IVV vs MCHI
iShares Core S&P 500 ETF vs iShares MSCI China ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. MCHI offers more diversification with 555 holdings.
Side-by-Side Comparison
| Metric | IVV | MCHI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $865.2B | $6.1B | |
| Dividend Yield | 1.09% | 2.14% | |
| Holdings | 508 | 582 | |
| YTD Return | +13.43% | -10.04% | |
| 1Y Return | +22.61% | -1.98% | |
| 3Y Return (annualized) | +21.47% | +9.33% | |
| 5Y Return (annualized) | +13.26% | -3.31% | |
| Volatility (annualized) | 15.1% | 23.4% | |
| Max Drawdown | -56.5% | -63.0% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 29, 2011 |
IVV vs MCHI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares MSCI China ETF (MCHI) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +22.61% while MCHI returned -1.98%. Year to date, IVV is up 13.43% versus a loss of 10.04% for MCHI.
Over three years, IVV compounded at +21.47% per year against +9.33% for MCHI; over five years the annualized figures are +13.26% and -3.31% respectively. Across the full 15-year window we track, IVV has the edge at +7.03% annualized vs +1.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCHI has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -63.0% for MCHI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MCHI charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.14% for MCHI.
Holdings Overlap
IVV and MCHI share 1 holdings out of 1059 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MCHI | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.07% | 0.08% |
Frequently Asked Questions
Which is cheaper, IVV or MCHI?
IVV has an expense ratio of 0.03% while MCHI charges 0.59%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or MCHI?
Over the past year IVV returned +22.61% vs -1.98% for MCHI, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.03% vs +1.12% for MCHI. Past performance does not guarantee future results.
Which is riskier, IVV or MCHI?
MCHI has been the more volatile fund at 23.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MCHI -63.0%.
Should I hold both IVV and MCHI?
IVV and MCHI have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MCHI?
IVV and MCHI share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1059 unique securities.
Which pays a higher dividend, IVV or MCHI?
IVV yields 1.09% while MCHI yields 2.14%, so MCHI currently pays the higher dividend yield.
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