ISVBF vs. JCHI

Last updated Jun 5, 2026

ISVBF (iShares MSCI China A UCITS ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. ISVBF is passively managed, while JCHI is actively managed. Over the past 3 years, ISVBF returned 9.05%/yr vs 8.99%/yr for JCHI. At a 0.44 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.65%/yr for JCHI.

Performance

ISVBF vs. JCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China A UCITS ETF (ISVBF) and JPMorgan Active China ETF (JCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISVBF achieves a -8.72% return, which is significantly lower than JCHI's 0.50% return.

ISVBF

• 1D: -2.42%
• 1M: -4.76%
• YTD: -8.72%
• 6M: -10.61%
• 1Y: 2.82%
• 3Y*: 9.05%
• 5Y*: -5.62%
• 10Y*: —

JCHI

• 1D: -0.09%
• 1M: -0.31%
• YTD: 0.50%
• 6M: -0.36%
• 1Y: 16.23%
• 3Y*: 8.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISVBF vs. JCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ISVBF iShares MSCI China A UCITS ETF	-8.72%	30.64%	18.96%	-10.54%
JCHI JPMorgan Active China ETF	0.50%	27.66%	13.77%	-17.06%

Correlation

The correlation between ISVBF and JCHI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.44

The correlation between ISVBF and JCHI shifts across timeframes, from 0.44 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ISVBF vs. JCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISVBF

ISVBF Risk / Return Rank: 11
ISVBF Sharpe Ratio Rank: 11
ISVBF Sortino Ratio Rank: 11
ISVBF Omega Ratio Rank: 11
ISVBF Calmar Ratio Rank: 11
ISVBF Martin Ratio Rank: 11

JCHI

JCHI Risk / Return Rank: 25
JCHI Sharpe Ratio Rank: 26
JCHI Sortino Ratio Rank: 26
JCHI Omega Ratio Rank: 26
JCHI Calmar Ratio Rank: 25
JCHI Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISVBF vs. JCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and JPMorgan Active China ETF (JCHI). 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.

	ISVBF	JCHI	Difference
Sharpe ratio: Return per unit of total volatility	0.09	0.93	-0.84
Sortino ratio: Return per unit of downside risk	0.34	1.40	-1.05
Omega ratio: Gain probability vs. loss probability	1.04	1.17	-0.13
Calmar ratio: Return relative to maximum drawdown	0.15	1.13	-0.99
Martin ratio: Return relative to average drawdown	0.34	2.74	-2.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISVBF vs. JCHI - Sharpe Ratio Comparison

The current ISVBF Sharpe Ratio is 0.09, which is lower than the JCHI Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of ISVBF and JCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISVBF	JCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	0.93	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.25	-0.41

Drawdowns

ISVBF vs. JCHI - Drawdown Comparison

The maximum ISVBF drawdown since its inception was -53.78%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for ISVBF and JCHI.

Drawdown Indicators

	ISVBF	JCHI	Difference
Max Drawdown Largest peak-to-trough decline	-53.78%	-29.57%	-24.21%
Max Drawdown (1Y) Largest decline over 1 year	-19.18%	-14.37%	-4.81%
Max Drawdown (3Y) Largest decline over 3 years	-23.77%	-27.47%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-53.22%	—	—
Current Drawdown Current decline from peak	-26.01%	-7.41%	-18.60%
Average Drawdown Average peak-to-trough decline	-32.76%	-13.33%	-19.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.28%	5.93%	+2.35%

Volatility

ISVBF vs. JCHI - Volatility Comparison

iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 11.06% compared to JPMorgan Active China ETF (JCHI) at 6.28%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISVBF	JCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.06%	6.28%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	26.63%	12.32%	+14.31%
Volatility (1Y) Calculated over the trailing 1-year period	30.67%	17.59%	+13.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.21%	24.86%	+5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.21%	24.86%	+5.35%

ISVBF vs. JCHI - Expense Ratio Comparison

ISVBF has a 0.40% expense ratio, which is lower than JCHI's 0.65% expense ratio.

Dividends

ISVBF vs. JCHI - Dividend Comparison

ISVBF has not paid dividends to shareholders, while JCHI's dividend yield for the trailing twelve months is around 1.80%.

Position	TTM	2025	2024	2023
ISVBF iShares MSCI China A UCITS ETF	0.00%	0.00%	0.00%	0.00%
JCHI JPMorgan Active China ETF	1.80%	1.81%	2.12%	2.13%

Frequently Asked Questions

Can I hold both ISVBF and JCHI in my portfolio?

ISVBF and JCHI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISVBF or JCHI?

ISVBF has higher volatility (11.06%) compared to JCHI (6.28%). In terms of maximum drawdown, ISVBF dropped -53.78% vs JCHI's -29.57%.

Which ETF is better, ISVBF or JCHI?

On 3-year performance, ISVBF leads with 9.05% vs 8.99% for JCHI. On fees, ISVBF is cheaper at 0.40% per year. On volatility, JCHI has been the lower-risk option at 6.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISVBF or JCHI?

Over the 3-year period, ISVBF has performed better with a 9.05% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISVBF or JCHI?

ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for JCHI.

Which ETF pays a higher dividend yield, ISVBF or JCHI?

JCHI has the higher dividend yield at 1.80%, compared with 0.00% for ISVBF.

What is the main difference between ISVBF and JCHI?

They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.40% for ISVBF and 0.65% for JCHI.

Which has better risk-adjusted returns?

JCHI currently has the higher Sharpe Ratio (0.93 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.