FXI vs. ISVBF
FXI (iShares China Large-Cap ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds from iShares - FXI tracks the FTSE China 50 Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, FXI returned -0.17%/yr vs -2.35%/yr for ISVBF. Their 0.34 correlation means their historical movements had little consistent relationship. FXI charges 0.74%/yr vs 0.40%/yr for ISVBF.
Performance
FXI vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -4.06% return, which is significantly higher than ISVBF's -6.13% return.
FXI
- 1D
- -0.11%
- 1M
- 14.26%
- 6M
- -6.22%
- YTD
- -4.06%
- 1Y
- 0.82%
- 3Y*
- 10.52%
- 5Y*
- -0.17%
- 10Y*
- 2.59%
- ALL TIME*
- 5.58%
ISVBF
- 1D
- 1.03%
- 1M
- 9.78%
- 6M
- -8.67%
- YTD
- -6.13%
- 1Y
- 1.35%
- 3Y*
- 8.69%
- 5Y*
- -2.35%
- 10Y*
- —
- ALL TIME*
- -4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $711.55M | $774.56M | $979.33M | |
| $136.08K | $258.28K | $313.33K |
FXI vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -4.06% | 28.95% | 28.98% | -12.42% | -20.66% | -18.55% |
ISVBF iShares MSCI China A UCITS ETF | -6.13% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between FXI and ISVBF is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.34 |
Over the past year, FXI and ISVBF have become more correlated (0.67) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
FXI vs. ISVBF — Risk / Return Rank
FXI
ISVBF
FXI vs. ISVBF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and iShares MSCI China A UCITS ETF (ISVBF). 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 | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.06 | -0.02 |
| Martin ratioReturn relative to average drawdown | 0.08 | 0.12 | -0.04 |
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Drawdowns
FXI vs. ISVBF - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for FXI and ISVBF.
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Drawdown Indicators
| FXI | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -53.78% | -18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -24.14% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -24.14% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | -46.06% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -24.45% | -23.92% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -32.57% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 11.18% | -1.15% |
Volatility
FXI vs. ISVBF - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 5.13%, while iShares MSCI China A UCITS ETF (ISVBF) has a volatility of 6.48%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 6.48% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 26.51% | -12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 31.66% | -11.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.44% | 30.08% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.61% | 30.07% | -2.46% |
FXI vs. ISVBF - Expense Ratio Comparison
FXI has a 0.74% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
FXI vs. ISVBF - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 1.86%, while ISVBF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 1.86% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXI and ISVBF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (6.48%) compared to FXI (5.13%). In terms of maximum drawdown, FXI dropped -72.68% vs ISVBF's -53.78%.
On 5-year performance, FXI leads with -0.17% vs -2.35% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, FXI has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FXI has performed better with a -0.17% return vs -2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.74% for FXI.
FXI has the higher dividend yield at 1.86%, compared with 0.00% for ISVBF.
FXI tracks FTSE China 50 Index, while ISVBF tracks MSCI China A Inclusion Index. Their fees differ too: 0.74% for FXI and 0.40% for ISVBF.
ISVBF currently has the higher Sharpe Ratio (0.04 vs 0.04), 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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