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 50 Index. Both are passively managed. Over the past 5 years, ISVBF returned -2.48%/yr vs -0.03%/yr for FXI. Their 0.34 correlation means their historical movements had little consistent relationship. 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 -6.75% return, which is significantly lower than FXI's -4.46% return.
ISVBF
- 1D
- -0.66%
- 1M
- 9.06%
- 6M
- -8.63%
- YTD
- -6.75%
- 1Y
- -0.99%
- 3Y*
- 8.45%
- 5Y*
- -2.48%
- 10Y*
- —
- ALL TIME*
- -4.43%
FXI
- 1D
- -0.41%
- 1M
- 13.79%
- 6M
- -5.52%
- YTD
- -4.46%
- 1Y
- -1.31%
- 3Y*
- 10.37%
- 5Y*
- -0.03%
- 10Y*
- 2.55%
- ALL TIME*
- 5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $700.19M | $769.59M | $964.27M | |
| $147.49K | $255.95K | $315.23K |
ISVBF vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.75% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
FXI iShares China Large-Cap ETF | -4.46% | 28.95% | 28.98% | -12.42% | -20.66% | -18.55% |
Correlation
The correlation between ISVBF and FXI is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.34 |
Over the past year, ISVBF and FXI have become more correlated (0.67) than their long-term average of 0.34, 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.
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.
| ISVBF | FXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.06 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.09 | -0.13 | +0.04 |
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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 | -24.14% | -22.94% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -25.56% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -49.88% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.81% | — |
Current DrawdownCurrent decline from peak | -24.42% | -24.76% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -32.57% | -31.21% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 10.05% | +1.18% |
Volatility
ISVBF vs. FXI - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 6.46% compared to iShares China Large-Cap ETF (FXI) at 5.08%. 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 | 6.46% | 5.08% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 26.45% | 14.29% | +12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 20.24% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 31.44% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 27.60% | +2.46% |
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 1.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 1.87% | 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 (6.46%) compared to FXI (5.08%). In terms of maximum drawdown, ISVBF dropped -53.78% vs FXI's -72.68%.
On 5-year performance, FXI leads with -0.03% vs -2.48% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, FXI has been the lower-risk option at 5.08%. 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 -0.03% return vs -2.48%. 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 1.87%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while FXI tracks FTSE China 50 Index. Their fees differ too: 0.40% for ISVBF and 0.74% for FXI.
ISVBF currently has the higher Sharpe Ratio (-0.03 vs -0.07), 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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