CENN vs FXI: Correlation
Cenntro Inc. (CENN) and iShares China Large-Cap ETF (FXI) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and FXI?
On 3 years of weekly data the CENN/FXI correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 808.7 %².
Among the 13 assets we track against CENN, FXI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FXI ahead by 80.7 points (-86.8% versus -6.1%). One caveat on sizing: CENN is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CENN vs FXI: side by side
| CENN (Cenntro Inc.) | FXI (iShares China Large-Cap ETF) | |
|---|---|---|
| 1-year return | -86.8% | -6.1% |
| 5-year return | -100.0% | -1.4% |
| Volatility (ann.) | 98.4% | 25.3% |
| Beta vs S&P 500 | 1.28 | 0.68 |
| Max drawdown (3Y) | -99.8% | -23.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.87% |
| Expense ratio | – | 0.73% |
| Assets under management | – | $4.3B |
| Sector / category | US Listed | ETF · International |
FXI, iShares's Greater China Region fund, carries $4.3B under management, 50 holdings, a 0.73% expense ratio, a 1.87% trailing dividend yield.
Year-by-year returns
| Year | CENN | FXI |
|---|---|---|
| 2022 | -91.8% | -20.7% |
| 2023 | -96.7% | -12.4% |
| 2024 | -25.7% | +29.0% |
| 2025 | -87.3% | +28.9% |
| 2026 | -48.0% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and FXI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CENN and FXI?
As of 2026-08-27, the correlation of weekly returns between CENN and FXI is 0.32 over 3 years, 0.23 over 1 year and 0.22 over 5 years.
Is FXI a good diversifier for CENN?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cenn-vs-fxi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cenn-vs-fxi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CENN correlations · FXI correlations
