CWB vs MCHI

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF) and ISHARES MSCI CHINA ETF (MCHI, ETF).

5-Year PerformanceCWB has outperformed MCHI, delivering a return of +6.7% compared to -5.8%

CWB vs MCHI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWB(ETF)	MCHI(ETF)
Net Assets	$6.20B	$6.30B
Expense Ratio	0.40%	0.59%
Max Drawdown	32.16%	63.39%
Sharpe Ratio	1.77	-0.07
5Y Beta	0.63	0.64
5Y Dividends CAGR	-3.87%	8.85%

Net Assets

CWB

$6.20B

Winner

MCHI

$6.30B

Expense Ratio

Winner

CWB

0.40%

MCHI

0.59%

Max Drawdown

Winner

CWB

32.16%

MCHI

63.39%

Sharpe Ratio

Winner

CWB

1.77

MCHI

-0.07

5Y Beta

Winner

CWB

0.63

MCHI

0.64

5Y Dividends CAGR

CWB

-3.87%

Winner

MCHI

8.85%

CWB vs MCHI - Historical Returns

Returns include dividend reinvestment.

Period	CWB	MCHI
1 month	+2.12%	-5.81%
3 months	+16.57%	-4.94%
6 months	+19.37%	-9.78%
1 year	+34.35%	+0.46%
5 years(CAGR)	+6.71%	-5.81%
10 years(CAGR)	+12.69%	+4.80%
Max(CAGR)	+11.89%	+2.32%

Winner

CWB

+2.12%

MCHI

-5.81%

Winner

CWB

+16.57%

MCHI

-4.94%

Winner

CWB

+19.37%

MCHI

-9.78%

Winner

CWB

+34.35%

MCHI

+0.46%

5Y(CAGR)

Winner

CWB

+6.71%

MCHI

-5.81%

10Y(CAGR)

Winner

CWB

+12.69%

MCHI

+4.80%

Max(CAGR)

Winner

CWB

+11.89%

MCHI

+2.32%

CWB vs MCHI - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CWB	MCHI
2026	+18.77%	-11.91%
2025	+16.44%	+33.42%
2024	+10.97%	+20.76%
2023	+14.90%	-14.77%
2022	-20.52%	-23.00%
2021	+2.71%	-21.99%
2020	+52.07%	+23.65%
2019	+22.44%	+24.39%
2018	-3.35%	-22.78%
2017	+15.84%	+53.07%
2016	+11.56%	+3.26%
2015	-0.87%	-9.05%
2014	+8.01%	+10.05%
2013	+19.29%	-0.89%
2012	+14.23%	+20.85%
2011	-7.95%	-20.75%
2010	+12.77%	N/A
2009	+29.61%	N/A

CWB vs MCHI Drawdown Comparison

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The maximum drawdown for MCHI was -62.95%, occurring on Oct 31, 2022. This drawdown has not yet recovered.

The current CWB drawdown is -3.49%. The current MCHI drawdown is -37.73%.

Rank	CWB	MCHI
#1	-32.06% Feb 19, 2020 - Jun 8, 2020	-62.95% Feb 17, 2021 - Oct 31, 2022
#2	-29.86% Feb 12, 2021 - Jul 16, 2025	-43.23% Apr 28, 2015 - Aug 25, 2017
#3	-17.09% May 2, 2011 - Oct 18, 2012	-37.13% Apr 21, 2011 - Jul 24, 2014
#4	-15.95% Jun 1, 2015 - Jul 22, 2016	-33.15% Jan 26, 2018 - Jul 8, 2020
#5	-13.79% Jun 20, 2018 - Feb 25, 2019	-11.54% Sep 5, 2014 - Jan 21, 2015
#6	-10.76% Apr 26, 2010 - Oct 5, 2010	-8.66% Nov 21, 2017 - Jan 2, 2018
#7	-9.06% Sep 5, 2014 - Mar 20, 2015	-7.42% Sep 1, 2020 - Oct 12, 2020
#8	-7.61% Sep 1, 2020 - Oct 9, 2020	-6.19% Mar 2, 2015 - Mar 30, 2015
#9	-7.58% Jan 19, 2010 - Mar 8, 2010	-5.81% Nov 6, 2020 - Jan 5, 2021
#10	-7.52% Oct 29, 2025 - Jan 13, 2026	-5.80% Jan 25, 2021 - Feb 9, 2021
#11	-7.36% Jan 26, 2018 - Mar 12, 2018	-5.72% Jul 9, 2020 - Aug 24, 2020
#12	-6.76% Jan 28, 2026 - Apr 8, 2026	-5.01% Jan 22, 2015 - Feb 26, 2015
#13	-6.66% Jun 2, 2026 - Jun 10, 2026	-3.88% Sep 19, 2017 - Oct 3, 2017
#14	-6.52% May 21, 2013 - Jul 22, 2013	-3.50% Apr 16, 2015 - Apr 22, 2015
#15	-6.24% May 3, 2019 - Jul 12, 2019	-2.83% Oct 18, 2017 - Nov 6, 2017

Correlation

Correlation between CWB and MCHI is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (2009 - 2026)

CWB vs MCHI dividend yield comparison.

Year	CWB	MCHI
2026	0.58%	0.00%
2025	1.69%	2.12%
2024	1.85%	2.31%
2023	1.97%	2.66%
2022	2.21%	1.78%
2021	1.97%	1.04%
2020	2.34%	1.04%
2019	3.03%	1.45%
2018	6.17%	1.60%
2017	4.25%	1.56%
2016	4.60%	1.66%
2015	7.52%	2.76%
2014	7.37%	2.35%
2013	3.66%	2.37%
2012	3.84%	1.90%
2011	4.97%	2.61%
2010	4.59%	0.00%
2009	3.88%	0.00%