iShares MSCI China Multisector Tech ETF (TCHI) Performance
TCHI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −18.0% since Dec 31, 2025
- 1 year
- −22.0% total return
- 3 years
- +8.7% a year
- Since first price
- −3.4% a year since 2022
TCHI trailing returns vs SPY, QQQ, AGG
| Period | TCHI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −16.2% | −16.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −18.0% | −18.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −17.9% | −18.2% | +7.8% | +8.4% | −1.5% |
| YTD | −18.0% | −18.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −22.0% | −23.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +28.4%+8.7%/yr | +17.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 1, 2022 | −15.0%−3.4%/yr | −23.5% | — | — | — |
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: TCHI vs SPY
From Feb 1, 2022: TCHI grew to $8,504, SPY to $17,876.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TCHI returns by calendar year
2 of 3 full years positive. Best 2025 (+33.1%), worst 2023 (−5.6%). 2026 is year to date.
TCHI annual returns table
| Year | TCHI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −18.0% | −28.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.1% | −27.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.1% | −21.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −5.6% | −26.6% | +26.2% | +54.9% | +5.7% |
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.
TCHI largest drawdowns
Now 28.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 9, 2022 | −44.0% | Oct 24, 2022 | Aug 25, 2025 | 8 months | 3.5 years |
| Oct 2, 2025 | −29.1% | Oct 22, 2026 | not yet | 1.1 years | 1.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TCHI risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +11.5% | +0.6% |
| Volatility (annualized) | 28.1% | 32.1% |
| Sharpe ratio | 0.37 | 0.05 |
| Sortino ratio | 0.62 | 0.08 |
| Best month | +25.5% | +26.8% |
| Worst month | −16.4% | −17.6% |
| Best 12 months | +60.7% | +60.7% |
| Worst 12 months | −16.4% | −30.5% |
| Positive months | 53% | 49% |
| Beta vs S&P 500 | 0.85 | — |
| Correlation with S&P 500 | 0.38 | — |
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.
TCHI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 45 | −30.5% | +9.1% | +60.7% | 60% |
| 3-year (a year) | 21 | −2.1% | +9.1% | +23.7% | 86% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
TCHI performance overview
iShares MSCI China Multisector Tech ETF (TCHI) returned −22.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −3.4% a year, turning $10,000 into about $8,504. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −44.0%, from Feb 9, 2022 to Oct 24, 2022, and it took 2.8 years to get back to the old high. TCHI finished 2 of its 3 full calendar years with a gain; the best year was 2025 (+33.1%) and the worst 2023 (−5.6%). Volatility has been 32.1% a year.
Related: TCHI chart, TCHI holdings, TCHI dividends. See the TCHI overview for the latest quote and fund facts.
TCHI performance FAQ
What is the TCHI return over the past year?
TCHI returned −22.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 23.8%.
How much would $10,000 invested in TCHI be worth?
$10,000 invested in TCHI at its first recorded close on February 1, 2022 would be worth about $8,504 on October 23, 2026 with distributions reinvested.
What was the worst year for TCHI?
The worst calendar year was 2023, with a total return of −5.6%. The best was 2025 at +33.1%.
What is the biggest drawdown of TCHI?
The largest peak-to-trough decline was −44.0% between February 9, 2022 and October 24, 2022. It recovered to the old high on August 25, 2025, 2.8 years after the bottom.
How volatile is TCHI?
Over the past 3 years TCHI had an annualized volatility of 28.1% and a Sharpe ratio of 0.37 (excess return over 1–3 month T-bills per unit of risk).