Are FXI and XBI in the same category?

FXI is a stock ETF and XBI is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

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

In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and XBI +41.2%.

Which is cheaper, FXI or XBI?

XBI is cheaper, by 0.38 percentage points a year. That is about $38 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 0% of FXI and 13% of XBI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FXI vs XBI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FXI returned −19.1% to XBI's +41.2%, and XBI charges 0.35% to FXI's 0.73%.

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Net assets: $3.7bn on Oct 28, 2026 for iShares China Large-Cap ETF, and $10.3bn on Oct 27, 2026 for State Street SPDR S&P Biotech ETF.

FXI on its own →XBI on its own →

At a glance

−19.1%

FXI total return, 1 year

+41.2%

XBI total return, 1 year

0.73%

FXI expense ratio

0.35%

XBI expense ratio

Pair scorecard

XBI costs 0.38 points a year less; their one-year returns differ by 60.3 points; XBI is 2.8 times larger.

FXI vs XBI: Differences, Returns & Fees
Measure	FXI	XBI
Return
Measure	FXI	XBI
Total return, 1 year	−19.1%	+41.2%
Drawdown
Measure	FXI	XBI
Below its high	32.7%, high on Feb 17, 2021
Below its all-time high		8.9%, high on Feb 8, 2021
Benchmark
Measure	FXI	XBI
What it tracks	FTSE China 50 Index	Biotech
Cost and size
Measure	FXI	XBI
Expense ratio	0.73%	0.35%
Net assets, as of Oct 26, 2026	$3.7bn	$10.2bn
Active share vs the S&P 500		98%
Holdings
Measure	FXI	XBI
Holdings in common	0%
Top ten holdings, share of the fund	58.4%	18%

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

What they share

By the books each fund has filed, FXI and XBI 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 XBI

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 XBI

MODERNA INC 2.24%

TWIST BIOSCIENCE CORP 1.86%

NATERA INC 1.82%

BIOGEN INC 1.75%

HALOZYME THERAPEUTICS INC 1.75%

UNITED THERAPEUTICS CORP 1.71%

AMGEN INC 1.68%

ABBVIE INC 1.67%

Check overlap with more funds →

Side by side

FXI iShares China Large-Cap ETF XBI State Street SPDR S&P Biotech ETF

Where it sits Stock ETF Thematic ETF

Issuer iShares State Street

What it is Tracks an index of China Large-Cap Biotech

Total return, 1 year −19.1% +41.2%

Expense ratio 0.73% 0.35%

Already in the S&P 500 0.0% 13.2%

Holdings 51 165

Net assets, FXI as of Oct 28, 2026 and XBI as of Oct 27, 2026 $3.7bn $10.3bn

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

Alert

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.

XBI

By weight, 13% of XBI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 18% of the fund across 165 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +41.2% with distributions reinvested. It sits 8.9% below its all-time high of Feb 8, 2021.

Questions people ask

Are FXI and XBI in the same category?: FXI is a stock ETF and XBI is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, FXI or XBI?: In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and XBI +41.2%.
Which is cheaper, FXI or XBI?: XBI is cheaper, by 0.38 percentage points a year. That is about $38 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FXI and XBI overlap with the S&P 500?: By their latest filed holdings, 0% of FXI and 13% of XBI by weight is stocks the S&P 500 already holds.

Other comparisons

FXI vs IBB FXI vs PDBC CGBL vs FXI FXI vs HGER EWT vs XBI ILF vs XBI INDA vs XBI FLKR vs XBI

Where to next

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

Sources and dates

FXI filings on SEC EDGAR ↗

FXI prospectus with the expense ratio (SEC) ↗

iShares page for FXI ↗

XBI filings on SEC EDGAR ↗

XBI prospectus with the expense ratio (SEC) ↗

State Street website ↗

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 XBI, data as of Oct 28, 2026. https://etfiq.com/compare/any/fxi-vs-xbi

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