FXI vs GLD
- 3 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
FXI and GLD clearly differ on 3 of 19 forces. The widest gap is gold: in weeks when the price of gold rose 5%, FXI typically moved −0.25% and GLD +5.0%.
| Economic force | FXIiShares China Large-Cap ETF | GLDSPDR Gold Shares |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.95%−0.57% to +2.5%Not distinguishable from zero | −0.21%−1.1% to +0.65%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.73%−3.5% to +2.0%Not distinguishable from zero | −0.44%−2.1% to +1.2%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −4.2%−5.6% to −2.7%Clear | −3.2%−4.2% to −2.1%Clear |
| Oil and energyIn weeks when the price of oil rose 10% | +0.49%−0.20% to +1.2%Not distinguishable from zero | +0.38%−0.15% to +0.92%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.2%−3.9% to +1.5%Not distinguishable from zero | +0.87%−0.88% to +2.6%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.26%−1.8% to +2.3%Not distinguishable from zero | −0.09%−1.6% to +1.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.48%−1.4% to +0.49%Not distinguishable from zero | +0.38%−0.59% to +1.3%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.0%−0.17% to +2.2%Not distinguishable from zero | +0.44%−0.29% to +1.2%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5%Clear difference | −0.25%−0.95% to +0.45%Not distinguishable from zero | +5.0%+5.0% to +5.0%Clear |
| CopperIn weeks when the price of copper rose 5% | +1.3%+0.59% to +2.0%Clear | +1.2%+0.37% to +2.0%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | 0.00%−0.03% to +0.02%Not distinguishable from zero | +0.06%+0.03% to +0.09%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.13%−0.67% to +0.41%Not distinguishable from zero | +0.05%−0.49% to +0.60%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.06%−0.28% to +0.16%Not distinguishable from zero | −0.03%−0.22% to +0.16%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.18%−0.01% to +0.36%Not distinguishable from zero | −0.03%−0.22% to +0.15%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.32%−0.49% to −0.15%Clear | −0.02%−0.22% to +0.19%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.3%−4.3% to +1.6%Not distinguishable from zero | −1.1%−2.6% to +0.37%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.51%−1.5% to +0.43%Not distinguishable from zero | −0.69%−1.3% to −0.05%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.92%+0.35% to +1.5%Tentative | +0.23%+0.05% to +0.41%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | +1.0%+0.76% to +1.2%Clear | −0.12%−0.24% to 0.00%Tentative |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.