A side-by-side comparison of Invesco Golden Dragon China ETF (PGJ) and iShares MSCI China ETF (MCHI) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | PGJ | MCHI |
|---|---|---|
| YTD Return | -7.97% | -1.68%✓ |
| 1-Day Change | -1.09% | -0.15%✓ |
| 1-Week Change | -1.45% | -1.34%✓ |
| 1-Month Change | -7.19% | -4.23%✓ |
| Current Price | $21.70 | $52.11 |
| AUM | $85M | $6.08B✓ |
| MER (Expense Ratio) | 0.7% | 0.59%✓ |
| Dividend Yield | 3.26%✓ | 2.00% |
| Distribution Frequency | NA | NA |
| Inception Date | 2004-12-09 | 2011-03-29 |
| Holdings Count | 50 | 577 |
| MorningStar Rating | ★ | ★★★ |
| Category | Greater China Region | Greater China Region |
| Beta | 0.65 | 0.44 |
| 52-Week High | $33.56 | $65.58 |
| 52-Week Low | $21.55 | $49.88 |
| 50-Day MA | $23.73 | $54.40 |
| 200-Day MA | $26.16 | $56.95 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | PGJ | MCHI |
|---|---|---|
| YTD | -7.97% | -1.68%✓ |
| 1 Year | -32.51% | -17.20%✓ |
| 3 Year | -3.08% | +9.38%✓ |
| 5 Year | -10.03% | -2.41%✓ |
| 10 Year | -2.49% | +2.56%✓ |
| 1Y Volatility | 25.39% | 18.03% |
| Sharpe Ratio (3Y) | -0.14 | 0.32 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | BABA | Alibaba Group Holding Ltd | 8.10% |
| 2 | JD | JD.com Inc Adr | 7.98% |
| 3 | YUMC | Yum China Holdings Inc | 7.84% |
| 4 | NTES | NetEase Inc | 6.90% |
| 5 | BIDU | Baidu Inc | 6.04% |
| 6 | MAAS | Maase Inc. | 4.23% |
| 7 | EDU | New Oriental Education & Technology | 4.04% |
| 8 | YMM | Full Truck Alliance Co Ltd ADR | 4.04% |
| 9 | HTHT | Huazhu Group Ltd | 3.91% |
| 10 | VIPS | Vipshop Holdings Limited | 3.81% |
| 1 | 0700 | Tencent Holdings Ltd | 13.89% |
| 2 | 9988 | Alibaba Group Holding Ltd | 9.34% |
| 3 | 0939 | China Construction Bank Corp | 4.27% |
| 4 | 1398 | Industrial and Commercial Bank of China | 2.61% |
| 5 | 1810 | Xiaomi Corp | 2.25% |
| 6 | 3988 | Bank of China Ltd H | 2.11% |
| 7 | 3690 | Meituan | 1.85% |
| 8 | 9999 | NetEase Inc | 1.78% |
| 9 | 2318 | Ping An Insurance | 1.71% |
| 10 | PDD | PDD Holdings Inc. | 1.64% |
Sector Weights
| Sector | PGJ | MCHI |
|---|---|---|
| Basic Materials | 0.00% | 5.33% |
| Communication Services | 23.83% | 18.15% |
| Consumer Cyclicals | 42.89% | 22.80% |
| Consumer Defensive | 9.66% | 2.92% |
| Energy | 0.00% | 3.74% |
| Financial Services | 6.59% | 20.73% |
| Healthcare | 1.19% | 6.30% |
| Industrials | 2.60% | 4.84% |
| Real Estate | 2.71% | 1.46% |
| Technology | 10.52% | 12.13% |
| Utilities | 0.00% | 1.61% |
About PGJ
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of U.S. exchange-listed companies that are headquartered or incorporated in the People's Republic of China. The fund is non-diversified.
About MCHI
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of equity securities in the top 85% in market capitalization of the Chinese equity securities markets, as represented by the H-shares …
Which ETF is Right for You?
Both PGJ and MCHI are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, MCHI scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between PGJ and MCHI?
PGJ (Invesco Golden Dragon China ETF) and MCHI (iShares MSCI China ETF) are both Canadian-listed ETFs. Key differences include their AUM ($85M vs $6.08B), dividend yield (3.26% vs 2.00%), and year-to-date performance (-7.97% vs -1.68%).
Is PGJ better than MCHI?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy PGJ and MCHI on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both PGJ and MCHI should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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