CNYA vs FLCH: Grades, Fees and Holdings Compared

iShares MSCI China A ETF

CNYAACboe

Franklin FTSE China ETF

FLCHANYSE Arca

Overlap

17.2%by weight

Expense ratio

FLCH −0.41pt a year

CNYA0.60%FLCH0.19%

Avg volume · 30D

FLCH 2.3×the volume

CNYA47.2KFLCH108K

5Y return · a year

FLCH +0.3pt

CNYA−4.4%FLCH−4.1%

CNYA vs FLCH Performance

Oct 29, 2021 – Oct 30, 2026

−20.2%CNYA−18.7%FLCH

Expense ratio: CNYA 0.60%; FLCH 0.19%, better
Fund size: CNYA $158M; FLCH $252M
1Y total return: CNYA −9.6%, better; FLCH −20.9%
Yield (12M): CNYA 2.13%; FLCH 2.63%, better
Holdings: CNYA 419; FLCH 1112
Avg volume (30D): CNYA 47.2K sh; FLCH 108K sh, better
NAV per share: CNYA $30.59; FLCH $19.38
52W range

ETF.net Grade

Pillar letters and Scores for CNYA, FLCH, with each pillar’s weight
Pillar	CNYA	FLCH
Cost30% weight	B67	A100Higher
Mission25% weight	A87	A87
Risk15% weight	B67Higher	B64
Tradability15% weight	C43	B62Higher
Holdings10% weight	A84Higher	B65
Durability5% weight	A77Higher	A70

Rank among China funds

How we build Categories ›

Same Category. CNYA and FLCH are both graded against the same 28 China funds, so their Grades compare head to head.

China⁠

Category · 28 funds

See all 28 ›

FLCH ranks 2nd and CNYA 7th of 28 funds in the China Category.

Rank 1ACXSEWisdomTree China ex-State-Owned Enterprises FundScore 81
Rank 2AFLCHFranklin FTSE China ETFScore 80
Rank 3AMCHIiShares MSCI China ETFScore 77
Rank 6AASHRXtrackers Harvest CSI 300 China A-Shares ETFScore 73
Rank 7ACNYAiShares MSCI China A ETFScore 70
Rank 8BECNSiShares MSCI China Small-Cap ETFScore 63

Our read on each fund

ETF.net Research

CNYAAiShares MSCI China A ETF

FLCHAFranklin FTSE China ETF

In short

CNYA Most China ETFs buy the offshore listings. CNYA goes onshore, owning the Shanghai and Shenzhen A-shares that mainland investors trade, through an MSCI index built around the Stock Connect channel.

FLCH Cheap and wide, in the best way. FLCH holds roughly a thousand Chinese stocks and charges 0.19% a year, a fraction of what most single-country China funds ask. Whole market, small toll.

Stated mandate

CNYA The Fund seeks to track an index of domestic Chinese equities traded on the Shanghai or Shenzhen Stock Exchange.

FLCH The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE China RIC Capped Index.

Why people hold it

CNYA Onshore, not offshore: the index is built from domestic Chinese equities listed in Shanghai and Shenzhen, a different company mix from the Hong Kong-listed China funds.ishares.com
At 0.60%, the fee undercuts the typical single-country China fund.
About 400 mainland names, and the fund has stayed unusually close to its index versus its China peer group.
Running since 2016 on an MSCI index designed to follow the phased entry of A-shares into the emerging markets benchmark.msci.com

FLCH 0.19% a year, against a roughly 0.70% median for China funds. It also undercuts the category stalwarts MCHI and GXC, both at 0.59%.
About 1,000 holdings, so you own the long tail of Chinese listings rather than a short list of mega-cap headline names.
One job, done tightly: mirror the FTSE China RIC Capped Index before fees. On tracking it ranks among the strongest builds in its China peer group.sec.gov

Worth knowing

CNYA Access runs through Stock Connect: the index covers only A-shares reachable via that channel, not the entire mainland market.msci.com msci.com 2
Cheaper China options exist (JCHI at 0.15%, FLCH at 0.19%), but they buy offshore-listed shares rather than mainland ones.msci.com
A smaller, moderately traded fund, so bid-ask spreads carry more weight here than with the largest China ETFs.

