FM vs. MCHI
Compare and contrast key facts about iShares MSCI Frontier 100 ETF (FM) and iShares MSCI China ETF (MCHI).
FM and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012. 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 FM 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: FM or MCHI.
Key characteristics
| FM | MCHI | |
|---|---|---|
| YTD Return | 3.69% | 3.51% |
| 1Y Return | 13.16% | -6.52% |
| 3Y Return (Ann) | -1.36% | -18.19% |
| 5Y Return (Ann) | 1.93% | -6.52% |
| 10Y Return (Ann) | 0.59% | 1.43% |
| Sharpe Ratio | 1.06 | -0.33 |
| Daily Std Dev | 12.28% | 24.99% |
| Max Drawdown | -41.63% | -62.84% |
| Current Drawdown | -19.83% | -53.77% |
Correlation
The correlation between FM and MCHI is 0.43, 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
FM vs. MCHI - Performance Comparison
The year-to-date returns for both stocks are quite close, with FM having a 3.69% return and MCHI slightly lower at 3.51%. Over the past 10 years, FM has underperformed MCHI with an annualized return of 0.59%, while MCHI has yielded a comparatively higher 1.43% 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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FM vs. MCHI - Expense Ratio Comparison
FM has a 0.79% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
FM vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Frontier 100 ETF (FM) 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
FM vs. MCHI - Dividend Comparison
FM's dividend yield for the trailing twelve months is around 3.49%, more than MCHI's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FM iShares MSCI Frontier 100 ETF | 3.49% | 3.62% | 2.70% | 2.04% | 2.91% | 3.12% | 4.29% | 2.04% | 2.15% | 2.76% | 12.35% | 1.11% |
MCHI iShares MSCI China ETF | 3.37% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
FM vs. MCHI - Drawdown Comparison
The maximum FM drawdown since its inception was -41.63%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for FM and MCHI. For additional features, visit the drawdowns tool.
Volatility
FM vs. MCHI - Volatility Comparison
The current volatility for iShares MSCI Frontier 100 ETF (FM) is 3.64%, while iShares MSCI China ETF (MCHI) has a volatility of 5.89%. This indicates that FM 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.