FXI vs YUMC: Correlation
iShares China Large-Cap ETF (FXI) and Yum China Holdings, Inc. (YUMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and YUMC?
Over the past 3 years, FXI and YUMC moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.55). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 514.7 %².
By 3-year correlation, YUMC places #11 of the 74 assets tracked against FXI. Over the last 12 months YUMC came out ahead by 8.0 percentage points (-6.1% against +1.9%).
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 YUMC: side by side
| FXI (iShares China Large-Cap ETF) | YUMC (Yum China Holdings, Inc.) | |
|---|---|---|
| 1-year return | -6.1% | +1.9% |
| 5-year return | -1.4% | -21.2% |
| Volatility (ann.) | 25.3% | 37.2% |
| Beta vs S&P 500 | 0.68 | 0.25 |
| Max drawdown (3Y) | -23.2% | -49.0% |
| Market cap | – | $15.3B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 1.87% | 2.26% |
| 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 | YUMC |
|---|---|---|
| 2022 | -20.7% | +10.8% |
| 2023 | -12.4% | -21.6% |
| 2024 | +29.0% | +15.4% |
| 2025 | +28.9% | +0.1% |
| 2026 | -7.3% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and YUMC good diversifiers for each other?
To a limited degree. At 0.55 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 YUMC?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.27 over the last year and 0.62 over 5 years.
Is YUMC a good diversifier for FXI?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 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-yumc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fxi-vs-yumc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FXI correlations · YUMC correlations