FLCH It is China or nothing. Policy shifts, regulatory news and the currency drive the ride, with no other market in the basket to cushion it.
Mid-sized and only moderately traded next to the category's giants, so bid-ask spreads can bite more on larger orders.
Cash comes once or twice a year, not monthly. This is an equity index vehicle, not an income schedule.

Full CNYA profile⁠

Full FLCH profile⁠

CNYA vs FLCH Holdings

How CNYA and FLCH differ

Overlap by weight

17.2%

Shared holdings make up 97.1% of CNYA and 17.2% of FLCH.

Level by level

Holdings398 in both17.2%
Sector11 Sectors63.4%
Countryby domicile97.3%
Asset classEquity100%

Sector

Sector weights in CNYA and FLCH, widest gap first
Sector	More in CNYAMore in FLCH	CNYA	FLCH
Consumer Discretionary	FLCH +17.7 points	4.4%	22.1%
Technology	CNYA +15.9 points	27.2%	11.3%
Communication	FLCH +15.3 points	1.2%	16.5%
Materials	CNYA +6.3 points	11.8%	5.5%
Industrials	CNYA +6.2 points	13.5%	7.3%
Consumer Staples	CNYA +4.2 points	7.5%	3.3%
Health Care	FLCH +2.3 points	4.7%	7.0%
Utilities	CNYA +2.0 points	3.9%	1.9%
Financials	CNYA +1.8 points	21.7%	19.9%
Real Estate	FLCH +1.1 points	0.5%	1.6%
Energy	CNYA +0.2 points	3.7%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in CNYA and FLCH, widest gap first
Country	More in CNYAMore in FLCH	CNYA	FLCH
China	CNYA +2.7 points	98.9%	96.2%
United States	FLCH +1.4 points	0.0%	1.4%
Hong Kong	FLCH +0.8 points	1.1%	1.9%
Other countries (3)	FLCH +0.5 points	0.0%	0.5%

Outside the US: CNYA 1% developed, 99% emerging. FLCH 2% developed, 98% emerging.

Concentration

Weight in the 10 largest Holdings

CNYA18.6%
FLCH39.3%

Securities held

CNYA416
FLCH1,109

Asset class

CNYA: Equity
FLCH: Equity

Holdings

Only in CNYA18
In both398
Only in FLCH711

Only in CNYA

18 securities, 2.5% of CNYA by weight

Midea Group A0.70%
China Life Insurance Ltd A0.17%
Sichuan Biokin Pharmaceutical A0.16%
Peric Special Gases Ltd A0.15%
Anhui Tongguan Copper Foil Group L0.14%
Suzhou Centec Communications Ltd A0.13%
Guangdong Dtech Technology Ltd A0.13%
Chongqing Polycomp International C0.12%
Beijing Huafeng Test & Control Tec0.11%
Jiujiang Defu Technology Ltd A0.11%
Guangzhou Guanggang Gases & Energy0.10%
Hunan Yuneng New Energy Battery Ma0.09%
Sichuan Huafeng Technology Ltd A0.09%
Shenyang Fortune Precision Equipme0.08%
Delton Technology (Guangzhou) Inc0.08%
Beijing Yandong Micro Electronic L0.06%
Shandong Sinocera Functional Mater0.04%
Kangmei Pharmaceutical Rights of I0.00%

