KWEB vs. MCHI
Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB) and iShares MSCI China ETF (MCHI).
KWEB and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. 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 KWEB 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: KWEB or MCHI.
Key characteristics
| KWEB | MCHI | |
|---|---|---|
| YTD Return | 6.33% | 4.98% |
| 1Y Return | 4.45% | -7.30% |
| 3Y Return (Ann) | -25.37% | -17.84% |
| 5Y Return (Ann) | -8.40% | -5.91% |
| 10Y Return (Ann) | 0.08% | 1.57% |
| Sharpe Ratio | 0.16 | -0.27 |
| Daily Std Dev | 35.11% | 24.95% |
| Max Drawdown | -80.92% | -62.84% |
| Current Drawdown | -69.74% | -53.11% |
Correlation
The correlation between KWEB and MCHI is 0.84, 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
KWEB vs. MCHI - Performance Comparison
In the year-to-date period, KWEB achieves a 6.33% return, which is significantly higher than MCHI's 4.98% return. Over the past 10 years, KWEB has underperformed MCHI with an annualized return of 0.08%, while MCHI has yielded a comparatively higher 1.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KWEB vs. MCHI - Expense Ratio Comparison
KWEB has a 0.76% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
KWEB vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) 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
KWEB vs. MCHI - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 1.61%, less than MCHI's 3.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 1.61% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
MCHI iShares MSCI China ETF | 3.33% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
KWEB vs. MCHI - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for KWEB and MCHI. For additional features, visit the drawdowns tool.
Volatility
KWEB vs. MCHI - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 8.31% compared to iShares MSCI China ETF (MCHI) at 5.51%. This indicates that KWEB'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.