CSUS.AS vs. MCHI
CSUS.AS (iShares MSCI USA UCITS ETF USD (Acc)) and MCHI (iShares MSCI China ETF) are both exchange-traded funds - CSUS.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while MCHI is a China Equities fund tracking the MSCI China Index. Both are passively managed. Over the past 10 years, CSUS.AS returned 14.77%/yr vs 4.26%/yr for MCHI. At a 0.36 correlation, their price movements are largely independent. CSUS.AS charges 0.33%/yr vs 0.59%/yr for MCHI.
Performance
CSUS.AS vs. MCHI - Performance Comparison
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Different Trading Currencies
CSUS.AS is traded in EUR, while MCHI is traded in USD. To make them comparable, the MCHI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSUS.AS achieves a 11.31% return, which is significantly higher than MCHI's -6.17% return. Over the past 10 years, CSUS.AS has outperformed MCHI with an annualized return of 14.77%, while MCHI has yielded a comparatively lower 4.26% annualized return.
CSUS.AS
- 1D
- -0.02%
- 1M
- 5.45%
- YTD
- 11.31%
- 6M
- 11.33%
- 1Y
- 25.43%
- 3Y*
- 19.05%
- 5Y*
- 14.34%
- 10Y*
- 14.77%
MCHI
- 1D
- -0.59%
- 1M
- -1.95%
- YTD
- -6.17%
- 6M
- -8.74%
- 1Y
- 2.23%
- 3Y*
- 6.81%
- 5Y*
- -4.88%
- 10Y*
- 4.26%
CSUS.AS vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSUS.AS iShares MSCI USA UCITS ETF USD (Acc) | 11.31% | 4.04% | 33.96% | 22.33% | -15.27% | 37.95% | 10.18% | 32.81% | -0.73% | 6.52% |
MCHI iShares MSCI China ETF | -6.17% | 15.49% | 25.50% | -14.58% | -18.24% | -15.89% | 17.25% | 26.52% | -16.02% | 35.66% |
Correlation
The correlation between CSUS.AS and MCHI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2014 | 0.36 |
The correlation between CSUS.AS and MCHI shifts across timeframes, from 0.19 (3 years) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSUS.AS vs. MCHI — Risk / Return Rank
CSUS.AS
MCHI
CSUS.AS vs. MCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) 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.
| CSUS.AS | MCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.04 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 0.14 | +3.28 |
| Martin ratioReturn relative to average drawdown | 11.97 | 0.28 | +11.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSUS.AS | MCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 0.11 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | -0.17 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.16 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.14 | +0.76 |
Drawdowns
CSUS.AS vs. MCHI - Drawdown Comparison
The maximum CSUS.AS drawdown since its inception was -34.08%, smaller than the maximum MCHI drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for CSUS.AS and MCHI.
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Drawdown Indicators
| CSUS.AS | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -56.70% | +22.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -16.41% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.49% | -24.99% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -50.19% | +26.70% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -56.70% | +22.62% |
Current DrawdownCurrent decline from peak | -0.33% | -34.42% | +34.09% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -21.29% | +16.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 8.10% | -5.99% |
Volatility
CSUS.AS vs. MCHI - Volatility Comparison
The current volatility for iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) is 2.74%, while iShares MSCI China ETF (MCHI) has a volatility of 6.87%. This indicates that CSUS.AS 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.
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Volatility by Period
| CSUS.AS | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 6.87% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 13.81% | -6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 19.64% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 29.35% | -13.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 26.68% | -10.45% |
CSUS.AS vs. MCHI - Expense Ratio Comparison
CSUS.AS has a 0.33% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Dividends
CSUS.AS vs. MCHI - Dividend Comparison
CSUS.AS has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSUS.AS iShares MSCI USA UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.28% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Frequently Asked Questions
CSUS.AS and MCHI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSUS.AS is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSUS.AS is cheaper with a 0.33% expense ratio, compared with 0.59% for MCHI.
CSUS.AS is categorized as Large Cap Blend Equities, while MCHI is China Equities. CSUS.AS tracks Russell 1000 TR USD, while MCHI tracks MSCI China Index. Their fees differ too: 0.33% for CSUS.AS and 0.59% for MCHI.
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