CNYA vs MCHI: Grades, Fees and Holdings Compared

iShares MSCI China A ETF

CNYAACboe

iShares MSCI China ETF

MCHIANasdaq

Overlap

16.9%by weight

Expense ratio

MCHI −0.01pt a year

CNYA0.60%MCHI0.59%

Avg volume · 30D

MCHI 47.4×the volume

CNYA47.2KMCHI2.24M

10Y return · a year

CNYA +1.3pt

CNYA+3.6%MCHI+2.3%

CNYA vs MCHI Performance

Oct 29, 2021 – Oct 30, 2026

−20.2%CNYA−20.6%MCHI

Expense ratio: CNYA 0.60%; MCHI 0.59%, better
Fund size: CNYA $158M; MCHI $5.49B
1Y total return: CNYA −9.6%, better; MCHI −21.3%
Yield (12M): CNYA 2.13%; MCHI 2.23%, better
Holdings: CNYA 419; MCHI 581
Avg volume (30D): CNYA 47.2K sh; MCHI 2.24M sh, better
NAV per share: CNYA $30.59; MCHI $48.89
52W range

ETF.net Grade

Pillar letters and Scores for CNYA, MCHI, with each pillar’s weight
Pillar	CNYA	MCHI
Cost30% weight	B67	A78Higher
Mission25% weight	A87	A87
Risk15% weight	B67Higher	B62
Tradability15% weight	C43	A88Higher
Holdings10% weight	A84Higher	B58
Durability5% weight	A77	A91Higher

Rank among China funds

How we build Categories ›

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

China⁠

Category · 28 funds

See all 28 ›

MCHI ranks 3rd 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 4AGXCState Street SPDR S&P China ETFScore 76
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

MCHIAiShares MSCI 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.

MCHI The default one-ticker way to own China. MCHI has tracked the MSCI China Index since 2011, holding roughly 600 stocks open to international investors, and it stays actively traded.

Stated mandate

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

MCHI The fund seeks to track an index of Chinese equities available to international investors.

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

MCHI One ticker, roughly 600 Chinese stocks. Instead of picking among share classes and listings, you get the MSCI China Index (Net) in a single line item.ishares.com
0.59% expense ratio, below the middle of the single-country China pack, and the fund has hewed closely to its stated index mandate.
Running since 2011 and now a multi-billion-dollar fund that trades actively, which is why it turns up as the reference China holding in so many portfolios.
One of the stronger implementations in its peer group on tradability and staying power, both scored in the top tier of the China cohort.

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.

MCHI Cheaper broad-China options exist: FLCH charges 0.19% and JPMorgan's active JCHI 0.15%. You are paying up for MCHI's depth and liquidity.
Single-country equity risk, undiluted. Chinese regulation, currency and policy swings hit the whole basket at once, and the index leans heavily on its biggest names.
Distributions come once or twice a year, not monthly, so cash flow arrives in lumps.

Full CNYA profile⁠

Full MCHI profile⁠

CNYA vs MCHI Holdings

How CNYA and MCHI differ

Overlap by weight

16.9%

Shared holdings make up 100% of CNYA and 16.9% of MCHI.

Level by level

Holdings415 in both16.9%
Sector11 Sectors62.4%
Countryby domicile96.6%
Asset classEquity100%

Sector

Sector weights in CNYA and MCHI, widest gap first
Sector	More in CNYAMore in MCHI	CNYA	MCHI
Consumer Discretionary	MCHI +18.7 points	4.4%	23.1%
Technology	CNYA +16.7 points	27.2%	10.5%
Communication	MCHI +16.2 points	1.2%	17.4%
Industrials	CNYA +8.1 points	13.5%	5.4%
Materials	CNYA +6.6 points	11.8%	5.2%
Consumer Staples	CNYA +4.5 points	7.5%	3.0%
Utilities	CNYA +1.9 points	3.9%	2.0%
Health Care	MCHI +1.3 points	4.7%	6.0%
Real Estate	MCHI +1.1 points	0.5%	1.6%
Financials	MCHI +0.2 points	21.7%	21.9%
Energy	MCHI +0.1 points	3.7%	3.8%

Country, concentration and asset class

Country by domicile

Country weights in CNYA and MCHI, widest gap first
Country	More in CNYAMore in MCHI	CNYA	MCHI
China	CNYA +3.4 points	98.9%	95.5%
Hong Kong	MCHI +1.8 points	1.1%	2.9%
United States	MCHI +1.6 points	0.0%	1.6%

Outside the US: CNYA 1% developed, 99% emerging. MCHI 3% developed, 97% emerging.

