FXIvsMCHIETF Comparison
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iShares China Large-Cap ETF (FXI) and iShares MSCI China ETF (MCHI) belong to the same industry segment: China Blended Cap. FXI's top 3 sector exposures are Financials, Consumer Discretionary and Communication Services. In contrast, MCHI's top sector exposures are Consumer Discretionary, Communication Services and Financials. FXI is more expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.59% for MCHI. FXI is down -1.9% year-to-date (YTD) with -$59M in YTD flows. MCHI performs better with -1.52% YTD performance, and -$583M in YTD flows. Run a side-by-side ETF comparison of FXI 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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FXI vs MCHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXI MCHI | +2.10%+1.72% | -3.04%-3.77% | -1.90%-1.52% | +18.48%+22.55% | +37.69%+29.00% | -10.47%-19.61% |
| Flows | FXI MCHI | -$59M+$67M | -$59M-$583M | -$59M-$583M | -$174M+$653M | -$281M-$1.85B | +$3.54B+$3.50B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXI MCHI | +20.33%+20.48% | +19.02%+19.11% | +26.24%+24.79% | +29.74%+28.51% |
| Max drawdown | FXI MCHI | -14.09%-14.58% | -15.40%-17.02% | -28.82%-25.77% | -55.13%-56.93% |
| Max drawdown duration | FXI MCHI | 78d78d | 197d197d | 420d422d | 1818d1781d |
Trading data
FXI | MCHI | |
Last sale 4/17/2026 at 1:30 PM | $37.60 | $59.29 |
| Previous close 04/16/2026 | $37.23 | $58.69 |
| Consolidated volume 04/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FXI | 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 4/17/2026 at 1:30 PM
Live
Closed
FXI | MCHI | |
|---|---|---|
| Last price | $37.60 | $59.29 |
| 1D performance | +0.99% | +1.02% |
| AuM | $6.23 B | $7.04 B |
| E/R | 0.73% | 0.59% |
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Exposure
Countries
FXI
China
51.1%
Cayman Islands
46.39%
Other
2.51%
MCHI
Cayman Islands
48.58%
China
41.56%
Other
9.85%
Sectors
FXI
Financials
32.96%
Consumer Discreti.
26.07%
Communication Ser.
15.97%
Other
25.01%
MCHI
Consumer Discreti.
26.11%
Communication Ser.
19.52%
Financials
17.97%
Information Techn.
8.14%
Other
28.26%
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Diversification
FXI
Total weight of top 15 holdings out of 15
68.92%
MCHI
Total weight of top 15 holdings out of 15
49.94%
Top 15 holdings
Data as of February 28, 2026
FXI
ALIBABA GROUP HOLDING LTD
8.70%
TENCENT HOLDINGS
7.79%
CHINA CONSTRUCTION BANK
7.45%
XIAOMI CORP
6.47%
INDUSTRIAL COMMERC BK CHINA
4.90%
MEITUAN
4.57%
PING AN
4.46%
BYD
3.72%
BANK OF CHINA
3.55%
NETEASE INC
3.27%
ZIJIN MINING
2.95%
BAIDU
2.94%
JD.COM INC
2.93%
TRIP.COM GROUP
2.64%
CHINA LIFE
2.60%
MCHI
TENCENT HOLDINGS
14.97%
ALIBABA GROUP HOLDING LTD
11.12%
CHINA CONSTRUCTION BANK
3.48%
XIAOMI CORP
2.72%
PINDUODUO INC ADR
2.61%
PING AN
2.06%
INDUSTRIAL COMMERC BK CHINA
1.90%
MEITUAN
1.83%
BYD
1.58%
BANK OF CHINA
1.49%
NETEASE INC
1.41%
BAIDU
1.25%
ZIJIN MINING
1.23%
TRIP.COM GROUP
1.15%
JD.COM INC
1.13%
Frequently asked questions about FXI and MCHI
How have the FXI and MCHI ETFs performed in 2026?
As of April 17, 2026, FXI is down -1.9% year-to-date (YTD), while MCHI has lost -1.52%. That puts MCHI better performer ahead so far this year.
Which ETF is attracting more investor money: FXI or MCHI?
Year-to-date, the FXI ETF saw -$59M in flows, compared to -$583M for MCHI.
Which ETF is more volatile: FXI or MCHI?
Over the past year, FXI had a volatility of 19.02%, while MCHI experienced 19.11%.
Which ETF is bigger: FXI or MCHI?
As of April 17, 2026, FXI holds $6.23 B in assets under management (AUM), while MCHI manages $7.04 B.
What sectors do the FXI and MCHI ETFs invest in?
FXI leans toward sectors like Financials, Consumer Discretionary and Communication Services. Meanwhile, MCHI focuses on Consumer Discretionary, Communication Services and Financials.
What are the top holdings of the FXI ETF and MCHI ETF?
FXI top holdings include ALIBABA GROUP HOLDING LTD, TENCENT HOLDINGS and CHINA CONSTRUCTION BANK. MCHI holds in its top three: TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and CHINA CONSTRUCTION BANK.
Which ETF is more diversified: FXI or MCHI?
FXI holds 51 securities with 68.92% of its assets in the top 15. MCHI has 576 securities and a top 15 weight of 49.94%.
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