XCX6.L vs. CNSG.L
XCX6.L (Xtrackers MSCI China UCITS ETF 1C) and CNSG.L (UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis) are both China Equities funds tracking the MSCI China NR USD, from DWS and UBS respectively. Both are passively managed. Over the past 5 years, XCX6.L returned -4.94%/yr vs -4.34%/yr for CNSG.L. Their correlation of 0.95 suggests significant overlap in exposure. XCX6.L charges 0.65%/yr vs 0.45%/yr for CNSG.L.
Performance
XCX6.L vs. CNSG.L - Performance Comparison
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Returns By Period
In the year-to-date period, XCX6.L achieves a -11.88% return, which is significantly lower than CNSG.L's -7.88% return.
XCX6.L
- 1D
- -2.46%
- 1M
- -1.93%
- 6M
- -14.79%
- YTD
- -11.88%
- 1Y
- -5.35%
- 3Y*
- 6.77%
- 5Y*
- -4.94%
- 10Y*
- 3.53%
CNSG.L
- 1D
- -2.06%
- 1M
- -1.96%
- 6M
- -10.43%
- YTD
- -7.88%
- 1Y
- -5.02%
- 3Y*
- 6.57%
- 5Y*
- -4.34%
- 10Y*
- —
XCX6.L vs. CNSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCX6.L Xtrackers MSCI China UCITS ETF 1C | -11.88% | 22.42% | 20.57% | -17.10% | -13.36% | -21.25% | 25.03% | 1.96% |
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | -7.88% | 18.19% | 20.51% | -18.51% | -12.26% | -17.41% | 26.99% | -17.90% |
Correlation
The correlation between XCX6.L and CNSG.L is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.95 |
The correlation between XCX6.L and CNSG.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
XCX6.L vs. CNSG.L — Risk / Return Rank
XCX6.L
CNSG.L
XCX6.L vs. CNSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1C (XCX6.L) and UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.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.
| XCX6.L | CNSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.30 | +0.07 |
| Martin ratioReturn relative to average drawdown | -0.50 | -0.64 | +0.15 |
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Drawdowns
XCX6.L vs. CNSG.L - Drawdown Comparison
The maximum XCX6.L drawdown since its inception was -57.08%, roughly equal to the maximum CNSG.L drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for XCX6.L and CNSG.L.
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Drawdown Indicators
| XCX6.L | CNSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -55.67% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -16.53% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -33.59% | -27.90% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -46.54% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -57.08% | — | — |
Current DrawdownCurrent decline from peak | -37.20% | -33.20% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -20.43% | -29.84% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 7.77% | +3.02% |
Volatility
XCX6.L vs. CNSG.L - Volatility Comparison
Xtrackers MSCI China UCITS ETF 1C (XCX6.L) has a higher volatility of 5.78% compared to UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis (CNSG.L) at 5.09%. This indicates that XCX6.L's price experiences larger fluctuations and is considered to be riskier than CNSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCX6.L | CNSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 5.09% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 11.73% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.82% | 16.80% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.55% | 26.86% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.85% | 26.00% | +0.85% |
XCX6.L vs. CNSG.L - Expense Ratio Comparison
XCX6.L has a 0.65% expense ratio, which is higher than CNSG.L's 0.45% expense ratio.
Dividends
XCX6.L vs. CNSG.L - Dividend Comparison
XCX6.L has not paid dividends to shareholders, while CNSG.L's dividend yield for the trailing twelve months is around 2.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CNSG.L UBS ETF (LU) MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis | 2.74% | 2.57% | 0.85% | 2.00% | 1.80% | 1.35% | 0.74% |
XCX6.L Xtrackers MSCI China UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, XCX6.L and CNSG.L 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, CNSG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNSG.L is cheaper with a 0.45% expense ratio, compared with 0.65% for XCX6.L.
Both ETFs track MSCI China NR USD. They also come from different issuers: DWS and UBS. Their fees differ too: 0.65% for XCX6.L and 0.45% for CNSG.L.
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