FXI vs. ATAT

Last updated Apr 1, 2026

Compare and contrast key facts about iShares China Large-Cap ETF (FXI) and Atour Lifestyle Holdings Limited (ATAT).

FXI is a passively managed fund by iShares that tracks the performance of the FTSE China 25 Index. It was launched on Oct 5, 2004.

Performance

FXI vs. ATAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares China Large-Cap ETF (FXI) and Atour Lifestyle Holdings Limited (ATAT). The values are adjusted to include any dividend payments, if applicable.

FXI vs. ATAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FXI iShares China Large-Cap ETF	-6.24%	28.95%	28.98%	-12.42%	13.55%
ATAT Atour Lifestyle Holdings Limited	-6.57%	49.78%	58.43%	-2.92%	39.91%

Returns By Period

In the year-to-date period, FXI achieves a -6.24% return, which is significantly higher than ATAT's -6.57% return.

FXI

• 1D: 2.57%
• 1M: -3.70%
• YTD: -6.24%
• 6M: -11.79%
• 1Y: 2.68%
• 3Y*: 9.39%
• 5Y*: -3.25%
• 10Y*: 3.13%

ATAT

• 1D: 4.75%
• 1M: -6.26%
• YTD: -6.57%
• 6M: -1.24%
• 1Y: 32.72%
• 3Y*: 13.95%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FXI vs. ATAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXI

FXI Risk / Return Rank: 16
FXI Sharpe Ratio Rank: 15
FXI Sortino Ratio Rank: 16
FXI Omega Ratio Rank: 16
FXI Calmar Ratio Rank: 16
FXI Martin Ratio Rank: 16

ATAT

ATAT Risk / Return Rank: 67
ATAT Sharpe Ratio Rank: 70
ATAT Sortino Ratio Rank: 66
ATAT Omega Ratio Rank: 61
ATAT Calmar Ratio Rank: 69
ATAT Martin Ratio Rank: 70

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.

FXI vs. ATAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and Atour Lifestyle Holdings Limited (ATAT). 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.

	FXI	ATAT	Difference
Sharpe ratio Return per unit of total volatility	0.11	0.81	-0.70
Sortino ratio Return per unit of downside risk	0.32	1.39	-1.07
Omega ratio Gain probability vs. loss probability	1.04	1.16	-0.12
Calmar ratio Return relative to maximum drawdown	0.15	1.32	-1.16
Martin ratio Return relative to average drawdown	0.46	3.50	-3.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXI vs. ATAT - Sharpe Ratio Comparison

The current FXI Sharpe Ratio is 0.11, which is lower than the ATAT Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FXI and ATAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FXI	ATAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	0.81	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.66	-0.49

Correlation

The correlation between FXI and ATAT is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FXI vs. ATAT - Dividend Comparison

FXI's dividend yield for the trailing twelve months is around 2.58%, more than ATAT's 2.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXI iShares China Large-Cap ETF	2.58%	2.42%	1.76%	3.17%	2.61%	1.60%	2.19%	2.74%	2.69%	2.31%	2.69%	2.90%
ATAT Atour Lifestyle Holdings Limited	2.12%	1.98%	1.67%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FXI vs. ATAT - Drawdown Comparison

The maximum FXI drawdown since its inception was -72.68%, which is greater than ATAT's maximum drawdown of -46.91%. Use the drawdown chart below to compare losses from any high point for FXI and ATAT.

Drawdown Indicators

	FXI	ATAT	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-46.91%	-25.77%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-24.48%	+7.23%
Max Drawdown (5Y) Largest decline over 5 years	-55.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.81%	—	—
Current Drawdown Current decline from peak	-26.17%	-14.18%	-11.99%
Average Drawdown Average peak-to-trough decline	-31.27%	-20.33%	-10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	9.22%	-3.37%

Volatility

FXI vs. ATAT - Volatility Comparison

The current volatility for iShares China Large-Cap ETF (FXI) is 7.06%, while Atour Lifestyle Holdings Limited (ATAT) has a volatility of 13.47%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than ATAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXI	ATAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	13.47%	-6.41%
Volatility (6M) Calculated over the trailing 6-month period	14.69%	28.57%	-13.88%
Volatility (1Y) Calculated over the trailing 1-year period	24.27%	40.49%	-16.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.64%	59.26%	-27.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.70%	59.26%	-31.56%