FXI vs PUK: Correlation
iShares China Large-Cap ETF (FXI) and Prudential Public Limited Company (PUK) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and PUK?
On 3 years of weekly data the FXI/PUK correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.61 over 3 years. The 5-year figure is 0.62, and annualized covariance runs at 429.7 %².
Among the 74 assets we track against FXI, PUK ranks #8 by 3-year correlation. The last year tells two different stories: PUK led by 15.3 percentage points, -6.1% for FXI against +9.2% for PUK.
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 PUK: side by side
| FXI (iShares China Large-Cap ETF) | PUK (Prudential Public Limited Company) | |
|---|---|---|
| 1-year return | -6.1% | +9.2% |
| 5-year return | -1.4% | -26.0% |
| Volatility (ann.) | 25.3% | 28.0% |
| Beta vs S&P 500 | 0.68 | 0.87 |
| Max drawdown (3Y) | -23.2% | -41.8% |
| Market cap | – | $34.4B |
| P/E (trailing) | – | 9.9 |
| Dividend yield | 1.87% | 0.00% |
| Expense ratio | 0.73% | – |
| Assets under management | $4.3B | – |
| Sector / category | ETF · International | US Listed |
On the fund side, FXI sits in the Greater China Region category at iShares, with $4.3B under management, 50 holdings, a 0.73% expense ratio, a 1.87% trailing dividend yield.
Year-by-year returns
| Year | FXI | PUK |
|---|---|---|
| 2022 | -20.7% | -19.1% |
| 2023 | -12.4% | -17.0% |
| 2024 | +29.0% | -27.3% |
| 2025 | +28.9% | +99.3% |
| 2026 | -7.3% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and PUK good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FXI and PUK?
As of 2026-08-27, the correlation of weekly returns between FXI and PUK is 0.61 over 3 years, 0.48 over 1 year and 0.62 over 5 years.
Is PUK a good diversifier for FXI?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/fxi-vs-puk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fxi-vs-puk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FXI correlations · PUK correlations
