MCHI vs VOO
iShares MSCI China ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. MCHI offers more diversification with 555 holdings.
Side-by-Side Comparison
| Metric | MCHI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $6.1B | $979.0B | |
| Dividend Yield | 2.14% | 1.09% | |
| Holdings | 582 | 509 | |
| YTD Return | -10.04% | +13.44% | |
| 1Y Return | -1.98% | +22.62% | |
| 3Y Return (annualized) | +9.33% | +21.47% | |
| 5Y Return (annualized) | -3.31% | +13.27% | |
| Volatility (annualized) | 23.4% | 14.1% | |
| Max Drawdown | -63.0% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 29, 2011 | Sep 7, 2010 |
MCHI vs VOO Performance
iShares MSCI China ETF (MCHI) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MCHI returned -1.98% while VOO returned +22.62%. Year to date, MCHI is down 10.04% versus a gain of 13.44% for VOO.
Over three years, MCHI compounded at +9.33% per year against +21.47% for VOO; over five years the annualized figures are -3.31% and +13.27% respectively. Across the full 15-year window we track, VOO has the edge at +13.55% 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 14.1% for VOO. 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 -63.0% for MCHI and -34.3% for VOO. 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
MCHI charges 0.59% per year while VOO charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, MCHI currently yields 2.14% against 1.09% for VOO.
Holdings Overlap
MCHI and VOO share 0 holdings out of 1060 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MCHI or VOO?
MCHI has an expense ratio of 0.59% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, MCHI or VOO?
Over the past year MCHI returned -1.98% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), MCHI annualized +1.12% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, MCHI or VOO?
MCHI has been the more volatile fund at 23.4% annualized versus 14.1% for VOO. Worst drawdown: MCHI -63.0% vs VOO -34.3%.
Should I hold both MCHI and VOO?
MCHI and VOO 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 MCHI and VOO?
MCHI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1060 unique securities.
Which pays a higher dividend, MCHI or VOO?
MCHI yields 2.14% while VOO yields 1.09%, so MCHI currently pays the higher dividend yield.
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