FXI vs. HCA
FXI (iShares China Large-Cap ETF) is China Equities fund tracking the FTSE China 50 Index, while HCA (HCA Healthcare, Inc.) is a stock. Over the past 10 years, FXI returned 3.13%/yr vs 18.27%/yr for HCA. At a 0.24 correlation, their price movements are largely independent.
Performance
FXI vs. HCA - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -7.83% return, which is significantly higher than HCA's -16.94% return. Over the past 10 years, FXI has underperformed HCA with an annualized return of 3.13%, while HCA has yielded a comparatively higher 18.27% annualized return.
FXI
- 1D
- 1.09%
- 1M
- -5.24%
- YTD
- -7.83%
- 6M
- -8.72%
- 1Y
- -1.10%
- 3Y*
- 10.41%
- 5Y*
- -3.08%
- 10Y*
- 3.13%
HCA
- 1D
- 2.29%
- 1M
- -8.47%
- YTD
- -16.94%
- 6M
- -19.89%
- 1Y
- 5.01%
- 3Y*
- 12.30%
- 5Y*
- 13.79%
- 10Y*
- 18.27%
FXI vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -7.83% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.92% | 14.90% | -13.28% | 36.26% |
HCA HCA Healthcare, Inc. | -16.94% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
Correlation
The correlation between FXI and HCA is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011 | 0.24 |
The correlation between FXI and HCA shifts across timeframes, from 0.04 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXI vs. HCA — Risk / Return Rank
FXI
HCA
FXI vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and HCA Healthcare, Inc. (HCA). 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.
| FXI | HCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.15 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.38 | 0.44 | -0.82 |
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Drawdowns
FXI vs. HCA - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, which is greater than HCA's maximum drawdown of -54.74%. Use the drawdown chart below to compare losses from any high point for FXI and HCA.
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Drawdown Indicators
| FXI | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -54.74% | -17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -33.62% | +17.59% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -33.62% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -54.94% | -39.49% | -15.45% |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | -54.74% | -6.07% |
Current DrawdownCurrent decline from peak | -27.42% | -28.87% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -11.04% | -20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 11.15% | -3.49% |
Volatility
FXI vs. HCA - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 6.22%, while HCA Healthcare, Inc. (HCA) has a volatility of 8.97%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than HCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 8.97% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 21.53% | -7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 27.33% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 29.90% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 32.63% | -4.99% |
Dividends
FXI vs. HCA - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 2.62%, more than HCA's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.62% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
HCA HCA Healthcare, Inc. | 0.76% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXI and HCA have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCA has higher volatility (8.97%) compared to FXI (6.22%). In terms of maximum drawdown, FXI dropped -72.68% vs HCA's -54.74%.
HCA currently has the higher Sharpe Ratio (0.18 vs -0.15), 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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