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 -2.55%/yr vs -2.80%/yr for MCHI. Their 0.36 correlation means their historical movements had little consistent relationship. ISVBF charges 0.40%/yr vs 0.59%/yr for MCHI.
Performance
ISVBF vs. MCHI - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -7.08% return, which is significantly lower than MCHI's -6.49% return.
ISVBF
- 1D
- 0.30%
- 1M
- 8.66%
- 6M
- -11.40%
- YTD
- -7.08%
- 1Y
- 0.32%
- 3Y*
- 7.49%
- 5Y*
- -2.55%
- 10Y*
- —
- ALL TIME*
- -4.51%
MCHI
- 1D
- 0.54%
- 1M
- 9.61%
- 6M
- -9.98%
- YTD
- -6.49%
- 1Y
- 0.60%
- 3Y*
- 7.33%
- 5Y*
- -2.80%
- 10Y*
- 4.22%
- ALL TIME*
- 2.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $155.37K | $259.62K | $313.99K | |
| $148.99M | $159.51M | $173.67M |
ISVBF vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -7.08% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
MCHI iShares MSCI China ETF | -6.49% | 31.04% | 17.73% | -11.94% | -23.01% | -21.57% |
Correlation
The correlation between ISVBF and MCHI is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
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 (0.70) 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 | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.04 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.12 | -0.09 | -0.03 |
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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% | -25.35% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -51.41% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.95% | — |
Current DrawdownCurrent decline from peak | -24.69% | -36.24% | +11.55% |
Average DrawdownAverage peak-to-trough decline | -32.58% | -24.67% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.15% | 11.26% | -0.11% |
Volatility
ISVBF vs. MCHI - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 6.84% compared to iShares MSCI China ETF (MCHI) at 5.57%. 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 | 6.84% | 5.57% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 26.50% | 14.73% | +11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 20.62% | +11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.06% | 30.41% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.07% | 27.35% | +2.72% |
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 1.96%.
| 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 | 1.96% | 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 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (6.84%) compared to MCHI (5.57%). In terms of maximum drawdown, ISVBF dropped -53.78% vs MCHI's -62.95%.
On 5-year performance, ISVBF leads with -2.55% vs -2.80% for MCHI. On fees, ISVBF is cheaper at 0.40% per year. On volatility, MCHI has been the lower-risk option at 5.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -2.55% return vs -2.80%. 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 1.96%, 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 (-0.04 vs -0.05), 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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