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KURE vs. FXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KURE vs. FXI

Last updated Aug 2, 2026
Documentation

KURE (KraneShares MSCI All China Health Care Index ETF) and FXI (iShares China Large-Cap ETF) are both China Equities funds - KURE tracks the MSCI China All Shares Health Care 10/40 Index while FXI tracks the FTSE China 50 Index. Both are passively managed. Over the past 5 years, KURE returned -12.04%/yr vs 0.26%/yr for FXI. Their 0.62 correlation means they have sometimes moved together and sometimes differently. KURE charges 0.65%/yr vs 0.74%/yr for FXI.

Performance

KURE vs. FXI - Performance Comparison

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

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Returns By Period

In the year-to-date period, KURE achieves a 1.41% return, which is significantly higher than FXI's -3.96% return.

KURE

1D
0.06%
1M
5.01%
6M
-2.43%
YTD
1.41%
1Y
-7.37%
3Y*
-0.53%
5Y*
-12.04%
10Y*
—
ALL TIME*
-1.87%

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

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FXI

iShares China Large-Cap ETF
$773.89M$798.32M$975.73M

KURE

KraneShares MSCI All China Health Care Index ETF
$507.63K$1.60M$845.13K

KURE vs. FXI - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
KURE
KraneShares MSCI All China Health Care Index ETF		1.41%24.87%-17.83%-17.70%-25.43%-16.01%68.97%34.30%-30.01%
FXI
iShares China Large-Cap ETF		-3.96%28.95%28.98%-12.42%-20.66%-20.06%8.92%14.90%-23.98%

Correlation

The correlation between KURE and FXI is 0.54, 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.

0.54

Correlation (3Y)
Balances recent behavior with more history.

0.60

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.63

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2018

0.62

The correlation between KURE and FXI has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

KURE vs. FXI - Sectors Allocation Comparison

Sectors
KURE
FXI

Healthcare

99.3%
2.6%

Consumer Defensive

0.7%
0.8%

Basic Materials

-

3.4%

Communication Services

-

17.8%

Consumer Cyclical

-

25.3%

Energy

-

4.8%

Financial Services

-

35.2%

Industrials

-

2.8%

Real Estate

-

1.0%

Technology

-

5.9%

Utilities

-

0.3%

Healthcare

KURE
99.3%
FXI
2.6%

Consumer Defensive

KURE
0.7%
FXI
0.8%

Basic Materials

KURE

-

FXI
3.4%

Communication Services

KURE

-

FXI
17.8%

Consumer Cyclical

KURE

-

FXI
25.3%

Energy

KURE

-

FXI
4.8%

Financial Services

KURE

-

FXI
35.2%

Industrials

KURE

-

FXI
2.8%

Real Estate

KURE

-

FXI
1.0%

Technology

KURE

-

FXI
5.9%

Utilities

KURE

-

FXI
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares MSCI All China Health Care Index ETF

iShares China Large-Cap ETF

Often compared with KURE:
KURE vs. CHIQKURE vs. PILLKURE vs. IYHKURE vs. CQQQKURE vs. CNYAKURE vs. CUREKURE vs. VOO
Often compared with FXI:
FXI vs. MCHIFXI vs. KWEBFXI vs. CQQQFXI vs. ASHRFXI vs. EWHFXI vs. EEMFXI vs. GXC

Return for Risk

KURE vs. FXI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KURE
KURE Risk / Return Rank: 77
Overall Rank
KURE Sharpe Ratio Rank: 77
Sharpe Ratio Rank
KURE Sortino Ratio Rank: 77
Sortino Ratio Rank
KURE Omega Ratio Rank: 77
Omega Ratio Rank
KURE Calmar Ratio Rank: 77
Calmar Ratio Rank
KURE Martin Ratio Rank: 77
Martin Ratio Rank
FXI
FXI Risk / Return Rank: 1010
Overall Rank
FXI Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
FXI Sortino Ratio Rank: 1010
Sortino Ratio Rank
FXI Omega Ratio Rank: 1010
Omega Ratio Rank
FXI Calmar Ratio Rank: 1010
Calmar Ratio Rank
FXI Martin Ratio Rank: 1010
Martin Ratio Rank
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.

KURE vs. FXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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.

KUREFXIDifference
Sharpe ratioReturn per unit of total volatility
-0.30
-0.04

-0.26

Sortino ratioReturn per unit of downside risk
-0.23
0.09

-0.33

Omega ratioGain probability vs. loss probability

0.97

1.01

-0.04

Calmar ratioReturn relative to maximum drawdown

-0.27

-0.03

-0.24

Martin ratioReturn relative to average drawdown

-0.52

-0.07

-0.45

KURE vs. FXI - Sharpe Ratio Comparison

The current KURE Sharpe Ratio is -0.30, which is lower than the FXI Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of KURE and FXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KURE vs. FXI - Drawdown Comparison

The maximum KURE drawdown since its inception was -68.53%, smaller than the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for KURE and FXI.

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Drawdown Indicators

KUREFXIDifference

Max Drawdown

Largest peak-to-trough decline

-68.53%

-72.68%

+4.15%

Max Drawdown (1Y)

Largest decline over 1 year

-30.88%

-22.94%

-7.94%

Max Drawdown (3Y)

Largest decline over 3 years

-34.05%

-25.56%

-8.49%

Max Drawdown (5Y)

Largest decline over 5 years

-63.97%

-49.88%

-14.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-60.81%

—

Current Drawdown

Current decline from peak

-55.84%

-24.37%

-31.47%

Average Drawdown

Average peak-to-trough decline

-38.43%

-31.21%

-7.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.07%

10.00%

+6.07%

Volatility

KURE vs. FXI - Volatility Comparison

KraneShares MSCI All China Health Care Index ETF (KURE) has a higher volatility of 10.91% compared to iShares China Large-Cap ETF (FXI) at 5.14%. This indicates that KURE'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

KUREFXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.91%

5.14%

+5.77%

Volatility (6M)

Calculated over the trailing 6-month period

20.85%

14.61%

+6.24%

Volatility (1Y)

Calculated over the trailing 1-year period

28.26%

20.32%

+7.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.46%

31.44%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.44%

27.60%

+4.84%

KURE vs. FXI - Expense Ratio Comparison

KURE has a 0.65% expense ratio, which is lower than FXI's 0.74% expense ratio.

Dividends

KURE vs. FXI - Dividend Comparison

KURE's dividend yield for the trailing twelve months is around 4.14%, more than FXI's 1.86% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
KURE
KraneShares MSCI All China Health Care Index ETF		4.14%4.19%1.29%0.65%0.05%14.12%0.00%0.25%0.21%0.00%0.00%0.00%

Frequently Asked Questions

KURE and FXI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KURE has higher volatility (10.91%) compared to FXI (5.14%). In terms of maximum drawdown, KURE dropped -68.53% vs FXI's -72.68%.

On 5-year performance, FXI leads with 0.26% vs -12.04% for KURE. On fees, KURE is cheaper at 0.65% 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.

Over the 5-year period, FXI has performed better with a 0.26% return vs -12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KURE is cheaper with a 0.65% expense ratio, compared with 0.74% for FXI.

KURE has the higher dividend yield at 4.14%, compared with 1.86% for FXI.

KURE tracks MSCI China All Shares Health Care 10/40 Index, while FXI tracks FTSE China 50 Index. They also come from different issuers: CICC and iShares. Their fees differ too: 0.65% for KURE and 0.74% for FXI.

FXI currently has the higher Sharpe Ratio (-0.04 vs -0.30), 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.

Portfolio Optimizer

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