ISVBF vs. FXI
ISVBF (iShares MSCI China A UCITS ETF) and FXI (iShares China Large-Cap ETF) are both China Equities funds from iShares - ISVBF tracks the MSCI China A Inclusion Index while FXI tracks the FTSE China 25 Index. Both are passively managed. Over the past 5 years, ISVBF returned -5.16%/yr vs -3.18%/yr for FXI. At a 0.33 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.74%/yr for FXI.
Performance
ISVBF vs. FXI - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -6.46% return, which is significantly higher than FXI's -7.18% return.
ISVBF
- 1D
- -2.03%
- 1M
- -2.58%
- YTD
- -6.46%
- 6M
- -7.93%
- 1Y
- 7.29%
- 3Y*
- 9.94%
- 5Y*
- -5.16%
- 10Y*
- —
FXI
- 1D
- -2.26%
- 1M
- -2.76%
- YTD
- -7.18%
- 6M
- -8.38%
- 1Y
- 2.05%
- 3Y*
- 11.73%
- 5Y*
- -3.18%
- 10Y*
- 2.96%
ISVBF vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.46% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
FXI iShares China Large-Cap ETF | -7.18% | 28.95% | 28.98% | -12.42% | -20.66% | -18.96% |
Correlation
The correlation between ISVBF and FXI is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.33 |
Over the past year, ISVBF and FXI have become more correlated (0.67) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. FXI — Risk / Return Rank
ISVBF
FXI
ISVBF vs. FXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and iShares China Large-Cap ETF (FXI). 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.
| ISVBF | FXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.03 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.13 | +0.25 |
| Martin ratioReturn relative to average drawdown | 0.89 | 0.28 | +0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISVBF | FXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.10 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.10 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.17 | -0.32 |
Drawdowns
ISVBF vs. FXI - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for ISVBF and FXI.
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Drawdown Indicators
| ISVBF | FXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -72.68% | +18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -19.18% | -15.62% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -28.72% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -53.22% | -54.94% | +1.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.81% | — |
Current DrawdownCurrent decline from peak | -24.18% | -26.91% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -32.76% | -31.22% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 7.22% | +0.99% |
Volatility
ISVBF vs. FXI - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 10.81% compared to iShares China Large-Cap ETF (FXI) at 7.13%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | FXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 7.13% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 14.35% | +12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.57% | 19.93% | +10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 31.68% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 27.67% | +2.54% |
ISVBF vs. FXI - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than FXI's 0.74% expense ratio.
Dividends
ISVBF vs. FXI - Dividend Comparison
ISVBF has not paid dividends to shareholders, while FXI's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.60% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
ISVBF iShares MSCI China A UCITS ETF | 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
ISVBF and FXI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (10.81%) compared to FXI (7.13%). In terms of maximum drawdown, ISVBF dropped -53.78% vs FXI's -72.68%.
On 5-year performance, FXI leads with -3.18% vs -5.16% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, FXI has been the lower-risk option at 7.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FXI has performed better with a -3.18% return vs -5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.74% for FXI.
FXI has the higher dividend yield at 2.60%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while FXI tracks FTSE China 25 Index. Their fees differ too: 0.40% for ISVBF and 0.74% for FXI.
ISVBF currently has the higher Sharpe Ratio (0.24 vs 0.10), 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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