FXI vs. MPNGY
FXI (iShares China Large-Cap ETF) is China Equities fund tracking the FTSE China 50 Index, while MPNGY (Meituan ADR) is a stock. Over the past 5 years, FXI returned -3.22%/yr vs -23.32%/yr for MPNGY. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
FXI vs. MPNGY - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -12.01% return, which is significantly higher than MPNGY's -25.05% return.
FXI
- 1D
- -0.12%
- 1M
- -4.53%
- 6M
- -17.10%
- YTD
- -12.01%
- 1Y
- -6.64%
- 3Y*
- 8.44%
- 5Y*
- -3.22%
- 10Y*
- 1.84%
MPNGY
- 1D
- -1.20%
- 1M
- -0.25%
- 6M
- -27.97%
- YTD
- -25.05%
- 1Y
- -34.89%
- 3Y*
- -16.02%
- 5Y*
- -23.32%
- 10Y*
- —
FXI vs. MPNGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -12.01% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.92% | 5.84% |
MPNGY Meituan ADR | -25.05% | -32.00% | 84.72% | -52.51% | -23.47% | -22.79% | 189.35% | 7.62% |
Correlation
The correlation between FXI and MPNGY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.77 |
The correlation between FXI and MPNGY shifts across timeframes, from 0.65 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXI vs. MPNGY — Risk / Return Rank
FXI
MPNGY
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.
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 | MPNGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.86 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.69 | +0.39 |
| Martin ratioReturn relative to average drawdown | -0.71 | -1.13 | +0.43 |
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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.
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Drawdown Indicators
| FXI | MPNGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -86.40% | +13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -51.09% | +28.15% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -70.63% | +41.91% |
Max Drawdown (5Y)Largest decline over 5 years | -52.44% | -79.07% | +26.63% |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -30.71% | -83.01% | +52.30% |
Average DrawdownAverage peak-to-trough decline | -31.22% | -54.58% | +23.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 30.84% | -21.43% |
Volatility
FXI vs. MPNGY - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 6.08%, while Meituan ADR (MPNGY) has a volatility of 12.08%. 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.
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Volatility by Period
| FXI | MPNGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 12.08% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 33.61% | -19.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 42.30% | -22.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 61.52% | -29.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 60.83% | -33.25% |
Dividends
FXI vs. MPNGY - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 2.03%, while MPNGY 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 | 2.03% | 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% |
Frequently Asked Questions
FXI and MPNGY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPNGY has higher volatility (12.08%) compared to FXI (6.08%). In terms of maximum drawdown, FXI dropped -72.68% vs MPNGY's -86.40%.
FXI currently has the higher Sharpe Ratio (-0.33 vs -0.83), 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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