FXI vs NTIP: Correlation
iShares China Large-Cap ETF (FXI) and Network-1 Technologies, Inc. (NTIP) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and NTIP?
Across a 3-year window, the weekly returns of FXI and NTIP correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.17). Stretching to 5 years gives -0.09, with an annualized covariance of -134.0 %².
By 3-year correlation, NTIP places #67 of the 74 assets tracked against FXI. Correlation aside, the last 12 months split them widely, with NTIP ahead by 18.6 points (-6.1% versus +12.5%).
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.
FXI vs NTIP: side by side
| FXI (iShares China Large-Cap ETF) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | -6.1% | +12.5% |
| 5-year return | -1.4% | -36.5% |
| Volatility (ann.) | 25.3% | 30.6% |
| Beta vs S&P 500 | 0.68 | -0.04 |
| Max drawdown (3Y) | -23.2% | -49.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.87% | 6.37% |
| Expense ratio | 0.73% | – |
| Assets under management | $4.3B | – |
| Sector / category | ETF · International | US Listed |
FXI is a Greater China Region fund from iShares: $4.3B under management, 50 holdings, a 0.73% expense ratio, a 1.87% trailing dividend yield.
Year-by-year returns
| Year | FXI | NTIP |
|---|---|---|
| 2022 | -20.7% | -18.7% |
| 2023 | -12.4% | +3.5% |
| 2024 | +29.0% | -35.6% |
| 2025 | +28.9% | +5.4% |
| 2026 | -7.3% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and NTIP good diversifiers for each other?
Yes. With a correlation of -0.17, FXI and NTIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FXI and NTIP?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.02 over the last year and -0.09 over 5 years.
Is NTIP a good diversifier for FXI?
Yes. With a correlation of -0.17, FXI and NTIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fxi-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fxi-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FXI correlations · NTIP correlations
