FXI vs IVV
iShares China Large-Cap ETF vs iShares Core S&P 500 ETF
Which is better, FXI or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FXI | IVV |
|---|---|---|
| Expense Ratio | 0.73% | 0.03%Best |
| AUM | $4.2B | $876.4B |
| Dividend Yield | 1.91% | 1.06% |
| Holdings | 60 | 508 |
| YTD Return | -13.06% | +13.32%Best |
| 1Y Return | -12.73% | +17.08%Best |
| 3Y Return (annualized) | +11.54% | +22.72%Best |
| 5Y Return (annualized) | -0.10% | +13.20%Best |
| Volatility (annualized) | 26.3% | 14.8%Best |
| Max Drawdown | -73.3% | -56.5%Best |
| $10,000 over 5 years | $9,950 | $18,588Best |
| Top 10 Weight | 58.4% | 37.8%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 5, 2004 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Oct 8, 2004 to Sep 23, 2026 (22 years).
FXI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 22 years both funds cover.
FXI vs IVV Performance
iShares China Large-Cap ETF (FXI) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FXI returned -12.73% while IVV returned +17.08%. Year to date, FXI is down 13.06% versus a gain of 13.32% for IVV.
Over three years, FXI compounded at +11.54% per year against +22.72% for IVV; over five years the annualized figures are -0.10% and +13.20% respectively. Across the full 22-year window we track, IVV has the edge at +9.56% annualized vs +3.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXI has been the more volatile fund, with annualized monthly volatility of 26.3% compared with 14.8% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -73.3% for FXI and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FXI charges 0.73% per year while IVV charges 0.03%. On a $10,000 position that is $73 vs $3 annually, a gap of $70 per year that compounds over a long holding period. On income, FXI currently yields 1.91% against 1.06% for IVV.
Holdings Overlap
0.1% of FXI's money is in holdings IVV also owns. 0.1% of IVV's money is in holdings FXI also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 51 positions we hold weights for in FXI and 490 in IVV, against full books of 60 and 508.
What only one of them owns
Our book lists 481 positions for IVV that do not appear in our book for FXI (98.5% of the fund), and 0 for FXI that do not appear in IVV (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FXI | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.09% | 0.15% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of FXI and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FXI or IVV?
FXI has an expense ratio of 0.73% while IVV charges 0.03%. IVV is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, FXI or IVV?
Over the past year FXI returned -12.73% vs +17.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (22 years), FXI annualized +3.61% vs +9.56% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXI or IVV?
FXI has been the more volatile fund at 26.3% annualized versus 14.8% for IVV. Worst drawdown: FXI -73.3% vs IVV -56.5%.
Should I hold both FXI and IVV?
FXI and IVV have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FXI or IVV?
FXI yields 1.91% while IVV yields 1.06%, so FXI currently pays the higher dividend yield.
Is IVV better than FXI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.