MCHI vs. EWH
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and iShares MSCI Hong Kong ETF (EWH).
MCHI and EWH 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. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong Index. It was launched on Mar 12, 1996. Both MCHI and EWH 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 EWH.
Key characteristics
| MCHI | EWH | |
|---|---|---|
| YTD Return | 9.89% | -2.71% |
| 1Y Return | -2.23% | -14.58% |
| 3Y Return (Ann) | -16.13% | -11.92% |
| 5Y Return (Ann) | -5.38% | -6.27% |
| 10Y Return (Ann) | 2.13% | 1.32% |
| Sharpe Ratio | -0.02 | -0.69 |
| Daily Std Dev | 25.53% | 20.23% |
| Max Drawdown | -62.84% | -66.43% |
| Current Drawdown | -50.92% | -33.92% |
Correlation
The correlation between MCHI and EWH is 0.78, 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
MCHI vs. EWH - Performance Comparison
In the year-to-date period, MCHI achieves a 9.89% return, which is significantly higher than EWH's -2.71% return. Over the past 10 years, MCHI has outperformed EWH with an annualized return of 2.13%, while EWH has yielded a comparatively lower 1.32% 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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MCHI vs. EWH - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is higher than EWH's 0.49% expense ratio.
Risk-Adjusted Performance
MCHI vs. EWH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and iShares MSCI Hong Kong ETF (EWH). 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. EWH - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 3.18%, less than EWH's 4.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | 3.18% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
EWH iShares MSCI Hong Kong ETF | 4.39% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% | 3.52% | 2.96% |
Drawdowns
MCHI vs. EWH - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.84%, smaller than the maximum EWH drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for MCHI and EWH. For additional features, visit the drawdowns tool.
Volatility
MCHI vs. EWH - Volatility Comparison
iShares MSCI China ETF (MCHI) and iShares MSCI Hong Kong ETF (EWH) have volatilities of 7.72% and 7.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.