XCHA.DE vs. MSCI

Last updated Jun 5, 2026

XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) is China Equities fund tracking the MSCI China A Onshore NR CNY, while MSCI (MSCI Inc.) is a stock. Over the past 10 years, XCHA.DE returned 9.08%/yr vs 24.20%/yr for MSCI. At a 0.21 correlation, their price movements are largely independent.

Performance

XCHA.DE vs. MSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) and MSCI Inc. (MSCI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCHA.DE is traded in EUR, while MSCI is traded in USD. To make them comparable, the MSCI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCHA.DE achieves a 12.47% return, which is significantly higher than MSCI's 9.92% return. Over the past 10 years, XCHA.DE has underperformed MSCI with an annualized return of 9.08%, while MSCI has yielded a comparatively higher 24.20% annualized return.

XCHA.DE

• 1D: -0.47%
• 1M: 3.17%
• YTD: 12.47%
• 6M: 15.67%
• 1Y: 39.28%
• 3Y*: 12.45%
• 5Y*: 3.01%
• 10Y*: 9.08%

MSCI

• 1D: 0.72%
• 1M: 7.64%
• YTD: 9.92%
• 6M: 15.60%
• 1Y: 8.83%
• 3Y*: 7.20%
• 5Y*: 7.99%
• 10Y*: 24.20%

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

XCHA.DE vs. MSCI - 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%
MSCI MSCI Inc.	9.92%	-14.66%	14.39%	19.22%	-18.58%	48.47%	60.01%	81.20%	23.49%	42.64%

Correlation

The correlation between XCHA.DE and MSCI is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 30, 2012	0.21

The correlation between XCHA.DE and MSCI shifts across timeframes, from 0.06 (3 years) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XCHA.DE vs. MSCI — Risk / Return Rank

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

XCHA.DE

XCHA.DE Risk / Return Rank: 48
XCHA.DE Sharpe Ratio Rank: 43
XCHA.DE Sortino Ratio Rank: 46
XCHA.DE Omega Ratio Rank: 71
XCHA.DE Calmar Ratio Rank: 49
XCHA.DE Martin Ratio Rank: 32

MSCI

MSCI Risk / Return Rank: 53
MSCI Sharpe Ratio Rank: 55
MSCI Sortino Ratio Rank: 48
MSCI Omega Ratio Rank: 49
MSCI Calmar Ratio Rank: 55
MSCI Martin Ratio Rank: 57

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.

XCHA.DE vs. MSCI - 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 MSCI Inc. (MSCI). 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	MSCI	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.30	+1.18
Sortino ratio: Return per unit of downside risk	2.26	0.62	+1.64
Omega ratio: Gain probability vs. loss probability	1.41	1.08	+0.33
Calmar ratio: Return relative to maximum drawdown	2.38	0.48	+1.90
Martin ratio: Return relative to average drawdown	4.62	1.36	+3.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCHA.DE vs. MSCI - Sharpe Ratio Comparison

The current XCHA.DE Sharpe Ratio is 1.48, which is higher than the MSCI Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of XCHA.DE and MSCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XCHA.DE	MSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.30	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.27	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.78	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.60	-0.29

Drawdowns

XCHA.DE vs. MSCI - Drawdown Comparison

The maximum XCHA.DE drawdown since its inception was -52.27%, smaller than the maximum MSCI drawdown of -63.74%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and MSCI.

Drawdown Indicators

	XCHA.DE	MSCI	Difference
Max Drawdown Largest peak-to-trough decline	-52.27%	-63.74%	+11.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.43%	-18.63%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-26.32%	-28.14%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	-39.69%	+2.62%
Max Drawdown (10Y) Largest decline over 10 years	-38.55%	-39.69%	+1.14%
Current Drawdown Current decline from peak	-1.81%	-10.52%	+8.71%
Average Drawdown Average peak-to-trough decline	-22.73%	-12.67%	-10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.48%	6.53%	+1.95%

Volatility

XCHA.DE vs. MSCI - Volatility Comparison

The current volatility for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) is 5.10%, while MSCI Inc. (MSCI) has a volatility of 7.50%. This indicates that XCHA.DE experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCHA.DE	MSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	7.50%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	21.51%	-11.14%
Volatility (1Y) Calculated over the trailing 1-year period	26.51%	29.62%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.27%	30.22%	-6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	31.26%	-8.06%

Dividends

XCHA.DE vs. MSCI - Dividend Comparison

XCHA.DE has not paid dividends to shareholders, while MSCI's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSCI MSCI Inc.	1.24%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%
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

Can I hold both XCHA.DE and MSCI in my portfolio?

XCHA.DE and MSCI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.