DRAG vs. MCHI

Last updated Jun 5, 2026

DRAG (Roundhill China Dragons ETF) and MCHI (iShares MSCI China ETF) are both China Equities funds. DRAG is actively managed, while MCHI is passively managed. Both charge a 0.59% expense ratio.

Performance

DRAG vs. MCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Dragons ETF (DRAG) and iShares MSCI China ETF (MCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MCHI

• 1D: -0.45%
• 1M: -2.60%
• YTD: -7.22%
• 6M: -8.98%
• 1Y: 3.98%
• 3Y*: 9.73%
• 5Y*: -5.76%
• 10Y*: 4.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRAG vs. MCHI - Yearly Performance Comparison

	2026 (YTD)
DRAG Roundhill China Dragons ETF	0.00%
MCHI iShares MSCI China ETF	-9.63%

DRAG vs. MCHI - Sectors Allocation Comparison

Sectors	DRAG	MCHI
Consumer Cyclical	72.4%	26.4%
Communication Services	17.3%	18.8%
Technology	10.2%	9.6%
Basic Materials	-	5.5%
Consumer Defensive	-	3.2%
Energy	-	3.7%
Financial Services	-	19.1%
Healthcare	-	5.4%
Industrials	-	5.0%
Real Estate	-	1.5%
Utilities	-	1.7%

Return for Risk

DRAG vs. MCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCHI

MCHI Risk / Return Rank: 12
MCHI Sharpe Ratio Rank: 12
MCHI Sortino Ratio Rank: 12
MCHI Omega Ratio Rank: 12
MCHI Calmar Ratio Rank: 12
MCHI Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRAG vs. MCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Dragons ETF (DRAG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DRAG	MCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.09	—

Drawdowns

DRAG vs. MCHI - Drawdown Comparison

The maximum DRAG drawdown since its inception was 0.00%, smaller than the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for DRAG and MCHI.

Drawdown Indicators

	DRAG	MCHI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-62.95%	+62.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.95%	—
Current Drawdown Current decline from peak	0.00%	-36.74%	+36.74%
Average Drawdown Average peak-to-trough decline	0.00%	-24.53%	+24.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.36%	—

Volatility

Volatility by Period

	DRAG	MCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	20.16%	-20.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	30.71%	-30.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	27.39%	-27.39%

DRAG vs. MCHI - Expense Ratio Comparison

Both DRAG and MCHI have an expense ratio of 0.59%.

Dividends

DRAG vs. MCHI - Dividend Comparison

DRAG 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
DRAG Roundhill China Dragons ETF	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

Which ETF is better, DRAG or MCHI?

Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAG or MCHI?

DRAG and MCHI have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, DRAG or MCHI?

MCHI has the higher dividend yield at 2.28%, compared with 0.00% for DRAG.

What is the main difference between DRAG and MCHI?

They also come from different issuers: Roundhill and iShares.