Only in FLCH

711 securities, 82.8% of FLCH by weight

Tencent Holdings Ltd11.56%
Alibaba Group Holding Ltd8.88%
China Construction Bank-H4.38%
Ind & Comm Bk of China-H3.04%
Pdd Holdings Inc2.29%
Xiaomi Corp-Class B2.20%
Bank of China Ltd-H2.00%
Meituan-Class B1.90%
Netease Inc1.55%
Ping An Insurance Group C1.45%
Byd Co Ltd-H1.21%
Jd.com Inc-Class A1.19%
Petrochina Co Ltd-H1.09%
China Merchants Bank-H0.99%
Trip.com Group Ltd0.90%
Beone Medicines Ltd0.87%
China Life Insurance Co-H0.86%
Zijin Mining Group Co Ltd0.81%
Wuxi Biologics Cayman Inc0.80%
Baidu Inc-Class A-Hkd0.77%
Agricultural Bank of Chin0.71%
China Shenhua Energy Co-H0.69%
Innovent Biologics Inc0.63%
Yum China Holdings Inc0.59%
Picc Property & Casualty-0.55%
China Petroleum & Chemica0.53%
Ke Holdings Inc-Cl A0.45%
Kuaishou Technology0.45%
Pop Mart International Gr0.44%
Anta Sports Products Ltd0.44%
China Resources Land Ltd0.42%
Geely Automobile Holdings0.41%
Wuxi Apptec Co Ltd-H0.38%
Nongfu Spring Co Ltd-H0.36%
China Citic Bank Corp Ltd0.36%
H World Group Ltd0.35%
Contemporary Amperex Tech0.34%
Yangzijiang Shipbuilding0.34%
China Pacific Insurance G0.33%
China Hongqiao Group Ltd0.32%
Zto Express Cayman Inc0.31%
Bank of Communications Co0.30%
Cspc Pharmaceutical Group0.30%
Citic Ltd0.30%
New Oriental Education &0.29%
Midea Group Co Ltd-H0.29%
Akeso Inc0.28%
J&T Global Express Ltd0.28%
China Mengniu Dairy Co0.28%
Postal Savings Bank of Ch0.28%

Weight gaps

The 100 widest of 398 Holdings in both funds.

