MCHI vs. GXC
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and SPDR S&P China ETF (GXC).
MCHI and GXC 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. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007. Both MCHI and GXC 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 GXC.
Key characteristics
| MCHI | GXC | |
|---|---|---|
| YTD Return | 9.16% | 6.77% |
| 1Y Return | -1.24% | -2.61% |
| 3Y Return (Ann) | -16.65% | -15.80% |
| 5Y Return (Ann) | -5.51% | -4.89% |
| 10Y Return (Ann) | 2.06% | 2.43% |
| Sharpe Ratio | -0.06 | -0.12 |
| Daily Std Dev | 25.52% | 23.74% |
| Max Drawdown | -62.84% | -72.16% |
| Current Drawdown | -51.25% | -49.66% |
Correlation
The correlation between MCHI and GXC is 0.98, 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. GXC - Performance Comparison
In the year-to-date period, MCHI achieves a 9.16% return, which is significantly higher than GXC's 6.77% return. Over the past 10 years, MCHI has underperformed GXC with an annualized return of 2.06%, while GXC has yielded a comparatively higher 2.43% 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. GXC - Expense Ratio Comparison
Both MCHI and GXC have an expense ratio of 0.59%.
Risk-Adjusted Performance
MCHI vs. GXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and SPDR S&P China ETF (GXC). 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. GXC - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 3.20%, less than GXC's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | 3.20% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
GXC SPDR S&P China ETF | 3.47% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
Drawdowns
MCHI vs. GXC - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.84%, smaller than the maximum GXC drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for MCHI and GXC. For additional features, visit the drawdowns tool.
Volatility
MCHI vs. GXC - Volatility Comparison
iShares MSCI China ETF (MCHI) has a higher volatility of 7.77% compared to SPDR S&P China ETF (GXC) at 7.01%. This indicates that MCHI's price experiences larger fluctuations and is considered to be riskier than GXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.