Concentration

Weight in the 10 largest Holdings

CNYA18.6%
MCHI42.2%

Securities held

CNYA416
MCHI576

Asset class

CNYA: Equity
MCHI: Equity

Holdings

Only in CNYA1
In both415
Only in MCHI161

Only in CNYA

1 security, 0.0% of CNYA by weight

Kangmei Pharmaceutical Rights of I0.00%

Only in MCHI

161 securities, 82.7% of MCHI by weight

Tencent Holdings13.21%
Alibaba Group Holding9.14%
China Construction Bank Corp H4.84%
Industrial and Commercial Bank of2.88%
Xiaomi2.54%
Bank of China Ltd H2.30%
Meituan2.02%
Pdd Holdings Ads1.78%
Netease1.75%
Ping An Insurance (Group) Co of Ch1.72%
Byd H1.41%
Jd.com Class A1.29%
Petrochina H1.29%
China Merchants Bank H1.16%
Agricultural Bank of China H1.05%
Trip.com Group1.02%
China Life Insurance Ltd H1.00%
Beone Medicines AG0.99%
Zijin Mining Group Ltd H0.94%
Baidu0.88%
Wuxi Biologics Cayman0.88%
Lenovo Group0.86%
China Shenhua Energy Ltd H0.81%
Yum China Holdings Inc0.67%
Innovent Biologics0.64%
Picc Property and Casualty Ltd H0.63%
China Petroleum and Chemical H0.62%
Anta Sports Products Ltd0.53%
Ke Holdings0.52%
Geely Automobile Holdings Ltd0.51%
China Resources Land0.49%
Kuaishou Technology0.42%
Nongfu Spring Ltd H0.42%
Wuxi Apptec H0.41%
China Pacific Insurance (Group) H0.39%
H World Group Adr0.39%
China Citic Bank Corp Ltd H0.38%
Pop Mart International Group0.38%
China Hongqiao Group Ltd0.36%
Cspc Pharmaceutical Group0.36%
Bank of Communications Ltd H0.35%
Zto Express (Cayman) Inc0.34%
Contemporary Amperex Technology Class0.33%
China Mengniu Dairy Ltd0.33%
Citic Ltd0.31%
Akeso Inc0.30%
Li Auto Class A0.28%
New Oriental Education & Technolog0.27%
China Overseas Land Investment0.27%
Postal Savings Bank of China Ltd H0.27%

Weight gaps

The 100 widest of 415 Holdings in both funds.

