XCHA.DE vs. MCHN.DE
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - XCHA.DE tracks the MSCI China A Onshore NR CNY while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 5 years, XCHA.DE returned 3.01%/yr vs -2.96%/yr for MCHN.DE. Their correlation of 0.84 suggests significant overlap in exposure. XCHA.DE charges 0.50%/yr vs 0.35%/yr for MCHN.DE.
Performance
XCHA.DE vs. MCHN.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 MCHN.DE's -0.35% 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%
MCHN.DE
- 1D
- -0.22%
- 1M
- -1.36%
- YTD
- -0.35%
- 6M
- -1.47%
- 1Y
- 12.33%
- 3Y*
- 7.98%
- 5Y*
- -2.96%
- 10Y*
- —
XCHA.DE vs. MCHN.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% | 10.49% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -15.29% | -18.40% | -11.12% |
Correlation
The correlation between XCHA.DE and MCHN.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.84 |
The correlation between XCHA.DE and MCHN.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
XCHA.DE vs. MCHN.DE — Risk / Return Rank
XCHA.DE
MCHN.DE
XCHA.DE vs. MCHN.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 Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.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 | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.14 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.13 | +1.26 |
| Martin ratioReturn relative to average drawdown | 4.62 | 2.63 | +1.99 |
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 | MCHN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.75 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.12 | +0.24 |
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 | -0.11 | +0.42 |
Drawdowns
XCHA.DE vs. MCHN.DE - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, which is greater than MCHN.DE's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and MCHN.DE.
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Drawdown Indicators
| XCHA.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -45.79% | -6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -11.21% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -23.24% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -45.54% | +8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -16.30% | +14.49% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -24.07% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 4.81% | +3.67% |
Volatility
XCHA.DE vs. MCHN.DE - Volatility Comparison
The current volatility for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) is 5.10%, while Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) has a volatility of 6.52%. This indicates that XCHA.DE experiences smaller price fluctuations and is considered to be less risky than MCHN.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 | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 6.52% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 11.75% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 16.86% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 25.04% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 24.77% | -1.57% |
XCHA.DE vs. MCHN.DE - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is higher than MCHN.DE's 0.35% expense ratio.
Dividends
XCHA.DE vs. MCHN.DE - Dividend Comparison
Neither XCHA.DE nor MCHN.DE has paid dividends to shareholders.
Frequently Asked Questions
XCHA.DE and MCHN.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCHN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCHN.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for XCHA.DE.
XCHA.DE tracks MSCI China A Onshore NR CNY, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.50% for XCHA.DE and 0.35% for MCHN.DE.
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