China vs United States market comparison
Published portfolio characteristics, comparable market proxies and verified observations.
China and United States, represented by MCHI and SPY. Returns are in USD; each metric retains its own data date.
| Measure | China | United States | Difference |
|---|---|---|---|
| 1M total return | -4.08% | +0.36% | -4.44 pp |
| YTD total return | -12.54% | +12.71% | -25.25 pp |
| 1Y total return | -19.73% | +15.32% | -35.05 pp |
| P/E | 11.98× | 20.40× | -8.42× |
| P/B | 1.46× | 4.67× | -3.20× |
| P/S | 1.36× | 3.37× | -2.01× |
| Historical earnings growth | +6.35% | +16.65% | -10.30 pp |
| Projected earnings growth | +6.35% | +16.65% | -10.30 pp |
| Sales growth | +5.92% | +7.32% | -1.40 pp |
| Portfolio dividend yield | 2.64% | 1.14% | 1.50 pp |
China: performance Underlying observation date unavailable, fundamentals Sep 30, 2026. United States: performance Underlying observation date unavailable, fundamentals Sep 30, 2026.
Different exposures, not an overall winner
Currency moves, sector weights, holdings and reporting dates can affect these comparisons. Valuation, growth, income and realized returns are not interchangeable measures of investment attractiveness.
China: recorded P/E
P/E at recorded observation dates, not a reconstructed daily series.
United States: recorded P/E
P/E at recorded observation dates, not a reconstructed daily series.
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Informational only, not investment advice. Fundamentals refresh quarterly; performance refreshes monthly. Historical observations are prospective where older verified data does not exist.