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CHILX vs. FXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHILX vs. FXI

Last updated Jun 25, 2026

CHILX (BlackRock China A Opportunities Fund) and FXI (iShares China Large-Cap ETF) are both China Equities funds. Over the past 5 years, CHILX returned 0.92%/yr vs -5.03%/yr for FXI. A 0.67 correlation means they provide meaningful diversification when combined. CHILX charges 0.99%/yr vs 0.74%/yr for FXI.

Performance

CHILX vs. FXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock China A Opportunities Fund (CHILX) and iShares China Large-Cap ETF (FXI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CHILX achieves a 14.29% return, which is significantly higher than FXI's -14.85% return.

CHILX

1D
-3.04%
1M
2.37%
YTD
14.29%
6M
14.50%
1Y
38.98%
3Y*
14.64%
5Y*
0.92%
10Y*
—

FXI

1D
-1.43%
1M
-8.21%
YTD
-14.85%
6M
-15.43%
1Y
-11.17%
3Y*
9.11%
5Y*
-5.03%
10Y*
2.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHILX vs. FXI - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CHILX
BlackRock China A Opportunities Fund		14.29%26.30%15.44%-12.29%-28.54%3.54%48.69%48.44%
FXI
iShares China Large-Cap ETF		-14.85%28.95%28.98%-12.42%-20.66%-20.06%8.92%15.85%

Correlation

The correlation between CHILX and FXI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2019

0.67

The correlation between CHILX and FXI has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock China A Opportunities Fund

iShares China Large-Cap ETF

Often compared with CHILX:
CHILX vs. EWJVCHILX vs. FLNCHILX vs. VOOCHILX vs. CNYACHILX vs. SPYCHILX vs. IOOCHILX vs. EVCGX
Often compared with FXI:
FXI vs. MCHIFXI vs. KWEBFXI vs. CQQQFXI vs. ASHRFXI vs. EWHFXI vs. EEMFXI vs. GXC

Return for Risk

CHILX vs. FXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHILX
CHILX Risk / Return Rank: 7878
Overall Rank
CHILX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
CHILX Sortino Ratio Rank: 6767
Sortino Ratio Rank
CHILX Omega Ratio Rank: 6666
Omega Ratio Rank
CHILX Calmar Ratio Rank: 9393
Calmar Ratio Rank
CHILX Martin Ratio Rank: 8686
Martin Ratio Rank
FXI
FXI Risk / Return Rank: 44
Overall Rank
FXI Sharpe Ratio Rank: 55
Sharpe Ratio Rank
FXI Sortino Ratio Rank: 44
Sortino Ratio Rank
FXI Omega Ratio Rank: 44
Omega Ratio Rank
FXI Calmar Ratio Rank: 55
Calmar Ratio Rank
FXI Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHILX vs. FXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock China A Opportunities Fund (CHILX) 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.

CHILXFXIDifference
Sharpe ratioReturn per unit of total volatility
2.32
-0.57

+2.88

Sortino ratioReturn per unit of downside risk
3.07
-0.69

+3.76

Omega ratioGain probability vs. loss probability

1.40

0.92

+0.48

Calmar ratioReturn relative to maximum drawdown

4.86

-0.53

+5.39

Martin ratioReturn relative to average drawdown

14.80

-1.36

+16.16

CHILX vs. FXI - Sharpe Ratio Comparison

The current CHILX Sharpe Ratio is 2.32, which is higher than the FXI Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of CHILX and FXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CHILX vs. FXI - Drawdown Comparison

The maximum CHILX drawdown since its inception was -47.73%, smaller than the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for CHILX and FXI.

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Drawdown Indicators

CHILXFXIDifference

Max Drawdown

Largest peak-to-trough decline

-47.73%

-72.68%

+24.95%

Max Drawdown (1Y)

Largest decline over 1 year

-8.54%

-21.06%

+12.52%

Max Drawdown (3Y)

Largest decline over 3 years

-22.59%

-28.72%

+6.13%

Max Drawdown (5Y)

Largest decline over 5 years

-43.88%

-54.94%

+11.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-60.81%

—

Current Drawdown

Current decline from peak

-4.39%

-32.95%

+28.56%

Average Drawdown

Average peak-to-trough decline

-20.35%

-31.21%

+10.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

8.23%

-5.43%

Volatility

CHILX vs. FXI - Volatility Comparison

BlackRock China A Opportunities Fund (CHILX) has a higher volatility of 8.17% compared to iShares China Large-Cap ETF (FXI) at 6.08%. This indicates that CHILX's price experiences larger fluctuations and is considered to be riskier than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CHILXFXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.17%

6.08%

+2.09%

Volatility (6M)

Calculated over the trailing 6-month period

13.73%

14.67%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

17.91%

19.98%

-2.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.45%

31.72%

-11.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.91%

27.60%

-5.69%

CHILX vs. FXI - Expense Ratio Comparison

CHILX has a 0.99% expense ratio, which is higher than FXI's 0.74% expense ratio.

Dividends

CHILX vs. FXI - Dividend Comparison

CHILX's dividend yield for the trailing twelve months is around 2.57%, more than FXI's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
CHILX
BlackRock China A Opportunities Fund		2.57%2.94%2.11%2.02%0.92%1.19%3.64%12.77%0.00%0.00%0.00%0.00%
FXI
iShares China Large-Cap ETF		2.10%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

CHILX and FXI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CHILX has higher volatility (8.17%) compared to FXI (6.08%). In terms of maximum drawdown, CHILX dropped -47.73% vs FXI's -72.68%.

CHILX currently has the higher Sharpe Ratio (2.32 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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