FXI vs VTI: Correlation & Overlap
iShares China Large-Cap ETF (FXI) and Vanguard Total Stock Market ETF (VTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.38. Looking through to holdings, 0% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and VTI?
Over the past 3 years, FXI and VTI moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 139.6 %².
By 3-year correlation, VTI places #27 of the 74 assets tracked against FXI. The last year tells two different stories: VTI led by 26.8 percentage points, -6.1% for FXI against +20.7% for VTI. The rolling one-year correlation moved between 0.25 and 0.70 over the past three years, a moderate range. Note the risk asymmetry: FXI runs 1.7 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 VTI: side by side
| FXI (iShares China Large-Cap ETF) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | -6.1% | +20.7% |
| 5-year return | -1.4% | +74.8% |
| Volatility (ann.) | 25.3% | 14.6% |
| Beta vs S&P 500 | 0.68 | 1.01 |
| Max drawdown (3Y) | -23.2% | -19.3% |
| Dividend yield | 1.87% | 1.06% |
| Expense ratio | 0.73% | 0.03% |
| Assets under management | $4.3B | $2,290.0B |
| Sector / category | ETF · International | ETF · US Large Cap |
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. VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Portfolio overlap between FXI and VTI
The two portfolios are largely distinct: 0% of the funds' weight sits in the same underlying holdings (0 common positions). Correlation tells you they move together; overlap tells you why.
Largest positions held only by FXI: 9988 (9.72%), 939 (9.09%), 700 (8.51%), 1398 (6.35%), 1810 (5.16%). Only by VTI: NVDA (6.42%), AAPL (6.31%), MSFT (4.80%), AMZN (3.66%), GOOGL (2.91%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26.
Year-by-year returns
| Year | FXI | VTI |
|---|---|---|
| 2022 | -20.7% | -19.5% |
| 2023 | -12.4% | +26.0% |
| 2024 | +29.0% | +23.8% |
| 2025 | +28.9% | +17.1% |
| 2026 | -7.3% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and VTI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FXI and VTI?
The FXI/VTI correlation stands at 0.38 on a 3-year window (1 year: 0.46, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is VTI a good diversifier for FXI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
How much do FXI and VTI overlap?
The two funds share 0 holdings amounting to 0% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fxi-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fxi-vs-vti/)
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Related comparisons
Hubs: FXI correlations · VTI correlations
