FXI vs SPY
Comparison between ISHARES CHINA LARGE-CAP ETF (FXI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FXI, delivering a return of +13.2% compared to -4.2%
FXI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FXI
$5.50B
Winner
SPY
$784B
Expense Ratio
FXI
0.73%
Winner
SPY
0.09%
Max Drawdown
FXI
73.34%
Winner
SPY
56.47%
Sharpe Ratio
FXI
-0.39
Winner
SPY
1.54
5Y Beta
Winner
FXI
0.68
SPY
1.00
P/E Ratio
FXI
N/A
SPY
27.62
Forward P/E
FXI
N/A
SPY
21.11
5Y Dividends CAGR
FXI
0.35%
Winner
SPY
6.00%
5Y EPS CAGR
FXI
N/A
SPY
25.30%
Debt to Equity
FXI
N/A
SPY
31.11%
P/S Ratio
FXI
N/A
SPY
3.49
P/B Ratio
FXI
N/A
SPY
5.30
FXI vs SPY - Holdings Comparison
FXI and SPY have 1 common holdings. Overlap is -0.76%
FXI's top 25 holdings weight is 84.39%. SPY's top 25 holdings weight is 51.24%.
| Rank | FXI | SPY |
|---|---|---|
| #1 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 8.60% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | TENCENT HOLDINGS LTD (n/a) - 7.65% | APPLE INC (AAPL) - 6.81% |
| #3 | ALIBABA GROUP HOLDING LTD ORDINARY SHARES (n/a) - 7.59% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD CLASS H (n/a) - 6.35% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | XIAOMI CORP CLASS B (n/a) - 4.95% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | MEITUAN CLASS B (n/a) - 4.48% | BROADCOM INC (AVGO) - 2.77% |
| #7 | BANK OF CHINA LTD CLASS H (n/a) - 4.12% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | PING AN INSURANCE (GROUP) CO. OF CHINA LTD CLASS H (n/a) - 4.11% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | NETEASE INC ORDINARY SHARES (n/a) - 4.02% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | BYD CO LTD CLASS H (n/a) - 3.40% | TESLA INC (TSLA) - 1.76% |
| #11 | JD.COM INC ORDINARY SHARES CLASS A (n/a) - 2.98% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | BAIDU INC (n/a) - 2.72% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 2.52% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | TRIP.COM GROUP LTD (n/a) - 2.47% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 2.23% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | PETROCHINA CO LTD CLASS H (n/a) - 2.22% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | CHINA MERCHANTS BANK CO LTD CLASS H (n/a) - 2.07% | VISA INC CLASS A (V) - 0.87% |
| #18 | AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 2.03% | INTEL CORP (INTC) - 0.85% |
| #19 | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD ORDINARY SHARES CLASS H (n/a) - 1.68% | WALMART INC (WMT) - 0.82% |
| #20 | CHINA SHENHUA ENERGY CO LTD CLASS H (n/a) - 1.65% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | KUAISHOU TECHNOLOGY ORDINARY SHARES CLASS B (n/a) - 1.52% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | BEONE MEDICINES LTD ORDINARY SHARES (n/a) - 1.40% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | POP MART INTERNATIONAL GROUP LTD ORDINARY SHARES (n/a) - 1.29% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | PICC PROPERTY AND CASUALTY CO LTD CLASS H (n/a) - 1.21% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | CHINA RESOURCES LAND LTD (n/a) - 1.13% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 60 | 505 |
FXI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FXI
-6.88%
Winner
SPY
-1.37%
3M
FXI
-6.51%
Winner
SPY
+12.22%
6M
FXI
-14.15%
Winner
SPY
+7.20%
1Y
FXI
-7.32%
Winner
SPY
+23.58%
5Y(CAGR)
FXI
-4.18%
Winner
SPY
+13.19%
10Y(CAGR)
FXI
+1.91%
Winner
SPY
+15.12%
Max(CAGR)
FXI
+5.63%
Winner
SPY
+8.44%
FXI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FXI | SPY |
|---|---|---|
| 2026 | -16.94% | +7.95% |
| 2025 | +31.30% | +18.00% |
| 2024 | +33.33% | +25.59% |
| 2023 | -15.40% | +26.72% |
| 2022 | -20.60% | -18.64% |
| 2021 | -19.82% | +30.52% |
| 2020 | +5.89% | +17.28% |
| 2019 | +15.81% | +31.09% |
| 2018 | -16.17% | -5.24% |
| 2017 | +34.51% | +20.78% |
| 2016 | +4.45% | +13.59% |
| 2015 | -13.05% | +1.31% |
| 2014 | +15.20% | +14.56% |
| 2013 | -5.45% | +29.00% |
| 2012 | +15.49% | +14.17% |
| 2011 | -18.76% | +0.85% |
| 2010 | +1.39% | +13.14% |
| 2009 | +37.80% | +22.67% |
| 2008 | -45.69% | -36.25% |
| 2007 | +51.55% | +5.32% |
| 2006 | +83.69% | +13.85% |
| 2005 | +18.45% | +5.32% |
| 2004 | +3.37% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FXI vs SPY Drawdown Comparison
The maximum drawdown for FXI was -71.37%, occurring on Oct 27, 2008. Recovery took 3326 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FXI drawdown is -31.94%. The current SPY drawdown is -3.18%.
| Rank | FXI | SPY |
|---|---|---|
| #1 | -71.37% Oct 31, 2007 - Jan 19, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -60.79% Feb 17, 2021 - Oct 31, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.26% Jan 3, 2007 - May 16, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.18% May 8, 2006 - Oct 12, 2006 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -16.02% Jul 23, 2007 - Aug 24, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.91% Aug 15, 2005 - Dec 23, 2005 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.78% Oct 17, 2007 - Oct 31, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.75% Feb 28, 2005 - Jul 19, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.08% Aug 27, 2007 - Sep 13, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.96% Dec 2, 2004 - Feb 25, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.87% Oct 11, 2004 - Nov 10, 2004 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.69% Jan 25, 2021 - Feb 11, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.41% Feb 22, 2006 - Mar 30, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.23% Apr 21, 2006 - May 5, 2006 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.56% May 16, 2007 - Jun 11, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FXI and SPY is 0.45 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.45
-101
Dividend Comparison (1999 - 2026)
FXI vs SPY dividend yield comparison.
| Year | FXI | SPY |
|---|---|---|
| 2026 | 0.80% | 0.50% |
| 2025 | 2.42% | 1.07% |
| 2024 | 1.76% | 1.21% |
| 2023 | 3.17% | 1.40% |
| 2022 | 2.61% | 1.65% |
| 2021 | 1.60% | 1.20% |
| 2020 | 2.19% | 1.52% |
| 2019 | 2.74% | 1.75% |
| 2018 | 2.69% | 2.04% |
| 2017 | 2.31% | 1.80% |
| 2016 | 2.69% | 2.03% |
| 2015 | 2.90% | 2.06% |
| 2014 | 2.51% | 1.87% |
| 2013 | 2.64% | 1.81% |
| 2012 | 2.32% | 2.18% |
| 2011 | 2.19% | 2.05% |
| 2010 | 1.46% | 1.80% |
| 2009 | 1.30% | 1.95% |
| 2008 | 6.51% | 3.02% |
| 2007 | 3.68% | 1.85% |
| 2006 | 3.51% | 1.73% |
| 2005 | 6.10% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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