MCHvsFLCHETF Comparison
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Matthews China Active ETF (MCH) and Franklin FTSE China ETF (FLCH) belong to the same industry segment: China Blended Cap. MCH's top 3 sector exposures are Finance, Technology and Non-Energy Materials. In contrast, FLCH's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. MCH is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.19% for FLCH. MCH is down -15.61% year-to-date (YTD) with -$4M in YTD flows. FLCH performs worse with -18.57% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of MCH and FLCH 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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MCH vs FLCH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MCH FLCH | -11.26%-6.93% | -14.55%-11.84% | -15.61%-18.57% | -20.30%-23.09% | +27.93%+25.57% | n/a-20.03% |
| Flows | MCH FLCH | -$4M-$33M | -$4M-$14M | -$4M+$34M | -$4M+$82M | -$8M+$150M | -+$176M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MCH FLCH | +18.68%+14.68% | +22.07%+18.90% | +25.39%+23.10% | n/a+26.33% |
| Max drawdown | MCH FLCH | -18.92%-13.93% | -21.09%-23.91% | -23.38%-25.26% | n/a-48.70% |
| Max drawdown duration | MCH FLCH | 80d80d | 273d273d | 309d392d | n/a1395d |
Trading data
MCH | FLCH | |
Last sale 10/30/2026 at 1:30 PM | $24.03 | $19.45 |
| Previous close 10/29/2026 | $24.19 | $19.35 |
| Consolidated volume 10/29/2026 | ||
| 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 indexMCH | FLCH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
MCH | FLCH | |
|---|---|---|
| Last price | $24.03 | $19.45 |
| 1D performance | -0.67% | +0.52% |
| AuM | $15.33 M | $250.65 M |
| E/R | 0.79% | 0.19% |
Characteristics
MCH | FLCH | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | Franklin Templeton |
| Benchmark | - | FTSE China RIC Capped Index |
| N° of holdings | 53 | 927 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 13, 2022 | November 2, 2017 |
| ESG | No | No |
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Exposure
Countries
MCH
China
87.45%
Hong Kong
8%
Other
4.55%
FLCH
China
91.51%
Other
8.49%
Sectors
MCH
Finance
29.48%
Technology
26.34%
Non-Energy Materi.
10.55%
Industrials
9.45%
Healthcare
7.34%
Other
16.84%
FLCH
Technology
25.43%
Finance
22.16%
Consumer Non-Cycl.
15.71%
Industrials
7.44%
Other
29.26%
Diversification
MCH
Total weight of top 15 holdings out of 15
56.44%
FLCH
Total weight of top 15 holdings out of 15
45.62%
Top 15 holdings
Data as of September 30, 2026
MCH
Tencent Holdings Ltd.
12.93%
Alibaba Group Holding Ltd.
4.90%
China Construction Bank Corp.
4.79%
Meituan
3.96%
Ping An Insurance (Group) Co. of China Ltd.
3.42%
China Life Insurance Co. Ltd.
3.14%
China International Capital Corp. Ltd.
2.97%
Bank of Ningbo Co., Ltd.
2.85%
WuXi AppTec Co., Ltd.
2.80%
China Merchants Bank Co., Ltd.
2.60%
China Merchants Securities Co., Ltd.
2.54%
Zijin Mining Group Co., Ltd.
2.45%
JD.com, Inc.
2.42%
Jiangsu Zhongtian Technology Co., Ltd.
2.42%
Kingboard Holdings Ltd.
2.26%
FLCH
Tencent Holdings Ltd.
12.79%
Alibaba Group Holding Ltd.
9.65%
China Construction Bank Corp.
3.94%
Industrial & Commercial Bank of China Ltd.
2.82%
PDD Holdings, Inc.
2.20%
Xiaomi Corp.
2.09%
Bank of China Ltd.
1.90%
Meituan
1.85%
NetEase, Inc.
1.54%
Ping An Insurance (Group) Co. of China Ltd.
1.48%
BYD Co., Ltd.
1.35%
JD.com, Inc.
1.20%
China Life Insurance Co. Ltd.
1.00%
WuXi Biologics (Cayman), Inc.
0.93%
PetroChina Co., Ltd.
0.90%
Frequently asked questions about MCH and FLCH
How have the MCH and FLCH ETFs performed in 2026?
As of October 29, 2026, MCH is down -15.61% year-to-date (YTD), while FLCH has lost -18.57%. That puts MCH better performer ahead so far this year.
Which ETF is attracting more investor money: MCH or FLCH?
Year-to-date, the MCH ETF saw -$4M in flows, compared to +$34M for FLCH.
Which ETF is more volatile: MCH or FLCH?
Over the past year, MCH had a volatility of 22.07%, while FLCH experienced 18.9%.
Which ETF is bigger: MCH or FLCH?
As of October 29, 2026, MCH holds $15.33 M in assets under management (AUM), while FLCH manages $250.65 M.
What sectors do the MCH and FLCH ETFs invest in?
MCH leans toward sectors like Finance, Technology and Non-Energy Materials. Meanwhile, FLCH focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the MCH ETF and FLCH ETF?
MCH top holdings include Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp.. FLCH holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp..
Which ETF is more diversified: MCH or FLCH?
MCH holds 54 securities with 56.44% of its assets in the top 15. FLCH has 1030 securities and a top 15 weight of 45.62%.
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Latest news about MCH & FLCH
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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