EDU vs FXI: Correlation
New Oriental Education & Technology Group, Inc. Sponsored (EDU) and iShares China Large-Cap ETF (FXI) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDU and FXI?
Across a 3-year window, the weekly returns of EDU and FXI correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.50, with an annualized covariance of 478.7 %².
Few assets follow EDU as closely as FXI, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months EDU outperformed by 31.1 percentage points (+25.0% for EDU against -6.1% for FXI). One caveat on sizing: EDU is 1.7 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.
EDU vs FXI: side by side
| EDU (New Oriental Education & Technology Group, Inc. Sponsored) | FXI (iShares China Large-Cap ETF) | |
|---|---|---|
| 1-year return | +25.0% | -6.1% |
| 5-year return | +163.1% | -1.4% |
| Volatility (ann.) | 43.3% | 25.3% |
| Beta vs S&P 500 | 0.53 | 0.68 |
| Max drawdown (3Y) | -56.8% | -23.2% |
| Market cap | – | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 2.08% | 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 | EDU | FXI |
|---|---|---|
| 2022 | +65.8% | -20.7% |
| 2023 | +110.5% | -12.4% |
| 2024 | -11.5% | +29.0% |
| 2025 | -14.3% | +28.9% |
| 2026 | +6.5% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDU and FXI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EDU and FXI?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.60 over the last year and 0.50 over 5 years.
Is FXI a good diversifier for EDU?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/edu-vs-fxi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edu-vs-fxi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EDU correlations · FXI correlations
