FINX vs. MCHI
Compare and contrast key facts about Global X FinTech ETF (FINX) and iShares MSCI China ETF (MCHI).
FINX and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FINX is a passively managed fund by Global X that tracks the performance of the Indxx Global FinTech Thematic Index. It was launched on Sep 12, 2016. 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 FINX 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: FINX or MCHI.
Key characteristics
| FINX | MCHI | |
|---|---|---|
| YTD Return | 27.28% | 17.74% |
| 1Y Return | 56.64% | 11.81% |
| 3Y Return (Ann) | -12.27% | -10.33% |
| 5Y Return (Ann) | 2.91% | -2.50% |
| Sharpe Ratio | 2.71 | 0.46 |
| Sortino Ratio | 3.54 | 0.89 |
| Omega Ratio | 1.43 | 1.11 |
| Calmar Ratio | 1.07 | 0.24 |
| Martin Ratio | 10.99 | 1.37 |
| Ulcer Index | 5.69% | 10.58% |
| Daily Std Dev | 23.12% | 31.33% |
| Max Drawdown | -63.53% | -62.84% |
| Current Drawdown | -34.74% | -47.42% |
Correlation
The correlation between FINX and MCHI is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FINX vs. MCHI - Performance Comparison
In the year-to-date period, FINX achieves a 27.28% return, which is significantly higher than MCHI's 17.74% 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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FINX vs. MCHI - Expense Ratio Comparison
FINX has a 0.68% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
FINX vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) 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
FINX vs. MCHI - Dividend Comparison
FINX's dividend yield for the trailing twelve months is around 0.18%, less than MCHI's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | 0.18% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.48% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
FINX vs. MCHI - Drawdown Comparison
The maximum FINX drawdown since its inception was -63.53%, roughly equal to the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for FINX and MCHI. For additional features, visit the drawdowns tool.
Volatility
FINX vs. MCHI - Volatility Comparison
The current volatility for Global X FinTech ETF (FINX) is 7.67%, while iShares MSCI China ETF (MCHI) has a volatility of 11.21%. This indicates that FINX 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.