- Issuer
- Invesco
- Inception Date
- Mar 1, 2021
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco MSCI China All Shares Connect UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
MCHN.L Performance Chart
Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) is down 4.2% since the beginning of the year. MCHN.L is currently trading at $30 per share. Investors who bought $1,000 worth of MCHN.L shares 5 years ago would now be looking at an investment worth $837.
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Returns By Period
Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) has returned -4.19% so far this year and 7.58% over the past 12 months.
Invesco MSCI China All Shares Connect UCITS ETF
- 1D
- -1.16%
- 1M
- -2.71%
- 6M
- -8.31%
- YTD
- -4.19%
- 1Y
- 7.58%
- 3Y*
- 8.96%
- 5Y*
- -3.50%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
MCHN.L Monthly Returns History
Based on dividend-adjusted daily data since Mar 1, 2021, MCHN.L's average daily return is -0.01%, while the average monthly return is -0.19%.
Historically, 46% of months were positive and 54% were negative. The best month was Nov 2022 with a return of +22.9%, while the worst month was Oct 2022 at -13.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MCHN.L closed higher 48% of trading days. The best single day was Mar 16, 2022 with a return of +13.8%, while the worst single day was Oct 8, 2024 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.42% | -2.26% | -7.35% | 6.32% | -1.49% | -3.13% | 0.85% | -4.19% | |||||
| 2025 | 2.07% | 6.19% | 0.93% | -4.74% | 2.99% | 4.68% | 3.39% | 9.10% | 6.23% | -3.10% | -2.02% | 0.22% | 28.12% |
| 2024 | -8.67% | 7.83% | 1.15% | 4.47% | 1.41% | -2.56% | -1.43% | -0.65% | 22.39% | -4.04% | -2.56% | 1.44% | 16.91% |
| 2023 | 11.56% | -8.01% | 1.59% | -3.70% | -9.18% | 3.61% | 9.49% | -8.67% | -3.89% | -4.46% | 2.90% | -2.31% | -12.79% |
| 2022 | -4.81% | -1.66% | -9.70% | -6.56% | 2.23% | 8.38% | -8.52% | -1.91% | -11.22% | -13.61% | 22.88% | 2.61% | -24.06% |
| 2021 | -7.83% | 1.34% | 2.06% | -0.09% | -11.27% | -0.52% | -1.66% | 2.13% | -3.73% | -1.20% | -19.70% |
Benchmark Metrics
Invesco MSCI China All Shares Connect UCITS ETF has an annualized alpha of -8.25%, beta of 0.38, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since March 01, 2021.
- This ETF participated in 71.53% of S&P 500 Index downside but only 12.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.38 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -8.25%
- Beta
- 0.38
- R²
- 0.06
- Upside Capture
- 12.92%
- Downside Capture
- 71.53%
Expense Ratio
MCHN.L has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MCHN.L ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco MSCI China All Shares Connect UCITS ETF (MCHN.L) and compare them to S&P 500 Index.
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.
| MCHN.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.35 | -1.76 |
| Martin ratioReturn relative to average drawdown | 1.19 | 10.19 | -9.00 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco MSCI China All Shares Connect UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco MSCI China All Shares Connect UCITS ETF was 52.51%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
The current Invesco MSCI China All Shares Connect UCITS ETF drawdown is 23.67%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-52.51%Feb 2024 | 2y 11mo | — | 5y 4moMar 2021 - now | — |
Drawdown Indicators
| MCHN.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -56.78% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -9.10% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -18.90% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -25.43% | -22.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -23.67% | -0.49% | -23.18% |
Average DrawdownAverage peak-to-trough decline | -31.33% | -10.70% | -20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 2.09% | +4.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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