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 50 Index. Over the past 5 years, MNSO returned -2.97%/yr vs -2.64%/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 -29.16% return, which is significantly lower than FXI's -9.14% return.
MNSO
- 1D
- 2.77%
- 1M
- 5.28%
- 6M
- -32.37%
- YTD
- -29.16%
- 1Y
- -24.23%
- 3Y*
- -8.27%
- 5Y*
- -2.97%
- 10Y*
- —
FXI
- 1D
- 0.73%
- 1M
- -0.09%
- 6M
- -13.03%
- YTD
- -9.14%
- 1Y
- -6.15%
- 3Y*
- 9.78%
- 5Y*
- -2.64%
- 10Y*
- 2.09%
MNSO vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MNSO MINISO Group Holding Limited | -29.16% | -18.93% | 20.92% | 93.11% | 6.38% | -60.35% | 8.16% |
FXI iShares China Large-Cap ETF | -9.14% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 7.65% |
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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.51 |
The correlation between MNSO and FXI has been stable across timeframes, ranging from 0.50 to 0.56 - 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.
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.
| MNSO | FXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.96 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.27 | -0.17 |
| Martin ratioReturn relative to average drawdown | -0.77 | -0.64 | -0.13 |
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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 | -56.02% | -22.94% | -33.08% |
Max Drawdown (3Y)Largest decline over 3 years | -58.36% | -28.72% | -29.64% |
Max Drawdown (5Y)Largest decline over 5 years | -74.39% | -52.08% | -22.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.81% | — |
Current DrawdownCurrent decline from peak | -57.07% | -28.45% | -28.62% |
Average DrawdownAverage peak-to-trough decline | -45.76% | -31.22% | -14.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.60% | 9.59% | +22.01% |
Volatility
MNSO vs. FXI - Volatility Comparison
MINISO Group Holding Limited (MNSO) has a higher volatility of 14.44% compared to iShares China Large-Cap ETF (FXI) at 6.30%. 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 | 14.44% | 6.30% | +8.14% |
Volatility (6M)Calculated over the trailing 6-month period | 25.72% | 14.30% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.55% | 20.04% | +21.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.22% | 31.67% | +35.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.34% | 27.58% | +40.76% |
Dividends
MNSO vs. FXI - Dividend Comparison
MNSO's dividend yield for the trailing twelve months is around 5.13%, more than FXI's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 1.97% | 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 | 5.13% | 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 (14.44%) compared to FXI (6.30%). In terms of maximum drawdown, MNSO dropped -86.58% vs FXI's -72.68%.
FXI currently has the higher Sharpe Ratio (-0.31 vs -0.59), 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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