MCHI — iShares MSCI China ETF

MCHI Price Performance — Growth of $10,000

Value of a $10,000 investment in MCHI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MCHI Drawdown

The "underwater" chart: MCHI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI China ETF (MCHI) operates within the Single Country - Emerging category, where ETFValuer tracks a total of 22 funds. Issued by iShares, this exchange-traded fund manages $5.89 billion in assets and trades at a price of $54.41. It holds an overall rank of #433 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 35.2 out of 100. The fund charges an expense ratio of 0.59% and offers a dividend yield of 2.14%. The combination of a mid-tier asset base and a lower-tier ranking suggests a specific level of investor adoption relative to its peers. These metrics collectively define the fund's current standing and cost structure for potential investors.

Recent performance data shows a 1-day return of +0.28% and a 1-week gain of +0.76%, followed by a stronger 1-month return of +7.79%. However, this short-term momentum contrasts with longer-term negative trends, as the 3-month return stands at -4.11% and the 6-month return is -12.59%. Year-to-date performance reflects this decline with a -12.00% return, while the 1-year return is recorded at -5.92%. In contrast to the recent negative annual figures, the 3-year return shows a positive trajectory of +24.12%. This pattern indicates a divergence where short-term volatility and recent losses have overshadowed the longer-term positive growth over the three-year horizon.

The fund carries a Moderate volatility label and exhibits a beta of 0.59, suggesting its price movements are less sensitive to broader market fluctuations. Despite this lower beta, the fund has experienced a maximum drawdown of -25.85%, indicating significant potential for capital loss during downturns. The Sharpe ratio of -0.53 reflects a negative risk-adjusted return profile over the measured period. This combination of moderate volatility, a low beta, and a substantial negative drawdown implies that the fund has struggled to generate returns commensurate with the risks taken. The negative Sharpe ratio further confirms that the recent performance has not compensated investors for the volatility endured.

AI-generated summary based on the data on this page.

MCHI Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 42.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MCHI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MCHI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MCHI's top 10 — FXI overlaps most, holding 8 of the same companies as MCHI's top 10 (37.4% of MCHI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MCHI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.44% and average daily volume is 3.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $5.89B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MCHI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MCHI Performance History

How MCHI Compares to Other Single Country - Emerging ETFs