FXI vs MCHI Stock Comparison: AI Score, Valuation, Performance and Upside
FXI and MCHI both target china equity exposure but take different paths to get there — FXI via the FTSE China 50 Index, and MCHI via the MSCI China Index. The practical differences come down to issuer, cost structure, and the specific index rules each fund follows, since both are pursuing a similar investment outcome.
FXI vs MCHI is largely a question of which issuer and index methodology you trust more for china equity exposure — the underlying investment case is similar, so cost, liquidity, and tracking precision tend to be the deciding factors.
MCHI holds the edge across 3 of 5 key metrics in this comparison. FXI has delivered stronger 1-year price return (-14.83% vs -20.51% for MCHI).
- want concentrated, large-cap exposure to the biggest Chinese companies
- prefer iShares (BlackRock)'s approach and fund lineup
- value direct, liquid exposure to China's largest companies
- are comfortable with heavy concentration in a small number of mega-cap names
- want broader, more diversified exposure across the Chinese equity market
- prefer iShares (BlackRock)'s approach and fund lineup
- value broader sector and company diversification than FXI
- are comfortable with same regulatory and geopolitical risk profile as any China fund
| Metric | FXI | MCHI |
|---|---|---|
| ETF scorei | 24.3 | 24.3 |
| Latest closei | $33.21 | $49.59 |
| 1M returni | +0.06% | -3.22% |
| 3M returni | -8.91% | -11.29% |
| 6M returni | -8.46% | -12.88% |
| 1Y returni | -14.83% | -20.51% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | FXI | MCHI |
|---|---|---|
| 1Y ago | $8.65K (-13.5%) started 2025-11-03 | $8.1K (-19.0%) started 2025-11-03 |
| 5Y ago | $10.5K (+5.0%) started 2021-11-03 | $9.07K (-9.3%) started 2021-11-03 |
| 10Y ago | $15.16K (+51.6%) started 2016-11-03 | $15.73K (+57.3%) started 2016-11-03 |
Hypothetical — past performance does not guarantee future results.
| Metric | FXI | MCHI |
|---|---|---|
| Expense ratioi | 0.73% | 0.59% |
| Total assets (AUM)i | $3.93B | $5.99B |
| Dividend yieldi | 2.00% | 2.09% |
| Trailing P/Ei | 9.01 | 10.82 |
| Betai | 0.29 | 0.34 |
| 52-week change | -14.83% | -20.51% |
| Metric | FXI | MCHI |
|---|---|---|
| 1Y returni | -14.83% | -20.51% |
| 6M returni | -8.46% | -12.88% |
| 3M returni | -8.91% | -11.29% |
| 1M returni | +0.06% | -3.22% |
| 1Y Sharpe ratio | -1.02 | -1.39 |
| Betai | 0.29 | 0.34 |
| Dividend yieldi | 2.00% | 2.09% |
| 5Y CAGR | -1.50% | -4.25% |
Over the past year, FXI and MCHI have moved strongly in the same direction (correlation of 0.95), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | FXI | MCHI |
|---|---|---|---|
| 1Y | Growthi | -15.08% | -20.49% |
| CAGRi | -15.13% | -20.55% | |
| Volatilityi | 18.86% | 18.59% | |
| Sharpe ratioi | -1.02 | -1.39 | |
| Sortino ratioi | -1.40 | -1.88 | |
| Max drawdowni | 21.95% | 23.30% | |
| Current drawdowni | 17.95% | 22.32% | |
| Avg drawdowni | 10.43% | 11.13% | |
| Ulcer Indexi | 11.83% | 12.69% | |
| Max daily dropi | 2.97% | 2.85% | |
| Max wkly dropi | 6.49% | 6.43% | |
| 5Y | Growthi | -7.25% | -19.51% |
| CAGRi | -1.50% | -4.25% | |
| Volatilityi | 31.13% | 30.00% | |
| Sharpe ratioi | -0.04 | -0.15 | |
| Sortino ratioi | -0.06 | -0.22 | |
| Max drawdowni | 48.89% | 49.23% | |
| Current drawdowni | 18.99% | 24.57% | |
| Avg drawdowni | 21.11% | 24.41% | |
| Ulcer Indexi | 24.41% | 27.08% | |
| Max daily dropi | 9.99% | 10.81% | |
| Max wkly dropi | 17.25% | 17.10% | |
| 10Y | Growthi | +15.60% | +28.74% |
| CAGRi | +1.46% | +2.56% | |
| Volatilityi | 27.56% | 27.30% | |
| Sharpe ratioi | 0.03 | 0.06 | |
| Sortino ratioi | 0.04 | 0.09 | |
| Max drawdowni | 60.81% | 62.84% | |
| Current drawdowni | 31.19% | 42.73% | |
| Avg drawdowni | 25.80% | 28.50% | |
| Ulcer Indexi | 30.18% | 33.88% | |
| Max daily dropi | 10.29% | 10.81% | |
| Max wkly dropi | 17.25% | 17.10% |
| Category | FXI | MCHI |
|---|---|---|
| Fund name | iShares China Large-Cap ETF | iShares MSCI China ETF |
| Type | ETF | ETF |
| Expense ratioi | 0.73% | 0.59% |
| Total assets (AUM)i | $3.93B | $5.99B |
| Dividend yieldi | 2.00% | 2.09% |
- Direct, liquid exposure to China's largest companies
- High trading volume and a popular vehicle for China-sentiment trades
- Long track record as the default China large-cap ETF
- Broader sector and company diversification than FXI
- Includes onshore A-shares that FXI's index excludes
- Wider exposure to Chinese consumer and tech names beyond mega-caps
- Heavy concentration in a small number of mega-cap names
- Chinese regulatory crackdowns and geopolitical risk are recurring headwinds
- Variable-interest-entity (VIE) structure risk for some underlying holdings
- Same regulatory and geopolitical risk profile as any China fund
- VIE structure risk applies to internet and tech holdings
- China's economic slowdown and property-sector stress remain overhangs
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