Holding weights in CNYA and MCHI, widest gap first
Holding	More in CNYAMore in MCHI	CNYA	MCHI
Kweichow Moutai A	CNYA +3.46 points	4.15%	0.69%
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 +1.25 points	1.50%	0.25%
Zhongji Innolight A	CNYA +1.18 points	1.43%	0.25%
Ping An Insurance (Group) of China	CNYA +1.13 points	1.35%	0.22%
Zijin Mining Group Ltd A	CNYA +1.11 points	1.33%	0.22%
Industrial and Commercial Bank of	CNYA +1.08 points	1.29%	0.22%
Cambricon Technologies Corporation	CNYA +1.06 points	1.28%	0.22%
Foxconn Industrial Internet Ltd A	CNYA +0.91 points	1.10%	0.19%
Bank of Communications Ltd A	CNYA +0.91 points	1.09%	0.18%
Byd A	CNYA +0.90 points	1.08%	0.18%
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%
Petrochina A	CNYA +0.68 points	0.81%	0.13%
Naura Technology Group Ltd A	CNYA +0.67 points	0.81%	0.14%
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 +0.59 points	0.71%	0.12%
Citic Securities A	CNYA +0.57 points	0.69%	0.12%
Wuliangye Yibin Ltd A	CNYA +0.57 points	0.69%	0.12%
Midea Group A	CNYA +0.57 points	0.70%	0.13%
China Shenhua Energy Ltd A	CNYA +0.55 points	0.66%	0.11%
Bank of China Ltd A	CNYA +0.55 points	0.66%	0.11%
Eoptolink Technology Inc A	CNYA +0.54 points	0.65%	0.11%
East Money Information Ltd A	CNYA +0.53 points	0.64%	0.11%
Shaanxi Coal Industry Ltd A	CNYA +0.52 points	0.63%	0.11%
China Construction Bank Corp A	CNYA +0.50 points	0.60%	0.10%
Beijing-Shanghai High Speed Railwa	CNYA +0.50 points	0.60%	0.10%
China Cssc Holdings Ltd A	CNYA +0.49 points	0.59%	0.10%
Bank of Jiangsu Corporation A	CNYA +0.47 points	0.56%	0.09%
Wanhua Chemical Group Ltd A	CNYA +0.46 points	0.55%	0.09%
Shenzhen Mindray Bio-Medical Elect	CNYA +0.46 points	0.55%	0.09%
China Molybdenum A	CNYA +0.46 points	0.55%	0.09%
Ping An Bank Ltd A	CNYA +0.45 points	0.54%	0.09%
Cosco Shipping Holdings Ltd A	CNYA +0.44 points	0.52%	0.08%
Bank of Ningbo A	CNYA +0.44 points	0.53%	0.09%
Guotai Haitong Securities Ltd A	CNYA +0.43 points	0.53%	0.10%
Muyuan Foods Group Ltd A	CNYA +0.43 points	0.52%	0.09%
Shengyi Technology Ltd A	CNYA +0.42 points	0.51%	0.09%
China Petroleum & Chemical A	CNYA +0.42 points	0.50%	0.08%
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 +0.38 points	0.46%	0.08%
Inner Mongolia Yili Industrial Gro	CNYA +0.36 points	0.44%	0.08%
Wus Printed Circuit (Kunshan) A	CNYA +0.36 points	0.43%	0.07%
Nari Technology 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 +0.32 points	0.38%	0.06%
Shanxi Xinghuacun Fen Wine Factory	CNYA +0.31 points	0.37%	0.06%
Crrc Corp A	CNYA +0.31 points	0.37%	0.06%
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%
Bank of Nanjing Ltd A	CNYA +0.30 points	0.36%	0.06%
Boe Technology Group Ltd A	CNYA +0.31 points	0.37%	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 +0.28 points	0.34%	0.06%
China United Network Communication	CNYA +0.28 points	0.33%	0.05%
Bank of Shanghai Ltd A	CNYA +0.27 points	0.32%	0.05%
Sungrow Power Supply Ltd A	CNYA +0.27 points	0.32%	0.05%
China Merchants Energy Shipping Lt	CNYA +0.27 points	0.32%	0.05%
Baoshan Iron & Steel Ltd A	CNYA +0.26 points	0.31%	0.05%
China Minsheng Banking A	CNYA +0.26 points	0.31%	0.05%
Haier Smart Home Ltd A	CNYA +0.25 points	0.30%	0.05%
China Northern Rare Earth (Group)	CNYA +0.25 points	0.30%	0.05%
Weichai Power Ltd A	CNYA +0.25 points	0.30%	0.05%
Luzhou Lao Jiao Ltd A	CNYA +0.24 points	0.29%	0.04%
Jiangsu Hengli Hydraulic A	CNYA +0.25 points	0.29%	0.04%
Piotech Inc A	CNYA +0.24 points	0.29%	0.05%
Gree Electric Appliances Inc of Zh	CNYA +0.24 points	0.28%	0.04%
Sdic Power Holdings Ltd A	CNYA +0.23 points	0.28%	0.05%
Bank of Hangzhou A	CNYA +0.24 points	0.29%	0.05%
Huatai Securities A	CNYA +0.24 points	0.29%	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%	0.04%
Hangzhou Chang Chuan Technology Lt	CNYA +0.23 points	0.27%	0.04%
China Merchants Securities Ltd A	CNYA +0.22 points	0.27%	0.05%
Lens Technology A	CNYA +0.23 points	0.28%	0.05%
Victory Giant Technology Huizhou L	CNYA +0.22 points	0.27%	0.05%
Zangge Mining Ltd A	CNYA +0.23 points	0.27%	0.04%
Fuyao Glass Industry Group Ltd A	CNYA +0.22 points	0.26%	0.04%
Aecc Aviation Power Ltd A	CNYA +0.22 points	0.26%	0.04%
Aluminum Corporation of China Ltd	CNYA +0.22 points	0.26%	0.04%
Avary Holding (Shenzhen) Ltd A	CNYA +0.22 points	0.26%	0.04%
Zte Corp A	CNYA +0.22 points	0.26%	0.04%
Beijing Kingsoft Office Software A	CNYA +0.21 points	0.25%	0.04%
Qinghai Salt Lake Industry Ltd A	CNYA +0.21 points	0.26%	0.05%
China Tourism Group Duty Free Corp	CNYA +0.21 points	0.25%	0.04%
Hengtong Optic Electric Ltd A	CNYA +0.21 points	0.25%	0.04%

