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 (MCHI) operates within the Single Country - Emerging category, where it is one of 22 funds tracked by ETFValuer. Issued by iShares, the fund manages $5.89 billion in assets while trading at a price of $53.33. It holds an overall rank of #435 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of F with a score of 34.6 out of 100. The fund carries an expense ratio of 0.59% and offers a dividend yield of 2.14%. The combination of a low overall rank and a high expense ratio relative to its grade suggests limited investor adoption compared to higher-performing peers in the sector.

Recent performance data shows a divergence between short-term gains and longer-term losses, with the fund posting a 1-day return of -0.04% and a 1-week gain of +0.72%. Over the past month, the ETF advanced by 3.69%, yet this momentum reversed over the subsequent three months with a decline of 6.26%. The six-month return stands at -14.49%, contributing to a year-to-date loss of 13.75% and a one-year return of -8.29%. Despite these recent negative trends, the fund has generated a positive three-year return of +15.57%. This pattern indicates a period of recent underperformance that contrasts with the positive returns achieved over the longer three-year horizon.

The fund is assigned a Moderate volatility label and exhibits a beta of 0.59, suggesting its price movements are less sensitive to broader market fluctuations than the average asset. However, the Sharpe ratio of -0.65 indicates that the returns generated have not adequately compensated investors for the risk taken. This risk profile is further highlighted by a maximum drawdown of -25.85%, which represents the largest peak-to-trough decline recorded. The combination of a negative Sharpe ratio and a significant maximum drawdown implies that the fund has experienced substantial periods of loss relative to its risk exposure. While the low beta suggests reduced correlation with market swings, the negative risk-adjusted metrics point to challenges in preserving capital during downturns.

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

MCHI Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 44.1% 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 — GXC overlaps most, holding 9 of the same companies as MCHI's top 10 (42.0% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MCHI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.32% and average daily volume is 3.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $5.89B 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