TCHI vs. KTEC

Last updated Jul 14, 2026

TCHI (iShares MSCI China Multisector Tech ETF) and KTEC (KraneShares Hang Seng TECH Index 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 KTEC is a China Equities fund tracking the Hang Seng Tech Index. Both are passively managed. Over the past 3 years, TCHI returned 12.86%/yr vs 1.41%/yr for KTEC. Their correlation of 0.89 suggests significant overlap in exposure. TCHI charges 0.59%/yr vs 0.69%/yr for KTEC.

Performance

TCHI vs. KTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares Hang Seng TECH Index ETF (KTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCHI achieves a 4.35% return, which is significantly higher than KTEC's -17.62% return.

TCHI

• 1D: -3.24%
• 1M: -0.71%
• 6M: -4.47%
• YTD: 4.35%
• 1Y: 24.24%
• 3Y*: 12.86%
• 5Y*: —
• 10Y*: —

KTEC

• 1D: -1.07%
• 1M: -1.75%
• 6M: -25.13%
• YTD: -17.62%
• 1Y: -15.81%
• 3Y*: 1.41%
• 5Y*: -10.84%
• 10Y*: —

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

TCHI vs. KTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TCHI iShares MSCI China Multisector Tech ETF	4.35%	33.13%	9.09%	-5.61%	-24.30%
KTEC KraneShares Hang Seng TECH Index ETF	-17.62%	21.01%	16.13%	-10.41%	-25.89%

Correlation

The correlation between TCHI and KTEC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.89

The correlation between TCHI and KTEC has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

TCHI vs. KTEC - Sectors Allocation Comparison

Sectors	TCHI	KTEC
Technology	57.9%	35.3%
Industrials	14.2%	8.3%
Consumer Cyclical	13.4%	35.3%
Communication Services	10.0%	18.0%
Consumer Defensive	2.0%	-
Energy	0.9%	-
Financial Services	0.6%	-
Basic Materials	0.2%	-
Healthcare	-	1.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

TCHI vs. KTEC — Risk / Return Rank

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

TCHI

TCHI Risk / Return Rank: 29
TCHI Sharpe Ratio Rank: 30
TCHI Sortino Ratio Rank: 30
TCHI Omega Ratio Rank: 30
TCHI Calmar Ratio Rank: 29
TCHI Martin Ratio Rank: 25

KTEC

KTEC Risk / Return Rank: 5
KTEC Sharpe Ratio Rank: 5
KTEC Sortino Ratio Rank: 5
KTEC Omega Ratio Rank: 5
KTEC Calmar Ratio Rank: 5
KTEC Martin Ratio Rank: 5

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. KTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares Hang Seng TECH Index ETF (KTEC). 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	KTEC	Difference
Sharpe ratio: Return per unit of total volatility	0.88	-0.57	+1.45
Sortino ratio: Return per unit of downside risk	1.35	-0.68	+2.03
Omega ratio: Gain probability vs. loss probability	1.17	0.92	+0.24
Calmar ratio: Return relative to maximum drawdown	1.17	-0.43	+1.61
Martin ratio: Return relative to average drawdown	2.54	-0.82	+3.36

TCHI vs. KTEC - Sharpe Ratio Comparison

The current TCHI Sharpe Ratio is 0.88, which is higher than the KTEC Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of TCHI and KTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TCHI vs. KTEC - Drawdown Comparison

The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum KTEC drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for TCHI and KTEC.

Drawdown Indicators

	TCHI	KTEC	Difference
Max Drawdown Largest peak-to-trough decline	-43.96%	-66.90%	+22.94%
Max Drawdown (1Y) Largest decline over 1 year	-20.73%	-36.49%	+15.76%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	-36.49%	+8.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.03%	—
Current Drawdown Current decline from peak	-8.70%	-48.02%	+39.32%
Average Drawdown Average peak-to-trough decline	-21.09%	-44.03%	+22.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.56%	19.26%	-9.70%

Volatility

TCHI vs. KTEC - Volatility Comparison

iShares MSCI China Multisector Tech ETF (TCHI) has a higher volatility of 11.12% compared to KraneShares Hang Seng TECH Index ETF (KTEC) at 6.94%. This indicates that TCHI's price experiences larger fluctuations and is considered to be riskier than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCHI	KTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.12%	6.94%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	20.78%	20.53%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	27.74%	28.05%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.93%	43.14%	-8.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.93%	42.89%	-7.96%

TCHI vs. KTEC - Expense Ratio Comparison

TCHI has a 0.59% expense ratio, which is lower than KTEC's 0.69% expense ratio.

Dividends

TCHI vs. KTEC - Dividend Comparison

TCHI's dividend yield for the trailing twelve months is around 2.22%, less than KTEC's 4.07% yield.

Position	TTM	2025	2024	2023	2022
KTEC KraneShares Hang Seng TECH Index ETF	4.07%	3.36%	0.27%	0.81%	0.16%
TCHI iShares MSCI China Multisector Tech ETF	2.22%	2.44%	2.49%	4.28%	1.07%

Frequently Asked Questions

Can I hold both TCHI and KTEC in my portfolio?

TCHI and KTEC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCHI or KTEC?

TCHI has higher volatility (11.12%) compared to KTEC (6.94%). In terms of maximum drawdown, TCHI dropped -43.96% vs KTEC's -66.90%.

Which ETF is better, TCHI or KTEC?

On 3-year performance, TCHI leads with 12.86% vs 1.41% for KTEC. On fees, TCHI is cheaper at 0.59% per year. On volatility, KTEC has been the lower-risk option at 6.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCHI or KTEC?

Over the 3-year period, TCHI has performed better with a 12.86% return vs 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCHI or KTEC?

TCHI is cheaper with a 0.59% expense ratio, compared with 0.69% for KTEC.

Which ETF pays a higher dividend yield, TCHI or KTEC?

KTEC has the higher dividend yield at 4.07%, compared with 2.22% for TCHI.

What is the main difference between TCHI and KTEC?

TCHI is categorized as Technology Equities, while KTEC is China Equities. TCHI tracks MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while KTEC tracks Hang Seng Tech Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.59% for TCHI and 0.69% for KTEC.

Which has better risk-adjusted returns?

TCHI currently has the higher Sharpe Ratio (0.88 vs -0.57), 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.