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.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2004 |
| Assets (mns) | $5,032 |
| 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 +
| TENCENT HOLDINGS LTD | 9.5 % |
| MEITUAN DIANPING | 9.3 % |
| ALIBABA GROUP HOLDING LTD. | 7.2 % |
| CHINA CONSTRUCTION BANK-H | 6.5 % |
| JD.COM, INC. CLASS A | 5.3 % |
| IND & COMM BK OF CHINA - H | 4.5 % |
| WUXI BIOLOGICS (CAYMAN) INC. | 4.4 % |
| PING AN INSURANCE GROUP CO-H | 4.3 % |
| BAIDU, INC. CLASS A | 4.1 % |
| XIAOMI CORP. CLASS B | 3.4 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 463 |
| Wgt avg mkt cap (mns) | $150,539 |
| Large cap (>$10bn) | 92.2% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 27.6% |
| Emerging mkts. | 72.4% |
Country Exposure
 |
CHINA | 91.3 % |
 |
HONG KONG | 7.4 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -17.4% | -17.3% | -1.2% | -1.0% | 2.8% | 3.0% | 7.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 30% |
| MSCI EAFE | 0.59 | 32% |
| MSCI Emg Mkts | 0.71 | 59% |
Liquidity Measures
| Avg. volume (000) | 27,164 |
| Turnover | 20.9% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $8,550 |
Technical Indicators
| Recent close | $38.69 |
| 30d moving avg. | $40.02 |
| Annualized volatility | 18.5% |
| Relative strength (RSI) | 37 |
| Short interest (ETF) | 27.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXI |
Expenses vs. FXI |
ALTAR Score™ vs. FXI |
|---|---|---|---|---|
| BKF | iShares MSCI BRIC ETF | 61.8% | -4 bp | -4.4% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 56.0% | -49 bp | -5.0% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 53.7% | -15 bp | -1.9% |
| MCHI | iShares MSCI China ETF | 49.6% | -15 bp | -2.9% |
| FLCH | Franklin FTSE China ETF | 48.9% | -55 bp | -2.1% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 43.0% | -5 bp | -6.2% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 38.3% | -42 bp | -5.1% |
| ESGE | iShares ESG Aware MSCI EM ETF | 38.2% | -49 bp | -4.3% |
| AIA | iShares Asia 50 ETF | 37.0% | -24 bp | -4.8% |
| KALL | KraneShares MSCI All China Index ETF | 36.3% | -25 bp | -2.6% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 12/7/2021
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FXI
11.8%
Cat. Avg
7.9%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.8% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 173 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.3%. FXI's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places FXI in the 82nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FXI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXI | 74.0 | 2.5 | 76.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .