AFTY vs. MCHI
Compare and contrast key facts about Pacer CSOP FTSE China A50 ETF (AFTY) and iShares MSCI China ETF (MCHI).
AFTY and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFTY is a passively managed fund by Pacer Advisors that tracks the performance of the FTSE China A 50. It was launched on Mar 12, 2015. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both AFTY and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTY or MCHI.
Key characteristics
| AFTY | MCHI | |
|---|---|---|
| YTD Return | 4.98% | 3.12% |
| 1Y Return | -3.08% | -4.15% |
| 3Y Return (Ann) | -8.78% | -14.27% |
| 5Y Return (Ann) | -0.82% | -4.14% |
| Sharpe Ratio | -0.08 | -0.23 |
| Daily Std Dev | 15.82% | 22.71% |
| Max Drawdown | -51.06% | -62.84% |
| Current Drawdown | -44.75% | -53.94% |
Correlation
The correlation between AFTY and MCHI is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AFTY vs. MCHI - Performance Comparison
In the year-to-date period, AFTY achieves a 4.98% return, which is significantly higher than MCHI's 3.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AFTY vs. MCHI - Expense Ratio Comparison
AFTY has a 0.70% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
AFTY vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer CSOP FTSE China A50 ETF (AFTY) and iShares MSCI China ETF (MCHI). 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.
Dividends
AFTY vs. MCHI - Dividend Comparison
AFTY's dividend yield for the trailing twelve months is around 2.13%, less than MCHI's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTY Pacer CSOP FTSE China A50 ETF | 2.13% | 2.23% | 2.08% | 1.84% | 1.48% | 8.63% | 1.85% | 6.62% | 1.19% | 16.76% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.83% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
AFTY vs. MCHI - Drawdown Comparison
The maximum AFTY drawdown since its inception was -51.06%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for AFTY and MCHI. For additional features, visit the drawdowns tool.
Volatility
AFTY vs. MCHI - Volatility Comparison
The current volatility for Pacer CSOP FTSE China A50 ETF (AFTY) is 3.79%, while iShares MSCI China ETF (MCHI) has a volatility of 6.02%. This indicates that AFTY experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.