KCAIvsFXIETF Comparison
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KraneShares China Alpha Index ETF (KCAI) and iShares China Large-Cap ETF (FXI) belong to the same industry segment: China Blended Cap. KCAI's top 3 sector exposures are Financials, Industrials and Materials. In contrast, FXI's top sector exposures are Financials, Consumer Discretionary and Communication Services. KCAI is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.73% for FXI. KCAI is up 6.9% year-to-date (YTD) with +$3M in YTD flows. FXI performs worse with -4.86% YTD performance, and -$59M in YTD flows. Run a side-by-side ETF comparison of KCAI and FXI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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KCAI vs FXI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KCAI FXI | +2.81%+4.36% | +6.44%-10.20% | +6.90%-4.86% | +64.66%+10.54% | n/a+39.73% | n/a-13.44% |
| Flows | KCAI FXI | --$17M | +$3M-$59M | +$3M-$59M | -$2M-$174M | --$281M | -+$3.38B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KCAI FXI | +14.51%+20.10% | +13.33%+18.84% | n/a+26.19% | n/a+29.74% |
| Max drawdown | KCAI FXI | -4.37%-14.09% | -4.37%-15.40% | n/a-28.82% | n/a-55.10% |
| Max drawdown duration | KCAI FXI | 32d90d | 32d209d | n/a420d | n/a1826d |
Trading data
KCAI | FXI | |
Last sale 4/30/2026 at 6:49 PM | $32.54 | $36.85 |
| Previous close 04/29/2026 | $32.56 | $36.79 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 29, 2026
1-year trailing difference
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KCAI | FXI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/30/2026 at 6:49 PM
Live
Closed
KCAI | FXI | |
|---|---|---|
| Last price | $32.54 | $36.85 |
| 1D performance | -0.06% | +0.16% |
| AuM | $11.39 M | $6.04 B |
| E/R | 0.79% | 0.73% |
Characteristics
KCAI | FXI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | iShares |
| Benchmark | Qi China Alpha Index | FTSE China 50 Index |
| N° of holdings | 40 | 45 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | October 5, 2004 |
| ESG | No | No |
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Exposure
Countries
KCAI
China
99.77%
Other
0.23%
FXI
China
52.98%
Cayman Islands
44.76%
Other
2.27%
Sectors
KCAI
Financials
41.38%
Industrials
21.31%
Materials
14.32%
Information Techn.
12.29%
Consumer Discreti.
10.47%
Other
0.23%
FXI
Financials
34.29%
Consumer Discreti.
25.78%
Communication Ser.
15.61%
Other
24.32%
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Diversification
KCAI
Total weight of top 15 holdings out of 15
48.47%
FXI
Total weight of top 15 holdings out of 15
70.6%
Top 15 holdings
Data as of March 31, 2026
KCAI
EOPTOLINK TECHNOLOGY INC
3.43%
SATELLITE CHEMICAL CO LTD
3.43%
CONSTR BANK
3.34%
BANK OF CHINA
3.34%
ICBC
3.31%
HUA XIA BANK
3.28%
NINGXIA BAOFENG ENERGY GROUP CO LTD
3.28%
BANK OF COMM
3.21%
PUDONG DEV
3.19%
BANK OF JIANGSU CO LTD-A
3.17%
DAQIN RAILWAY
3.15%
AGRI BANK OF CN
3.11%
BEIJING BANK
3.08%
BANK OF SHANGHAI CO LTD
3.08%
ZHONGJI INNOLIGHT
3.07%
FXI
ALIBABA GROUP HOLDING LTD
8.34%
TENCENT HOLDINGS
8.21%
CHINA CONSTRUCTION BANK
8.18%
INDUSTRIAL COMMERC BK CHINA
6.11%
XIAOMI CORP
6.10%
MEITUAN
4.92%
BYD
4.34%
PING AN
4.30%
BANK OF CHINA
3.80%
NETEASE INC
3.46%
JD.COM INC
2.99%
TRIP.COM GROUP
2.53%
BAIDU
2.53%
PETROCHINA
2.50%
ZIJIN MINING
2.29%
Frequently asked questions about KCAI and FXI
How have the KCAI and FXI ETFs performed in 2026?
As of April 28, 2026, KCAI is up 6.9% year-to-date (YTD), while FXI has lost -4.86%. That puts KCAI better performer ahead so far this year.
Which ETF is attracting more investor money: KCAI or FXI?
Year-to-date, the KCAI ETF saw +$3M in flows, compared to -$59M for FXI.
Which ETF is more volatile: KCAI or FXI?
Over the past year, KCAI had a volatility of 13.33%, while FXI experienced 18.84%.
Which ETF is bigger: KCAI or FXI?
As of April 28, 2026, KCAI holds $11.39 M in assets under management (AUM), while FXI manages $6.04 B.
What sectors do the KCAI and FXI ETFs invest in?
KCAI leans toward sectors like Financials, Industrials and Materials. Meanwhile, FXI focuses on Financials, Consumer Discretionary and Communication Services.
What are the top holdings of the KCAI ETF and FXI ETF?
KCAI top holdings include EOPTOLINK TECHNOLOGY INC, SATELLITE CHEMICAL CO LTD and CONSTR BANK. FXI holds in its top three: ALIBABA GROUP HOLDING LTD, TENCENT HOLDINGS and CHINA CONSTRUCTION BANK.
Which ETF is more diversified: KCAI or FXI?
KCAI holds 40 securities with 48.47% of its assets in the top 15. FXI has 51 securities and a top 15 weight of 70.6%.
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Latest news about KCAI & FXI
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October 4, 2024
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Growth Potential of China ETFs
January 30, 2023
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