FIEE vs FXI: Correlation
Measured on weekly returns over the past three years, FiEE, Inc (FIEE) and iShares China Large-Cap ETF (FXI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIEE and FXI?
Over the past 3 years, FIEE and FXI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -1599.3 %².
FXI is close to the least connected end of FIEE's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with FIEE ahead by 51.2 points (+45.1% versus -6.1%). One caveat on sizing: FIEE is 11.0 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.
FIEE vs FXI: side by side
| FIEE (FiEE, Inc) | FXI (iShares China Large-Cap ETF) | |
|---|---|---|
| 1-year return | +45.1% | -6.1% |
| 5-year return | -92.3% | -1.4% |
| Volatility (ann.) | 279.4% | 25.3% |
| Beta vs S&P 500 | 0.29 | 0.68 |
| Max drawdown (3Y) | -98.1% | -23.2% |
| Market cap | – | – |
| P/E (trailing) | 9.0 | – |
| 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 | FIEE | FXI |
|---|---|---|
| 2022 | -84.8% | -20.7% |
| 2023 | -58.5% | -12.4% |
| 2024 | -88.8% | +29.0% |
| 2025 | +1359.1% | +28.9% |
| 2026 | +28.8% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIEE and FXI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIEE and FXI?
The FIEE/FXI correlation stands at -0.23 on a 3-year window (1 year: -0.14, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is FXI a good diversifier for FIEE?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/fiee-vs-fxi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fiee-vs-fxi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIEE correlations · FXI correlations
