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 Finance, Technology and Consumer Non-Cyclicals. In contrast, MCHI's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. FXI is more expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.59% for MCHI. FXI is down -7.08% year-to-date (YTD) with -$1.64B in YTD flows. MCHI performs worse with -8.42% YTD performance, and -$763M 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 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXI MCHI | -2.60%-1.29% | +0.85%-0.36% | -7.08%-8.42% | -7.72%-8.97% | +39.64%+31.64% | -2.56%-13.20% |
| Flows | FXI MCHI | -+$132M | -$1.28B+$15M | -$1.64B-$763M | -$1.81B-$814M | -$1.64B-$1.73B | +$790M+$2.90B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXI MCHI | +19.95%+18.90% | +19.32%+19.30% | +25.35%+24.05% | +29.37%+28.05% |
| Max drawdown | FXI MCHI | -12.94%-11.45% | -23.30%-23.40% | -23.30%-23.40% | -49.98%-51.17% |
| Max drawdown duration | FXI MCHI | 57d90d | 333d333d | 333d333d | 1365d1819d |
Trading data
FXI | MCHI | |
Last sale 9/1/2026 at 1:30 PM | $35.34 | $54.41 |
| Previous close 08/31/2026 | $35.37 | $54.72 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 9/1/2026 at 1:30 PM
Live
Closed
FXI | MCHI | |
|---|---|---|
| Last price | $35.34 | $54.41 |
| 1D performance | -0.08% | -0.57% |
| AuM | $4.23 B | $6.33 B |
| E/R | 0.73% | 0.59% |
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Exposure
Countries
FXI
China
94.12%
Other
5.88%
MCHI
China
89.49%
Other
10.51%
Sectors
FXI
Finance
36.52%
Technology
20.8%
Consumer Non-Cycl.
10.22%
Consumer Cyclical.
9.44%
Consumer Services
7.4%
Other
15.62%
MCHI
Technology
27.67%
Finance
21.72%
Consumer Non-Cycl.
15.35%
Consumer Cyclical.
7.73%
Other
27.52%
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Diversification
FXI
Total weight of top 15 holdings out of 15
70.57%
MCHI
Total weight of top 15 holdings out of 15
48.94%
Top 15 holdings
Data as of July 31, 2026
FXI
China Construction Bank Corp.
9.01%
Tencent Holdings Ltd.
8.80%
Alibaba Group Holding Ltd.
8.77%
Industrial & Commercial Bank of China Ltd.
6.28%
Xiaomi Corp.
5.49%
Meituan
5.14%
Ping An Insurance (Group) Co. of China Ltd.
3.86%
NetEase, Inc.
3.81%
Bank of China Ltd.
3.81%
BYD Co., Ltd.
3.56%
JD.com, Inc.
3.22%
Trip.com Group Ltd.
2.25%
Baidu, Inc.
2.22%
China Life Insurance Co. Ltd.
2.19%
PetroChina Co., Ltd.
2.15%
MCHI
Tencent Holdings Ltd.
14.43%
Alibaba Group Holding Ltd.
9.29%
China Construction Bank Corp.
3.92%
Xiaomi Corp.
2.64%
Industrial & Commercial Bank of China Ltd.
2.47%
Meituan
2.32%
PDD Holdings, Inc.
1.94%
Ping An Insurance (Group) Co. of China Ltd.
1.90%
Bank of China Ltd.
1.84%
NetEase, Inc.
1.80%
BYD Co., Ltd.
1.73%
JD.com, Inc.
1.46%
China Life Insurance Co. Ltd.
1.07%
Trip.com Group Ltd.
1.07%
PetroChina Co., Ltd.
1.06%
Frequently asked questions about FXI and MCHI
How have the FXI and MCHI ETFs performed in 2026?
As of August 31, 2026, FXI is down -7.08% year-to-date (YTD), while MCHI has lost -8.42%. That puts FXI better performer ahead so far this year.
Which ETF is attracting more investor money: FXI or MCHI?
Year-to-date, the FXI ETF saw -$1.64B in flows, compared to -$763M for MCHI.
Which ETF is more volatile: FXI or MCHI?
Over the past year, FXI had a volatility of 19.32%, while MCHI experienced 19.3%.
Which ETF is bigger: FXI or MCHI?
As of August 31, 2026, FXI holds $4.23 B in assets under management (AUM), while MCHI manages $6.33 B.
What sectors do the FXI and MCHI ETFs invest in?
FXI leans toward sectors like Finance, Technology and Consumer Non-Cyclicals. Meanwhile, MCHI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the FXI ETF and MCHI ETF?
FXI top holdings include China Construction Bank Corp., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. MCHI holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp..
Which ETF is more diversified: FXI or MCHI?
FXI holds 51 securities with 70.57% of its assets in the top 15. MCHI has 574 securities and a top 15 weight of 48.94%.
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