KCAIvsMCHETF Comparison
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KraneShares China Alpha Index ETF (KCAI) and Matthews China Active ETF (MCH) belong to the same industry segment: China Blended Cap. KCAI's top 3 sector exposures are Finance, Industrials and Technology. In contrast, MCH's top sector exposures are Finance, Technology and Non-Energy Materials. Both KCAI and MCH have the same Total Expense Ratio (TER) of 0.79%. KCAI is up 5.95% year-to-date (YTD) with -$5M in YTD flows. MCH performs worse with -11.24% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of KCAI and MCH 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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KCAI vs MCH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KCAI MCH | -4.33%-10.05% | -0.22%-9.88% | +5.95%-11.24% | +16.22%-12.07% | n/a+37.79% | n/an/a |
| Flows | KCAI MCH | +$1K-$4M | +$1K-$4M | -$5M-$4M | -$7M-$4M | --$8M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KCAI MCH | +9.37%+18.75% | +13.01%+21.87% | n/a+25.29% | n/an/a |
| Max drawdown | KCAI MCH | -4.33%-14.73% | -5.27%-17.01% | n/a-23.38% | n/an/a |
| Max drawdown duration | KCAI MCH | 28d71d | 76d264d | n/a309d | n/an/a |
Trading data
KCAI | MCH | |
Last sale 10/20/2026 at 3:22 PM | $32.11 | $25.31 |
| Previous close 10/20/2026 | $32.12 | $25.52 |
| Consolidated volume 10/20/2026 | ||
| 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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MCH
is actively managed and doesn’t replicate an indexKCAI | MCH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 3:22 PM
Live
Closed
KCAI | MCH | |
|---|---|---|
| Last price | $32.11 | $25.31 |
| 1D performance | -0.02% | -0.83% |
| AuM | $3.23 M | $16.12 M |
| E/R | 0.79% | 0.79% |
Characteristics
KCAI | MCH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | KraneShares | Matthews Asia |
| Benchmark | Qi China Alpha Index | - |
| N° of holdings | 39 | 51 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | July 13, 2022 |
| ESG | No | No |
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Exposure
Countries
KCAI
China
99.74%
Other
0.26%
MCH
China
87.4%
Hong Kong
7.46%
Other
5.14%
Sectors
KCAI
Finance
42.29%
Industrials
19.75%
Technology
18.4%
Non-Energy Materi.
9.97%
Consumer Cyclical.
9.33%
Other
0.26%
MCH
Finance
28.62%
Technology
26.28%
Non-Energy Materi.
10.64%
Industrials
10.16%
Consumer Non-Cycl.
7.74%
Healthcare
7.12%
Other
9.44%
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Diversification
KCAI
Total weight of top 15 holdings out of 15
47.59%
MCH
Total weight of top 15 holdings out of 15
55.95%
Top 15 holdings
Data as of August 31, 2026
KCAI
Suzhou TFC Optical Communication Co., Ltd.
3.74%
WUS Printed Circuit (Kunshan) Co., Ltd.
3.39%
Satellite Chemical Co., Ltd.
3.33%
Bank of China Ltd.
3.29%
COSCO SHIPPING Holdings Co. Ltd.
3.21%
China Construction Bank Corp.
3.20%
NAURA Technology Group Co., Ltd.
3.11%
Chongqing Rural Commercial Bank Co., Ltd.
3.10%
Industrial & Commercial Bank of China Ltd.
3.10%
Agricultural Bank of China Ltd.
3.09%
Bank of Jiangsu Co., Ltd.
3.06%
Bank of Beijing Co., Ltd.
3.03%
Zhejiang Juhua Co., Ltd.
3.01%
Bank of Nanjing Co., Ltd.
2.97%
CRRC Corp. Ltd.
2.96%
MCH
Tencent Holdings Ltd.
12.86%
Alibaba Group Holding Ltd.
5.69%
Meituan
3.90%
China Construction Bank Corp.
3.59%
Ping An Insurance (Group) Co. of China Ltd.
3.09%
China International Capital Corp. Ltd.
3.02%
Zijin Mining Group Co., Ltd.
2.97%
China Life Insurance Co. Ltd.
2.95%
Jiangsu Zhongtian Technology Co., Ltd.
2.88%
China Merchants Bank Co., Ltd.
2.69%
Bank of Ningbo Co., Ltd.
2.62%
WuXi AppTec Co., Ltd.
2.56%
JD.com, Inc.
2.44%
China Merchants Securities Co., Ltd.
2.40%
Innovent Biologics, Inc.
2.30%
Frequently asked questions about KCAI and MCH
How have the KCAI and MCH ETFs performed in 2026?
As of October 19, 2026, KCAI is up 5.95% year-to-date (YTD), while MCH has lost -11.24%. That puts KCAI better performer ahead so far this year.
Which ETF is attracting more investor money: KCAI or MCH?
Year-to-date, the KCAI ETF saw -$5M in flows, compared to -$4M for MCH.
Which ETF is more volatile: KCAI or MCH?
Over the past year, KCAI had a volatility of 13.01%, while MCH experienced 21.87%.
Which ETF is bigger: KCAI or MCH?
As of October 19, 2026, KCAI holds $3.23 M in assets under management (AUM), while MCH manages $16.12 M.
What sectors do the KCAI and MCH ETFs invest in?
KCAI leans toward sectors like Finance, Industrials and Technology. Meanwhile, MCH focuses on Finance, Technology and Non-Energy Materials.
What are the top holdings of the KCAI ETF and MCH ETF?
KCAI top holdings include Suzhou TFC Optical Communication Co., Ltd., WUS Printed Circuit (Kunshan) Co., Ltd. and Satellite Chemical Co., Ltd.. MCH holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan.
Which ETF is more diversified: KCAI or MCH?
KCAI holds 39 securities with 47.59% of its assets in the top 15. MCH has 52 securities and a top 15 weight of 55.95%.
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Latest news about KCAI & MCH
Andrew Mattock - Matthews China Active ETF (MCH)
March 15, 2023
MCH
Exploring fresh dividend investing strategies and foreign stocks
September 17, 2022
MCH
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