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 16.31% vs -44.19% for IBIT. Their 0.25 correlation means their historical movements had little consistent relationship. 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 2.18% return, which is significantly higher than IBIT's -26.71% return.
TCHI
- 1D
- 2.79%
- 1M
- -4.16%
- 6M
- -0.87%
- YTD
- 2.18%
- 1Y
- 16.31%
- 3Y*
- 10.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.31%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $300.26K | $346.07K | $396.84K |
TCHI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 2.18% | 33.13% | 17.85% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between TCHI and IBIT is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.25 |
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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 | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.84 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.83 | +1.62 |
| Martin ratioReturn relative to average drawdown | 1.64 | -1.27 | +2.90 |
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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 -53.30%. 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% | -53.30% | +9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -20.73% | -53.30% | +32.57% |
Max Drawdown (3Y)Largest decline over 3 years | -27.78% | — | — |
Current DrawdownCurrent decline from peak | -10.60% | -48.95% | +38.35% |
Average DrawdownAverage peak-to-trough decline | -20.96% | -18.34% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.99% | 34.94% | -24.95% |
Volatility
TCHI vs. IBIT - Volatility Comparison
iShares MSCI China Multisector Tech ETF (TCHI) has a higher volatility of 10.62% compared to iShares Bitcoin Trust ETF (IBIT) at 8.29%. This indicates that TCHI's price experiences larger fluctuations and is considered to be riskier 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 | 10.62% | 8.29% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.50% | 33.07% | -11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.67% | 44.40% | -15.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.92% | 49.53% | -14.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.92% | 49.53% | -14.61% |
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 2.27%, 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 | 2.27% | 2.44% | 2.49% | 4.28% | 1.07% |
Frequently Asked Questions
TCHI and IBIT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCHI has higher volatility (10.62%) compared to IBIT (8.29%). In terms of maximum drawdown, TCHI dropped -43.96% vs IBIT's -53.30%.
On 1-year performance, TCHI leads with 16.31% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.29%. 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 16.31% return vs -44.19%. 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 2.27%, 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 (0.57 vs -1.00), 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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