Which returned more over the last year, EEM or FXI?

In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and FXI −19.1%.

Which is cheaper, EEM or FXI?

EEM is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do EEM and FXI overlap with the S&P 500?

By their latest filed holdings, 0% of EEM and 0% of FXI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EEM vs FXI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to FXI's −19.1%; 12% of their weight is in the same names.

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Net assets: $29.1bn on Oct 27, 2026 for iShares MSCI Emerging Markets ETF, and $3.7bn on Oct 28, 2026 for iShares China Large-Cap ETF.

EEM on its own →FXI on its own →

At a glance

+16.3%

EEM total return, 1 year

−19.1%

FXI total return, 1 year

0.72%

EEM expense ratio

0.73%

FXI expense ratio

Pair scorecard

EEM costs 0.01 points a year less; their one-year returns differ by 35.4 points; EEM is 7.8 times larger.

EEM vs FXI: Differences, Returns & Fees
Measure	EEM	FXI
Return
Measure	EEM	FXI
Total return, 1 year	+16.3%	−19.1%
Drawdown
Measure	EEM	FXI
Below its high	10.8%, high on Jun 22, 2026	32.7%, high on Feb 17, 2021
Benchmark
Measure	EEM	FXI
What it tracks	MSCI Emerging Markets Index	FTSE China 50 Index
Cost and size
Measure	EEM	FXI
Expense ratio	0.72%	0.73%
Net assets, as of Oct 26, 2026	$28.7bn	$3.7bn
Holdings
Measure	EEM	FXI
Holdings in common	12%
Top ten holdings, share of the fund	37.2%	58.4%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 15, 2004 to Oct 23, 2026 · 1,149 weekly returns

EEM FXI

Return

Total return edge EEM +401.6% +196.5%

Annualized edge EEM +7.6% +5.0%

Price return edge EEM +223.8% +85.0%

Risk

Volatility edge EEM 23.4% 27.3%

Max drawdown edge EEM (slight) −62.6% −68.2%

Risk-adjusted

Sharpe edge EEM 0.35 0.25

Sortino edge EEM 0.51 0.36

Calmar edge EEM 0.12 0.07

Reading

EEM returned more: +401.6% to +196.5%. EEM swung less: 23.4% to 27.3%. EEM fell slightly less at its worst: −62.6% to −68.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: EEM vs FXI: Differences, Returns & Fees
Measure	EEM	FXI	Edge	How it is measured
Return
Total return	+401.6%	+196.5%	EEM	Price change plus distributions, reinvested.
Annualized	+7.6%	+5.0%	EEM	Total return as a yearly rate.
Price return	+223.8%	+85.0%	EEM	Price change alone, distributions left out.
Risk
Volatility	23.4%	27.3%	EEM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.3%	18.8%	EEM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−62.6%	−68.2%	EEM (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.35	0.25	EEM	Return above Treasury bills per unit of volatility.
Sortino	0.51	0.36	EEM	Return above Treasury bills per unit of downside deviation.
Calmar	0.12	0.07	EEM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,149 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, EEM and FXI hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first EEM FXI

TENCENT HOLDINGS 2.64% 8.60%

ALIBABA GROUP HOLDING 1.82% 8.63%

CHINA CONSTRUCTION BANK CORP H 0.94% 9.81%

INDUSTRIAL AND COMMERCIAL BANK OF 0.55% 6.69%

XIAOMI 0.49% 4.86%

BANK OF CHINA LTD H 0.45% 4.76%

MEITUAN 0.40% 4.58%

NETEASE 0.35% 3.85%

PING AN INSURANCE (GROUP) CO OF CH 0.34% 3.49%

BYD H 0.29% 3.08%

JD.COM CLASS A 0.25% 2.90%

PETROCHINA H 0.24% 2.50%

Only in one fund ↓

Only in EEM

TAIWAN SEMICONDUCTOR MANUFACTURING 15.98%

SAMSUNG ELECTRONICS LTD 6.88%

SK HYNIX 4.91%

MEDIATEK 1.54%

SAMSUNG ELECTRONICS NON VOTING PRE 0.91%

HON HAI PRECISION INDUSTRY 0.82%

DELTA ELECTRONICS 0.79%

HDFC BANK 0.72%

Only in FXI

GIGADEVICE SEMICONDUCTOR INC CLASS 0.13%

JIANGSU HENGRUI PHARMACEUTICALS LT 0.12%

CHINA EVERBRIGHT BANK LTD H 0.10%

MONTAGE TECHNOLOGY CLASS H 0.10%

FTSE CHINA H50 NOV 26 0.00%

Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF FXI iShares China Large-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of Emerging markets Tracks an index of China Large-Cap

Total return, 1 year +16.3% −19.1%

Expense ratio 0.72% 0.73%

Already in the S&P 500 0.0% 0.0%

Holdings 1186 51

Net assets, EEM as of Oct 27, 2026 and FXI as of Oct 28, 2026 $29.1bn $3.7bn

EEM and FXI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-8D3C26F3A2

EEM and FXI do different jobs. What does each one do in a portfolio?

What each follows. EEM follows MSCI Emerging Markets Index and FXI follows FTSE China 50 Index.
Holdings in common. 12% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 EEM returned +16.3% and FXI −19.1% with distributions reinvested, a gap of 35.4 points.

Data as of Oct 28, 2026.

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About each fund

EEM

EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 2026 on Oct 28, 2026.

FXI

FXI tracks an index of China Large-Cap. Over the year to Oct 28, 2026 it returned −19.1% with distributions reinvested. The prospectus expense ratio is 0.73% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 51 positions, with the top ten at 58.4%. It sat 32.7% below its high of Feb 17, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EEM or FXI?: In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and FXI −19.1%.
Which is cheaper, EEM or FXI?: EEM is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and FXI overlap with the S&P 500?: By their latest filed holdings, 0% of EEM and 0% of FXI by weight is stocks the S&P 500 already holds.

Other comparisons

EEM vs EWT EEM vs VEA EEM vs ILF EEM vs INDA FXI vs VWO FXI vs IEMG EMXC vs FXI AVEM vs FXI

Where to next

EEM on its own →FXI on its own →Hold both: look the portfolio through →Rankings →EEM dividend history →EEM holdings →FXI dividend history →FXI holdings →Standards and sources →

Sources and dates

EEM filings on SEC EDGAR ↗

EEM prospectus with the expense ratio (SEC) ↗

iShares page for EEM ↗

FXI filings on SEC EDGAR ↗

FXI prospectus with the expense ratio (SEC) ↗

iShares page for FXI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, EEM against FXI, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-fxi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.