MCHI — iShares MSCI China ETF

MCHI Price Performance — Growth of $10,000

Value of a $10,000 investment in MCHI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MCHI Drawdown

The "underwater" chart: MCHI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI China ETF is a Single Country - Emerging fund issued by iShares with $5.99 billion in assets under management. It holds a D grade and ranks 16 of 22 within its category, placing it in the lower tier of similar funds. The fund’s 0.59% expense ratio matches the category median, while its 2.24% dividend yield trails the 2.68% median. Concentration is notable, with the top 10 holdings comprising 41.5% of assets and Tencent Holdings Limited representing the largest single position at 13.9%. Across all tracked ETFs, it holds an overall rank of 436 of 458.

The fund’s price of $49.00 sits at the bottom 2.0% of its 52-week range, reflecting significant recent weakness. Short-term returns are negative across all horizons from one day to one year, with the one-year return of -20.79% contrasting sharply with the category median of +7.84%. This underperformance is evident in the year-to-date decline of -20.75% and the three-month drop of -9.69%. However, the three-year return of +24.54% indicates a different long-term trajectory despite recent losses. The ETFValuer grade has remained unchanged at D for the last 35 tracked days, and price history is available for only 3.0 years.

With a beta of 0.45, the fund has exhibited lower sensitivity to market movements compared to the broader market. Annualized volatility of 18.82% is classified as Moderate, yet the Sharpe ratio of -1.37 suggests poor risk-adjusted returns during the measured period. The maximum drawdown of -25.47% highlights the extent of peak-to-trough losses experienced by investors. Liquidity is supported by an average daily volume of 1,981,573 shares, facilitating trade execution. These metrics collectively describe a fund that has delivered negative risk-adjusted performance despite moderate volatility levels.

AI-generated summary based on the data on this page.

MCHI Top Holdings

Holdings as of 2026-08-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 41.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MCHI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MCHI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MCHI's top 10 — FXI overlaps most, holding 9 of the same companies as MCHI's top 10 (39.7% of MCHI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MCHI Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.0M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $5.99B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MCHI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MCHI Performance History

How MCHI Compares to Other Single Country - Emerging ETFs