iShares MSCI China ETF (MCHI) Performance
MCHI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −17.9% since Dec 31, 2025
- 1 year
- −22.1% total return
- 5 years
- −5.4% a year
- 10 years
- +2.0% a year
- Since first price
- +1.7% a year since 2011
MCHI trailing returns vs SPY, QQQ, AGG
| Period | MCHI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.8% | −7.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.2% | −8.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −13.9% | −14.4% | +7.8% | +8.4% | −1.5% |
| YTD | −17.9% | −18.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −22.1% | −23.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +28.5%+8.7%/yr | +19.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −24.3%−5.4%/yr | −32.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +21.6%+2.0%/yr | +1.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +76.0%+3.8%/yr | +31.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 31, 2011 | +29.0%+1.7%/yr | −5.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MCHI vs SPY
From Mar 31, 2011: MCHI grew to $12,905, SPY to $75,184.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MCHI returns by calendar year
8 of 14 full years positive. Best 2017 (+54.7%), worst 2022 (−22.8%). 2026 is year to date.
MCHI annual returns table
| Year | MCHI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −17.9% | −23.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +31.0% | −22.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.7% | −22.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −11.3% | −27.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −22.8% | −45.1% | −18.2% | −32.6% | −13.0% |
| 2021 | −21.7% | −37.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +27.8% | −22.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +23.7% | −17.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −19.8% | −33.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +54.7% | −8.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.3% | −17.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −9.0% | −35.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +6.8% | −11.5% | +13.5% | +19.2% | +6.0% |
| 2013 | +2.2% | −20.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +23.4% | −15.9% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MCHI largest drawdowns
Now 43.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −62.8% | Oct 31, 2022 | not yet | 1.7 years | 5.7 years so far |
| Apr 28, 2015 | −43.2% | Feb 11, 2016 | Aug 25, 2017 | 9 months | 2.3 years |
| Apr 21, 2011 | −37.1% | Oct 4, 2011 | Jul 24, 2014 | 5 months | 3.3 years |
| Jan 26, 2018 | −33.2% | Oct 29, 2018 | Jul 8, 2020 | 9 months | 2.4 years |
| Sep 5, 2014 | −11.5% | Oct 2, 2014 | Jan 21, 2015 | 27 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MCHI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +9.2% | −2.8% | +2.6% | +2.1% |
| Volatility (annualized) | 21.0% | 28.1% | 24.3% | 23.3% |
| Sharpe ratio | 0.31 | -0.10 | 0.13 | 0.14 |
| Sortino ratio | 0.56 | -0.16 | 0.20 | 0.21 |
| Best month | +21.7% | +32.1% | +32.1% | +32.1% |
| Worst month | −10.3% | −16.4% | −16.4% | −19.1% |
| Best 12 months | +50.8% | +50.8% | +61.8% | +61.8% |
| Worst 12 months | −19.2% | −47.9% | −47.9% | −47.9% |
| Positive months | 53% | 47% | 52% | 53% |
| Beta vs S&P 500 | 0.25 | 0.33 | 0.51 | — |
| Correlation with S&P 500 | 0.15 | 0.19 | 0.32 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MCHI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 176 | −47.9% | +4.1% | +61.8% | 57% |
| 3-year (a year) | 152 | −23.7% | +6.6% | +24.7% | 70% |
| 5-year (a year) | 128 | −10.2% | +3.0% | +19.6% | 56% |
| 10-year (a year) | 68 | −0.5% | +2.7% | +8.4% | 96% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
MCHI performance overview
iShares MSCI China ETF (MCHI) returned −22.1% over the past year and +2.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +1.7% a year, turning $10,000 into about $12,905. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.8%, from Feb 17, 2021 to Oct 31, 2022; the fund has not yet regained that high. MCHI finished 8 of its 14 full calendar years with a gain; the best year was 2017 (+54.7%) and the worst 2022 (−22.8%). Volatility has been 23.3% a year.
Related: MCHI chart, MCHI holdings, MCHI dividends. See the MCHI overview for the latest quote and fund facts.
MCHI performance FAQ
What is the MCHI return over the past year?
MCHI returned −22.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 23.6%.
What is the average annual return of MCHI?
MCHI has returned −5.4% a year over 5 years, +2.0% a year over 10 years, +1.7% a year since March 31, 2011 (total return, distributions reinvested).
How much would $10,000 invested in MCHI be worth?
$10,000 invested in MCHI at its first recorded close on March 31, 2011 would be worth about $12,905 on October 23, 2026 with distributions reinvested.
What was the worst year for MCHI?
The worst calendar year was 2022, with a total return of −22.8%. The best was 2017 at +54.7%.
What is the biggest drawdown of MCHI?
The largest peak-to-trough decline was −62.8% between February 17, 2021 and October 31, 2022. It has not yet recovered to that high; it is 43.4% below its peak.
How volatile is MCHI?
Over the past 3 years MCHI had an annualized volatility of 21.0% and a Sharpe ratio of 0.31 (excess return over 1–3 month T-bills per unit of risk).