Correlation
The correlation between TCHI and KWEB is 0.39, 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.
TCHI vs. KWEB
Compare and contrast key facts about iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares CSI China Internet ETF (KWEB).
TCHI and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both TCHI and KWEB 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: TCHI or KWEB.
Performance
TCHI vs. KWEB - Performance Comparison
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Key characteristics
TCHI:
0.20
KWEB:
0.33
TCHI:
0.62
KWEB:
0.77
TCHI:
1.08
KWEB:
1.10
TCHI:
0.23
KWEB:
0.18
TCHI:
0.65
KWEB:
0.94
TCHI:
13.68%
KWEB:
14.29%
TCHI:
37.24%
KWEB:
41.96%
TCHI:
-43.96%
KWEB:
-80.92%
TCHI:
-21.25%
KWEB:
-64.31%
Returns By Period
In the year-to-date period, TCHI achieves a 1.58% return, which is significantly lower than KWEB's 11.97% return.
TCHI
1.58%
-4.34%
1.73%
9.78%
-0.58%
N/A
N/A
KWEB
11.97%
-2.56%
9.95%
15.97%
5.75%
-6.76%
-0.73%
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TCHI vs. KWEB - Expense Ratio Comparison
TCHI has a 0.59% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
TCHI vs. KWEB — Risk-Adjusted Performance Rank
TCHI
KWEB
TCHI vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares CSI China Internet ETF (KWEB). 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.
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Dividends
TCHI vs. KWEB - Dividend Comparison
TCHI's dividend yield for the trailing twelve months is around 2.45%, less than KWEB's 3.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 2.45% | 2.49% | 4.28% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 3.13% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% |
Drawdowns
TCHI vs. KWEB - Drawdown Comparison
The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for TCHI and KWEB.
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Volatility
TCHI vs. KWEB - Volatility Comparison
The current volatility for iShares MSCI China Multisector Tech ETF (TCHI) is 8.14%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 9.43%. This indicates that TCHI experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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