MCHI vs. CNYA
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and iShares MSCI China A ETF (CNYA).
MCHI and CNYA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. Both MCHI and CNYA 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: MCHI or CNYA.
Performance
MCHI vs. CNYA - Performance Comparison
Returns By Period
In the year-to-date period, MCHI achieves a 16.80% return, which is significantly higher than CNYA's 13.42% return.
MCHI
16.80%
-4.67%
0.31%
12.79%
-2.65%
1.60%
CNYA
13.42%
-0.78%
6.65%
10.29%
2.14%
N/A
Key characteristics
| MCHI | CNYA | |
|---|---|---|
| Sharpe Ratio | 0.28 | 0.30 |
| Sortino Ratio | 0.64 | 0.66 |
| Omega Ratio | 1.08 | 1.10 |
| Calmar Ratio | 0.14 | 0.19 |
| Martin Ratio | 0.85 | 0.99 |
| Ulcer Index | 10.22% | 9.53% |
| Daily Std Dev | 31.19% | 31.78% |
| Max Drawdown | -62.84% | -49.49% |
| Current Drawdown | -47.83% | -35.88% |
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MCHI vs. CNYA - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Correlation
The correlation between MCHI and CNYA is 0.73, 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.
Risk-Adjusted Performance
MCHI vs. CNYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and iShares MSCI China A ETF (CNYA). 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
MCHI vs. CNYA - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 2.50%, less than CNYA's 3.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | 2.50% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
CNYA iShares MSCI China A ETF | 3.79% | 4.23% | 2.69% | 1.11% | 1.05% | 1.21% | 3.92% | 0.98% | 1.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
MCHI vs. CNYA - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.84%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for MCHI and CNYA. For additional features, visit the drawdowns tool.
Volatility
MCHI vs. CNYA - Volatility Comparison
The current volatility for iShares MSCI China ETF (MCHI) is 10.81%, while iShares MSCI China A ETF (CNYA) has a volatility of 11.44%. This indicates that MCHI experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.