MCHI
iShares MSCI China ETF
iShares MSCI China Index Fund seeks to track the performance of the MSCI China Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
5.8 B
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
Fund sponsor | BlackRock Fund Advisors |
Category | Emerging |
Asset class | Equity |
Website | link... |
Inception date | Mar 29, 2011 |
Assets (mns) | $5,791 |
Expense ratio | 59 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TENCENT HOLDINGS LTD | 17.3 % |
ALIBABA GROUP HOLDING LTD. | 9.0 % |
MEITUAN DIANPING | 4.6 % |
CHINA CONSTRUCTION BANK-H | 3.7 % |
PINDUODUO, INC. SPONSORED ADR CLASS A | 3.7 % |
XIAOMI CORP. CLASS B | 2.1 % |
IND & COMM BK OF CHINA - H | 2.1 % |
JD.COM, INC. CLASS A | 1.9 % |
BANK OF CHINA LTD - H | 1.9 % |
BYD CO LTD-H | 1.7 % |
Constituent Breakdown
Number of holdings | 595 |
Herfindahl-Hirschman Index | 469 |
Wgt avg mkt cap (mns) | $145,989 |
Large cap (>$10bn) | 83.6% |
Mid cap ($2-10bn) | 16.1% |
Small cap (<$2bn) | 0.2% |
Developed mkts. | 17.6% |
Emerging mkts. | 82.4% |
Country Exposure
CHINA | 89.1 % | |
HONG KONG | 6.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 23.2% | 18.8% | 11.3% | -7.5% | -0.5% | 2.3% | 1.5% | Volatility | 24.4% | 24.6% | 28.9% | 32.1% | 30.2% | 26.9% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.35 | 4% |
MSCI EAFE | 0.82 | 20% |
MSCI Emg Mkts | 1.46 | 63% |
Liquidity Measures
Avg. volume (000) | 5,970 |
Turnover | 5.9% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $27,181 |
Technical Indicators
Recent close | $57.00 |
30d moving avg. | $42.84 |
Annualized volatility | 31.8% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 5.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. MCHI |
Expenses vs. MCHI |
ALTAR Score™ vs. MCHI |
---|---|---|---|---|
FLCH | Franklin FTSE China ETF | 82.0% | -40 bp | +0.5% |
GXC | SPDR S&P China ETF | 68.7% | 0 bp | +0.0% |
KALL | KraneShares MSCI All China Index ETF | 58.6% | -10 bp | +0.6% |
FXI | iShares China Large-Cap ETF | 55.0% | +15 bp | +0.4% |
CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 54.9% | -27 bp | -1.9% |
MCH | Matthews China Active ETF | 45.2% | +20 bp | -2.6% |
BKF | iShares MSCI BIC ETF | 43.8% | +10 bp | -0.6% |
JCHI | JPMorgan Active China ETF | 38.8% | +6 bp | -0.4% |
KWEB | KraneShares CSI China Internet ETF | 37.2% | +10 bp | -8.0% |
AIA | iShares Asia 50 ETF | 34.7% | -9 bp | -0.6% |
Risk and Returns: MCHI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MCHI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
MCHI
6.7%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
3.9%. MCHI's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places MCHI in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MCHISELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Emerging Market Equity ETFs |
# of ETFs | 103 |
Avg. Expense Ratio | 64.6 bp |
Std. Deviation | 29 bp |
MCHI (59 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
MCHI | 59.0 | 2.4 | 61.4 |
Peer Avg. | 65.3 | 44.3 | 109.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .