MCHI vs. FXP
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and ProShares UltraShort FTSE China 50 (FXP).
MCHI and FXP 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. FXP is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-200%). It was launched on Nov 8, 2007. Both MCHI and FXP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MCHI vs. FXP - Performance Comparison
Loading graphics...
MCHI vs. FXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | -7.04% | 31.04% | 17.73% | -11.94% | -23.01% | -21.74% | 27.78% | 23.72% | -19.79% | 54.67% |
FXP ProShares UltraShort FTSE China 50 | 14.70% | -45.32% | -52.46% | 12.74% | -11.73% | 23.56% | -39.47% | -29.01% | 12.45% | -49.76% |
Returns By Period
In the year-to-date period, MCHI achieves a -7.04% return, which is significantly lower than FXP's 14.70% return. Over the past 10 years, MCHI has outperformed FXP with an annualized return of 4.71%, while FXP has yielded a comparatively lower -23.47% annualized return.
MCHI
- 1D
- -0.29%
- 1M
- -1.86%
- YTD
- -7.04%
- 6M
- -15.63%
- 1Y
- 5.39%
- 3Y*
- 6.34%
- 5Y*
- -5.77%
- 10Y*
- 4.71%
FXP
- 1D
- 0.84%
- 1M
- 2.71%
- YTD
- 14.70%
- 6M
- 32.30%
- 1Y
- -11.95%
- 3Y*
- -27.35%
- 5Y*
- -16.29%
- 10Y*
- -23.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MCHI vs. FXP - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is lower than FXP's 0.95% expense ratio.
Return for Risk
MCHI vs. FXP — Risk / Return Rank
MCHI
FXP
MCHI vs. FXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and ProShares UltraShort FTSE China 50 (FXP). 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.
| MCHI | FXP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | -0.25 | +0.48 |
Sortino ratioReturn per unit of downside risk | 0.47 | -0.04 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.06 | 0.99 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.21 | +0.48 |
Martin ratioReturn relative to average drawdown | 0.70 | -0.26 | +0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MCHI | FXP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | -0.25 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.26 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | -0.43 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.44 | +0.54 |
Correlation
The correlation between MCHI and FXP is -0.96. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MCHI vs. FXP - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 2.28%, less than FXP's 4.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | 2.28% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
FXP ProShares UltraShort FTSE China 50 | 4.08% | 9.57% | 3.55% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
MCHI vs. FXP - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.95%, smaller than the maximum FXP drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for MCHI and FXP.
Loading graphics...
Drawdown Indicators
| MCHI | FXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.95% | -99.94% | +36.99% |
Max Drawdown (1Y)Largest decline over 1 year | -17.17% | -52.42% | +35.25% |
Max Drawdown (5Y)Largest decline over 5 years | -57.18% | -87.85% | +30.67% |
Max Drawdown (10Y)Largest decline over 10 years | -62.95% | -95.29% | +32.34% |
Current DrawdownCurrent decline from peak | -36.61% | -99.92% | +63.31% |
Average DrawdownAverage peak-to-trough decline | -24.41% | -94.10% | +69.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 42.60% | -35.97% |
Volatility
MCHI vs. FXP - Volatility Comparison
The current volatility for iShares MSCI China ETF (MCHI) is 6.81%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 13.36%. This indicates that MCHI experiences smaller price fluctuations and is considered to be less risky than FXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MCHI | FXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 13.36% | -6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 28.87% | -14.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 47.75% | -23.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 63.00% | -32.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.38% | 54.94% | -27.56% |