FXI — iShares China Large-Cap ETF
Single Country - Emerging Ranked #439 of 458 tracked ETFs · Issued by iShares
FXI Price Performance — Growth of $10,000
Value of a $10,000 investment in FXI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
FXI Drawdown
The "underwater" chart: FXI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in FXI?
See what a lump sum in FXI would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares China Large-Cap ETF (FXI) is an iShares-managed fund tracking the Single Country - Emerging category, where it holds 17th place among 22 peers. With $4.23 billion in assets, the fund carries a D grade and an overall rank of 439 out of 458 tracked ETFs. Its 0.73% expense ratio exceeds the category median of 0.59%, while its 2.37% dividend yield sits slightly above the median of 2.24%. The fund’s top ten holdings comprise 56.6% of assets, with Alibaba Group Holding Limited representing the largest single position at 8.7%.
Price action shows the fund trading at 31.1% of its 52-week range, reflecting a recent 1-day decline of 1.29% and a 1-week drop of 2.24%. Short-term performance remains negative, with one-month and year-to-date returns of -5.32% and -12.58% respectively, contrasting sharply with a 19.48% category median for the past year. However, the three-year record shows a cumulative return of +36.51%, indicating a divergence between recent weakness and longer-term gains. The fund’s rating was upgraded from F to D on 2026-07-31, though price history is available for only 3.0 years.
The fund exhibits a beta of 0.29 and 19.81% annualized volatility, labeled as Moderate, suggesting lower sensitivity to market movements than the broader index. A maximum drawdown of -23.24% and a Sharpe ratio of -0.80 highlight the risk-adjusted underperformance relative to the volatility incurred. Liquidity is supported by an average daily volume of 21,534,377 shares and a tight bid-ask spread of 0.09%. These metrics collectively describe a record of moderate price fluctuation accompanied by negative risk-adjusted returns.
AI-generated summary based on the data on this page.
FXI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Alibaba Group Holding Limited | 8.66% | $525M |
| 2 | CHINA CONSTRUCTION BANK CORPORATION | 8.25% | $500M |
| 3 | Tencent Holdings Limited | 7.72% | $469M |
| 4 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 6.02% | $365M |
| 5 | XIAOMI CORPORATION | 5.41% | $328M |
| 6 | MEITUAN | 4.79% | $291M |
| 7 | Ping An Insurance (Group) Company of China, Ltd. | 4.41% | $268M |
| 8 | BYD COMPANY LIMITED | 4.09% | $248M |
| 9 | BANK OF CHINA LIMITED | 3.72% | $226M |
| 10 | NETEASE, INC. | 3.56% | $216M |
Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 56.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FXI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With FXI
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FXI's top 10 — MCHI overlaps most, holding 8 of the same companies as FXI's top 10 (49.0% of FXI's assets).
| ETF | Name | Shared Companies | FXI Weight | Examples |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 8 | 49.0% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| GXC | State Street SPDR S&P China ETF | 7 | 42.6% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 4 | 29.0% | Tencent Holdings Limited, Alibaba Group Holding Limited, CHINA CONSTRUCTION BANK CORPORATION… |
| KWEB | KraneShares CSI China Internet ETF | 4 | 24.7% | Tencent Holdings Limited, Alibaba Group Holding Limited, MEITUAN… |
| VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | 3 | 24.6% | Alibaba Group Holding Limited, Tencent Holdings Limited, CHINA CONSTRUCTION BANK CORPORATION |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What FXI's Fees Cost You
FXI charges an expense ratio of 0.73% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
FXI Dividend Income Estimator
FXI currently yields 2.37%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
FXI Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.09% and average daily volume is 21.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.23B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: FXI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
FXI Performance History
| Period | Return |
|---|---|
| 1-Day | -1.29% |
| 1-Week | -2.24% |
| 1-Month | -5.32% |
| 3-Month | +0.34% |
| 6-Month | -4.87% |
| YTD | -12.58% |
| 1-Year | -10.78% |
| 3-Year | +36.51% |
How FXI Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #57 | B |
EWT | iShares MSCI Taiwan ETF | +91.69% | 0.59% | $11.8B |
| #60 | B |
FLKR | Franklin FTSE South Korea ETF | +160.60% | 0.09% | $1.70B |
| #67 | B |
EWY | iShares MSCI South Korea ETF | +162.93% | 0.59% | $27.7B |
| #80 | B |
EPOL | iShares MSCI Poland ETF | +44.26% | 0.59% | $848M |
| #106 | B |
EPU | iShares MSCI Peru ETF | +67.89% | 0.59% | $564M |
| #154 | C |
GREK | Global X MSCI Greece ETF | +39.38% | 0.56% | $343M |
| #231 | C |
EWZ | iShares MSCI Brazil ETF | +34.48% | 0.59% | $8.17B |
| #274 | C |
EZA | iShares MSCI South Africa ETF | +29.52% | 0.59% | $578M |
| #285 | C |
ECH | iShares MSCI Chile ETF | +24.98% | 0.59% | $1.04B |
| #354 | C |
EWW | iShares MSCI Mexico ETF | +23.33% | 0.5% | $1.82B |
| #359 | C |
THD | iShares MSCI Thailand ETF | +29.52% | 0.59% | $346M |
| #377 | D |
EWM | iShares MSCI Malaysia ETF | +15.63% | 0.5% | $325M |
| #414 | D |
KSA | iShares MSCI Saudi Arabia ETF | +7.27% | 0.75% | $639M |
| #419 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | +9.77% | 0.65% | $1.57B |
| #434 | D |
INDA | iShares MSCI India ETF | -7.98% | 0.61% | $6.75B |
| #438 | D |
MCHI | iShares MSCI China ETF | -12.76% | 0.59% | $6.33B |
| #439 | D |
FXI | iShares China Large-Cap ETF | -10.78% | 0.73% | $4.23B |
| #443 | F |
VNM | VanEck Vietnam ETF | +2.98% | 0.66% | $521M |
| #445 | F |
GXC | State Street SPDR S&P China ETF | -9.06% | 0.59% | $474M |
| #451 | F |
INDY | iShares India 50 ETF | -10.74% | 0.65% | $552M |
| #455 | F |
KWEB | KraneShares CSI China Internet ETF | -32.66% | 0.69% | $5.10B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -22.82% | 0.59% | $502M |