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MCHI vs. KSTR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MCHI vs. KSTR

Last updated Aug 5, 2026
Documentation

MCHI (iShares MSCI China ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds - MCHI tracks the MSCI China Index while KSTR tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. Over the past 5 years, MCHI returned -2.78%/yr vs -2.88%/yr for KSTR. Their 0.53 correlation means they have sometimes moved together and sometimes differently. MCHI charges 0.59%/yr vs 0.89%/yr for KSTR.

Performance

MCHI vs. KSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China ETF (MCHI) and KraneShares SSE STAR Market 50 Index ETF (KSTR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MCHI achieves a -6.01% return, which is significantly lower than KSTR's 27.19% return.

MCHI

1D
0.34%
1M
10.17%
6M
-7.55%
YTD
-6.01%
1Y
-0.55%
3Y*
8.08%
5Y*
-2.78%
10Y*
4.06%
ALL TIME*
2.52%

KSTR

1D
4.60%
1M
-16.03%
6M
15.46%
YTD
27.19%
1Y
65.41%
3Y*
18.39%
5Y*
-2.88%
10Y*
—
ALL TIME*
-0.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

KSTR

KraneShares SSE STAR Market 50 Index ETF
$30.69M$26.02M$20.24M

MCHI

iShares MSCI China ETF
$131.82M$143.06M$173.02M

MCHI vs. KSTR - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MCHI
iShares MSCI China ETF		-6.01%31.04%17.73%-11.94%-23.01%-31.16%
KSTR
KraneShares SSE STAR Market 50 Index ETF		27.19%42.82%6.12%-17.93%-38.51%-2.01%

Correlation

The correlation between MCHI and KSTR is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.51

Correlation (3Y)
Balances recent behavior with more history.

0.57

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.52

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2021

0.53

The correlation between MCHI and KSTR has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

MCHI vs. KSTR - Sectors Allocation Comparison

Sectors
MCHI
KSTR

Consumer Cyclical

22.4%
0.7%

Communication Services

19.3%

-

Financial Services

19.2%

-

Technology

13.9%
82.1%

Industrials

5.4%
3.3%

Healthcare

5.3%
3.7%

Basic Materials

5.1%
1.7%

Energy

3.4%
0.9%

Consumer Defensive

2.9%

-

Utilities

1.6%

-

Real Estate

1.5%

-

Consumer Cyclical

MCHI
22.4%
KSTR
0.7%

Communication Services

MCHI
19.3%
KSTR

-

Financial Services

MCHI
19.2%
KSTR

-

Technology

MCHI
13.9%
KSTR
82.1%

Industrials

MCHI
5.4%
KSTR
3.3%

Healthcare

MCHI
5.3%
KSTR
3.7%

Basic Materials

MCHI
5.1%
KSTR
1.7%

Energy

MCHI
3.4%
KSTR
0.9%

Consumer Defensive

MCHI
2.9%
KSTR

-

Utilities

MCHI
1.6%
KSTR

-

Real Estate

MCHI
1.5%
KSTR

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI China ETF

KraneShares SSE STAR Market 50 Index ETF

Often compared with MCHI:
MCHI vs. FXIMCHI vs. KWEBMCHI vs. CQQQMCHI vs. GXCMCHI vs. ASHRMCHI vs. FLCHMCHI vs. CNYA
Often compared with KSTR:
KSTR vs. CNXTKSTR vs. CQQQKSTR vs. CWEBKSTR vs. VOOKSTR vs. KTECKSTR vs. GXCKSTR vs. QQQM