Holding weights in CNYA and FLCH, widest gap first
Holding	More in CNYAMore in FLCH	CNYA	FLCH
Kweichow Moutai A	CNYA +3.45 points	4.15%	0.70%
Contemporary Amperex Technology A	CNYA +2.04 points	2.45%	0.41%
China Merchants Bank A	CNYA +1.76 points	2.12%	0.36%
China Yangtze Power Ltd A	CNYA +1.43 points	1.72%	0.29%
Agricultural Bank of China A	CNYA +1.24 points	1.50%	0.26%
Zhongji Innolight A	CNYA +1.18 points	1.43%	0.25%
Ping An Insurance (Group) of China	CNYA +1.12 points	1.35%	0.23%
Zijin Mining Group Ltd A	CNYA +1.10 points	1.33%	0.23%
Cambricon Technologies Corporation	CNYA +1.06 points	1.28%	0.22%
Industrial and Commercial Bank of	CNYA +1.03 points	1.29%	0.27%
Bank of Communications Ltd A	CNYA +0.93 points	1.09%	0.16%
Byd A	CNYA +0.92 points	1.08%	0.16%
Foxconn Industrial Internet Ltd A	CNYA +0.89 points	1.10%	0.21%
Industrial Bank A	CNYA +0.81 points	0.98%	0.17%
Hygon Information Technology Ltd A	CNYA +0.77 points	0.93%	0.16%
Wuxi Apptec A	CNYA +0.70 points	0.84%	0.14%
Naura Technology Group Ltd A	CNYA +0.67 points	0.81%	0.14%
Petrochina A	CNYA +0.66 points	0.81%	0.15%
Shanghai Pudong Development Bank A	CNYA +0.67 points	0.80%	0.13%
Luxshare Precision Industry Ltd A	CNYA +0.63 points	0.76%	0.13%
Jiangsu Hengrui Medicine Ltd A	CNYA +0.58 points	0.71%	0.13%
Wuliangye Yibin Ltd A	CNYA +0.57 points	0.69%	0.12%
Citic Securities A	CNYA +0.57 points	0.69%	0.12%
Eoptolink Technology Inc A	CNYA +0.54 points	0.65%	0.11%
China Shenhua Energy Ltd A	CNYA +0.54 points	0.66%	0.12%
Bank of China Ltd A	CNYA +0.54 points	0.66%	0.12%
Shaanxi Coal Industry Ltd A	CNYA +0.52 points	0.63%	0.11%
East Money Information Ltd A	CNYA +0.52 points	0.64%	0.12%
Beijing-Shanghai High Speed Railwa	CNYA +0.50 points	0.60%	0.10%
China Construction Bank Corp A	CNYA +0.49 points	0.60%	0.11%
China Cssc Holdings Ltd A	CNYA +0.49 points	0.59%	0.10%
Wanhua Chemical Group Ltd A	CNYA +0.47 points	0.55%	0.08%
Bank of Jiangsu Corporation A	CNYA +0.46 points	0.56%	0.10%
Shenzhen Mindray Bio-Medical Elect	CNYA +0.46 points	0.55%	0.09%
China Molybdenum A	CNYA +0.45 points	0.55%	0.10%
Ping An Bank Ltd A	CNYA +0.45 points	0.54%	0.09%
Guotai Haitong Securities Ltd A	CNYA +0.44 points	0.53%	0.09%
Bank of Ningbo A	CNYA +0.43 points	0.53%	0.10%
Cosco Shipping Holdings Ltd A	CNYA +0.43 points	0.52%	0.09%
China Petroleum & Chemical A	CNYA +0.43 points	0.50%	0.07%
Shengyi Technology Ltd A	CNYA +0.43 points	0.51%	0.08%
Muyuan Foods Group Ltd A	CNYA +0.43 points	0.52%	0.09%
Advanced Micro-Fabrication Equipme	CNYA +0.41 points	0.49%	0.08%
China Pacific Insurance (Group) A	CNYA +0.40 points	0.48%	0.08%
China National Nuclear Power Ltd A	CNYA +0.39 points	0.47%	0.08%
China State Construction Engineeri	CNYA +0.39 points	0.46%	0.07%
Inner Mongolia Yili Industrial Gro	CNYA +0.37 points	0.44%	0.07%
Nari Technology A	CNYA +0.36 points	0.43%	0.07%
Wus Printed Circuit (Kunshan) A	CNYA +0.36 points	0.43%	0.07%
Montage Technology A	CNYA +0.36 points	0.43%	0.07%
Gigadevice Semiconductor Inc A	CNYA +0.36 points	0.43%	0.07%
China International Capital A	CNYA +0.36 points	0.42%	0.06%
Postal Savings Bank of China Ltd A	CNYA +0.34 points	0.41%	0.07%
Shennan Circuits Ltd A	CNYA +0.34 points	0.40%	0.06%
S.f. Holding Ltd A	CNYA +0.33 points	0.39%	0.06%
Suzhou Tfc Optical Communicationin	CNYA +0.32 points	0.39%	0.07%
Suzhou Dongshan Precision Manufact	CNYA +0.31 points	0.38%	0.07%
Shanxi Xinghuacun Fen Wine Factory	CNYA +0.31 points	0.37%	0.06%
Crrc Corp A	CNYA +0.30 points	0.37%	0.07%
Ningxia Baofeng Energy Group Ltd A	CNYA +0.30 points	0.37%	0.07%
Hithink Royalflush Information Net	CNYA +0.30 points	0.36%	0.06%
Boe Technology Group Ltd A	CNYA +0.30 points	0.37%	0.07%
Bank of Nanjing Ltd A	CNYA +0.30 points	0.36%	0.06%
Chaozhou Three-Circle (Group) Ltd	CNYA +0.29 points	0.35%	0.06%
Sany Heavy Industry Ltd A	CNYA +0.29 points	0.35%	0.06%
China Everbright Bank Ltd A	CNYA +0.28 points	0.34%	0.06%
Foshan Hai Tian Flavouring & Food	CNYA +0.27 points	0.34%	0.07%
Sungrow Power Supply Ltd A	CNYA +0.27 points	0.32%	0.05%
China United Network Communication	CNYA +0.27 points	0.33%	0.06%
China Merchants Energy Shipping Lt	CNYA +0.26 points	0.32%	0.06%
Bank of Shanghai Ltd A	CNYA +0.27 points	0.32%	0.05%
Baoshan Iron & Steel Ltd A	CNYA +0.26 points	0.31%	0.05%
Haier Smart Home Ltd A	CNYA +0.25 points	0.30%	0.05%
China Minsheng Banking A	CNYA +0.26 points	0.31%	0.05%
China Northern Rare Earth (Group)	CNYA +0.25 points	0.30%	0.05%
Jiangsu Hengli Hydraulic A	CNYA +0.25 points	0.29%	0.04%
Luzhou Lao Jiao Ltd A	CNYA +0.24 points	0.29%	0.05%
Piotech Inc A	CNYA +0.24 points	0.29%	0.05%
Weichai Power Ltd A	CNYA +0.25 points	0.30%	0.05%
Huatai Securities A	CNYA +0.24 points	0.29%	0.05%
Bank of Hangzhou A	CNYA +0.24 points	0.29%	0.05%
Sdic Power Holdings Ltd A	CNYA +0.23 points	0.28%	0.05%
Bank of Beijing Ltd A	CNYA +0.23 points	0.28%	0.05%
China Citic Bank Corp Ltd A	CNYA +0.23 points	0.28%	0.05%
Lens Technology A	CNYA +0.23 points	0.28%	0.05%
China Merchants Securities Ltd A	CNYA +0.22 points	0.27%	0.05%
Hangzhou Chang Chuan Technology Lt	CNYA +0.22 points	0.27%	0.05%
Zangge Mining Ltd A	CNYA +0.23 points	0.27%	0.04%
Gree Electric Appliances Inc of Zh	CNYA +0.22 points	0.28%	0.06%
Fuyao Glass Industry Group Ltd A	CNYA +0.22 points	0.26%	0.04%
Victory Giant Technology Huizhou L	CNYA +0.22 points	0.27%	0.05%
Zte Corp A	CNYA +0.22 points	0.26%	0.04%
Aluminum Corporation of China Ltd	CNYA +0.21 points	0.26%	0.05%
Beijing Kingsoft Office Software A	CNYA +0.21 points	0.25%	0.04%
Aecc Aviation Power Ltd A	CNYA +0.22 points	0.26%	0.04%
Avary Holding (Shenzhen) Ltd A	CNYA +0.21 points	0.26%	0.05%
China Tourism Group Duty Free Corp	CNYA +0.21 points	0.25%	0.04%
New China Life Insurance Ltd A	CNYA +0.21 points	0.25%	0.04%
Qinghai Salt Lake Industry Ltd A	CNYA +0.21 points	0.26%	0.05%
Omnivision Integrated Circuits Gro	CNYA +0.20 points	0.24%	0.04%

