XCHA.L vs. LDAG.L

Last updated Jul 16, 2026

XCHA.L (Xtrackers CSI 300 Swap UCITS ETF 1C) and LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) are both exchange-traded funds - XCHA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while LDAG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 5 years, XCHA.L returned 2.69%/yr vs 9.55%/yr for LDAG.L. At a 0.48 correlation, their price movements are largely independent. XCHA.L charges 0.50%/yr vs 0.40%/yr for LDAG.L.

Performance

XCHA.L vs. LDAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCHA.L is traded in USD, while LDAG.L is traded in GBp. To make them comparable, the LDAG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCHA.L achieves a 9.79% return, which is significantly lower than LDAG.L's 16.21% return.

XCHA.L

• 1D: -0.23%
• 1M: -1.60%
• 6M: 7.00%
• YTD: 9.79%
• 1Y: 33.96%
• 3Y*: 14.18%
• 5Y*: 2.69%
• 10Y*: 8.65%

LDAG.L

• 1D: -0.25%
• 1M: -2.18%
• 6M: 14.77%
• YTD: 16.21%
• 1Y: 23.54%
• 3Y*: 19.59%
• 5Y*: 9.55%
• 10Y*: —

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

XCHA.L vs. LDAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XCHA.L Xtrackers CSI 300 Swap UCITS ETF 1C	9.79%	30.11%	16.00%	-11.00%	-24.25%	6.61%
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	16.21%	35.95%	3.74%	8.72%	-9.15%	-27.04%

Correlation

The correlation between XCHA.L and LDAG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021	0.48

The correlation between XCHA.L and LDAG.L shifts across timeframes, from 0.36 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.

XCHA.L vs. LDAG.L - Sectors Allocation Comparison

Sectors	XCHA.L	LDAG.L
Technology	31.6%	8.2%
Financial Services	18.8%	33.5%
Industrials	16.0%	12.4%
Basic Materials	9.1%	5.7%
Consumer Defensive	6.6%	7.0%
Consumer Cyclical	6.2%	11.2%
Healthcare	4.3%	3.0%
Utilities	2.9%	11.3%
Energy	2.7%	3.6%
Communication Services	1.5%	4.1%
Real Estate	0.4%	0.3%

Return for Risk

XCHA.L vs. LDAG.L — Risk / Return Rank

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

XCHA.L

XCHA.L Risk / Return Rank: 76
XCHA.L Sharpe Ratio Rank: 68
XCHA.L Sortino Ratio Rank: 68
XCHA.L Omega Ratio Rank: 66
XCHA.L Calmar Ratio Rank: 92
XCHA.L Martin Ratio Rank: 84

LDAG.L

LDAG.L Risk / Return Rank: 53
LDAG.L Sharpe Ratio Rank: 57
LDAG.L Sortino Ratio Rank: 55
LDAG.L Omega Ratio Rank: 52
LDAG.L Calmar Ratio Rank: 56
LDAG.L Martin Ratio Rank: 44

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.L vs. LDAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L). 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.L	LDAG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.49	+0.30
Sortino ratio: Return per unit of downside risk	2.51	2.11	+0.40
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	4.82	2.15	+2.66
Martin ratio: Return relative to average drawdown	13.29	5.89	+7.41

XCHA.L vs. LDAG.L - Sharpe Ratio Comparison

The current XCHA.L Sharpe Ratio is 1.80, which is comparable to the LDAG.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XCHA.L and LDAG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XCHA.L vs. LDAG.L - Drawdown Comparison

The maximum XCHA.L drawdown since its inception was -50.90%, which is greater than LDAG.L's maximum drawdown of -45.42%. Use the drawdown chart below to compare losses from any high point for XCHA.L and LDAG.L.

Drawdown Indicators

	XCHA.L	LDAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.90%	-45.42%	-5.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-10.88%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	-26.85%	-19.98%	-6.87%
Max Drawdown (5Y) Largest decline over 5 years	-39.75%	-26.41%	-13.34%
Max Drawdown (10Y) Largest decline over 10 years	-44.89%	—	—
Current Drawdown Current decline from peak	-4.94%	-2.90%	-2.04%
Average Drawdown Average peak-to-trough decline	-24.00%	-24.07%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.99%	-1.44%

Volatility

XCHA.L vs. LDAG.L - Volatility Comparison

Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) has a higher volatility of 8.65% compared to L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) at 4.42%. This indicates that XCHA.L's price experiences larger fluctuations and is considered to be riskier than LDAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCHA.L	LDAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	4.42%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	12.95%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	15.69%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.62%	21.38%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.77%	23.90%	-1.13%

XCHA.L vs. LDAG.L - Expense Ratio Comparison

XCHA.L has a 0.50% expense ratio, which is higher than LDAG.L's 0.40% expense ratio.

Dividends

XCHA.L vs. LDAG.L - Dividend Comparison

XCHA.L has not paid dividends to shareholders, while LDAG.L's dividend yield for the trailing twelve months is around 3.90%.

Position	TTM	2025	2024	2023	2022	2021
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.90%	4.23%	4.75%	5.40%	4.80%	2.19%
XCHA.L Xtrackers CSI 300 Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XCHA.L and LDAG.L in my portfolio?

XCHA.L and LDAG.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCHA.L or LDAG.L?

On fees, LDAG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCHA.L or LDAG.L?

LDAG.L is cheaper with a 0.40% expense ratio, compared with 0.50% for XCHA.L.

What is the main difference between XCHA.L and LDAG.L?

XCHA.L is categorized as China Equities, while LDAG.L is Asia Pacific Equities. XCHA.L tracks MSCI China A Onshore NR CNY, while LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.50% for XCHA.L and 0.40% for LDAG.L.