MNSO vs. FXI
MNSO (MINISO Group Holding Limited) is a stock, while FXI (iShares China Large-Cap ETF) is China Equities fund tracking the FTSE China 25 Index. Over the past 5 years, MNSO returned -6.94%/yr vs -3.22%/yr for FXI. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MNSO vs. FXI - Performance Comparison
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Returns By Period
In the year-to-date period, MNSO achieves a -27.31% return, which is significantly lower than FXI's -7.36% return.
MNSO
- 1D
- 0.30%
- 1M
- -9.02%
- YTD
- -27.31%
- 6M
- -29.05%
- 1Y
- -24.08%
- 3Y*
- -3.40%
- 5Y*
- -6.94%
- 10Y*
- —
FXI
- 1D
- -0.20%
- 1M
- -2.80%
- YTD
- -7.36%
- 6M
- -8.79%
- 1Y
- -0.03%
- 3Y*
- 11.71%
- 5Y*
- -3.22%
- 10Y*
- 2.81%
MNSO vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MNSO MINISO Group Holding Limited | -27.31% | -18.93% | 20.92% | 93.11% | 6.38% | -60.35% | 26.39% |
FXI iShares China Large-Cap ETF | -7.36% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.47% |
Correlation
The correlation between MNSO and FXI is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.51 |
The correlation between MNSO and FXI has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
MNSO vs. FXI — Risk / Return Rank
MNSO
FXI
MNSO vs. FXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MINISO Group Holding Limited (MNSO) 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.
| MNSO | FXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.02 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.00 | -0.47 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.00 | -0.91 |
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
| MNSO | FXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | -0.00 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.10 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.17 | -0.25 |
Drawdowns
MNSO vs. FXI - Drawdown Comparison
The maximum MNSO drawdown since its inception was -86.58%, which is greater than FXI's maximum drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for MNSO and FXI.
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Drawdown Indicators
| MNSO | FXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.58% | -72.68% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -51.47% | -15.62% | -35.85% |
Max Drawdown (3Y)Largest decline over 3 years | -54.05% | -28.72% | -25.33% |
Max Drawdown (5Y)Largest decline over 5 years | -80.24% | -54.94% | -25.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.81% | — |
Current DrawdownCurrent decline from peak | -55.95% | -27.05% | -28.90% |
Average DrawdownAverage peak-to-trough decline | -45.37% | -31.22% | -14.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.30% | 7.28% | +19.02% |
Volatility
MNSO vs. FXI - Volatility Comparison
MINISO Group Holding Limited (MNSO) has a higher volatility of 11.34% compared to iShares China Large-Cap ETF (FXI) at 7.13%. This indicates that MNSO'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
| MNSO | FXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 7.13% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 14.34% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.30% | 19.91% | +20.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.19% | 31.67% | +35.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.48% | 27.66% | +40.82% |
Dividends
MNSO vs. FXI - Dividend Comparison
MNSO's dividend yield for the trailing twelve months is around 5.00%, more than FXI's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.61% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
MNSO MINISO Group Holding Limited | 5.00% | 3.29% | 2.36% | 2.02% | 1.60% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MNSO and FXI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNSO has higher volatility (11.34%) compared to FXI (7.13%). In terms of maximum drawdown, MNSO dropped -86.58% vs FXI's -72.68%.
FXI currently has the higher Sharpe Ratio (-0.00 vs -0.61), 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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