ISVBF vs. MCHI
ISVBF (iShares MSCI China A UCITS ETF) and MCHI (iShares MSCI China ETF) are both China Equities funds from iShares - ISVBF tracks the MSCI China A Inclusion Index while MCHI tracks the MSCI China Index. Both are passively managed. Over the past 5 years, ISVBF returned -6.00%/yr vs -5.74%/yr for MCHI. At a 0.36 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.59%/yr for MCHI.
Performance
ISVBF vs. MCHI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ISVBF having a -11.89% return and MCHI slightly lower at -11.97%.
ISVBF
- 1D
- -1.30%
- 1M
- -3.57%
- 6M
- -17.04%
- YTD
- -11.89%
- 1Y
- -2.60%
- 3Y*
- 7.37%
- 5Y*
- -6.00%
- 10Y*
- —
MCHI
- 1D
- -1.13%
- 1M
- -3.56%
- 6M
- -17.71%
- YTD
- -11.97%
- 1Y
- -2.59%
- 3Y*
- 6.72%
- 5Y*
- -5.74%
- 10Y*
- 3.59%
ISVBF vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -11.89% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
MCHI iShares MSCI China ETF | -11.97% | 31.04% | 17.73% | -11.94% | -23.01% | -21.57% |
Correlation
The correlation between ISVBF and MCHI is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.36 |
Over the past year, ISVBF and MCHI have become more correlated (0.69) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. MCHI — Risk / Return Rank
ISVBF
MCHI
ISVBF vs. MCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISVBF | MCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.11 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.25 | -0.25 | 0.00 |
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Drawdowns
ISVBF vs. MCHI - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for ISVBF and MCHI.
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Drawdown Indicators
| ISVBF | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -62.95% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -24.14% | -23.22% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -25.85% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -54.50% | +1.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.95% | — |
Current DrawdownCurrent decline from peak | -28.59% | -39.97% | +11.38% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -24.62% | -8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.37% | 10.47% | -0.10% |
Volatility
ISVBF vs. MCHI - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 7.77% compared to iShares MSCI China ETF (MCHI) at 5.47%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 5.47% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 27.10% | 14.72% | +12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.44% | 20.46% | +10.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.44% | 30.69% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 27.33% | +2.80% |
ISVBF vs. MCHI - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Dividends
ISVBF vs. MCHI - Dividend Comparison
ISVBF has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.09% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Frequently Asked Questions
ISVBF and MCHI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.77%) compared to MCHI (5.47%). In terms of maximum drawdown, ISVBF dropped -53.78% vs MCHI's -62.95%.
On 5-year performance, MCHI leads with -5.74% vs -6.00% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, MCHI has been the lower-risk option at 5.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MCHI has performed better with a -5.74% return vs -6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.59% for MCHI.
MCHI has the higher dividend yield at 2.09%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while MCHI tracks MSCI China Index. Their fees differ too: 0.40% for ISVBF and 0.59% for MCHI.
ISVBF currently has the higher Sharpe Ratio (-0.08 vs -0.13), 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.
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