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KTEC vs. MCHI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KTEC vs. MCHI

Last updated Aug 2, 2026
Documentation

KTEC (KraneShares Hang Seng TECH Index ETF) and MCHI (iShares MSCI China ETF) are both China Equities funds - KTEC tracks the Hang Seng Tech Index while MCHI tracks the MSCI China Index. Both are passively managed. Over the past 5 years, KTEC returned -7.23%/yr vs -2.80%/yr for MCHI. Their correlation of 0.93 means they have usually moved in the same direction. KTEC charges 0.69%/yr vs 0.59%/yr for MCHI.

Performance

KTEC vs. MCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Hang Seng TECH Index ETF (KTEC) and iShares MSCI China ETF (MCHI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KTEC achieves a -12.58% return, which is significantly lower than MCHI's -6.49% return.

KTEC

1D
0.81%
1M
10.40%
6M
-14.54%
YTD
-12.58%
1Y
-11.77%
3Y*
0.64%
5Y*
-7.23%
10Y*
—
ALL TIME*
-10.38%

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

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

KTEC

KraneShares Hang Seng TECH Index ETF
$941.66K$1.10M$1.04M

MCHI

iShares MSCI China ETF
$148.99M$159.51M$173.67M

KTEC vs. MCHI - Yearly Performance Comparison

2026 (YTD)20252024202320222021
KTEC
KraneShares Hang Seng TECH Index ETF		-12.58%21.01%16.13%-10.41%-26.12%-29.98%
MCHI
iShares MSCI China ETF		-6.49%31.04%17.73%-11.94%-23.01%-22.23%

Correlation

The correlation between KTEC and MCHI is 0.92, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.92

Correlation (3Y)
Balances recent behavior with more history.

0.93

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.93

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2021

0.93

The correlation between KTEC and MCHI has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

KTEC vs. MCHI - Sectors Allocation Comparison

Sectors
KTEC
MCHI

Consumer Cyclical

43.0%
22.4%

Communication Services

30.4%
19.3%

Technology

24.7%
13.9%

Industrials

8.6%
5.4%

Healthcare

1.9%
5.3%

Basic Materials

-

5.1%

Consumer Defensive

-

2.9%

Energy

-

3.4%

Financial Services

-

19.2%

Real Estate

-

1.5%

Utilities

-

1.6%

Consumer Cyclical

KTEC
43.0%
MCHI
22.4%

Communication Services

KTEC
30.4%
MCHI
19.3%

Technology

KTEC
24.7%
MCHI
13.9%

Industrials

KTEC
8.6%
MCHI
5.4%

Healthcare

KTEC
1.9%
MCHI
5.3%

Basic Materials

KTEC

-

MCHI
5.1%

Consumer Defensive

KTEC

-

MCHI
2.9%

Energy

KTEC

-

MCHI
3.4%

Financial Services

KTEC

-

MCHI
19.2%

Real Estate

KTEC

-

MCHI
1.5%

Utilities

KTEC

-

MCHI
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares Hang Seng TECH Index ETF

iShares MSCI China ETF

Often compared with KTEC:
KTEC vs. KWEBKTEC vs. ^HSIKTEC vs. TCHIKTEC vs. HSTE.LKTEC vs. FDVKTEC vs. WEXKTEC vs. OBOR
Often compared with MCHI:
MCHI vs. FXIMCHI vs. KWEBMCHI vs. CQQQMCHI vs. GXCMCHI vs. ASHRMCHI vs. FLCHMCHI vs. CNYA

Return for Risk

KTEC vs. MCHI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KTEC
KTEC Risk / Return Rank: 66
Overall Rank
KTEC Sharpe Ratio Rank: 55
Sharpe Ratio Rank
KTEC Sortino Ratio Rank: 55
Sortino Ratio Rank
KTEC Omega Ratio Rank: 55
Omega Ratio Rank
KTEC Calmar Ratio Rank: 66
Calmar Ratio Rank
KTEC Martin Ratio Rank: 66
Martin Ratio Rank
MCHI
MCHI Risk / Return Rank: 1010
Overall Rank
MCHI Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
MCHI Sortino Ratio Rank: 1010
Sortino Ratio Rank
MCHI Omega Ratio Rank: 1010
Omega Ratio Rank
MCHI Calmar Ratio Rank: 1010
Calmar Ratio Rank
MCHI Martin Ratio Rank: 1010
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KTEC vs. MCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) 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.

KTECMCHIDifference
Sharpe ratioReturn per unit of total volatility
-0.49
-0.05

-0.44

Sortino ratioReturn per unit of downside risk
-0.54
0.08

-0.62

Omega ratioGain probability vs. loss probability

0.94

1.01

-0.07

Calmar ratioReturn relative to maximum drawdown

-0.38

-0.04

-0.33

Martin ratioReturn relative to average drawdown

-0.67

-0.09

-0.58

KTEC vs. MCHI - Sharpe Ratio Comparison

The current KTEC Sharpe Ratio is -0.49, which is lower than the MCHI Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of KTEC and MCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KTEC vs. MCHI - Drawdown Comparison

The maximum KTEC drawdown since its inception was -66.90%, which is greater than MCHI's maximum drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for KTEC and MCHI.

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Drawdown Indicators

KTECMCHIDifference

Max Drawdown

Largest peak-to-trough decline

-66.90%

-62.95%

-3.95%

Max Drawdown (1Y)

Largest decline over 1 year

-36.49%

-23.22%

-13.27%

Max Drawdown (3Y)

Largest decline over 3 years

-36.49%

-25.35%

-11.14%

Max Drawdown (5Y)

Largest decline over 5 years

-60.08%

-51.41%

-8.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-62.95%

—

Current Drawdown

Current decline from peak

-44.83%

-36.24%

-8.59%

Average Drawdown

Average peak-to-trough decline

-44.05%

-24.67%

-19.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.47%

11.26%

+9.21%

Volatility

KTEC vs. MCHI - Volatility Comparison

KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 7.27% compared to iShares MSCI China ETF (MCHI) at 5.57%. This indicates that KTEC'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

KTECMCHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.27%

5.57%

+1.70%

Volatility (6M)

Calculated over the trailing 6-month period

20.32%

14.73%

+5.59%

Volatility (1Y)

Calculated over the trailing 1-year period

28.20%

20.62%

+7.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.63%

30.41%

+12.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.75%

27.35%

+15.40%

KTEC vs. MCHI - Expense Ratio Comparison

KTEC has a 0.69% expense ratio, which is higher than MCHI's 0.59% expense ratio.

Dividends

KTEC vs. MCHI - Dividend Comparison

KTEC's dividend yield for the trailing twelve months is around 3.84%, more than MCHI's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
KTEC
KraneShares Hang Seng TECH Index ETF		3.84%3.36%0.27%0.81%0.16%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

With a correlation of 0.92, KTEC and MCHI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

KTEC has higher volatility (7.27%) compared to MCHI (5.57%). In terms of maximum drawdown, KTEC dropped -66.90% vs MCHI's -62.95%.

On 5-year performance, MCHI leads with -2.80% vs -7.23% for KTEC. On fees, MCHI is cheaper at 0.59% 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, MCHI has performed better with a -2.80% return vs -7.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MCHI is cheaper with a 0.59% expense ratio, compared with 0.69% for KTEC.

KTEC has the higher dividend yield at 3.84%, compared with 1.96% for MCHI.

KTEC tracks Hang Seng Tech Index, while MCHI tracks MSCI China Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 0.69% for KTEC and 0.59% for MCHI.

MCHI currently has the higher Sharpe Ratio (-0.05 vs -0.49), 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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