MCHI — iShares MSCI China ETF
Single Country - Emerging Ranked #435 of 458 tracked ETFs · Issued by iShares
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.
What If You'd Invested in MCHI?
See what a lump sum in MCHI would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI China ETF (MCHI) is an iShares-managed fund tracking the Single Country - Emerging category, where it ranks 16 of 22 peers. With $6.33 billion in assets, the fund carries a D grade and an overall rank of 435 out of 458 tracked ETFs. Its 0.59% expense ratio matches the category median, while its 2.00% dividend yield trails the peer average of 2.24%. The portfolio is concentrated, with the top 10 holdings representing 42.2% of assets, led by Tencent Holdings Limited at 13.2%.
The fund’s price sits at 28.8% of its 52-week range, reflecting a recent upgrade from an F to a D grade on 2026-07-26. Short-term performance shows a mixed picture, with a 1-day gain of 0.99% contrasting against a 1-month decline of 1.79%. Over the longer term, the 3-year return of 32.84% stands in sharp contrast to the negative 1-year return of -7.21%. This recent underperformance is notable given the category median 1-year return of +20.78%. The analysis is based on 3.0 years of available price history.
MCHI exhibits a beta of 0.44, indicating it moves less than the broader market, alongside a moderate annualized volatility of 19.90%. The fund has experienced a maximum drawdown of -25.35%, resulting in a negative Sharpe ratio of -0.61. Liquidity is supported by an average daily volume of 2,715,993 shares and a bid/ask spread of 0.30%. These metrics describe a record of moderate price fluctuation with significant recent downside pressure.
AI-generated summary based on the data on this page.
MCHI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Tencent Holdings Limited | 13.21% | $838M |
| 2 | Alibaba Group Holding Limited | 10.14% | $644M |
| 3 | CHINA CONSTRUCTION BANK CORPORATION | 3.97% | $252M |
| 4 | BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | 2.52% | $160M |
| 5 | XIAOMI CORPORATION | 2.35% | $149M |
| 6 | PDD Holdings Inc. | 2.28% | $145M |
| 7 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 2.10% | $133M |
| 8 | Ping An Insurance (Group) Company of China, Ltd. | 1.96% | $124M |
| 9 | MEITUAN | 1.84% | $117M |
| 10 | BANK OF CHINA LIMITED | 1.80% | $114M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 42.2% 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 8 of the same companies as MCHI's top 10 (37.4% of MCHI's assets).
| ETF | Name | Shared Companies | MCHI Weight | Examples |
|---|---|---|---|---|
| FXI | iShares China Large-Cap ETF | 8 | 37.4% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| GXC | State Street SPDR S&P China ETF | 7 | 35.6% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 5 | 31.6% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| ESGE | iShares ESG Aware MSCI EM ETF | 4 | 29.8% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 4 | 29.8% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What MCHI's Fees Cost You
MCHI charges an expense ratio of 0.59% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
MCHI Dividend Income Estimator
MCHI currently yields 2.00%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
MCHI Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.30% and average daily volume is 2.7M/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 $6.33B 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
| Period | Return |
|---|---|
| 1-Day | +0.99% |
| 1-Week | -0.58% |
| 1-Month | -1.79% |
| 3-Month | +1.53% |
| 6-Month | -2.55% |
| YTD | -11.19% |
| 1-Year | -7.21% |
| 3-Year | +32.84% |
How MCHI Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #56 | B |
EWT | iShares MSCI Taiwan ETF | +97.86% | 0.59% | $11.8B |
| #60 | B |
FLKR | Franklin FTSE South Korea ETF | +162.24% | 0.09% | $1.70B |
| #68 | B |
EWY | iShares MSCI South Korea ETF | +164.28% | 0.59% | $27.7B |
| #75 | B |
EPOL | iShares MSCI Poland ETF | +46.23% | 0.59% | $848M |
| #111 | B |
EPU | iShares MSCI Peru ETF | +68.81% | 0.59% | $564M |
| #156 | C |
GREK | Global X MSCI Greece ETF | +41.41% | 0.56% | $343M |
| #241 | C |
EWZ | iShares MSCI Brazil ETF | +35.62% | 0.59% | $8.17B |
| #257 | C |
EZA | iShares MSCI South Africa ETF | +36.50% | 0.59% | $578M |
| #319 | C |
ECH | iShares MSCI Chile ETF | +24.65% | 0.59% | $1.04B |
| #361 | C |
EWW | iShares MSCI Mexico ETF | +25.65% | 0.5% | $1.82B |
| #375 | C |
THD | iShares MSCI Thailand ETF | +30.47% | 0.59% | $346M |
| #383 | D |
EWM | iShares MSCI Malaysia ETF | +16.91% | 0.5% | $325M |
| #415 | D |
KSA | iShares MSCI Saudi Arabia ETF | +5.95% | 0.75% | $639M |
| #417 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | +13.39% | 0.65% | $1.57B |
| #434 | D |
INDA | iShares MSCI India ETF | -5.10% | 0.61% | $6.75B |
| #435 | D |
MCHI | iShares MSCI China ETF | -7.21% | 0.59% | $6.33B |
| #436 | D |
FXI | iShares China Large-Cap ETF | -4.67% | 0.73% | $4.23B |
| #444 | F |
GXC | State Street SPDR S&P China ETF | -3.85% | 0.59% | $474M |
| #450 | F |
INDY | iShares India 50 ETF | -7.77% | 0.65% | $552M |
| #452 | F |
VNM | VanEck Vietnam ETF | -1.26% | 0.66% | $521M |
| #455 | F |
KWEB | KraneShares CSI China Internet ETF | -27.16% | 0.69% | $5.10B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -24.40% | 0.59% | $502M |