All 416 CNYA holdings⁠All 967 FLCH holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CNYA vs FLCH Cost

Overpaying CNYA vs FLCH

$7,865

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CNYA 0.60%
$11,817
FLCH 0.19%
$3,952

Amount$10,000

Years30 years

Cost over time

CNYA 0.60%
FLCH 0.19%
Overpaying

Year by year

Year	CNYA	FLCH	Overpaying
10	$1,076	$347	$729
20	$4,116	$1,351	$2,765
30	$11,817	$3,952	$7,865

Expense ratio

0.60%CNYA
0.19%FLCH, cheaper

FLCH0.19%CNYA0.60%

0.19%5.01%

Middle half of China funds
Median 0.65%

FLCH cheapest of 28 funds

CNYA 9th cheapest of 28 funds

CNYA vs FLCH Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CNYA 2.13%; FLCH 2.63%, better
Payout (12M): CNYA $0.65; FLCH $0.51
Last payment: CNYA $0.10; FLCH $0.14
Ex-dividend: CNYA Jun 15, 2026; FLCH Jun 26, 2026
Paid on: CNYA Jun 18, 2026; FLCH Jul 6, 2026
Frequency: CNYA Twice a year; FLCH Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

CNYATwice a year · 19 paymentsAll CNYA payments⁠

FLCHTwice a year · 18 paymentsAll FLCH payments⁠

CNYA vs FLCH Risk

Fall from peak · 5 years

CNYA
FLCH

Risk facts

VolatilityStd dev, 3 years: CNYA 20.2%, betterFLCH 21.1%
Return per unit of riskSharpe ratio, 3 years: CNYA 0.21FLCH 0.29, better
Worst fallMax drawdown, 5 years: CNYA −44.6%, betterFLCH −48.1%
Market sensitivityBeta, 5 years: CNYA 0.60FLCH 0.55; Market = 1

CNYA and FLCH in the news

All news⁠

Deep Dive
Korea funds gained 94% this year. China internet funds lost 28%
Sep 13, 2026CNYA

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CNYA vs FLCH

In short

Stated mandate

Why people hold it

Worth knowing

How CNYA and FLCH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CNYA

Only in FLCH

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Korea funds gained 94% this year. China internet funds lost 28%

How CNYA and FLCH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CNYA

Only in FLCH

Weight gaps