TCHI
iShares MSCI China Multisector Tech ETF
TCHI tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
7.3 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2022 |
| Assets (mns) | $7 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| LENOVO GROUP LTD | 4.4 % |
| NETEASE, INC | 4.2 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.1 % |
| TENCENT HOLDINGS LTD | 4.0 % |
| NEW ORIENTAL EDUCATION & TECHNOLOGY GROU | 4.0 % |
| ALIBABA GROUP HOLDING LTD. | 3.9 % |
| XIAOMI CORP. CLASS B | 3.8 % |
| BAIDU, INC. CLASS A | 3.8 % |
| JD.COM, INC. CLASS A | 3.5 % |
| HAIER SMART HOME CO., LTD. CLASS H | 3.4 % |
Constituent Breakdown
| Number of holdings | 172 |
| Herfindahl-Hirschman Index | 225 |
| Wgt avg mkt cap (mns) | $61,935 |
| Large cap (>$10bn) | 62.0% |
| Mid cap ($2-10bn) | 37.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 16.1% |
| Emerging mkts. | 83.9% |
Country Exposure
 |
CHINA | 92.2 % |
 |
HONG KONG | 7.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.5% | 14.5% | 14.9% | -- | -- | -- | -7.3% | Volatility | 33.9% | 32.7% | 32.2% | 38.0% | 38.0% | 35.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.56 | 7% |
| MSCI EAFE | 0.96 | 22% |
| MSCI Emg Mkts | 1.62 | 63% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.40% |
| ADV of underlying (mns) | $36,258 |
Technical Indicators
| Recent close | $18.19 |
| 30d moving avg. | $18.81 |
| Annualized volatility | 37.2% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 4.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TCHI |
Expenses vs. TCHI |
ALTAR Score™ vs. TCHI |
|---|---|---|---|---|
| KTEC | KraneShares Hang Seng TECH Index ETF | 42.8% | +10 bp | -5.5% |
| KWEB | KraneShares CSI China Internet ETF | 39.0% | +10 bp | -3.2% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 38.1% | -27 bp | +4.2% |
| CQQQ | Invesco China Technology ETF | 27.3% | +11 bp | -9.9% |
| MCHI | iShares MSCI China ETF | 26.7% | 0 bp | +6.6% |
| MCH | Matthews China Active ETF | 26.5% | +20 bp | +3.6% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 25.8% | +1 bp | -1.4% |
| FLCH | Franklin FTSE China ETF | 25.3% | -40 bp | +7.0% |
| JCHI | JPMorgan Active China ETF | 24.9% | +6 bp | +6.1% |
| FXI | iShares China Large-Cap ETF | 24.3% | +15 bp | +6.4% |
Risk and Returns: TCHI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
TCHI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
TCHI
1.9%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. TCHI's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places TCHI in the 8th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TCHISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| TCHI (59 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TCHI | 59.0 | 39.9 | 98.9 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .