FCAvsMCHIETF Comparison
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First Trust China AlphaDEX ETF (FCA) and iShares MSCI China ETF (MCHI) belong to the same industry segment: China Blended Cap. FCA's top 3 sector exposures are Finance, Technology and Energy. In contrast, MCHI's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. FCA is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.59% for MCHI. FCA is down -11.69% year-to-date (YTD) with -$25M in YTD flows. MCHI performs worse with -17.92% YTD performance, and -$919M in YTD flows. Run a side-by-side ETF comparison of FCA and MCHI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FCA vs MCHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FCA MCHI | -7.40%-6.42% | -8.79%-9.38% | -11.69%-17.92% | -12.22%-23.23% | +47.62%+25.18% | +5.94%-21.49% |
| Flows | FCA MCHI | --$156M | -$1M-$24M | -$25M-$919M | -$25M-$919M | +$13M-$1.29B | +$16M+$2.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FCA MCHI | +15.98%+14.78% | +21.26%+18.18% | +22.65%+23.92% | +22.83%+27.87% |
| Max drawdown | FCA MCHI | -14.17%-13.71% | -28.57%-23.81% | -28.57%-25.44% | -35.48%-49.29% |
| Max drawdown duration | FCA MCHI | 79d79d | 168d364d | 168d391d | 1306d1399d |
Trading data
FCA | MCHI | |
Last sale 10/29/2026 at 1:30 PM | $23.72 | $48.96 |
| Previous close 10/28/2026 | $23.72 | $49.04 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FCA | MCHI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
FCA | MCHI | |
|---|---|---|
| Last price | $23.72 | $48.96 |
| 1D performance | +0.00% | -0.16% |
| AuM | $27.43 M | $5.52 B |
| E/R | 0.8% | 0.59% |
Characteristics
FCA | MCHI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX China Index | MSCI China Index |
| N° of holdings | 43 | 527 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 18, 2011 | March 29, 2011 |
| ESG | No | No |
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Exposure
Countries
FCA
China
83.78%
Other
16.22%
MCHI
China
89.8%
Other
10.2%
Sectors
FCA
Finance
21.06%
Technology
14.17%
Energy
12.36%
Industrials
11.43%
Healthcare
10.43%
Non-Energy Materi.
7.69%
Other
22.86%
MCHI
Technology
28.1%
Finance
21.74%
Consumer Non-Cycl.
15.08%
Consumer Cyclical.
7.01%
Other
28.07%
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Diversification
FCA
Total weight of top 15 holdings out of 15
48.24%
MCHI
Total weight of top 15 holdings out of 15
47.52%
Top 15 holdings
Data as of August 31, 2026
FCA
Lenovo Group Ltd.
4.25%
COSCO SHIPPING Holdings Co. Ltd.
4.25%
ENN Energy Holdings Ltd.
3.89%
PetroChina Co., Ltd.
3.85%
China Life Insurance Co. Ltd.
3.62%
Sinotruk Hong Kong Ltd.
3.28%
China Oilfield Services Ltd.
3.12%
3SBio, Inc.
3.04%
Weichai Power Co., Ltd.
2.97%
China Hongqiao Group Ltd.
2.96%
China Reinsurance (Group) Corp.
2.94%
AAC Technologies Holdings, Inc.
2.64%
Anhui Conch Cement Co., Ltd.
2.57%
BYD Electronic (International) Co., Ltd.
2.46%
WuXi AppTec Co., Ltd.
2.40%
MCHI
Tencent Holdings Ltd.
13.87%
Alibaba Group Holding Ltd.
9.56%
China Construction Bank Corp.
3.99%
Industrial & Commercial Bank of China Ltd.
2.46%
Xiaomi Corp.
2.35%
Meituan
1.98%
Bank of China Ltd.
1.97%
Ping An Insurance (Group) Co. of China Ltd.
1.74%
PDD Holdings, Inc.
1.69%
NetEase, Inc.
1.69%
BYD Co., Ltd.
1.60%
JD.com, Inc.
1.28%
China Life Insurance Co. Ltd.
1.13%
Lenovo Group Ltd.
1.11%
Zijin Mining Group Co., Ltd.
1.09%
Frequently asked questions about FCA and MCHI
How have the FCA and MCHI ETFs performed in 2026?
As of October 28, 2026, FCA is down -11.69% year-to-date (YTD), while MCHI has lost -17.92%. That puts FCA better performer ahead so far this year.
Which ETF is attracting more investor money: FCA or MCHI?
Year-to-date, the FCA ETF saw -$25M in flows, compared to -$919M for MCHI.
Which ETF is more volatile: FCA or MCHI?
Over the past year, FCA had a volatility of 21.26%, while MCHI experienced 18.18%.
Which ETF is bigger: FCA or MCHI?
As of October 28, 2026, FCA holds $27.43 M in assets under management (AUM), while MCHI manages $5.52 B.
What sectors do the FCA and MCHI ETFs invest in?
FCA leans toward sectors like Finance, Technology and Energy. Meanwhile, MCHI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the FCA ETF and MCHI ETF?
FCA top holdings include Lenovo Group Ltd., COSCO SHIPPING Holdings Co. Ltd. and ENN Energy Holdings Ltd.. MCHI holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp..
Which ETF is more diversified: FCA or MCHI?
FCA holds 43 securities with 48.24% of its assets in the top 15. MCHI has 577 securities and a top 15 weight of 47.52%.
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