TCHI vs. KBAB

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares 2x Long BABA Daily ETF (KBAB).

TCHI and KBAB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. KBAB is an actively managed fund by KraneShares. It was launched on Mar 7, 2025.

Performance

TCHI vs. KBAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares 2x Long BABA Daily ETF (KBAB). The values are adjusted to include any dividend payments, if applicable.

TCHI vs. KBAB - Yearly Performance Comparison

	2026 (YTD)	2025
TCHI iShares MSCI China Multisector Tech ETF	-7.87%	13.03%
KBAB KraneShares 2x Long BABA Daily ETF	-33.73%	-7.77%

Returns By Period

In the year-to-date period, TCHI achieves a -7.87% return, which is significantly higher than KBAB's -33.73% return.

TCHI

• 1D: 0.16%
• 1M: -6.33%
• YTD: -7.87%
• 6M: -17.85%
• 1Y: 10.98%
• 3Y*: 6.04%
• 5Y*: —
• 10Y*: —

KBAB

• 1D: -2.64%
• 1M: -26.37%
• YTD: -33.73%
• 6M: -59.98%
• 1Y: -34.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCHI vs. KBAB - Expense Ratio Comparison

TCHI has a 0.59% expense ratio, which is lower than KBAB's 1.00% expense ratio.

KBAB

KraneShares 2x Long BABA Daily ETF

TCHI

iShares MSCI China Multisector Tech ETF

Return for Risk

TCHI vs. KBAB — Risk / Return Rank

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

TCHI

TCHI Risk / Return Rank: 22
TCHI Sharpe Ratio Rank: 22
TCHI Sortino Ratio Rank: 23
TCHI Omega Ratio Rank: 23
TCHI Calmar Ratio Rank: 23
TCHI Martin Ratio Rank: 20

KBAB

KBAB Risk / Return Rank: 6
KBAB Sharpe Ratio Rank: 6
KBAB Sortino Ratio Rank: 10
KBAB Omega Ratio Rank: 10
KBAB Calmar Ratio Rank: 4
KBAB Martin Ratio Rank: 4

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.

TCHI vs. KBAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares 2x Long BABA Daily ETF (KBAB). 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.

	TCHI	KBAB	Difference
Sharpe ratio Return per unit of total volatility	0.38	-0.37	+0.75
Sortino ratio Return per unit of downside risk	0.71	0.01	+0.70
Omega ratio Gain probability vs. loss probability	1.10	1.00	+0.10
Calmar ratio Return relative to maximum drawdown	0.50	-0.53	+1.03
Martin ratio Return relative to average drawdown	1.17	-1.05	+2.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCHI vs. KBAB - Sharpe Ratio Comparison

The current TCHI Sharpe Ratio is 0.38, which is higher than the KBAB Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of TCHI and KBAB, 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

	TCHI	KBAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	-0.37	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.41	+0.38

Correlation

The correlation between TCHI and KBAB is 0.74, 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.

Dividends

TCHI vs. KBAB - Dividend Comparison

TCHI's dividend yield for the trailing twelve months is around 2.64%, less than KBAB's 90.37% yield.

	TTM	2025	2024	2023	2022
TCHI iShares MSCI China Multisector Tech ETF	2.64%	2.44%	2.49%	4.28%	1.07%
KBAB KraneShares 2x Long BABA Daily ETF	90.37%	59.88%	0.00%	0.00%	0.00%

Drawdowns

TCHI vs. KBAB - Drawdown Comparison

The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum KBAB drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for TCHI and KBAB.

Drawdown Indicators

	TCHI	KBAB	Difference
Max Drawdown Largest peak-to-trough decline	-43.96%	-63.69%	+19.73%
Max Drawdown (1Y) Largest decline over 1 year	-20.73%	-63.69%	+42.96%
Current Drawdown Current decline from peak	-19.40%	-62.68%	+43.28%
Average Drawdown Average peak-to-trough decline	-21.96%	-33.99%	+12.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.94%	31.97%	-23.03%

Volatility

TCHI vs. KBAB - Volatility Comparison

The current volatility for iShares MSCI China Multisector Tech ETF (TCHI) is 7.21%, while KraneShares 2x Long BABA Daily ETF (KBAB) has a volatility of 23.60%. This indicates that TCHI experiences smaller price fluctuations and is considered to be less risky than KBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCHI	KBAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	23.60%	-16.39%
Volatility (6M) Calculated over the trailing 6-month period	18.00%	59.23%	-41.23%
Volatility (1Y) Calculated over the trailing 1-year period	28.73%	92.62%	-63.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.10%	91.83%	-56.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.10%	91.83%	-56.73%