XCS6.DE vs. CNIE.DE
XCS6.DE (Xtrackers MSCI China UCITS ETF 1C) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - XCS6.DE tracks the MSCI China while CNIE.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, XCS6.DE returned 7.21%/yr vs -0.19%/yr for CNIE.DE. A 0.76 correlation means they provide meaningful diversification when combined. XCS6.DE charges 0.65%/yr vs 0.60%/yr for CNIE.DE.
Performance
XCS6.DE vs. CNIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS6.DE achieves a -7.24% return, which is significantly lower than CNIE.DE's -3.41% return.
XCS6.DE
- 1D
- -0.30%
- 1M
- -3.42%
- YTD
- -7.24%
- 6M
- -9.67%
- 1Y
- 2.03%
- 3Y*
- 7.21%
- 5Y*
- -4.64%
- 10Y*
- 4.37%
CNIE.DE
- 1D
- -0.76%
- 1M
- -3.01%
- YTD
- -3.41%
- 6M
- -5.32%
- 1Y
- 6.61%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
XCS6.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCS6.DE Xtrackers MSCI China UCITS ETF 1C | -7.24% | 16.38% | 27.05% | -15.14% | -15.45% | -5.57% |
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -22.84% | 8.74% |
Correlation
The correlation between XCS6.DE and CNIE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.76 |
The correlation between XCS6.DE and CNIE.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
XCS6.DE vs. CNIE.DE — Risk / Return Rank
XCS6.DE
CNIE.DE
XCS6.DE vs. CNIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) and VanEck New China ESG UCITS ETF A (CNIE.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.
| XCS6.DE | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.53 | -0.40 |
| Martin ratioReturn relative to average drawdown | 0.27 | 1.17 | -0.90 |
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
| XCS6.DE | CNIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.42 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.16 | +0.33 |
Drawdowns
XCS6.DE vs. CNIE.DE - Drawdown Comparison
The maximum XCS6.DE drawdown since its inception was -56.31%, which is greater than CNIE.DE's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for XCS6.DE and CNIE.DE.
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Drawdown Indicators
| XCS6.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -45.69% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -12.45% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -29.20% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -49.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.31% | — | — |
Current DrawdownCurrent decline from peak | -33.60% | -25.25% | -8.35% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -24.67% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 5.70% | +2.57% |
Volatility
XCS6.DE vs. CNIE.DE - Volatility Comparison
Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) has a higher volatility of 7.17% compared to VanEck New China ESG UCITS ETF A (CNIE.DE) at 4.49%. This indicates that XCS6.DE's price experiences larger fluctuations and is considered to be riskier than CNIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCS6.DE | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 4.49% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 10.68% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 16.04% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.67% | 24.27% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.33% | 24.27% | +1.06% |
XCS6.DE vs. CNIE.DE - Expense Ratio Comparison
XCS6.DE has a 0.65% expense ratio, which is higher than CNIE.DE's 0.60% expense ratio.
Dividends
XCS6.DE vs. CNIE.DE - Dividend Comparison
Neither XCS6.DE nor CNIE.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS6.DE and CNIE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNIE.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNIE.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for XCS6.DE.
XCS6.DE tracks MSCI China, while CNIE.DE tracks MarketGrader New China ESG. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.65% for XCS6.DE and 0.60% for CNIE.DE.
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