FXI vs IVV
iShares China Large-Cap ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FXI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.73% | 0.03% | |
| AUM | $4.2B | $865.2B | |
| Dividend Yield | 2.14% | 1.09% | |
| Holdings | 59 | 508 | |
| YTD Return | -10.86% | +13.72% | |
| 1Y Return | -5.43% | +21.64% | |
| 3Y Return (annualized) | +11.19% | +21.55% | |
| 5Y Return (annualized) | -0.73% | +13.27% | |
| Volatility (annualized) | 26.4% | 15.1% | |
| Max Drawdown | -73.3% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2004 | May 15, 2000 |
FXI vs IVV Performance
iShares China Large-Cap ETF (FXI) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FXI returned -5.43% while IVV returned +21.64%. Year to date, FXI is down 10.86% versus a gain of 13.72% for IVV.
Over three years, FXI compounded at +11.19% per year against +21.55% for IVV; over five years the annualized figures are -0.73% and +13.27% respectively. Across the full 22-year window we track, IVV has the edge at +7.04% annualized vs +3.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXI has been the more volatile fund, with annualized monthly volatility of 26.4% compared with 15.1% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.14% against 1.09% for IVV.
Holdings Overlap
FXI and IVV share 1 holdings out of 555 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FXI | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.09% | 0.15% | 0.06% |
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. On a $10,000 investment, that is $70 per year of difference.
Which performed better, FXI or IVV?
Over the past year FXI returned -5.43% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (22 years), FXI annualized +3.75% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FXI or IVV?
FXI has been the more volatile fund at 26.4% annualized versus 15.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FXI and IVV?
FXI and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, FXI or IVV?
FXI yields 2.14% while IVV yields 1.09%, so FXI currently pays the higher dividend yield.
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