FXI vs SSBI: Correlation
Measured on weekly returns over the past three years, iShares China Large-Cap ETF (FXI) and Summit State Bank (SSBI) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and SSBI?
On 3 years of weekly data the FXI/SSBI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.19). The 5-year figure is -0.09, and annualized covariance runs at -181.3 %².
By 3-year correlation, SSBI places #69 of the 74 assets tracked against FXI. Over the last 12 months SSBI came out ahead by 12.9 percentage points (-6.1% against +6.8%).
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 SSBI: side by side
| FXI (iShares China Large-Cap ETF) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | -6.1% | +6.8% |
| 5-year return | -1.4% | -2.9% |
| Volatility (ann.) | 25.3% | 37.6% |
| Beta vs S&P 500 | 0.68 | 0.24 |
| Max drawdown (3Y) | -23.2% | -60.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 39.0 |
| 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 | SSBI |
|---|---|---|
| 2022 | -20.7% | +5.2% |
| 2023 | -12.4% | -19.6% |
| 2024 | +29.0% | -35.9% |
| 2025 | +28.9% | +52.0% |
| 2026 | -7.3% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and SSBI good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FXI and SSBI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.03 over the last year and -0.09 over 5 years.
Is SSBI a good diversifier for FXI?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-ssbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fxi-vs-ssbi/)
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Related comparisons
Hubs: FXI correlations · SSBI correlations
