TME vs. MCHI
Compare and contrast key facts about Tencent Music Entertainment Group (TME) and iShares MSCI China ETF (MCHI).
MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TME or MCHI.
Performance
TME vs. MCHI - Performance Comparison
Returns By Period
In the year-to-date period, TME achieves a 29.02% return, which is significantly higher than MCHI's 17.32% return.
TME
29.02%
-2.37%
-19.83%
37.25%
-1.21%
N/A
MCHI
17.32%
-5.54%
6.10%
12.77%
-2.65%
1.41%
Key characteristics
| TME | MCHI | |
|---|---|---|
| Sharpe Ratio | 0.70 | 0.41 |
| Sortino Ratio | 1.33 | 0.82 |
| Omega Ratio | 1.16 | 1.10 |
| Calmar Ratio | 0.45 | 0.21 |
| Martin Ratio | 2.18 | 1.25 |
| Ulcer Index | 15.49% | 10.13% |
| Daily Std Dev | 48.58% | 30.90% |
| Max Drawdown | -90.19% | -62.84% |
| Current Drawdown | -63.43% | -47.60% |
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Correlation
The correlation between TME and MCHI is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TME vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and iShares MSCI China ETF (MCHI). 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.
Dividends
TME vs. MCHI - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 1.19%, less than MCHI's 2.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.49% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
TME vs. MCHI - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for TME and MCHI. For additional features, visit the drawdowns tool.
Volatility
TME vs. MCHI - Volatility Comparison
Tencent Music Entertainment Group (TME) has a higher volatility of 11.84% compared to iShares MSCI China ETF (MCHI) at 9.85%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.