KBA vs. MCHI
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and iShares MSCI China ETF (MCHI).
KBA and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. 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 KBA 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: KBA or MCHI.
Key characteristics
| KBA | MCHI | |
|---|---|---|
| YTD Return | 21.39% | 22.89% |
| 1Y Return | 17.97% | 18.61% |
| 3Y Return (Ann) | -8.26% | -7.72% |
| 5Y Return (Ann) | 2.84% | -2.16% |
| 10Y Return (Ann) | 3.74% | 2.04% |
| Sharpe Ratio | 0.72 | 0.72 |
| Sortino Ratio | 1.23 | 1.24 |
| Omega Ratio | 1.18 | 1.16 |
| Calmar Ratio | 0.39 | 0.36 |
| Martin Ratio | 2.63 | 2.13 |
| Ulcer Index | 7.37% | 10.19% |
| Daily Std Dev | 27.09% | 30.09% |
| Max Drawdown | -53.24% | -62.84% |
| Current Drawdown | -33.06% | -45.11% |
Correlation
The correlation between KBA and MCHI is 0.72, 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.
Performance
KBA vs. MCHI - Performance Comparison
In the year-to-date period, KBA achieves a 21.39% return, which is significantly lower than MCHI's 22.89% return. Over the past 10 years, KBA has outperformed MCHI with an annualized return of 3.74%, while MCHI has yielded a comparatively lower 2.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KBA vs. MCHI - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
KBA vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) 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
KBA vs. MCHI - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.93%, less than MCHI's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.93% | 2.34% | 26.65% | 9.07% | 0.65% | 1.53% | 3.77% | 0.99% | 4.90% | 29.08% | 0.11% | 0.00% |
MCHI iShares MSCI China ETF | 2.38% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
KBA vs. MCHI - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for KBA and MCHI. For additional features, visit the drawdowns tool.
Volatility
KBA vs. MCHI - Volatility Comparison
KraneShares Bosera MSCI China A Share ETF (KBA) has a higher volatility of 16.31% compared to iShares MSCI China ETF (MCHI) at 15.06%. This indicates that KBA'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.