FXI vs. SOXX

Last updated Aug 2, 2026

FXI (iShares China Large-Cap ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - FXI is a China Equities fund tracking the FTSE China 50 Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, FXI returned 2.81%/yr vs 32.19%/yr for SOXX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FXI charges 0.74%/yr vs 0.34%/yr for SOXX.

Performance

FXI vs. SOXX - Performance Comparison

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

Returns By Period

In the year-to-date period, FXI achieves a -3.96% return, which is significantly lower than SOXX's 67.84% return. Over the past 10 years, FXI has underperformed SOXX with an annualized return of 2.81%, while SOXX has yielded a comparatively higher 32.19% annualized 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%

SOXX

• 1D: 0.07%
• 1M: -10.85%
• 6M: 45.95%
• YTD: 67.84%
• 1Y: 113.81%
• 3Y*: 42.35%
• 5Y*: 28.10%
• 10Y*: 32.19%
• ALL TIME*: 13.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FXI iShares China Large-Cap ETF	$773.89M	$798.32M	$975.73M
SOXX iShares Semiconductor ETF	$6.04B	$5.84B	$5.80B

FXI vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXI iShares China Large-Cap ETF	-3.96%	28.95%	28.98%	-12.42%	-20.66%	-20.06%	8.92%	14.90%	-13.28%	36.26%
SOXX iShares Semiconductor ETF	67.84%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Correlation

The correlation between FXI and SOXX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (10Y) Provides a long-term view across more market conditions.	0.46
Correlation (All Time) Calculated using the full available price history since Oct 8, 2004	0.52

The correlation between FXI and SOXX shifts across timeframes, from 0.35 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.

FXI vs. SOXX - Sectors Allocation Comparison

Sectors	FXI	SOXX
Financial Services	35.2%	-
Consumer Cyclical	25.3%	-
Communication Services	17.8%	-
Technology	5.9%	100.0%
Energy	4.8%	-
Basic Materials	3.4%	-
Industrials	2.8%	-
Healthcare	2.6%	-
Real Estate	1.0%	-
Consumer Defensive	0.8%	-
Utilities	0.3%	-

Return for Risk

FXI vs. SOXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FXI

FXI Risk / Return Rank: 10
FXI Sharpe Ratio Rank: 11
FXI Sortino Ratio Rank: 10
FXI Omega Ratio Rank: 10
FXI Calmar Ratio Rank: 10
FXI Martin Ratio Rank: 10

SOXX

SOXX Risk / Return Rank: 90
SOXX Sharpe Ratio Rank: 93
SOXX Sortino Ratio Rank: 86
SOXX Omega Ratio Rank: 87
SOXX Calmar Ratio Rank: 90
SOXX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FXI vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and iShares Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	2.53	-2.56
Sortino ratio: Return per unit of downside risk	0.09	2.83	-2.74
Omega ratio: Gain probability vs. loss probability	1.01	1.38	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.03	3.86	-3.89
Martin ratio: Return relative to average drawdown	-0.07	16.24	-16.31

FXI vs. SOXX - Sharpe Ratio Comparison

The current FXI Sharpe Ratio is -0.04, which is lower than the SOXX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FXI and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXI vs. SOXX - Drawdown Comparison

The maximum FXI drawdown since its inception was -72.68%, roughly equal to the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for FXI and SOXX.

Drawdown Indicators

	FXI	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-70.21%	-2.47%
Max Drawdown (1Y) Largest decline over 1 year	-22.94%	-29.01%	+6.07%
Max Drawdown (3Y) Largest decline over 3 years	-25.56%	-41.36%	+15.80%
Max Drawdown (5Y) Largest decline over 5 years	-49.88%	-45.75%	-4.13%
Max Drawdown (10Y) Largest decline over 10 years	-60.81%	-45.75%	-15.06%
Current Drawdown Current decline from peak	-24.37%	-22.92%	-1.45%
Average Drawdown Average peak-to-trough decline	-31.21%	-19.92%	-11.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.00%	6.88%	+3.12%

Volatility

FXI vs. SOXX - Volatility Comparison

The current volatility for iShares China Large-Cap ETF (FXI) is 5.14%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.83%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXI	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	17.83%	-12.69%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	38.92%	-24.31%
Volatility (1Y) Calculated over the trailing 1-year period	20.32%	44.48%	-24.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.44%	38.24%	-6.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	34.54%	-6.94%

FXI vs. SOXX - Expense Ratio Comparison

FXI has a 0.74% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

FXI vs. SOXX - Dividend Comparison

FXI's dividend yield for the trailing twelve months is around 1.86%, more than SOXX's 0.29% 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%
SOXX iShares Semiconductor ETF	0.29%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both FXI and SOXX in my portfolio?

FXI and SOXX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXI or SOXX?

SOXX has higher volatility (17.83%) compared to FXI (5.14%). In terms of maximum drawdown, FXI dropped -72.68% vs SOXX's -70.21%.

Which ETF is better, FXI or SOXX?

On 10-year performance, SOXX leads with 32.19% vs 2.81% for FXI. On fees, SOXX is cheaper at 0.34% 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.

Which ETF has performed better, FXI or SOXX?

Over the 10-year period, SOXX has performed better with a 32.19% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXI or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.74% for FXI.

Which ETF pays a higher dividend yield, FXI or SOXX?

FXI has the higher dividend yield at 1.86%, compared with 0.29% for SOXX.

What is the main difference between FXI and SOXX?

FXI is categorized as China Equities, while SOXX is Semiconductors. FXI tracks FTSE China 50 Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.74% for FXI and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (2.53 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.