CAS vs. FXI
CAS (Simplify China A Shares PLUS Income ETF) and FXI (iShares China Large-Cap ETF) are both China Equities funds. CAS is actively managed, while FXI is passively managed. At a 0.19 correlation, their price movements are largely independent. CAS charges 0.88%/yr vs 0.74%/yr for FXI.
Performance
CAS vs. FXI - Performance Comparison
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Returns By Period
CAS
- 1D
- -0.94%
- 1M
- 2.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXI
- 1D
- 0.21%
- 1M
- -4.42%
- 6M
- -14.28%
- YTD
- -11.90%
- 1Y
- -6.53%
- 3Y*
- 9.72%
- 5Y*
- -3.13%
- 10Y*
- 1.95%
CAS vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CAS Simplify China A Shares PLUS Income ETF | -1.43% |
FXI iShares China Large-Cap ETF | -4.50% |
Correlation
The correlation between CAS and FXI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.19 |
CAS vs. FXI - Sectors Allocation Comparison
Sectors
CAS
FXI
Financial Services
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
CAS
FXI
Basic Materials
CAS
-
FXI
Communication Services
CAS
-
FXI
Consumer Cyclical
CAS
-
FXI
Consumer Defensive
CAS
-
FXI
Energy
CAS
-
FXI
Healthcare
CAS
-
FXI
Industrials
CAS
-
FXI
Real Estate
CAS
-
FXI
Technology
CAS
-
FXI
Utilities
CAS
-
FXI
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Return for Risk
CAS vs. FXI — Risk / Return Rank
CAS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FXI
CAS vs. FXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and iShares China Large-Cap ETF (FXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAS | FXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.96 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.29 | — |
| Martin ratioReturn relative to average drawdown | — | -0.71 | — |
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Drawdowns
CAS vs. FXI - Drawdown Comparison
The maximum CAS drawdown since its inception was -7.26%, smaller than the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for CAS and FXI.
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Drawdown Indicators
| CAS | FXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.26% | -72.68% | +65.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.81% | — |
Current DrawdownCurrent decline from peak | -4.94% | -30.63% | +25.69% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -31.22% | +28.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.34% | — |
Volatility
CAS vs. FXI - Volatility Comparison
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Volatility by Period
| CAS | FXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.04% | 20.10% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.04% | 31.66% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.04% | 27.58% | +2.46% |
CAS vs. FXI - Expense Ratio Comparison
CAS has a 0.88% expense ratio, which is higher than FXI's 0.74% expense ratio.
Dividends
CAS vs. FXI - Dividend Comparison
CAS's dividend yield for the trailing twelve months is around 0.36%, less than FXI's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXI iShares China Large-Cap ETF | 2.03% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
Frequently Asked Questions
CAS and FXI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FXI is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FXI is cheaper with a 0.74% expense ratio, compared with 0.88% for CAS.
FXI has the higher dividend yield at 2.03%, compared with 0.36% for CAS.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.88% for CAS and 0.74% for FXI.
Find the right allocation for CAS and FXI
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