FXI vs. JCHI
FXI (iShares China Large-Cap ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. FXI is passively managed, while JCHI is actively managed. Over the past 3 years, FXI returned 9.88%/yr vs 7.12%/yr for JCHI. Their correlation of 0.93 means they have usually moved in the same direction. FXI charges 0.74%/yr vs 0.65%/yr for JCHI.
Performance
FXI vs. JCHI - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -3.96% return, which is significantly lower than JCHI's 1.16% return.
FXI
- 1D
- -0.05%
- 1M
- 14.38%
- 6M
- -7.16%
- YTD
- -3.96%
- 1Y
- 0.93%
- 3Y*
- 9.88%
- 5Y*
- 0.26%
- 10Y*
- 2.81%
- ALL TIME*
- 5.58%
JCHI
- 1D
- 0.07%
- 1M
- 6.93%
- 6M
- -1.59%
- YTD
- 1.16%
- 1Y
- 12.71%
- 3Y*
- 7.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $773.89M | $798.32M | $975.73M | |
| $33.80K | $38.84K | $39.78K |
FXI vs. JCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -3.96% | 28.95% | 28.98% | -9.31% |
JCHI JPMorgan Active China ETF | 1.16% | 27.66% | 13.77% | -17.31% |
Correlation
The correlation between FXI and JCHI is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2023 | 0.93 |
The correlation between FXI and JCHI has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
FXI vs. JCHI — Risk / Return Rank
FXI
JCHI
FXI vs. JCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and JPMorgan Active China ETF (JCHI). 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 | JCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.77 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.07 | 1.55 | -1.62 |
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Drawdowns
FXI vs. JCHI - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for FXI and JCHI.
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Drawdown Indicators
| FXI | JCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -29.57% | -43.11% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -14.37% | -8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -27.47% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -24.37% | -6.79% | -17.58% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -13.17% | -18.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.00% | 7.14% | +2.86% |
Volatility
FXI vs. JCHI - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 5.14%, while JPMorgan Active China ETF (JCHI) has a volatility of 6.43%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | JCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 6.43% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 13.88% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 18.86% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.44% | 24.69% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.60% | 24.69% | +2.91% |
FXI vs. JCHI - Expense Ratio Comparison
FXI has a 0.74% expense ratio, which is higher than JCHI's 0.65% expense ratio.
Dividends
FXI vs. JCHI - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 1.86%, more than JCHI's 1.79% yield.
| 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% |
JCHI JPMorgan Active China ETF | 1.79% | 1.81% | 2.12% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXI and JCHI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCHI has higher volatility (6.43%) compared to FXI (5.14%). In terms of maximum drawdown, FXI dropped -72.68% vs JCHI's -29.57%.
On 3-year performance, FXI leads with 9.88% vs 7.12% for JCHI. On fees, JCHI is cheaper at 0.65% per year. On volatility, FXI has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FXI has performed better with a 9.88% return vs 7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JCHI is cheaper with a 0.65% expense ratio, compared with 0.74% for FXI.
FXI has the higher dividend yield at 1.86%, compared with 1.79% for JCHI.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.74% for FXI and 0.65% for JCHI.
JCHI currently has the higher Sharpe Ratio (0.59 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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