Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
FXI vs XLF: how they differ
FXI and XLF hold 0% of their weight in the same names, and XLF returned more over the year.
iShares China Large-Cap ETF and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, FXI and XLF hold 0% of their money in the same securities at the same weight.
| Only in FXI | Only in XLF |
|---|---|
| CHINA CONSTRUCTION BANK CORP H 9.88% | JPMORGAN CHASE + CO 11.81% |
| ALIBABA GROUP HOLDING 9.14% | BERKSHIRE HATHAWAY INC CL B 11.59% |
| TENCENT HOLDINGS 8.34% | VISA INC CLASS A SHARES 7.60% |
| INDUSTRIAL AND COMMERCIAL BANK OF 6.56% | MASTERCARD INC A 5.69% |
| XIAOMI 4.83% | BANK OF AMERICA CORP 5.09% |
| MEITUAN 4.36% | GOLDMAN SACHS GROUP INC 3.75% |
| BANK OF CHINA LTD H 4.32% | WELLS FARGO + CO 3.41% |
| PING AN INSURANCE (GROUP) CO OF CH 3.80% | MORGAN STANLEY 3.18% |
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 | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | China Large-Cap | Financials |
| Total return, 1 year | −13.8% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −31.3 pts | −9.9 pts |
| Expense ratio | 0.73% | 0.08% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 53 | 79 |
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.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 79 positions, with the top ten at 57.3%.
Questions people ask
- Which returned more over the last year, FXI or XLF?
- In the year to Sep 13, 2026, with distributions reinvested, FXI returned −13.8% and XLF returned +7.6%, so XLF returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FXI or XLF?
- FXI charges 0.73% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do FXI and XLF overlap with the S&P 500?
- By their latest filed holdings, 0% of FXI and 100% of XLF 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
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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 XLF, data as of Sep 13, 2026. https://etfiq.com/compare/any/fxi-vs-xlf Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources