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

In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and USHY +1.7%.

Which is cheaper, FXI or USHY?

USHY is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FXI vs USHY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FXI returned −19.1% to USHY's +1.7%; 0% 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 $26.3bn on Oct 27, 2026 for iShares Broad USD High Yield Corporate Bond ETF.

FXI on its own →USHY on its own →

At a glance

−19.1%

FXI total return, 1 year

+1.7%

USHY total return, 1 year

0.73%

FXI expense ratio

0.08%

USHY expense ratio

Pair scorecard

USHY costs 0.65 points a year less; their one-year returns differ by 20.8 points; USHY is 7.0 times larger.

FXI vs USHY: Differences, Returns & Fees
Measure	FXI	USHY
Return
Measure	FXI	USHY
Total return, 1 year	−19.1%	+1.7%
Drawdown
Measure	FXI	USHY
Below its high	32.7%, high on Feb 17, 2021
Benchmark
Measure	FXI	USHY
What it tracks	FTSE China 50 Index	ICE BofA US High Yield Constrained Index
Cost and size
Measure	FXI	USHY
Expense ratio	0.73%	0.08%
Net assets, as of Oct 23, 2026	$3.7bn	$25.8bn
Holdings
Measure	FXI	USHY
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	58.4%

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

Risk and return

Nov 3, 2017 to Oct 23, 2026 · 468 weekly returns

FXI USHY

Return

Total return edge USHY −13.3% +47.3%

Annualized edge USHY −1.6% +4.4%

Price return edge USHY −30.2% −14.9%

Risk

Volatility edge USHY 26.3% 9.7%

Max drawdown edge USHY −59.0% −21.9%

Risk-adjusted

Sharpe edge USHY −0.03 0.21

Sortino edge USHY −0.05 0.30

Calmar edge USHY −0.03 0.20

Reading

USHY returned more: +47.3% to −13.3%. USHY swung less: 9.7% to 26.3%. USHY fell less at its worst: −21.9% to −59.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FXI vs USHY: Differences, Returns & Fees
Measure	FXI	USHY	Edge	How it is measured
Return
Total return	−13.3%	+47.3%	USHY	Price change plus distributions, reinvested.
Annualized	−1.6%	+4.4%	USHY	Total return as a yearly rate.
Price return	−30.2%	−14.9%	USHY	Price change alone, distributions left out.
Risk
Volatility	26.3%	9.7%	USHY	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.3%	6.8%	USHY	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−59.0%	−21.9%	USHY	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.03	0.21	USHY	Return above Treasury bills per unit of volatility.
Sortino	−0.05	0.30	USHY	Return above Treasury bills per unit of downside deviation.
Calmar	−0.03	0.20	USHY	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FXI and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FXI USHY

Only in one fund ↓

Only in FXI

CHINA CONSTRUCTION BANK CORP H 9.81%

ALIBABA GROUP HOLDING 8.63%

TENCENT HOLDINGS 8.60%

INDUSTRIAL AND COMMERCIAL BANK OF 6.69%

XIAOMI 4.86%

BANK OF CHINA LTD H 4.76%

MEITUAN 4.58%

NETEASE 3.85%

Only in USHY

1261229 BC LTD 144A 0.48%

ECHOSTAR CORP 0.40%

MERIDIAN ARC HOLDCO LLC 144A 0.36%

PR RNO PROPERTY OWNER 1 LLC 144A 0.31%

SOFTBANK GROUP CORP 144A 0.30%

SOFTBANK GROUP CORP 144A 0.29%

CLOUD SOFTWARE GROUP LLC 144A 0.27%

QUIKRETE HOLDINGS INC 144A 0.27%

Check overlap with more funds →

Side by side

FXI iShares China Large-Cap ETF USHY iShares Broad USD High Yield Corporate Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of China Large-Cap Tracks an index of Broad USD High Yield Corporate Bond

Total return, 1 year −19.1% +1.7%

Its benchmark over the same days not measured +1.8% (SPHY)

Gap to its benchmark not measured −0.1 pts vs SPHY

Expense ratio 0.73% 0.08%

Holdings 51 1900

Net assets, FXI as of Oct 28, 2026 and USHY as of Oct 27, 2026 $3.7bn $26.3bn

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

Client brief · page 1 of 2 Report BR-962000E21B

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

What each follows. FXI follows FTSE China 50 Index and USHY follows ICE BofA US High Yield Constrained Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 FXI returned −19.1% and USHY +1.7% with distributions reinvested, a gap of 20.8 points.

Data as of Oct 28, 2026.

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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.

USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, FXI or USHY?: In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and USHY +1.7%.
Which is cheaper, FXI or USHY?: USHY is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FXI vs JNK FXI vs HYG FXI vs SHY FXI vs JAAA EWT vs USHY INDA vs USHY URTH vs USHY USHY vs VPL

Where to next

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

Sources and dates

FXI and USHY filings on SEC EDGAR ↗

FXI prospectus with the expense ratio (SEC) ↗

iShares page for FXI ↗

USHY prospectus with the expense ratio (SEC) ↗

iShares page for USHY ↗

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

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