EIDO vs. MCHI

Last updated Jun 13, 2026

EIDO (iShares MSCI Indonesia ETF) and MCHI (iShares MSCI China ETF) are both exchange-traded funds - EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index, while MCHI is a China Equities fund tracking the MSCI China Index. Both are passively managed. Over the past 10 years, EIDO returned -3.71%/yr vs 4.76%/yr for MCHI. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

EIDO vs. MCHI - Performance Comparison

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

Returns By Period

In the year-to-date period, EIDO achieves a -34.01% return, which is significantly lower than MCHI's -8.72% return. Over the past 10 years, EIDO has underperformed MCHI with an annualized return of -3.71%, while MCHI has yielded a comparatively higher 4.76% annualized return.

EIDO

• 1D: 1.82%
• 1M: -13.71%
• YTD: -34.01%
• 6M: -33.58%
• 1Y: -32.31%
• 3Y*: -16.75%
• 5Y*: -8.51%
• 10Y*: -3.71%

MCHI

• 1D: 0.90%
• 1M: -8.30%
• YTD: -8.72%
• 6M: -9.79%
• 1Y: 0.46%
• 3Y*: 8.42%
• 5Y*: -5.82%
• 10Y*: 4.76%

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

EIDO vs. MCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIDO iShares MSCI Indonesia ETF	-34.01%	4.90%	-13.02%	2.56%	-0.16%	-0.60%	-7.13%	5.30%	-10.88%	19.40%
MCHI iShares MSCI China ETF	-8.72%	31.04%	17.73%	-11.94%	-23.01%	-21.74%	27.78%	23.72%	-19.79%	54.67%

Correlation

The correlation between EIDO and MCHI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011	0.50

Over the past year, the correlation between EIDO and MCHI has dropped to 0.28 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

EIDO vs. MCHI - Sectors Allocation Comparison

Sectors	EIDO	MCHI
Financial Services	37.8%	19.1%
Basic Materials	18.5%	5.5%
Energy	10.6%	3.7%
Communication Services	8.7%	18.8%
Consumer Defensive	7.5%	3.2%
Industrials	6.1%	5.0%
Technology	2.7%	9.6%
Utilities	2.4%	1.7%
Healthcare	2.4%	5.4%
Real Estate	1.8%	1.5%
Consumer Cyclical	1.6%	26.4%

Return for Risk

EIDO vs. MCHI — Risk / Return Rank

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

EIDO

EIDO Risk / Return Rank: 1
EIDO Sharpe Ratio Rank: 0
EIDO Sortino Ratio Rank: 1
EIDO Omega Ratio Rank: 0
EIDO Calmar Ratio Rank: 3
EIDO Martin Ratio Rank: 0

MCHI

MCHI Risk / Return Rank: 10
MCHI Sharpe Ratio Rank: 10
MCHI Sortino Ratio Rank: 10
MCHI Omega Ratio Rank: 10
MCHI Calmar Ratio Rank: 10
MCHI Martin Ratio Rank: 10

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.

EIDO vs. MCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) 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.

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.

	EIDO	MCHI	Difference
Sharpe ratio: Return per unit of total volatility	-1.29	0.02	-1.31
Sortino ratio: Return per unit of downside risk	-1.84	0.18	-2.01
Omega ratio: Gain probability vs. loss probability	0.76	1.02	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.74	0.03	-0.77
Martin ratio: Return relative to average drawdown	-2.38	0.05	-2.44

EIDO vs. MCHI - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.29, which is lower than the MCHI Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of EIDO and MCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIDO vs. MCHI - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, roughly equal to the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for EIDO and MCHI.

Drawdown Indicators

	EIDO	MCHI	Difference
Max Drawdown Largest peak-to-trough decline	-63.21%	-62.95%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	-43.81%	-18.51%	-25.30%
Max Drawdown (3Y) Largest decline over 3 years	-51.77%	-25.85%	-25.92%
Max Drawdown (5Y) Largest decline over 5 years	-51.77%	-56.98%	+5.21%
Max Drawdown (10Y) Largest decline over 10 years	-59.41%	-62.95%	+3.54%
Current Drawdown Current decline from peak	-54.96%	-37.76%	-17.20%
Average Drawdown Average peak-to-trough decline	-24.68%	-24.54%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.63%	8.81%	+4.82%

Volatility

EIDO vs. MCHI - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 13.82% compared to iShares MSCI China ETF (MCHI) at 6.46%. This indicates that EIDO's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIDO	MCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.82%	6.46%	+7.36%
Volatility (6M) Calculated over the trailing 6-month period	21.56%	14.62%	+6.94%
Volatility (1Y) Calculated over the trailing 1-year period	25.14%	20.23%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.41%	30.72%	-10.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	27.38%	-2.38%

EIDO vs. MCHI - Expense Ratio Comparison

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

Dividends

EIDO vs. MCHI - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 5.39%, more than MCHI's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIDO iShares MSCI Indonesia ETF	5.39%	3.56%	5.20%	2.94%	2.53%	1.33%	1.51%	1.78%	1.99%	1.26%	1.16%	1.67%
MCHI iShares MSCI China ETF	2.32%	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

Can I hold both EIDO and MCHI in my portfolio?

EIDO and MCHI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIDO or MCHI?

EIDO has higher volatility (13.82%) compared to MCHI (6.46%). In terms of maximum drawdown, EIDO dropped -63.21% vs MCHI's -62.95%.

Which ETF is better, EIDO or MCHI?

On 10-year performance, MCHI leads with 4.76% vs -3.71% for EIDO. Both ETFs have the same 0.59% expense ratio. On volatility, MCHI has been the lower-risk option at 6.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIDO or MCHI?

Over the 10-year period, MCHI has performed better with a 4.76% return vs -3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIDO or MCHI?

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

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

EIDO has the higher dividend yield at 5.39%, compared with 2.32% for MCHI.

What is the main difference between EIDO and MCHI?

EIDO is categorized as Asia Pacific Equities, while MCHI is China Equities. EIDO tracks MSCI Indonesia Investable Market Index, while MCHI tracks MSCI China Index.

Which has better risk-adjusted returns?

MCHI currently has the higher Sharpe Ratio (0.02 vs -1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.