XCX4.L vs. RQFI.L

Last updated Jul 16, 2026

XCX4.L (Xtrackers MSCI Thailand UCITS ETF 1C) and RQFI.L (Xtrackers Harvest CSI 300 UCITS ETF 1D) are both exchange-traded funds - XCX4.L is a Asia Pacific Equities fund tracking the MSCI Thailand NR THB, while RQFI.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, XCX4.L returned 3.94%/yr vs 4.84%/yr for RQFI.L. At a 0.35 correlation, their price movements are largely independent. XCX4.L charges 0.50%/yr vs 0.65%/yr for RQFI.L.

Performance

XCX4.L vs. RQFI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Thailand UCITS ETF 1C (XCX4.L) and Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCX4.L achieves a 25.38% return, which is significantly higher than RQFI.L's 6.78% return. Over the past 10 years, XCX4.L has underperformed RQFI.L with an annualized return of 3.94%, while RQFI.L has yielded a comparatively higher 4.84% annualized return.

XCX4.L

• 1D: -1.72%
• 1M: -3.84%
• 6M: 25.87%
• YTD: 25.38%
• 1Y: 44.82%
• 3Y*: 7.96%
• 5Y*: 5.78%
• 10Y*: 3.94%

RQFI.L

• 1D: -0.61%
• 1M: -2.49%
• 6M: 4.42%
• YTD: 6.78%
• 1Y: 27.80%
• 3Y*: 9.85%
• 5Y*: -0.10%
• 10Y*: 4.84%

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

XCX4.L vs. RQFI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XCX4.L Xtrackers MSCI Thailand UCITS ETF 1C	25.38%	0.32%	1.51%	-16.15%	15.60%	0.13%	-13.81%	3.68%	0.70%	21.77%
RQFI.L Xtrackers Harvest CSI 300 UCITS ETF 1D	6.78%	18.47%	15.24%	-18.06%	-18.37%	-0.46%	33.54%	29.73%	-23.62%	20.69%

Correlation

The correlation between XCX4.L and RQFI.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 8, 2014	0.35

The correlation between XCX4.L and RQFI.L shifts across timeframes, from 0.27 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

XCX4.L vs. RQFI.L - Sectors Allocation Comparison

Sectors	XCX4.L	RQFI.L
Industrials	36.9%	16.6%
Energy	13.6%	2.8%
Communication Services	12.4%	0.8%
Financial Services	10.0%	20.4%
Consumer Defensive	7.9%	7.4%
Healthcare	7.5%	4.9%
Utilities	6.8%	3.0%
Basic Materials	4.2%	10.7%
Real Estate	3.2%	0.5%
Consumer Cyclical	1.7%	6.7%
Technology	-	26.3%

Return for Risk

XCX4.L vs. RQFI.L — Risk / Return Rank

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

XCX4.L

XCX4.L Risk / Return Rank: 80
XCX4.L Sharpe Ratio Rank: 82
XCX4.L Sortino Ratio Rank: 80
XCX4.L Omega Ratio Rank: 74
XCX4.L Calmar Ratio Rank: 87
XCX4.L Martin Ratio Rank: 79

RQFI.L

RQFI.L Risk / Return Rank: 66
RQFI.L Sharpe Ratio Rank: 61
RQFI.L Sortino Ratio Rank: 58
RQFI.L Omega Ratio Rank: 58
RQFI.L Calmar Ratio Rank: 80
RQFI.L Martin Ratio Rank: 72

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.

XCX4.L vs. RQFI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Thailand UCITS ETF 1C (XCX4.L) and Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.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.

	XCX4.L	RQFI.L	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.65	+0.46
Sortino ratio: Return per unit of downside risk	2.86	2.26	+0.60
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.06
Calmar ratio: Return relative to maximum drawdown	3.93	3.40	+0.53
Martin ratio: Return relative to average drawdown	11.87	10.50	+1.38

XCX4.L vs. RQFI.L - Sharpe Ratio Comparison

The current XCX4.L Sharpe Ratio is 2.11, which is comparable to the RQFI.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of XCX4.L and RQFI.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

XCX4.L vs. RQFI.L - Drawdown Comparison

The maximum XCX4.L drawdown since its inception was -98.74%, which is greater than RQFI.L's maximum drawdown of -47.55%. Use the drawdown chart below to compare losses from any high point for XCX4.L and RQFI.L.

Drawdown Indicators

	XCX4.L	RQFI.L	Difference
Max Drawdown Largest peak-to-trough decline	-98.74%	-47.55%	-51.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-8.13%	-3.22%
Max Drawdown (3Y) Largest decline over 3 years	-28.34%	-25.09%	-3.25%
Max Drawdown (5Y) Largest decline over 5 years	-36.52%	-41.72%	+5.20%
Max Drawdown (10Y) Largest decline over 10 years	-98.74%	-46.36%	-52.38%
Current Drawdown Current decline from peak	-6.84%	-14.24%	+7.40%
Average Drawdown Average peak-to-trough decline	-16.24%	-24.67%	+8.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	2.64%	+1.12%

Volatility

XCX4.L vs. RQFI.L - Volatility Comparison

Xtrackers MSCI Thailand UCITS ETF 1C (XCX4.L) and Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.L) have volatilities of 7.60% and 7.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCX4.L	RQFI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	7.94%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	17.18%	12.27%	+4.91%
Volatility (1Y) Calculated over the trailing 1-year period	21.21%	16.79%	+4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	20.87%	-3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,419.84%	21.72%	+2,398.12%

XCX4.L vs. RQFI.L - Expense Ratio Comparison

XCX4.L has a 0.50% expense ratio, which is lower than RQFI.L's 0.65% expense ratio.

Dividends

XCX4.L vs. RQFI.L - Dividend Comparison

XCX4.L has not paid dividends to shareholders, while RQFI.L's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RQFI.L Xtrackers Harvest CSI 300 UCITS ETF 1D	1.48%	1.77%	1.46%	1.99%	1.88%	0.93%	1.26%	0.76%	2.23%	1.92%	1.69%	0.37%
XCX4.L Xtrackers MSCI Thailand 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 XCX4.L and RQFI.L in my portfolio?

XCX4.L and RQFI.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCX4.L or RQFI.L?

On fees, XCX4.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCX4.L or RQFI.L?

XCX4.L is cheaper with a 0.50% expense ratio, compared with 0.65% for RQFI.L.

What is the main difference between XCX4.L and RQFI.L?

XCX4.L is categorized as Asia Pacific Equities, while RQFI.L is China Equities. XCX4.L tracks MSCI Thailand NR THB, while RQFI.L tracks MSCI China A Onshore NR CNY. Their fees differ too: 0.50% for XCX4.L and 0.65% for RQFI.L.