XCHA.DE vs. FXI
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and FXI (iShares China Large-Cap ETF) are both China Equities funds - XCHA.DE tracks the MSCI China A Onshore NR CNY while FXI tracks the FTSE China 50 Index. Both are passively managed. Over the past 10 years, XCHA.DE returned 9.08%/yr vs 2.33%/yr for FXI. A 0.61 correlation means they provide meaningful diversification when combined. XCHA.DE charges 0.50%/yr vs 0.74%/yr for FXI.
Performance
XCHA.DE vs. FXI - Performance Comparison
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Different Trading Currencies
XCHA.DE is traded in EUR, while FXI is traded in USD. To make them comparable, the FXI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCHA.DE achieves a 12.47% return, which is significantly higher than FXI's -7.46% return. Over the past 10 years, XCHA.DE has outperformed FXI with an annualized return of 9.08%, while FXI has yielded a comparatively lower 2.33% annualized return.
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
FXI
- 1D
- -1.24%
- 1M
- -5.48%
- YTD
- -7.46%
- 6M
- -11.02%
- 1Y
- -3.40%
- 3Y*
- 7.45%
- 5Y*
- -2.56%
- 10Y*
- 2.33%
XCHA.DE vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
FXI iShares China Large-Cap ETF | -7.46% | 13.65% | 37.49% | -15.04% | -15.74% | -14.08% | -0.06% | 17.50% | -9.21% | 19.51% |
Correlation
The correlation between XCHA.DE 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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2012 | 0.61 |
The correlation between XCHA.DE and FXI shifts across timeframes, from 0.52 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCHA.DE vs. FXI — Risk / Return Rank
XCHA.DE
FXI
XCHA.DE vs. FXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) 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.
| XCHA.DE | FXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.99 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | -0.23 | +2.61 |
| Martin ratioReturn relative to average drawdown | 4.62 | -0.48 | +5.10 |
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
| XCHA.DE | FXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | -0.18 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.08 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.09 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.05 | +0.26 |
Drawdowns
XCHA.DE vs. FXI - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, smaller than the maximum FXI drawdown of -68.86%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and FXI.
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Drawdown Indicators
| XCHA.DE | FXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -68.86% | +16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -14.78% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -27.97% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -47.51% | +10.44% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -53.92% | +15.37% |
Current DrawdownCurrent decline from peak | -1.81% | -25.31% | +23.50% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -30.14% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 7.03% | +1.45% |
Volatility
XCHA.DE vs. FXI - Volatility Comparison
The current volatility for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) is 5.10%, while iShares China Large-Cap ETF (FXI) has a volatility of 6.33%. This indicates that XCHA.DE experiences smaller price fluctuations and is considered to be less risky 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
| XCHA.DE | FXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 6.33% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 13.61% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 19.37% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 30.31% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 26.93% | -3.73% |
XCHA.DE vs. FXI - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is lower than FXI's 0.74% expense ratio.
Dividends
XCHA.DE vs. FXI - Dividend Comparison
XCHA.DE has not paid dividends to shareholders, while FXI's dividend yield for the trailing twelve months is around 2.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.66% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 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
XCHA.DE 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.
On fees, XCHA.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHA.DE is cheaper with a 0.50% expense ratio, compared with 0.74% for FXI.
XCHA.DE tracks MSCI China A Onshore NR CNY, while FXI tracks FTSE China 50 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XCHA.DE and 0.74% for FXI.
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