PGJvsMCHIETF Comparison
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Invesco Golden Dragon China ETF (PGJ) and iShares MSCI China ETF (MCHI) belong to the same industry segment: China Blended Cap. PGJ's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Consumer Services. In contrast, MCHI's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. PGJ is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.59% for MCHI. PGJ is down -25.6% year-to-date (YTD) with -$23M in YTD flows. MCHI performs better with -17.77% YTD performance, and -$919M in YTD flows. Run a side-by-side ETF comparison of PGJ 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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PGJ vs MCHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PGJ MCHI | -4.13%-6.25% | -11.49%-8.84% | -25.60%-17.77% | -33.97%-23.59% | -7.15%+27.47% | -47.19%-22.20% |
| Flows | PGJ MCHI | -$4M-$156M | -$5M-$45M | -$23M-$919M | -$34M-$919M | -$60M-$1.29B | -$13M+$2.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGJ MCHI | +19.45%+14.93% | +22.94%+18.23% | +30.12%+23.93% | +42.06%+27.87% |
| Max drawdown | PGJ MCHI | -18.23%-13.71% | -34.39%-24.09% | -36.97%-25.44% | -61.15%-49.29% |
| Max drawdown duration | PGJ MCHI | 77d77d | 364d364d | 389d389d | 1805d1420d |
Trading data
PGJ | MCHI | |
Last sale 10/27/2026 at 1:30 PM | $21.21 | $49.08 |
| Previous close 10/26/2026 | $21.22 | $49.12 |
| Consolidated volume 10/26/2026 | ||
| 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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PGJ | 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 10/27/2026 at 1:30 PM
Live
Closed
PGJ | MCHI | |
|---|---|---|
| Last price | $21.21 | $49.08 |
| 1D performance | -0.05% | -0.08% |
| AuM | $77.77 M | $5.53 B |
| E/R | 0.7% | 0.59% |
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Exposure
Countries
PGJ
China
98.87%
Other
1.13%
MCHI
China
89.8%
Other
10.2%
Sectors
PGJ
Technology
32.25%
Consumer Non-Cycl.
20.82%
Consumer Services
16.02%
Consumer Cyclical.
15.8%
Industrials
8.77%
Other
6.34%
MCHI
Technology
28.1%
Finance
21.74%
Consumer Non-Cycl.
15.08%
Consumer Cyclical.
7.01%
Other
28.07%
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Diversification
PGJ
Total weight of top 15 holdings out of 15
74.13%
MCHI
Total weight of top 15 holdings out of 15
47.52%
Top 15 holdings
Data as of August 31, 2026
PGJ
Yum China Holdings, Inc.
8.83%
JD.com, Inc.
8.24%
Alibaba Group Holding Ltd.
7.81%
NetEase, Inc.
6.54%
Baidu, Inc.
5.98%
Kanzhun Ltd.
4.66%
H World Group Ltd.
4.38%
New Oriental Education & Technology Group, Inc.
4.02%
Maase, Inc.
3.95%
Full Truck Alliance Co., Ltd.
3.83%
Vipshop Holdings Ltd.
3.71%
TAL Education Group
3.26%
NIO, Inc.
3.25%
Tencent Music Entertainment Group
3.13%
KE Holdings, Inc.
2.55%
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 PGJ and MCHI
How have the PGJ and MCHI ETFs performed in 2026?
As of October 26, 2026, PGJ is down -25.6% year-to-date (YTD), while MCHI has lost -17.77%. That puts MCHI better performer ahead so far this year.
Which ETF is attracting more investor money: PGJ or MCHI?
Year-to-date, the PGJ ETF saw -$23M in flows, compared to -$919M for MCHI.
Which ETF is more volatile: PGJ or MCHI?
Over the past year, PGJ had a volatility of 22.94%, while MCHI experienced 18.23%.
Which ETF is bigger: PGJ or MCHI?
As of October 26, 2026, PGJ holds $77.77 M in assets under management (AUM), while MCHI manages $5.53 B.
What sectors do the PGJ and MCHI ETFs invest in?
PGJ leans toward sectors like Technology, Consumer Non-Cyclicals and Consumer Services. Meanwhile, MCHI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the PGJ ETF and MCHI ETF?
PGJ top holdings include Yum China Holdings, Inc., JD.com, Inc. 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: PGJ or MCHI?
PGJ holds 68 securities with 74.13% of its assets in the top 15. MCHI has 577 securities and a top 15 weight of 47.52%.
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