MCHI vs. IEMG
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and iShares Core MSCI Emerging Markets ETF (IEMG).
MCHI and IEMG 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both MCHI and IEMG 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 IEMG.
Performance
MCHI vs. IEMG - Performance Comparison
Returns By Period
In the year-to-date period, MCHI achieves a 16.80% return, which is significantly higher than IEMG's 7.27% return. Over the past 10 years, MCHI has underperformed IEMG with an annualized return of 1.60%, while IEMG has yielded a comparatively higher 3.48% annualized return.
MCHI
16.80%
-4.67%
0.31%
12.79%
-2.65%
1.60%
IEMG
7.27%
-5.70%
-1.26%
12.36%
3.55%
3.48%
Key characteristics
| MCHI | IEMG | |
|---|---|---|
| Sharpe Ratio | 0.28 | 0.76 |
| Sortino Ratio | 0.64 | 1.15 |
| Omega Ratio | 1.08 | 1.14 |
| Calmar Ratio | 0.14 | 0.45 |
| Martin Ratio | 0.85 | 3.77 |
| Ulcer Index | 10.22% | 3.02% |
| Daily Std Dev | 31.19% | 15.04% |
| Max Drawdown | -62.84% | -38.72% |
| Current Drawdown | -47.83% | -15.04% |
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MCHI vs. IEMG - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is higher than IEMG's 0.14% expense ratio.
Correlation
The correlation between MCHI and IEMG is 0.86, 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. IEMG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and iShares Core MSCI Emerging Markets ETF (IEMG). 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. IEMG - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 2.50%, less than IEMG's 2.77% 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% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.77% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
Drawdowns
MCHI vs. IEMG - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.84%, which is greater than IEMG's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for MCHI and IEMG. For additional features, visit the drawdowns tool.
Volatility
MCHI vs. IEMG - Volatility Comparison
iShares MSCI China ETF (MCHI) has a higher volatility of 10.81% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 4.55%. This indicates that MCHI's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.