FXI vs VT: Correlation & Overlap
iShares China Large-Cap ETF (FXI) and Vanguard Total World Stock ETF (VT) show a moderate relationship: their 3-year correlation of weekly returns is 0.47. The two funds also share 1.5% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and VT?
On 3 years of weekly data the FXI/VT correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.47 over 3. The 5-year figure is 0.47, and annualized covariance runs at 166.4 %².
Within FXI's tracked universe of 74 assets, VT comes in at #20 by 3-year correlation. The last year tells two different stories: VT led by 28.8 percentage points, -6.1% for FXI against +22.7% for VT. The rolling one-year correlation moved between 0.39 and 0.75 over the past three years, a moderate range. Note the risk asymmetry: FXI runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VT: side by side
| FXI (iShares China Large-Cap ETF) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | -6.1% | +22.7% |
| 5-year return | -1.4% | +67.7% |
| Volatility (ann.) | 25.3% | 13.9% |
| Beta vs S&P 500 | 0.68 | 0.92 |
| Max drawdown (3Y) | -23.2% | -16.5% |
| Dividend yield | 1.87% | 1.59% |
| Expense ratio | 0.73% | 0.06% |
| Assets under management | $4.3B | $97.9B |
| Sector / category | ETF · International | ETF · Global |
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. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between FXI and VT
The two portfolios are largely distinct. Weighing the shared positions, 1.5% of the two funds is identical, spread across 50 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in FXI | Weight in VT |
|---|---|---|
| 700 | 8.51% | 0.34% |
| 9988 | 9.72% | 0.25% |
| 939 | 9.09% | 0.09% |
| 1398 | 6.35% | 0.07% |
| 1211 | 3.56% | 0.06% |
| 3690 | 4.44% | 0.06% |
| 1810 | 5.16% | 0.06% |
| 9999 | 3.70% | 0.04% |
| 2318 | 3.89% | 0.04% |
| 3988 | 3.91% | 0.04% |
| 9618 | 2.90% | 0.04% |
| 9888 | 2.03% | 0.03% |
| 9961 | 2.26% | 0.03% |
| 2628 | 2.27% | 0.03% |
| 2899 | 2.38% | 0.02% |
Largest positions held only by FXI: . Only by VT: NVDA (4.20%), AAPL (4.00%), MSFT (3.09%), AMZN (2.36%), GOOGL (1.89%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | FXI | VT |
|---|---|---|
| 2022 | -20.7% | -18.0% |
| 2023 | -12.4% | +22.0% |
| 2024 | +29.0% | +16.5% |
| 2025 | +28.9% | +22.4% |
| 2026 | -7.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and VT good diversifiers for each other?
Reasonably. At 0.47, FXI and VT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FXI and VT?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.52 over the last year and 0.47 over 5 years.
Is VT a good diversifier for FXI?
Reasonably. At 0.47, FXI and VT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
How much do FXI and VT overlap?
The two funds share 50 holdings amounting to 1.5% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fxi-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fxi-vs-vt/)
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Related comparisons
Hubs: FXI correlations · VT correlations
