ETF Versus

INDA vs MCHI

iShares MSCI India ETF vs iShares MSCI China ETF

Last updated: 2026-04-10

INDA iShares

iShares MSCI India ETF (INDA) is an exchange-traded fund issued by iShares that provides exposure to india equity securities. It charges a high expense ratio of 0.61%. Launched in 2012, the fund has a 14-year track record.

AUM: $6.7B ER: 0.61% Yield: N/A Since: Feb 2, 2012
MCHI iShares

iShares MSCI China ETF (MCHI) is an exchange-traded fund issued by iShares that provides exposure to china equity securities. It charges a high expense ratio of 0.59%. The fund offers a moderate dividend yield of 2.22%. Launched in 2011, the fund has a 15-year track record.

AUM: $6.8B ER: 0.59% Yield: 2.22% Since: Mar 29, 2011

Quick Verdict

MCHI has a slightly lower expense ratio (0.59% vs 0.61%), saving about $38 per $10,000 over 10 years. Over the past year, MCHI has significantly outperformed with a 19.3% return vs -2.4%.

Key Metrics

Metric INDA MCHI
Expense Ratio 0.61% 0.59%
Dividend Yield N/A 2.2%
Fund Family iShares iShares
Category India Equity China Equity

Performance Chart

Indexed to 100 at start (5-year comparison)

40 62 84 106 128 150 2021-04 2022-07 2023-10 2025-01 2026-04
INDA +22.8%
MCHI -29.8%

Performance Comparison

Period INDA MCHI Difference
1 Month +0.11% -1.84% +1.95%
3 Months -7.63% -10.92% +3.29%
6 Months -6.88% -9.57% +2.69%
YTD -9.59% -8.03% -1.56%
1 Year -2.37% +19.30% -21.67%
3 Years +23.10% +15.50% +7.60%
5 Years +22.82% -29.77% +52.59%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period INDA Fees MCHI Fees You Save
$10,000 10 years $1,189 $1,151 $38
$10,000 20 years $4,992 $4,837 $155
$10,000 30 years $15,725 $15,249 $476
$50,000 10 years $5,944 $5,754 $190
$50,000 30 years $78,625 $76,247 $2,378
$100,000 30 years $157,251 $152,494 $4,756

Risk Metrics

Based on 5 years of daily returns

Metric INDA MCHI
Annualized Volatility 15.8% 30.7%
Max Drawdown -25.1% -57.7%
Sharpe Ratio 0.06 -0.23

Dividend Comparison

Metric INDA MCHI
Annual Dividend (per share) $0.00 $1.27
Dividend Yield 0.00% 2.22%
Distribution Frequency None Semi-Annual or Annual

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

INDA Top Holdings

NameWeight
BLK CSH FND TREASURY SL AGENCYXTSLA8.45%
HDFC Bank Limited!nse/HDFCBANK7.38%
Reliance Industries Limited!nse/RELIANCE6.35%
ICICI Bank Limited!nse/ICICIBANK5.50%
Bharti Airtel Limited!nse/BHARTIARTL3.70%
Infosys Limited!nse/INFY3.38%
INR CASHINR2.91%
Axis Bank Limited!nse/AXISBANK2.43%
Mahindra & Mahindra Limited!nse/M&M2.32%
Larsen & Toubro Limited!nse/LT2.09%

MCHI Top Holdings

NameWeight
Tencent Holdings Limited!hkg/070015.16%
Alibaba Group Holding Limited!hkg/998810.15%
China Construction Bank Corporation!hkg/09393.81%
PDD Holdings Inc.PDD2.69%
Xiaomi Corporation!hkg/18102.63%
Industrial and Commercial Bank of China Limited!hkg/13982.08%
Meituan!hkg/36902.05%
Ping An Insurance (Group) Company of China, Ltd.!hkg/23181.95%
BYD Company Limited!hkg/12111.84%
Bank of China Limited!hkg/39881.66%

Which One Should You Choose?

Choose MCHI if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose MCHI if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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