XCS7.DE vs. MCHN.DE
XCS7.DE (Xtrackers MSCI China UCITS ETF 1D) and MCHN.DE (Invesco MSCI China All Shares Stock Connect UCITS ETF Acc) are both China Equities funds - XCS7.DE tracks the MSCI China while MCHN.DE tracks the MSCI China All Shares Stock Connect Select. Both are passively managed. Over the past 3 years, XCS7.DE returned 7.69%/yr vs 7.98%/yr for MCHN.DE. With a 0.96 correlation, they move nearly in lockstep. XCS7.DE charges 0.28%/yr vs 0.35%/yr for MCHN.DE.
Performance
XCS7.DE vs. MCHN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS7.DE achieves a -6.89% return, which is significantly lower than MCHN.DE's -0.35% return.
XCS7.DE
- 1D
- -0.23%
- 1M
- -1.94%
- YTD
- -6.89%
- 6M
- -8.38%
- 1Y
- 2.79%
- 3Y*
- 7.69%
- 5Y*
- —
- 10Y*
- —
MCHN.DE
- 1D
- -0.22%
- 1M
- -0.57%
- YTD
- -0.35%
- 6M
- -0.41%
- 1Y
- 12.66%
- 3Y*
- 7.98%
- 5Y*
- -2.96%
- 10Y*
- —
XCS7.DE vs. MCHN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCS7.DE Xtrackers MSCI China UCITS ETF 1D | -6.89% | 16.53% | 27.49% | -14.73% | 4.09% |
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | -0.35% | 13.01% | 25.16% | -15.29% | 2.64% |
Correlation
The correlation between XCS7.DE and MCHN.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.96 |
The correlation between XCS7.DE and MCHN.DE has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
XCS7.DE vs. MCHN.DE — Risk / Return Rank
XCS7.DE
MCHN.DE
XCS7.DE vs. MCHN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1D (XCS7.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.
| XCS7.DE | MCHN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.13 | -0.96 |
| Martin ratioReturn relative to average drawdown | 0.34 | 2.63 | -2.29 |
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
| XCS7.DE | MCHN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.75 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.11 | +0.31 |
Drawdowns
XCS7.DE vs. MCHN.DE - Drawdown Comparison
The maximum XCS7.DE drawdown since its inception was -36.62%, smaller than the maximum MCHN.DE drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for XCS7.DE and MCHN.DE.
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Drawdown Indicators
| XCS7.DE | MCHN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -45.79% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -11.21% | -5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.53% | -23.24% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.54% | — |
Current DrawdownCurrent decline from peak | -14.97% | -16.30% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -15.59% | -24.07% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 4.81% | +3.37% |
Volatility
XCS7.DE vs. MCHN.DE - Volatility Comparison
Xtrackers MSCI China UCITS ETF 1D (XCS7.DE) has a higher volatility of 7.33% compared to Invesco MSCI China All Shares Stock Connect UCITS ETF Acc (MCHN.DE) at 6.52%. This indicates that XCS7.DE's price experiences larger fluctuations and is considered to be riskier 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
| XCS7.DE | MCHN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 6.52% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 11.75% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 16.86% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.65% | 25.04% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 24.77% | +0.88% |
XCS7.DE vs. MCHN.DE - Expense Ratio Comparison
XCS7.DE has a 0.28% expense ratio, which is lower than MCHN.DE's 0.35% expense ratio.
Dividends
XCS7.DE vs. MCHN.DE - Dividend Comparison
XCS7.DE's dividend yield for the trailing twelve months is around 2.11%, while MCHN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MCHN.DE Invesco MSCI China All Shares Stock Connect UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
XCS7.DE Xtrackers MSCI China UCITS ETF 1D | 2.11% | 2.35% | 2.05% | 3.49% |
Frequently Asked Questions
With a correlation of 0.96, XCS7.DE and MCHN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XCS7.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCS7.DE is cheaper with a 0.28% expense ratio, compared with 0.35% for MCHN.DE.
XCS7.DE tracks MSCI China, while MCHN.DE tracks MSCI China All Shares Stock Connect Select. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.28% for XCS7.DE and 0.35% for MCHN.DE.
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