MCTS.L vs. TCHI
Compare and contrast key facts about Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc (MCTS.L) and iShares MSCI China Multisector Tech ETF (TCHI).
MCTS.L and TCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MCTS.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jun 11, 2021. TCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net. It was launched on Jan 25, 2022. Both MCTS.L and TCHI 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: MCTS.L or TCHI.
Correlation
The correlation between MCTS.L and TCHI is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MCTS.L vs. TCHI - Performance Comparison
Key characteristics
MCTS.L:
0.48
TCHI:
0.56
MCTS.L:
1.19
TCHI:
1.05
MCTS.L:
1.19
TCHI:
1.13
MCTS.L:
0.45
TCHI:
0.55
MCTS.L:
1.38
TCHI:
1.53
MCTS.L:
18.20%
TCHI:
13.75%
MCTS.L:
51.94%
TCHI:
37.41%
MCTS.L:
-59.88%
TCHI:
-43.96%
MCTS.L:
-39.99%
TCHI:
-21.21%
Returns By Period
In the year-to-date period, MCTS.L achieves a 3.81% return, which is significantly higher than TCHI's 1.64% return.
MCTS.L
3.81%
-10.90%
5.95%
26.86%
N/A
N/A
TCHI
1.64%
-11.67%
0.96%
18.14%
N/A
N/A
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MCTS.L vs. TCHI - Expense Ratio Comparison
MCTS.L has a 0.49% expense ratio, which is lower than TCHI's 0.59% expense ratio.
Risk-Adjusted Performance
MCTS.L vs. TCHI — Risk-Adjusted Performance Rank
MCTS.L
TCHI
MCTS.L vs. TCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc (MCTS.L) and iShares MSCI China Multisector Tech ETF (TCHI). 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
MCTS.L vs. TCHI - Dividend Comparison
MCTS.L has not paid dividends to shareholders, while TCHI's dividend yield for the trailing twelve months is around 2.45%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MCTS.L Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
TCHI iShares MSCI China Multisector Tech ETF | 2.45% | 2.49% | 4.28% | 1.06% |
Drawdowns
MCTS.L vs. TCHI - Drawdown Comparison
The maximum MCTS.L drawdown since its inception was -59.88%, which is greater than TCHI's maximum drawdown of -43.96%. Use the drawdown chart below to compare losses from any high point for MCTS.L and TCHI. For additional features, visit the drawdowns tool.
Volatility
MCTS.L vs. TCHI - Volatility Comparison
The current volatility for Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc (MCTS.L) is 14.36%, while iShares MSCI China Multisector Tech ETF (TCHI) has a volatility of 16.54%. This indicates that MCTS.L experiences smaller price fluctuations and is considered to be less risky than TCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.