TCHI vs. IBIT
TCHI (iShares MSCI China Multisector Tech ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - TCHI is a Technology Equities fund tracking the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, TCHI returned 33.79% vs -43.61% for IBIT. At a 0.26 correlation, their price movements are largely independent. TCHI charges 0.59%/yr vs 0.25%/yr for IBIT.
Performance
TCHI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, TCHI achieves a 9.91% return, which is significantly higher than IBIT's -31.78% return.
TCHI
- 1D
- 1.13%
- 1M
- 4.24%
- YTD
- 9.91%
- 6M
- 9.23%
- 1Y
- 33.79%
- 3Y*
- 17.20%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TCHI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 9.91% | 33.13% | 17.85% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 89.87% |
Correlation
The correlation between TCHI and IBIT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.26 |
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Return for Risk
TCHI vs. IBIT — Risk / Return Rank
TCHI
IBIT
TCHI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) and iShares Bitcoin Trust ETF (IBIT). 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.
| TCHI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.84 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.83 | +2.47 |
| Martin ratioReturn relative to average drawdown | 3.57 | -1.42 | +4.99 |
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Drawdowns
TCHI vs. IBIT - Drawdown Comparison
The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for TCHI and IBIT.
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Drawdown Indicators
| TCHI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.96% | -52.49% | +8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -20.73% | -52.49% | +31.76% |
Max Drawdown (3Y)Largest decline over 3 years | -27.78% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -52.49% | +48.65% |
Average DrawdownAverage peak-to-trough decline | -21.27% | -16.91% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 30.76% | -21.28% |
Volatility
TCHI vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI China Multisector Tech ETF (TCHI) is 9.36%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that TCHI experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCHI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 13.48% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 34.60% | -15.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.48% | 44.48% | -18.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.85% | 50.25% | -15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.85% | 50.25% | -15.40% |
TCHI vs. IBIT - Expense Ratio Comparison
TCHI has a 0.59% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
TCHI vs. IBIT - Dividend Comparison
TCHI's dividend yield for the trailing twelve months is around 2.11%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TCHI iShares MSCI China Multisector Tech ETF | 2.11% | 2.44% | 2.49% | 4.28% | 1.07% |
Frequently Asked Questions
TCHI and IBIT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to TCHI (9.36%). In terms of maximum drawdown, TCHI dropped -43.96% vs IBIT's -52.49%.
On 1-year performance, TCHI leads with 33.79% vs -43.61% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, TCHI has been the lower-risk option at 9.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TCHI has performed better with a 33.79% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.59% for TCHI.
TCHI has the higher dividend yield at 2.11%, compared with 0.00% for IBIT.
TCHI is categorized as Technology Equities, while IBIT is Cryptocurrency. TCHI tracks MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.59% for TCHI and 0.25% for IBIT.
TCHI currently has the higher Sharpe Ratio (1.29 vs -0.98), 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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