INDA vs. MCHI
Compare and contrast key facts about iShares MSCI India ETF (INDA) and iShares MSCI China ETF (MCHI).
INDA and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 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 INDA 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: INDA or MCHI.
Performance
INDA vs. MCHI - Performance Comparison
Returns By Period
In the year-to-date period, INDA achieves a 8.63% return, which is significantly lower than MCHI's 16.80% return. Over the past 10 years, INDA has outperformed MCHI with an annualized return of 6.51%, while MCHI has yielded a comparatively lower 1.60% annualized return.
INDA
8.63%
-7.06%
0.09%
17.87%
10.72%
6.51%
MCHI
16.80%
-4.67%
0.31%
12.79%
-2.65%
1.60%
Key characteristics
| INDA | MCHI | |
|---|---|---|
| Sharpe Ratio | 1.28 | 0.28 |
| Sortino Ratio | 1.68 | 0.64 |
| Omega Ratio | 1.25 | 1.08 |
| Calmar Ratio | 1.72 | 0.14 |
| Martin Ratio | 6.60 | 0.85 |
| Ulcer Index | 2.72% | 10.22% |
| Daily Std Dev | 14.05% | 31.19% |
| Max Drawdown | -45.06% | -62.84% |
| Current Drawdown | -10.44% | -47.83% |
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INDA vs. MCHI - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Correlation
The correlation between INDA and MCHI is 0.51, 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.
Risk-Adjusted Performance
INDA vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) 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
INDA vs. MCHI - Dividend Comparison
INDA has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.16% | 0.00% | 6.44% | 0.27% | 1.00% | 0.94% | 1.09% | 0.91% | 1.19% | 0.63% | 0.40% |
MCHI iShares MSCI China ETF | 2.50% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
INDA vs. MCHI - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.06%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for INDA and MCHI. For additional features, visit the drawdowns tool.
Volatility
INDA vs. MCHI - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 3.19%, while iShares MSCI China ETF (MCHI) has a volatility of 10.81%. This indicates that INDA 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.