MCHI
iShares MSCI China ETF
iShares MSCI China Index Fund seeks to track the performance of the MSCI China Index.
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 29, 2011 |
| Assets (mns) | $5,002 |
| 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 | 14.4 % |
| ALIBABA GROUP HOLDING LTD. | 7.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 3.8 % |
| MEITUAN DIANPING | 3.5 % |
| CHINA CONSTRUCTION BANK-H | 3.4 % |
| NETEASE, INC | 2.0 % |
| BANK OF CHINA LTD - H | 1.9 % |
| IND & COMM BK OF CHINA - H | 1.8 % |
| XIAOMI CORP. CLASS B | 1.7 % |
| JD.COM, INC. CLASS A | 1.6 % |
Constituent Breakdown
| Number of holdings | 660 |
| Herfindahl-Hirschman Index | 351 |
| Wgt avg mkt cap (mns) | $111,280 |
| Large cap (>$10bn) | 82.8% |
| Mid cap ($2-10bn) | 17.1% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 18.9% |
| Emerging mkts. | 81.1% |
Country Exposure
 |
CHINA | 88.9 % |
 |
HONG KONG | 6.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -4.3% | -19.2% | -11.8% | -20.2% | -7.3% | 0.4% | -0.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.37 | 4% |
| MSCI EAFE | 0.84 | 20% |
| MSCI Emg Mkts | 1.46 | 66% |
Liquidity Measures
| Avg. volume (000) | 2,756 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $34,811 |
Technical Indicators
| Recent close | $41.34 |
| 30d moving avg. | $42.51 |
| Annualized volatility | 31.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 6.0% |
| 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 | 83.3% | -40 bp | +0.7% |
| GXC | SPDR S&P China ETF | 67.9% | 0 bp | +0.1% |
| KALL | KraneShares MSCI All China Index ETF | 57.9% | -10 bp | +0.5% |
| FXI | iShares China Large-Cap ETF | 53.6% | +15 bp | +0.7% |
| BKF | iShares MSCI BIC ETF | 48.6% | +10 bp | -1.9% |
| CN | Xtrackers MSCI All China Equity ETF | 48.4% | -9 bp | -0.3% |
| MCH | Matthews China Active ETF | 39.7% | +20 bp | -2.9% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 38.0% | -27 bp | -3.3% |
| JCHI | JPMorgan Active China ETF | 35.9% | +6 bp | -1.0% |
| KWEB | KraneShares CSI China Internet ETF | 34.4% | +10 bp | -9.6% |
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 4/24/2024
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
MCHI
9.0%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.0% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. MCHI's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places MCHI in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
MCHI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .