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
3.8 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) | $3,841 |
| 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 +
| ALIBABA GROUP HOLDING LTD. | 10.1 % |
| TENCENT HOLDINGS LTD | 9.1 % |
| MEITUAN DIANPING | 8.6 % |
| CHINA CONSTRUCTION BANK-H | 7.1 % |
| IND & COMM BK OF CHINA - H | 4.8 % |
| XIAOMI CORP. CLASS B | 4.3 % |
| BANK OF CHINA LTD - H | 4.3 % |
| JD.COM, INC. CLASS A | 4.2 % |
| BYD CO LTD-H | 3.7 % |
| PING AN INSURANCE GROUP CO-H | 3.6 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 482 |
| Wgt avg mkt cap (mns) | $135,362 |
| Large cap (>$10bn) | 99.2% |
| Mid cap ($2-10bn) | 0.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 14.8% |
| Emerging mkts. | 85.2% |
Country Exposure
 |
CHINA | 96.9 % |
 |
HONG KONG | 2.5 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.5% | -3.4% | -5.1% | -12.3% | -5.9% | -2.1% | 4.9% | Volatility | 27.7% | 27.3% | 31.2% | 33.5% | 31.0% | 27.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.34 | 4% |
| MSCI EAFE | 0.80 | 18% |
| MSCI Emg Mkts | 1.50 | 61% |
Liquidity Measures
| Avg. volume (000) | 28,864 |
| Turnover | 19.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $4,816 |
Technical Indicators
| Recent close | $25.71 |
| 30d moving avg. | $26.06 |
| Annualized volatility | 32.9% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 55.2% |
| 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 | 54.4% | -15 bp | -0.5% |
| FLCH | Franklin FTSE China ETF | 49.8% | -55 bp | +0.2% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 48.0% | -5 bp | -14.2% |
| GXC | SPDR S&P China ETF | 44.0% | -15 bp | -0.4% |
| MCH | Matthews China Active ETF | 43.3% | +5 bp | -3.4% |
| KWEB | KraneShares CSI China Internet ETF | 41.5% | -5 bp | -11.6% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 40.5% | -42 bp | -3.0% |
| KALL | KraneShares MSCI All China Index ETF | 40.4% | -25 bp | +0.5% |
| JCHI | JPMorgan Active China ETF | 39.1% | -9 bp | -0.9% |
| FDNI | First Trust Dow Jones International Internet ETF | 36.0% | -9 bp | -7.2% |
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 9/12/2024
Peer Group Comparison Sample data. Subscribe for access.
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FXI
10.0%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 162 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.3%. FXI's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places FXI in the 69th 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 | 82 |
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. | 56.1 | 21.3 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .