FXI vs ICVT

Comparison between ISHARES CHINA LARGE-CAP ETF (FXI, ETF) and ISHARES CONVERTIBLE BOND ETF (ICVT, ETF).

5-Year PerformanceICVT has outperformed FXI, delivering a return of +8.4% compared to -0.3%

FXI vs ICVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXI(ETF)	ICVT(ETF)
Net Assets	$6.10B	$6.10B
Expense Ratio	0.73%	0.20%
Max Drawdown	73.34%	38.15%
Sharpe Ratio	0.39	2.13
5Y Beta	0.67	0.57
5Y Dividends CAGR	-5.29%	-14.14%

Net Assets

FXI

$6.10B

ICVT

$6.10B

Expense Ratio

FXI

0.73%

Winner

ICVT

0.20%

Max Drawdown

FXI

73.34%

Winner

ICVT

38.15%

Sharpe Ratio

FXI

0.39

Winner

ICVT

2.13

5Y Beta

FXI

0.67

Winner

ICVT

0.57

5Y Dividends CAGR

Winner

FXI

-5.29%

ICVT

-14.14%

FXI vs ICVT - Historical Returns

Returns include dividend reinvestment.

Period	FXI	ICVT
1 month	+4.94%	+9.35%
3 months	-0.18%	+13.67%
6 months	-4.85%	+21.22%
1 year	+9.73%	+37.53%
5 years(CAGR)	-0.31%	+8.36%
10 years(CAGR)	+4.54%	+14.03%
Max(CAGR)	+5.84%	+11.76%

FXI

+4.94%

Winner

ICVT

+9.35%

FXI

-0.18%

Winner

ICVT

+13.67%

FXI

-4.85%

Winner

ICVT

+21.22%

FXI

+9.73%

Winner

ICVT

+37.53%

5Y(CAGR)

FXI

-0.31%

Winner

ICVT

+8.36%

10Y(CAGR)

FXI

+4.54%

Winner

ICVT

+14.03%

Max(CAGR)

FXI

+5.84%

Winner

ICVT

+11.76%

FXI vs ICVT - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	FXI	ICVT
2026	-3.92%	+19.13%
2025	+31.30%	+18.03%
2024	+33.33%	+11.71%
2023	-15.40%	+15.59%
2022	-20.60%	-20.76%
2021	-19.82%	-0.63%
2020	+5.89%	+59.30%
2019	+15.81%	+22.39%
2018	-16.17%	-1.05%
2017	+34.51%	+15.43%
2016	+4.45%	+11.50%
2015	-13.05%	-6.03%
2014	+15.20%	N/A
2013	-5.45%	N/A
2012	+15.49%	N/A
2011	-18.76%	N/A
2010	+1.39%	N/A
2009	+37.80%	N/A
2008	-47.01%	N/A
2007	+48.14%	N/A
2006	+79.19%	N/A
2005	+13.97%	N/A
2004	+3.37%	N/A

FXI vs ICVT Drawdown Comparison

The maximum drawdown for FXI was -72.69%, occurring on Oct 27, 2008. Recovery took 3343 trading sessions.

The maximum drawdown for ICVT was -33.15%, occurring on Jun 16, 2022. Recovery took 1145 trading sessions.

The current FXI drawdown is -21.27%.

Rank	FXI	ICVT
#1	-72.69% Oct 31, 2007 - Feb 11, 2021	-33.15% Feb 12, 2021 - Sep 5, 2025
#2	-60.79% Feb 17, 2021 - Oct 31, 2022	-32.18% Feb 19, 2020 - Jun 5, 2020
#3	-21.26% Jan 3, 2007 - May 16, 2007	-18.52% Jun 23, 2015 - Oct 10, 2016
#4	-21.18% May 8, 2006 - Oct 12, 2006	-13.86% Aug 29, 2018 - Feb 25, 2019
#5	-16.02% Jul 23, 2007 - Aug 24, 2007	-8.63% Sep 1, 2020 - Oct 9, 2020
#6	-13.91% Aug 15, 2005 - Jan 5, 2006	-7.55% Nov 3, 2025 - Jan 16, 2026
#7	-8.78% Oct 17, 2007 - Oct 31, 2007	-6.75% Jan 26, 2018 - Mar 8, 2018
#8	-8.75% Feb 28, 2005 - Jul 19, 2005	-6.55% Jul 24, 2019 - Nov 25, 2019
#9	-8.08% Aug 27, 2007 - Sep 13, 2007	-6.17% Jan 28, 2026 - Apr 8, 2026
#10	-7.96% Dec 2, 2004 - Feb 25, 2005	-5.84% Mar 12, 2018 - May 30, 2018
#11	-6.87% Oct 11, 2004 - Nov 10, 2004	-5.49% May 3, 2019 - Jul 1, 2019
#12	-6.41% Feb 22, 2006 - Mar 30, 2006	-4.87% Jun 8, 2020 - Jun 17, 2020
#13	-6.23% Apr 21, 2006 - May 5, 2006	-4.66% Oct 13, 2020 - Nov 5, 2020
#14	-5.56% May 16, 2007 - Jun 11, 2007	-4.43% Jun 20, 2018 - Aug 28, 2018
#15	-5.29% Oct 2, 2007 - Oct 5, 2007	-3.78% Jan 25, 2021 - Feb 2, 2021

Correlation

Correlation between FXI and ICVT is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.

0.20

-101

Dividend Comparison (2005 - 2026)

FXI vs ICVT dividend yield comparison.

Year	FXI	ICVT
2026	0.00%	0.42%
2025	2.42%	1.73%
2024	1.76%	2.19%
2023	3.17%	1.85%
2022	2.61%	1.93%
2021	1.60%	7.70%
2020	2.19%	3.98%
2019	2.74%	1.86%
2018	2.69%	4.82%
2017	2.31%	2.56%
2016	2.69%	3.06%
2015	2.90%	1.57%
2014	2.51%	0.00%
2013	2.64%	0.00%
2012	2.32%	0.00%
2011	2.19%	0.00%
2010	1.46%	0.00%
2009	1.30%	0.00%
2008	2.65%	0.00%
2007	1.23%	0.00%
2006	1.17%	0.00%
2005	2.03%	0.00%