EWH vs. MCHI
Compare and contrast key facts about iShares MSCI Hong Kong ETF (EWH) and iShares MSCI China ETF (MCHI).
EWH and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong Index. It was launched on Mar 12, 1996. 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 EWH 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: EWH or MCHI.
Key characteristics
| EWH | MCHI | |
|---|---|---|
| YTD Return | 5.98% | 21.98% |
| 1Y Return | 7.62% | 17.73% |
| 3Y Return (Ann) | -6.44% | -8.46% |
| 5Y Return (Ann) | -3.14% | -2.31% |
| 10Y Return (Ann) | 1.41% | 1.94% |
| Sharpe Ratio | 0.52 | 0.72 |
| Sortino Ratio | 0.89 | 1.25 |
| Omega Ratio | 1.11 | 1.16 |
| Calmar Ratio | 0.29 | 0.36 |
| Martin Ratio | 1.38 | 2.15 |
| Ulcer Index | 8.95% | 10.14% |
| Daily Std Dev | 23.56% | 30.14% |
| Max Drawdown | -66.43% | -62.84% |
| Current Drawdown | -28.01% | -45.52% |
Correlation
The correlation between EWH and MCHI is 0.79, 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
EWH vs. MCHI - Performance Comparison
In the year-to-date period, EWH achieves a 5.98% return, which is significantly lower than MCHI's 21.98% return. Over the past 10 years, EWH has underperformed MCHI with an annualized return of 1.41%, while MCHI has yielded a comparatively higher 1.94% annualized 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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EWH vs. MCHI - Expense Ratio Comparison
EWH has a 0.49% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
EWH vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Hong Kong ETF (EWH) 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
EWH vs. MCHI - Dividend Comparison
EWH's dividend yield for the trailing twelve months is around 4.33%, more than MCHI's 2.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 4.33% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% | 3.52% | 2.96% |
MCHI iShares MSCI China ETF | 2.39% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
EWH vs. MCHI - Drawdown Comparison
The maximum EWH drawdown since its inception was -66.43%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for EWH and MCHI. For additional features, visit the drawdowns tool.
Volatility
EWH vs. MCHI - Volatility Comparison
The current volatility for iShares MSCI Hong Kong ETF (EWH) is 10.66%, while iShares MSCI China ETF (MCHI) has a volatility of 15.59%. This indicates that EWH 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.