Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
FXI vs SPY: how they differ
FXI and SPY hold 0% of their weight in the same names, and SPY returned more over the year.
iShares China Large-Cap ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, FXI and SPY hold 0% of their money in the same securities at the same weight.
| Only in FXI | Only in SPY |
|---|---|
| CHINA CONSTRUCTION BANK CORP H 9.88% | NVIDIA CORP 8.08% |
| ALIBABA GROUP HOLDING 9.14% | APPLE INC 7.33% |
| TENCENT HOLDINGS 8.34% | MICROSOFT CORP 5.59% |
| INDUSTRIAL AND COMMERCIAL BANK OF 6.56% | AMAZON.COM INC 3.77% |
| XIAOMI 4.83% | ALPHABET INC CL A 2.98% |
| MEITUAN 4.36% | BROADCOM INC 2.61% |
| BANK OF CHINA LTD H 4.32% | ALPHABET INC CL C 2.39% |
| PING AN INSURANCE (GROUP) CO OF CH 3.80% | META PLATFORMS INC CLASS A 2.16% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| FXI iShares China Large-Cap ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | China Large-Cap | S&P 500 |
| Total return, 1 year | −13.8% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −31.3 pts | 0.0 pts |
| Expense ratio | 0.73% | 0.09% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 53 | 505 |
FXI in plain words
FXI is an index equity fund tracking the China Large-Cap. Over the year to Sep 11, 2026 it returned −13.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.73% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 57.9%. It sat 28.5% below its high of Feb 17, 2021 on Sep 11, 2026.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
Questions people ask
- Which returned more over the last year, FXI or SPY?
- In the year to Sep 13, 2026, with distributions reinvested, FXI returned −13.8% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FXI or SPY?
- FXI charges 0.73% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do FXI and SPY overlap with the S&P 500?
- By their latest filed holdings, 0% of FXI and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FXI against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/fxi-vs-spy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources