XAUUSD=X vs. MCHI
Compare and contrast key facts about Gold Spot US Dollar (XAUUSD=X) 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: XAUUSD=X or MCHI.
Correlation
The correlation between XAUUSD=X and MCHI is 0.10, 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.
Performance
XAUUSD=X vs. MCHI - Performance Comparison
Key characteristics
XAUUSD=X:
1.88
MCHI:
1.42
XAUUSD=X:
2.47
MCHI:
2.11
XAUUSD=X:
1.36
MCHI:
1.28
XAUUSD=X:
3.23
MCHI:
0.77
XAUUSD=X:
8.15
MCHI:
3.51
XAUUSD=X:
3.20%
MCHI:
12.65%
XAUUSD=X:
13.99%
MCHI:
31.36%
XAUUSD=X:
-69.75%
MCHI:
-62.84%
XAUUSD=X:
-0.32%
MCHI:
-38.58%
Returns By Period
In the year-to-date period, XAUUSD=X achieves a 11.75% return, which is significantly lower than MCHI's 16.79% return. Over the past 10 years, XAUUSD=X has outperformed MCHI with an annualized return of 8.84%, while MCHI has yielded a comparatively lower 2.39% annualized return.
XAUUSD=X
11.75%
6.84%
18.07%
44.80%
11.40%
8.84%
MCHI
16.79%
17.67%
32.67%
42.62%
-1.26%
2.39%
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Risk-Adjusted Performance
XAUUSD=X vs. MCHI — Risk-Adjusted Performance Rank
XAUUSD=X
MCHI
XAUUSD=X vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot US Dollar (XAUUSD=X) 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.
Drawdowns
XAUUSD=X vs. MCHI - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -69.75%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and MCHI. For additional features, visit the drawdowns tool.
Volatility
XAUUSD=X vs. MCHI - Volatility Comparison
The current volatility for Gold Spot US Dollar (XAUUSD=X) is 3.26%, while iShares MSCI China ETF (MCHI) has a volatility of 6.80%. This indicates that XAUUSD=X experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.