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M9SV.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for XCHA.DE.
XCHA.DE tracks MSCI China A Onshore NR CNY, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: Xtrackers and Market Access. Their fees differ too: 0.50% for XCHA.DE and 0.45% for M9SV.DE.
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