MCHI vs. KWEB
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and KraneShares CSI China Internet ETF (KWEB).
MCHI and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both MCHI and KWEB 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 KWEB.
Key characteristics
| MCHI | KWEB | |
|---|---|---|
| YTD Return | 9.16% | 11.74% |
| 1Y Return | -1.24% | 14.21% |
| 3Y Return (Ann) | -16.65% | -23.79% |
| 5Y Return (Ann) | -5.51% | -7.82% |
| 10Y Return (Ann) | 2.06% | 0.54% |
| Sharpe Ratio | -0.06 | 0.39 |
| Daily Std Dev | 25.52% | 35.85% |
| Max Drawdown | -62.84% | -80.92% |
| Current Drawdown | -51.25% | -68.20% |
Correlation
The correlation between MCHI and KWEB is 0.84, 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. KWEB - Performance Comparison
In the year-to-date period, MCHI achieves a 9.16% return, which is significantly lower than KWEB's 11.74% return. Over the past 10 years, MCHI has outperformed KWEB with an annualized return of 2.06%, while KWEB has yielded a comparatively lower 0.54% 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. KWEB - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
MCHI vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and KraneShares CSI China Internet ETF (KWEB). 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. KWEB - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 3.20%, more than KWEB's 1.53% 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% |
KWEB KraneShares CSI China Internet ETF | 1.53% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
MCHI vs. KWEB - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.84%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for MCHI and KWEB. For additional features, visit the drawdowns tool.
Volatility
MCHI vs. KWEB - Volatility Comparison
The current volatility for iShares MSCI China ETF (MCHI) is 7.77%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 11.41%. This indicates that MCHI experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.