FXI — iShares China Large-Cap ETF

FXI Price Performance — Growth of $10,000

Value of a $10,000 investment in FXI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FXI Drawdown

The "underwater" chart: FXI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares China Large-Cap ETF (FXI) is a Single Country - Emerging fund issued by iShares with $4.52 billion in assets under management. It currently holds an overall rank of #441 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of F with a score of 33.0 out of 100. The fund charges an expense ratio of 0.73% and offers a dividend yield of 2.36%. Trading at a price of $35.65, the fund's substantial asset base suggests significant investor adoption despite its low ranking within the broader universe. It competes within a category that ETFValuer tracks 22 ETFs in total. The combination of a high expense ratio and a low grade indicates a challenging cost-to-performance profile for current holders. Its position as the 441st ranked fund among 458 options highlights its relative standing compared to the wider market.

Recent performance data shows a sharp divergence between short-term gains and longer-term losses. The fund posted a 1-day return of +1.05% and a 1-week return of +2.95%, followed by a strong 1-month gain of +12.85%. However, this momentum reversed over the subsequent quarters, with a 3-month return of -1.46% and a 6-month return of -8.95%. Year-to-date performance stands at -9.80%, while the 1-year return is -6.06%. In contrast to these recent declines, the 3-year return remains positive at +33.66%. This pattern illustrates a period of recent volatility where short-term rallies have not sustained into the medium term, despite a multi-year positive trajectory.

The fund carries a Moderate volatility label and a beta of 0.47, indicating price movements that are less sensitive to broader market fluctuations. Despite this lower beta, the fund has experienced a maximum drawdown of -28.72%, reflecting significant potential for capital loss during downturns. The Sharpe ratio of -0.55 suggests that the risk-adjusted returns have been negative over the measured period. This combination of moderate volatility and a deep drawdown implies that while the fund may not move as aggressively as the market, it has still suffered substantial declines. The negative Sharpe ratio further indicates that the returns generated have not adequately compensated investors for the level of risk taken. These metrics collectively describe a fund with a history of significant drawdowns relative to its risk profile.

AI-generated summary based on the data on this page.

FXI Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 56.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FXI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FXI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FXI's top 10 — MCHI overlaps most, holding 8 of the same companies as FXI's top 10 (49.0% of FXI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FXI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 27.8M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.52B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FXI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FXI Performance History

How FXI Compares to Other Single Country - Emerging ETFs