Return for Risk

MCHI vs. KSTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MCHI
MCHI Risk / Return Rank: 1010
Overall Rank
MCHI Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
MCHI Sortino Ratio Rank: 1010
Sortino Ratio Rank
MCHI Omega Ratio Rank: 1010
Omega Ratio Rank
MCHI Calmar Ratio Rank: 1010
Calmar Ratio Rank
MCHI Martin Ratio Rank: 1010
Martin Ratio Rank
KSTR
KSTR Risk / Return Rank: 5454
Overall Rank
KSTR Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
KSTR Sortino Ratio Rank: 5353
Sortino Ratio Rank
KSTR Omega Ratio Rank: 5454
Omega Ratio Rank
KSTR Calmar Ratio Rank: 5454
Calmar Ratio Rank
KSTR Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MCHI vs. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and KraneShares SSE STAR Market 50 Index ETF (KSTR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

MCHIKSTRDifference
Sharpe ratioReturn per unit of total volatility
-0.03
1.48

-1.51

Sortino ratioReturn per unit of downside risk
0.11
2.11

-2.00

Omega ratioGain probability vs. loss probability

1.01

1.27

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.02

2.19

-2.21

Martin ratioReturn relative to average drawdown

-0.05

7.07

-7.12

MCHI vs. KSTR - Sharpe Ratio Comparison

The current MCHI Sharpe Ratio is -0.03, which is lower than the KSTR Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of MCHI and KSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MCHI vs. KSTR - Drawdown Comparison

The maximum MCHI drawdown since its inception was -62.95%, smaller than the maximum KSTR drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for MCHI and KSTR.

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Drawdown Indicators

MCHIKSTRDifference

Max Drawdown

Largest peak-to-trough decline

-62.95%

-66.46%

+3.51%

Max Drawdown (1Y)

Largest decline over 1 year

-23.22%

-30.05%

+6.83%

Max Drawdown (3Y)

Largest decline over 3 years

-25.35%

-41.55%

+16.20%

Max Drawdown (5Y)

Largest decline over 5 years

-51.41%

-65.86%

+14.45%

Max Drawdown (10Y)

Largest decline over 10 years

-62.95%

—

—

Current Drawdown

Current decline from peak

-35.91%

-26.83%

-9.08%

Average Drawdown

Average peak-to-trough decline

-24.68%

-37.97%

+13.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.34%

9.28%

+2.06%

Volatility

MCHI vs. KSTR - Volatility Comparison

The current volatility for iShares MSCI China ETF (MCHI) is 5.01%, while KraneShares SSE STAR Market 50 Index ETF (KSTR) has a volatility of 20.78%. This indicates that MCHI experiences smaller price fluctuations and is considered to be less risky than KSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MCHIKSTRDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.01%

20.78%

-15.77%

Volatility (6M)

Calculated over the trailing 6-month period

14.41%

36.50%

-22.09%

Volatility (1Y)

Calculated over the trailing 1-year period

20.55%

44.32%

-23.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.40%

39.91%

-9.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.35%

38.91%

-11.56%

MCHI vs. KSTR - Expense Ratio Comparison

MCHI has a 0.59% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

MCHI vs. KSTR - Dividend Comparison

MCHI's dividend yield for the trailing twelve months is around 1.95%, while KSTR has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
KSTR
KraneShares SSE STAR Market 50 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MCHI
iShares MSCI China ETF		1.95%2.12%2.31%2.66%1.78%1.04%1.04%1.45%1.60%1.56%1.66%2.76%

Frequently Asked Questions

MCHI and KSTR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KSTR has higher volatility (20.78%) compared to MCHI (5.01%). In terms of maximum drawdown, MCHI dropped -62.95% vs KSTR's -66.46%.

On 5-year performance, MCHI leads with -2.78% vs -2.88% for KSTR. On fees, MCHI is cheaper at 0.59% per year. On volatility, MCHI has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MCHI has performed better with a -2.78% return vs -2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MCHI is cheaper with a 0.59% expense ratio, compared with 0.89% for KSTR.

MCHI has the higher dividend yield at 1.95%, compared with 0.00% for KSTR.

MCHI tracks MSCI China Index, while KSTR tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.59% for MCHI and 0.89% for KSTR.

KSTR currently has the higher Sharpe Ratio (1.48 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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