FXI vs. MPNGY

Last updated Apr 2, 2026

Compare and contrast key facts about iShares China Large-Cap ETF (FXI) and Meituan ADR (MPNGY).

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. MPNGY - Performance Comparison

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

FXI vs. MPNGY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FXI iShares China Large-Cap ETF	-7.13%	28.95%	28.98%	-12.42%	-20.66%	-20.06%	8.92%	4.57%
MPNGY Meituan ADR	-17.09%	-32.00%	84.72%	-52.51%	-23.47%	-22.79%	189.35%	2.52%

Returns By Period

In the year-to-date period, FXI achieves a -7.13% return, which is significantly higher than MPNGY's -17.09% return.

FXI

• 1D: -0.95%
• 1M: -3.63%
• YTD: -7.13%
• 6M: -13.13%
• 1Y: 1.94%
• 3Y*: 9.04%
• 5Y*: -3.44%
• 10Y*: 3.03%

MPNGY

• 1D: 2.00%
• 1M: 6.42%
• YTD: -17.09%
• 6M: -17.99%
• 1Y: -45.76%
• 3Y*: -15.47%
• 5Y*: -23.40%
• 10Y*: —

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

Return for Risk

FXI vs. MPNGY — Risk / Return Rank

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

FXI

FXI Risk / Return Rank: 14
FXI Sharpe Ratio Rank: 13
FXI Sortino Ratio Rank: 14
FXI Omega Ratio Rank: 14
FXI Calmar Ratio Rank: 14
FXI Martin Ratio Rank: 14

MPNGY

MPNGY Risk / Return Rank: 7
MPNGY Sharpe Ratio Rank: 3
MPNGY Sortino Ratio Rank: 4
MPNGY Omega Ratio Rank: 6
MPNGY Calmar Ratio Rank: 10
MPNGY Martin Ratio Rank: 12

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. MPNGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and Meituan ADR (MPNGY). 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	MPNGY	Difference
Sharpe ratio Return per unit of total volatility	0.08	-1.08	+1.16
Sortino ratio Return per unit of downside risk	0.28	-1.75	+2.03
Omega ratio Gain probability vs. loss probability	1.04	0.80	+0.24
Calmar ratio Return relative to maximum drawdown	0.10	-0.86	+0.96
Martin ratio Return relative to average drawdown	0.29	-1.42	+1.71
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. MPNGY - Sharpe Ratio Comparison

The current FXI Sharpe Ratio is 0.08, which is higher than the MPNGY Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of FXI and MPNGY, 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	MPNGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	-1.08	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	-0.38	+0.27
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	-0.04	+0.20

Correlation

The correlation between FXI and MPNGY is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FXI vs. MPNGY - Dividend Comparison

FXI's dividend yield for the trailing twelve months is around 2.60%, while MPNGY has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXI iShares China Large-Cap ETF	2.60%	2.42%	1.76%	3.17%	2.61%	1.60%	2.19%	2.74%	2.69%	2.31%	2.69%	2.90%
MPNGY Meituan ADR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FXI vs. MPNGY - Drawdown Comparison

The maximum FXI drawdown since its inception was -72.68%, smaller than the maximum MPNGY drawdown of -86.40%. Use the drawdown chart below to compare losses from any high point for FXI and MPNGY.

Drawdown Indicators

	FXI	MPNGY	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-86.40%	+13.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.74%	-53.70%	+36.96%
Max Drawdown (5Y) Largest decline over 5 years	-55.14%	-81.43%	+26.29%
Max Drawdown (10Y) Largest decline over 10 years	-60.81%	—	—
Current Drawdown Current decline from peak	-26.87%	-81.21%	+54.34%
Average Drawdown Average peak-to-trough decline	-31.27%	-53.40%	+22.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	32.72%	-26.83%

Volatility

FXI vs. MPNGY - Volatility Comparison

The current volatility for iShares China Large-Cap ETF (FXI) is 6.74%, while Meituan ADR (MPNGY) has a volatility of 17.71%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than MPNGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXI	MPNGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	17.71%	-10.97%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	27.31%	-12.60%
Volatility (1Y) Calculated over the trailing 1-year period	24.29%	42.55%	-18.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.64%	61.98%	-30.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.70%	61.29%	-33.59%