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Data as of Oct 28, 2026.

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FXI vs IEMG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FXI returned −19.1% to IEMG's +15.3%; 11% of their weight is in the same names.

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Net assets: $3.7bn on Oct 28, 2026 for iShares China Large-Cap ETF, and $150.4bn on Oct 27, 2026 for iShares Core MSCI Emerging Markets ETF.

FXI on its own →IEMG on its own →
At a glance
−19.1%
FXI total return, 1 year
+15.3%
IEMG total return, 1 year
0.73%
FXI expense ratio
0.09%
IEMG expense ratio

Pair scorecard

IEMG costs 0.64 points a year less; their one-year returns differ by 34.4 points; IEMG is far larger, $148.2bn against $3.7bn.

FXI vs IEMG: Differences, Returns & Fees
MeasureFXIIEMG
Return
Total return, 1 year−19.1%+15.3%
Drawdown
Below its high32.7%, high on Feb 17, 202110.1%, high on Jun 22, 2026
Benchmark
What it tracksFTSE China 50 IndexMSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Expense ratio0.73%0.09%
Net assets, as of Oct 26, 2026$3.7bn$148.2bn
Holdings
Holdings in common11%
Top ten holdings, share of the fund58.4%32.7%

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

What they share

11%

By the books each fund has filed, FXI and IEMG hold 11% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

11% in common

Positions both hold · largest shared weight first FXI IEMG
TENCENT HOLDINGS 8.60% 2.32%
ALIBABA GROUP HOLDING 8.63% 1.60%
CHINA CONSTRUCTION BANK CORP H 9.81% 0.83%
INDUSTRIAL AND COMMERCIAL BANK OF 6.69% 0.48%
XIAOMI 4.86% 0.43%
BANK OF CHINA LTD H 4.76% 0.40%
MEITUAN 4.58% 0.35%
NETEASE 3.85% 0.31%
PING AN INSURANCE (GROUP) CO OF CH 3.49% 0.30%
BYD H 3.08% 0.25%
JD.COM CLASS A 2.90% 0.22%
PETROCHINA H 2.50% 0.21%
Only in one fund ↓
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%
Only in IEMG
TAIWAN SEMICONDUCTOR MANUFACTURING 14.03%
SAMSUNG ELECTRONICS LTD 6.05%
SK HYNIX 4.31%
MEDIATEK 1.36%
SAMSUNG ELECTRONICS NON VOTING PRE 0.80%
HON HAI PRECISION INDUSTRY 0.72%
DELTA ELECTRONICS 0.70%
HDFC BANK 0.63%
Check overlap with more funds →

Side by side

FXI iShares China Large-Cap ETF IEMG iShares Core MSCI Emerging Markets ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Tracks an index of China Large-Cap Tracks the MSCI Emerging Markets
Total return, 1 year −19.1% +15.3%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured −1.0 pts vs EEM
Expense ratio 0.73% 0.09%
Already in the S&P 500 0.0% 0.0%
Holdings 51 2857
Net assets, FXI as of Oct 28, 2026 and IEMG as of Oct 27, 2026 $3.7bn $150.4bn

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

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About each fund
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.

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% 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 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FXI or IEMG?
In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and IEMG +15.3%.
Which is cheaper, FXI or IEMG?
IEMG is cheaper, by 0.64 percentage points a year. That is about $64 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FXI and IEMG overlap with the S&P 500?
By their latest filed holdings, 0% of FXI and 0% of IEMG by weight is stocks the S&P 500 already holds.
Other comparisons
FXI vs VWOEEM vs FXIAVEM vs FXIEMXC vs FXIEWT vs IEMGIEMG vs VEAIEMG vs ILFIEMG vs INDA
Where to next
FXI on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →FXI dividend history →FXI holdings →IEMG dividend history →IEMG holdings →Standards and sources →
Sources and dates
FXI filings on SEC EDGAR ↗
FXI prospectus with the expense ratio (SEC) ↗
iShares page for FXI ↗
IEMG filings on SEC EDGAR ↗
IEMG prospectus with the expense ratio (SEC) ↗
iShares page for IEMG ↗

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.

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

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