Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Asia equity funds would cost $360 (0.72% a year), so IZZ is $49 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 48 securities · top 10 = 58.4%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1 | −8.2 | −3.3 | 0.1 | −3.6 | −6.9 | 13.8 | −4.0 | −1.0 | −5.6 | −18.7YTD | ||
| 2025 | 6.8 | 8.3 | −0.8 | −6.5 | 4.1 | 2.3 | 4.3 | 1.8 | 5.3 | −1.7 | −1.6 | −3.4 | 19.4 |
| 2024 | −5.2 | 11.4 | 1.0 | 7.1 | 1.3 | −1.7 | 0.8 | −0.2 | 21.8 | −0.5 | −3.8 | 8.4 | 44.5 |
| 2023 | 5.7 | −6.7 | 5.4 | −4.1 | −6.6 | 3.3 | 10.8 | −6.5 | −1.9 | −3.3 | −5.5 | −6.1 | −16.1 |
| 2022 | 3.4 | −9.3 | −7.9 | −0.9 | 2.6 | 10.3 | −11.9 | 2.9 | −10.6 | −16.2 | 20.3 | 8.2 | −14.5 |
| 2021 | 6.7 | −2.5 | −3.7 | −1.5 | −0.2 | 3.4 | −11.8 | 0.7 | −1.9 | 0.6 | −0.9 | −3.9 | −15.0 |
| 2020 | −3.5 | 1.9 | −1.7 | 2.0 | −5.9 | 1.6 | −0.4 | 5.7 | −5.2 | 9.3 | 1.8 | −4.9 | −0.6 |
| 2019 | 4.8 | 5.2 | 0.6 | 2.1 | −7.7 | 4.5 | −0.5 | −3.0 | 1.3 | 1.3 | 0.6 | 4.9 | 14.0 |
| 2018 | 9.5 | −5.4 | −1.8 | 4.1 | −2.3 | −3.9 | −0.2 | 0.9 | 2.2 | −8.5 | 4.1 | −1.1 | −3.4 |
| 2017 | −0.3 | 3.0 | 1.0 | 2.4 | 5.1 | −4.2 | 2.9 | 4.7 | −0.3 | 7.5 | 2.4 | −1.2 | 24.9 |
| 2016 | −10.9 | −3.0 | 4.4 | 0.5 | 4.7 | −0.5 | 3.2 | 5.3 | 0.1 | −1.9 | 2.6 | −0.9 | 2.5 |
| 2015 | 7.3 | 4.6 | 3.4 | 11.3 | −0.7 | −5.8 | −7.5 | −10.0 | −0.2 | 8.4 | −5.8 | −3.0 | −0.6 |
| 2014 | −7.7 | 1.0 | −2.9 | −2.4 | 4.9 | 1.5 | 11.0 | −1.2 | 0.3 | 4.1 | 5.9 | 6.4 | 21.4 |
| 2013 | 4.6 | −5.7 | −6.1 | 2.9 | 4.9 | −5.3 | 9.5 | 2.4 | 1.8 | −0.7 | 10.8 | −2.6 | 15.7 |
| 2012 | 5.6 | 3.5 | −5.7 | 2.6 | −6.7 | −3.8 | −0.1 | −1.8 | 4.2 | 6.2 | 1.2 | 5.8 | 10.4 |
| 2011 | 1.6 | −4.1 | 4.6 | −3.9 | 2.0 | −5.6 | −3.5 | −7.5 | −6.6 | 5.3 | −2.1 | 0.8 | −18.3 |
| 2010 | −6.7 | 1.0 | 3.5 | −3.6 | 4.9 | 0.1 | −2.7 | −2.7 | −0.1 | 3.9 | −1.1 | −6.8 | −10.7 |
| 2009 | −4.0 | −1.0 | 5.9 | 8.8 | 2.6 | 5.2 | 6.0 | −5.1 | −3.5 | 1.5 | 0.1 | −1.2 | 15.2 |
| 2008 | 4.5 | −9.2 | 13.2 | −4.9 | −13.6 | 5.6 | 1.2 | −13.0 | −10.8 | 7.8 | 0.1 | −21.1 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
IZZ questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is iShares China Large-Cap ETF?
iShares China Large-Cap ETF holds 48 securities, and its ten largest positions make up 58.4% of the fund, more concentrated than the 42.2% typical of Asia equity funds. That makes it moderately diversified.
Its country exposure is almost entirely China (100.0%), and its biggest sector is Financials at 43.5%, based on holdings as at 2 Sept 2026.
Which ETFs does IZZ double up with most?
IZZ shares the most holdings with VanEck FTSE China A50 ETF (CETF) (25% overlap), Betashares Asia Technology Tigers ETF (ASIA) (22% overlap) and iShares Asia 50 ETF (IAA) (22% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing IZZ with one of them adds some genuinely different holdings.
How is iShares China Large-Cap ETF managed – active or passive?
iShares China Large-Cap ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Asia equity funds, active funds charge a median 1.18% a year and index funds 0.58%.
What will I pay in fees for IZZ?
IZZ charges a management fee of 0.60% a year, about $60 for every $10,000 invested. Only 30% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Asia equity funds, the median is 0.67%.
Lower-cost funds with a similar focus include iShares Asia 50 ETF (IAA) at 0.29%, iShares MSCI Japan ETF (IJP) at 0.50% and Vanguard FTSE Asia Ex-Japan Shares Index ETF (VAE) at 0.40%.
If you would rather have a manager choose the investments, active options such as Fidelity Asia Active ETF (FASI) at 1.16% and Fidelity India Active ETF (FIIN) at 1.20% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.11% for IZZ.
Does iShares China Large-Cap ETF follow a theme?
No. iShares China Large-Cap ETF is a broad equity fund: it aims to cover a wide slice of its market (Asia) rather than one theme or sector.
What is under the hood of IZZ?
As at 2 Sept 2026, IZZ's ten largest holdings are China Construction Bank Corp H (9.6%), Alibaba Group Holding (9.2%), Tencent Holdings (8.4%), Industrial and Commercial Bank of (6.5%), Xiaomi (5.1%), Meituan (4.5%), Bank of China Ltd H (4.3%), Ping An Insurance (Group) Co of Ch (3.8%), Netease (3.6%) and Byd H (3.3%). Together they make up 58.4% of the fund.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for IZZ's index are in the issuer's PDS. Its top 10 weighting of 58.4% compares with 42.2% for similar funds.
How well has iShares China Large-Cap ETF performed?
Based on its category, iShares China Large-Cap ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −23.1% over 1 year (median −0.7%; ranked 16 of 17), 7.8% a year over 3 years (median 15.0% a year; ranked 10 of 14) and −1.8% a year over 5 years (median 6.8% a year; ranked 11 of 13). The medians and rankings compare it with Asia equity funds. Since listing in 2009 it has returned −0.2% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for IZZ; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.60% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.