MCHI vs. TME

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI China ETF (MCHI) and Tencent Music Entertainment Group (TME).

MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011.

Performance

MCHI vs. TME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China ETF (MCHI) and Tencent Music Entertainment Group (TME). The values are adjusted to include any dividend payments, if applicable.

MCHI vs. TME - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MCHI iShares MSCI China ETF	-7.04%	31.04%	17.73%	-11.94%	-23.01%	-21.74%	27.78%	23.72%	-5.31%
TME Tencent Music Entertainment Group	-46.29%	56.39%	27.12%	8.82%	20.88%	-64.40%	63.88%	-11.20%	-5.57%

Returns By Period

In the year-to-date period, MCHI achieves a -7.04% return, which is significantly higher than TME's -46.29% 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%

TME

• 1D: 2.46%
• 1M: -33.74%
• YTD: -46.29%
• 6M: -58.97%
• 1Y: -34.11%
• 3Y*: 6.12%
• 5Y*: -13.71%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MCHI vs. TME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCHI

MCHI Risk / Return Rank: 16
MCHI Sharpe Ratio Rank: 17
MCHI Sortino Ratio Rank: 17
MCHI Omega Ratio Rank: 17
MCHI Calmar Ratio Rank: 15
MCHI Martin Ratio Rank: 15

TME

TME Risk / Return Rank: 15
TME Sharpe Ratio Rank: 12
TME Sortino Ratio Rank: 14
TME Omega Ratio Rank: 13
TME Calmar Ratio Rank: 22
TME Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCHI vs. TME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) and Tencent Music Entertainment Group (TME). 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	TME	Difference
Sharpe ratio Return per unit of total volatility	0.23	-0.68	+0.90
Sortino ratio Return per unit of downside risk	0.47	-0.72	+1.19
Omega ratio Gain probability vs. loss probability	1.06	0.89	+0.17
Calmar ratio Return relative to maximum drawdown	0.27	-0.52	+0.79
Martin ratio Return relative to average drawdown	0.70	-1.29	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCHI vs. TME - Sharpe Ratio Comparison

The current MCHI Sharpe Ratio is 0.23, which is higher than the TME Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of MCHI and TME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MCHI	TME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	-0.68	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	-0.23	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	-0.09	+0.18

Correlation

The correlation between MCHI and TME is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MCHI vs. TME - Dividend Comparison

MCHI's dividend yield for the trailing twelve months is around 2.28%, less than TME's 4.58% 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%
TME Tencent Music Entertainment Group	4.58%	1.03%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MCHI vs. TME - Drawdown Comparison

The maximum MCHI drawdown since its inception was -62.95%, smaller than the maximum TME drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for MCHI and TME.

Drawdown Indicators

	MCHI	TME	Difference
Max Drawdown Largest peak-to-trough decline	-62.95%	-90.19%	+27.24%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-65.14%	+47.97%
Max Drawdown (5Y) Largest decline over 5 years	-57.18%	-84.52%	+27.34%
Max Drawdown (10Y) Largest decline over 10 years	-62.95%	—	—
Current Drawdown Current decline from peak	-36.61%	-69.73%	+33.12%
Average Drawdown Average peak-to-trough decline	-24.41%	-51.57%	+27.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.63%	26.34%	-19.71%

Volatility

MCHI vs. TME - Volatility Comparison

The current volatility for iShares MSCI China ETF (MCHI) is 6.81%, while Tencent Music Entertainment Group (TME) has a volatility of 31.57%. This indicates that MCHI experiences smaller price fluctuations and is considered to be less risky than TME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCHI	TME	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	31.57%	-24.76%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	40.76%	-25.94%
Volatility (1Y) Calculated over the trailing 1-year period	23.85%	50.61%	-26.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.66%	60.25%	-29.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.38%	57.06%	-29.68%