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 9.64%/yr vs 7.77%/yr for JCHI. Their correlation of 0.94 suggests significant overlap in exposure. 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 -13.61% return, which is significantly lower than JCHI's -4.08% return.
FXI
- 1D
- -1.79%
- 1M
- -6.88%
- YTD
- -13.61%
- 6M
- -14.15%
- 1Y
- -7.33%
- 3Y*
- 9.64%
- 5Y*
- -4.39%
- 10Y*
- 2.55%
JCHI
- 1D
- -2.49%
- 1M
- -3.91%
- YTD
- -4.08%
- 6M
- -4.86%
- 1Y
- 11.15%
- 3Y*
- 7.77%
- 5Y*
- —
- 10Y*
- —
FXI vs. JCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -13.61% | 28.95% | 28.98% | -9.31% |
JCHI JPMorgan Active China ETF | -4.08% | 27.66% | 13.77% | -17.31% |
Correlation
The correlation between FXI and JCHI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2023 | 0.94 |
The correlation between FXI and JCHI has been stable across timeframes, ranging from 0.89 to 0.94 - 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 | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.12 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.78 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.90 | 1.77 | -2.67 |
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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 | -19.91% | -14.37% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -27.47% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -54.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -31.97% | -11.62% | -20.35% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -13.27% | -17.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.13% | 6.32% | +1.81% |
Volatility
FXI vs. JCHI - Volatility Comparison
iShares China Large-Cap ETF (FXI) and JPMorgan Active China ETF (JCHI) have volatilities of 6.02% and 6.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 6.02% | 6.24% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 13.14% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 18.09% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.72% | 24.82% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.60% | 24.82% | +2.78% |
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 2.07%, more than JCHI's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.07% | 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 | 1.89% | 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 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCHI has higher volatility (6.24%) compared to FXI (6.02%). In terms of maximum drawdown, FXI dropped -72.68% vs JCHI's -29.57%.
On 3-year performance, FXI leads with 9.64% vs 7.77% for JCHI. On fees, JCHI is cheaper at 0.65% per year. On volatility, FXI has been the lower-risk option at 6.02%. 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 9.64% return vs 7.77%. 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 2.07%, compared with 1.89% 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 (0.62 vs -0.37), 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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