FXI
iShares China Large-Cap ETF
The iShares China Large-Cap ETF seeks to track the investment results of an index composed of large-capitalization Chinese equities that trade on the Hong Kong Stock Exchange.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
8.4 B
ASSETS UNDER MGMT
74 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2004 |
| Assets (mns) | $8,427 |
| Expense ratio | 74 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Hong Kong-listed |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MEITUAN DIANPING | 10.3 % |
| TENCENT HOLDINGS LTD | 8.3 % |
| ALIBABA GROUP HOLDING LTD. | 8.3 % |
| CHINA CONSTRUCTION BANK-H | 6.0 % |
| XIAOMI CORP. CLASS B | 5.6 % |
| JD.COM, INC. CLASS A | 4.8 % |
| IND & COMM BK OF CHINA - H | 4.2 % |
| BANK OF CHINA LTD - H | 4.1 % |
| PING AN INSURANCE GROUP CO-H | 4.0 % |
| BYD CO LTD-H | 4.0 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 469 |
| Wgt avg mkt cap (mns) | $143,610 |
| Large cap (>$10bn) | 99.5% |
| Mid cap ($2-10bn) | 0.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 18.3% |
| Emerging mkts. | 81.7% |
Country Exposure
 |
CHINA | 97.4 % |
 |
HONG KONG | 1.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 28.2% | 23.8% | 24.4% | -6.5% | -3.5% | -0.2% | 5.7% | Volatility | 32.2% | 31.3% | 31.6% | 34.8% | 32.4% | 28.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.34 | 3% |
| MSCI EAFE | 0.77 | 15% |
| MSCI Emg Mkts | 1.57 | 61% |
Liquidity Measures
| Avg. volume (000) | 49,076 |
| Turnover | 17.7% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $6,062 |
Technical Indicators
| Recent close | $30.35 |
| 30d moving avg. | $32.13 |
| Annualized volatility | 34.9% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 27.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXI |
Expenses vs. FXI |
ALTAR Score™ vs. FXI |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 53.8% | -15 bp | +0.2% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 49.7% | -5 bp | -11.9% |
| FLCH | Franklin FTSE China ETF | 48.9% | -55 bp | +0.7% |
| GXC | SPDR S&P China ETF | 44.2% | -15 bp | +0.2% |
| MCH | Matthews China Active ETF | 41.9% | +5 bp | -2.8% |
| KWEB | KraneShares CSI China Internet ETF | 40.5% | -5 bp | -9.6% |
| KALL | KraneShares MSCI All China Index ETF | 39.2% | -25 bp | +0.8% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 38.7% | -42 bp | -2.1% |
| JCHI | JPMorgan Active China ETF | 37.8% | -9 bp | -0.2% |
| FDNI | First Trust Dow Jones International Internet ETF | 37.4% | -9 bp | -6.1% |
Risk and Returns: FXI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FXI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FXI
8.2%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. FXI's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places FXI in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FXISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| FXI (74 bp) Percentile rank | 83 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXI | 74.0 | 3.8 | 77.8 |
| Peer Avg. | 57.4 | 20.9 | 78.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .