FXI vs. VZ
FXI (iShares China Large-Cap ETF) is China Equities fund tracking the FTSE China 50 Index, while VZ (Verizon Communications Inc.) is a stock. Over the past 10 years, FXI returned 3.13%/yr vs 4.44%/yr for VZ. At a 0.29 correlation, their price movements are largely independent.
Performance
FXI vs. VZ - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -7.83% return, which is significantly lower than VZ's 21.97% return. Over the past 10 years, FXI has underperformed VZ with an annualized return of 3.13%, while VZ has yielded a comparatively higher 4.44% annualized 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%
VZ
- 1D
- 2.49%
- 1M
- 3.75%
- YTD
- 21.97%
- 6M
- 21.50%
- 1Y
- 19.39%
- 3Y*
- 18.39%
- 5Y*
- 2.74%
- 10Y*
- 4.44%
FXI vs. VZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | -7.83% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.92% | 14.90% | -13.28% | 36.26% |
VZ Verizon Communications Inc. | 21.97% | 8.86% | 13.14% | 2.71% | -20.02% | -7.55% | -0.13% | 13.83% | 11.26% | 3.97% |
Correlation
The correlation between FXI and VZ 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2004 | 0.29 |
Over the past year, the correlation between FXI and VZ has dropped to 0.02 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
FXI vs. VZ — Risk / Return Rank
FXI
VZ
FXI vs. VZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and Verizon Communications Inc. (VZ). 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 | VZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.43 | -1.61 |
| Martin ratioReturn relative to average drawdown | -0.38 | 3.06 | -3.44 |
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Drawdowns
FXI vs. VZ - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, which is greater than VZ's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for FXI and VZ.
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Drawdown Indicators
| FXI | VZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -50.66% | -22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -13.32% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -14.93% | -13.79% |
Max Drawdown (5Y)Largest decline over 5 years | -54.94% | -38.38% | -16.56% |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | -41.21% | -19.60% |
Current DrawdownCurrent decline from peak | -27.42% | -4.96% | -22.46% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -14.82% | -16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 6.23% | +1.43% |
Volatility
FXI vs. VZ - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 6.22%, while Verizon Communications Inc. (VZ) has a volatility of 6.87%. This indicates that FXI experiences smaller price fluctuations and is considered to be less risky than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXI | VZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 6.87% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 17.91% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 22.78% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 21.66% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 20.36% | +7.28% |
Dividends
FXI vs. VZ - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 2.62%, less than VZ's 5.75% 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% |
VZ Verizon Communications Inc. | 5.75% | 6.68% | 6.68% | 6.96% | 6.53% | 4.85% | 4.21% | 3.95% | 4.22% | 4.39% | 4.26% | 4.79% |
Frequently Asked Questions
FXI and VZ 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.
VZ has higher volatility (6.87%) compared to FXI (6.22%). In terms of maximum drawdown, FXI dropped -72.68% vs VZ's -50.66%.
VZ currently has the higher Sharpe Ratio (0.84 vs -0.15), 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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