FXI vs. T
FXI (iShares China Large-Cap ETF) is China Equities fund tracking the FTSE China 50 Index, while T (AT&T Inc.) is a stock. Over the past 10 years, FXI returned 2.09%/yr vs 2.02%/yr for T. At a 0.31 correlation, their price movements are largely independent.
Performance
FXI vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -9.14% return, which is significantly lower than T's -8.33% return. Both investments have delivered pretty close results over the past 10 years, with FXI having a 2.09% annualized return and T not far behind at 2.02%.
FXI
- 1D
- 0.73%
- 1M
- -0.09%
- 6M
- -13.03%
- YTD
- -9.14%
- 1Y
- -6.15%
- 3Y*
- 9.78%
- 5Y*
- -2.64%
- 10Y*
- 2.09%
T
- 1D
- 2.57%
- 1M
- -3.83%
- 6M
- -5.16%
- YTD
- -8.33%
- 1Y
- -14.60%
- 3Y*
- 23.91%
- 5Y*
- 6.50%
- 10Y*
- 2.02%
FXI vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -9.14% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.92% | 14.90% | -13.28% | 36.26% |
T AT&T Inc. | -8.33% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between FXI and T is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2004 | 0.31 |
The correlation between FXI and T shifts across timeframes, from -0.02 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXI vs. T — Risk / Return Rank
FXI
T
FXI vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and AT&T Inc. (T). 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 | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.91 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.51 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.64 | -1.14 | +0.50 |
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Drawdowns
FXI vs. T - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for FXI and T.
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Drawdown Indicators
| FXI | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -64.15% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -28.89% | +5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -28.89% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -52.08% | -32.01% | -20.07% |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | -42.35% | -18.46% |
Current DrawdownCurrent decline from peak | -28.45% | -22.66% | -5.79% |
Average DrawdownAverage peak-to-trough decline | -31.22% | -15.74% | -15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.59% | 12.80% | -3.21% |
Volatility
FXI vs. T - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 6.30%, while AT&T Inc. (T) has a volatility of 10.04%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 10.04% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 19.94% | -5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 23.65% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 24.40% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 23.91% | +3.67% |
Dividends
FXI vs. T - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 1.97%, less than T's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 1.97% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
T AT&T Inc. | 5.05% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Frequently Asked Questions
FXI and T have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (10.04%) compared to FXI (6.30%). In terms of maximum drawdown, FXI dropped -72.68% vs T's -64.15%.
FXI currently has the higher Sharpe Ratio (-0.31 vs -0.62), 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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