All 416 CNYA holdings⁠All 577 MCHI 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 MCHI Cost

Overpaying CNYA vs MCHI

$182

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

CNYA 0.60%
$11,817
MCHI 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

CNYA 0.60%
MCHI 0.59%
Overpaying

Year by year

Year	CNYA	MCHI	Overpaying
10	$1,076	$1,058	$18
20	$4,116	$4,051	$65
30	$11,817	$11,635	$182

Expense ratio

0.60%CNYA
0.59%MCHI, cheaper

MCHI0.59%CNYA0.60%

0.19%5.01%

Middle half of China funds
Median 0.65%

MCHI 5th cheapest of 28 funds

CNYA 9th cheapest of 28 funds

CNYA vs MCHI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CNYA 2.13%; MCHI 2.23%, better
Payout (12M): CNYA $0.65; MCHI $1.10
Last payment: CNYA $0.10; MCHI $0.36
Ex-dividend: CNYA Jun 15, 2026; MCHI Jun 15, 2026
Paid on: CNYA Jun 18, 2026; MCHI Jun 18, 2026
Frequency: CNYA Twice a year; MCHI Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

CNYATwice a year · 19 paymentsAll CNYA payments⁠

MCHITwice a year · 19 paymentsAll MCHI payments⁠

CNYA vs MCHI Risk

Fall from peak · 5 years

CNYA
MCHI

Risk facts

VolatilityStd dev, 3 years: CNYA 20.2%, betterMCHI 21.2%
Return per unit of riskSharpe ratio, 3 years: CNYA 0.21MCHI 0.26, better
Worst fallMax drawdown, 5 years: CNYA −44.6%, betterMCHI −49.2%
Market sensitivityBeta, 5 years: CNYA 0.60MCHI 0.63; Market = 1

CNYA and MCHI in the news

All news⁠

Deep Dive
Korea funds gained 94% this year. China internet funds lost 28%
Sep 13, 2026CNYAMCHI
Deep Dive
Korea's 3.9% drop split two kinds of emerging-markets fund
Sep 20, 2026MCHI
News
He Lifeng to lead five-day U.S. trade talks before Washington summit
Sep 19, 2026MCHI
News
PBOC's Pan says slower loan growth is China's new normal, not a miss to reverse
Sep 16, 2026MCHI
News
Beijing ends Trip.com's hotel exclusivity as international revenue grows more than 50%
Sep 15, 2026MCHI
News
Bessent tells House he will press China this weekend to cut Iran oil ties
Sep 15, 2026MCHI

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CNYA vs MCHI

In short

Stated mandate

Why people hold it