Data as of Oct 28, 2026.
FXI vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, FXI returned −19.1% to USMV's +10.8%; 0% of their weight is in the same names.
askIQ about this page
askIQ about FXI and USMV
Net assets: $3.7bn on Oct 28, 2026 for iShares China Large-Cap ETF, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.58 points a year less; their one-year returns differ by 29.9 points; USMV is 6.5 times larger.
| Measure | FXI | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | −19.1% | +10.8% |
| Drawdown | ||
| Below its high | 32.7%, high on Feb 17, 2021 | |
| Benchmark | ||
| What it tracks | FTSE China 50 Index | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.73% | 0.15% |
| Net assets, as of Oct 23, 2026 | $3.7bn | $24.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 58.4% | 14.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsUSMV returned more: +423.5% to +22.9%. USMV swung less: 13.4% to 24.6%. USMV fell less at its worst: −30.6% to −59.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FXI | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +22.9% | +423.5% | USMV | Price change plus distributions, reinvested. |
| Annualized | +1.4% | +11.6% | USMV | Total return as a yearly rate. |
| Price return | −14.5% | +295.7% | USMV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.6% | 13.4% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.1% | 9.3% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −59.0% | −30.6% | USMV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.11 | 0.76 | USMV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.16 | 1.09 | USMV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.02 | 0.38 | USMV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 782 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FXI and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
FXI and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FXI and USMV do different jobs. What does each one do in a portfolio?
- What each follows. FXI follows FTSE China 50 Index and USMV follows MSCI USA Minimum Volatility (USD) 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 USMV +10.8% with distributions reinvested, a gap of 29.9 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Which returned more over the last year, FXI or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and USMV +10.8%.
- Which is cheaper, FXI or USMV?
- USMV is cheaper, by 0.58 percentage points a year. That is about $58 on $10,000 held for a year. Fees come from each fund's prospectus.
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 USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/fxi-vs-usmv
ETFIQ. (Oct 28, 2026). FXI against USMV. Retrieved from https://etfiq.com/compare/any/fxi-vs-usmv
[FXI against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fxi-vs-usmv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.