FXI vs. MCH
Compare and contrast key facts about iShares China Large-Cap ETF (FXI) and Matthews China Active ETF (MCH).
FXI and MCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXI is a passively managed fund by iShares that tracks the performance of the FTSE China 25 Index. It was launched on Oct 5, 2004. MCH is an actively managed fund by Matthews. It was launched on Jul 13, 2022.
Performance
FXI vs. MCH - Performance Comparison
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FXI vs. MCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -6.24% | 28.95% | 28.98% | -12.42% | -7.64% |
MCH Matthews China Active ETF | -6.67% | 30.20% | 17.32% | -19.91% | -3.12% |
Returns By Period
In the year-to-date period, FXI achieves a -6.24% return, which is significantly higher than MCH's -6.67% return.
FXI
- 1D
- 2.57%
- 1M
- -3.70%
- YTD
- -6.24%
- 6M
- -11.79%
- 1Y
- 2.68%
- 3Y*
- 9.39%
- 5Y*
- -3.25%
- 10Y*
- 3.13%
MCH
- 1D
- 2.06%
- 1M
- -7.93%
- YTD
- -6.67%
- 6M
- -11.51%
- 1Y
- 10.06%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
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FXI vs. MCH - Expense Ratio Comparison
FXI has a 0.74% expense ratio, which is lower than MCH's 0.79% expense ratio.
Return for Risk
FXI vs. MCH — Risk / Return Rank
FXI
MCH
FXI vs. MCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and Matthews China Active ETF (MCH). 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.
| FXI | MCH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 0.42 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.32 | 0.72 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.54 | -0.38 |
Martin ratioReturn relative to average drawdown | 0.46 | 1.70 | -1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXI | MCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.42 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.09 | +0.08 |
Correlation
The correlation between FXI and MCH is 0.93, 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.
Dividends
FXI vs. MCH - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 2.58%, more than MCH's 1.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.58% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
MCH Matthews China Active ETF | 1.89% | 1.76% | 1.31% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXI vs. MCH - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, which is greater than MCH's maximum drawdown of -40.53%. Use the drawdown chart below to compare losses from any high point for FXI and MCH.
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Drawdown Indicators
| FXI | MCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -40.53% | -32.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -17.67% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -26.17% | -13.30% | -12.87% |
Average DrawdownAverage peak-to-trough decline | -31.27% | -19.07% | -12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 5.58% | +0.27% |
Volatility
FXI vs. MCH - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 7.06%, while Matthews China Active ETF (MCH) has a volatility of 7.81%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than MCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | MCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 7.81% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 14.52% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 23.81% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.64% | 29.87% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.70% | 29.87% | -2.17% |