FXI vs. QFIN
FXI (iShares China Large-Cap ETF) is China Equities fund tracking the FTSE China 50 Index, while QFIN (360 DigiTech, Inc.) is a stock. Over the past 5 years, FXI returned -3.08%/yr vs -12.03%/yr for QFIN. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
FXI vs. QFIN - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -7.83% return, which is significantly higher than QFIN's -15.31% return.
FXI
- 1D
- 1.09%
- 1M
- -5.24%
- YTD
- -7.83%
- 6M
- -8.72%
- 1Y
- -1.10%
- 3Y*
- 10.41%
- 5Y*
- -3.08%
- 10Y*
- 3.13%
QFIN
- 1D
- 2.67%
- 1M
- 20.41%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
FXI vs. QFIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -7.83% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.92% | 14.90% | -4.99% |
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
Correlation
The correlation between FXI and QFIN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.55 |
The correlation between FXI and QFIN shifts across timeframes, from 0.41 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXI vs. QFIN — Risk / Return Rank
FXI
QFIN
FXI vs. QFIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and 360 DigiTech, Inc. (QFIN). 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 | QFIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.76 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.83 | +0.65 |
| Martin ratioReturn relative to average drawdown | -0.38 | -1.13 | +0.75 |
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Drawdowns
FXI vs. QFIN - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, smaller than the maximum QFIN drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for FXI and QFIN.
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Drawdown Indicators
| FXI | QFIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -76.74% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -72.31% | +56.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -73.15% | +44.43% |
Max Drawdown (5Y)Largest decline over 5 years | -54.94% | -76.74% | +21.80% |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -27.42% | -64.51% | +37.09% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -45.54% | +14.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 53.01% | -45.35% |
Volatility
FXI vs. QFIN - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 6.22%, while 360 DigiTech, Inc. (QFIN) has a volatility of 29.45%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than QFIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | QFIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 29.45% | -23.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 38.71% | -24.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 55.12% | -35.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 66.39% | -34.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 72.04% | -44.40% |
Dividends
FXI vs. QFIN - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 2.62%, less than QFIN's 10.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.62% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXI and QFIN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to FXI (6.22%). In terms of maximum drawdown, FXI dropped -72.68% vs QFIN's -76.74%.
FXI currently has the higher Sharpe Ratio (-0.15 vs -1.09), 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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