Magnificent 7 CHINA
Predicting the future is always a challenging task, but here's an attempt to identify potential contenders for China's "Magnificent Seven" in the next decade:
1. Alibaba (BABA): The e-commerce giant remains a dominant force in China's digital economy, with its vast ecosystem of online marketplaces, cloud computing services, and fintech offerings.
2. Tencent (TCEHY): The gaming and social media behemoth continues to expand its tentacles into various industries, including fintech, artificial intelligence, and entertainment.
3. Baidu (BIDU): China's leading search engine company is leveraging its technological prowess to explore AI, autonomous driving, and cloud computing solutions.
4. Huawei Technologies (HUAWEY): The telecommunications giant has established itself as a global player in 5G technology and is venturing into new areas like smart cities and electric vehicles.
5. Xiaomi (XIAO): The smartphone manufacturer has emerged as a strong challenger to Samsung and Apple, and its expansion into other consumer electronics and smart home products is noteworthy.
6. ByteDance (BDNCE): The owner of TikTok, Douyin, and other popular social media platforms is rapidly expanding its global reach and developing new technologies in areas like AI and video editing.
7. Geely Automobile (GELYY): The automaker is not only producing some of China's most popular cars but also investing in electric vehicles, autonomous driving, and car-sharing services.
These companies represent a diverse range of industries and have demonstrated remarkable growth and innovation capabilities. Their continued success will shape China's technological landscape and influence the global economy.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BABA Alibaba Group Holding Limited | Consumer Cyclical | 20% |
BIDU Baidu, Inc. | Communication Services | 20% |
GELYY Geely Automobile Holdings Ltd ADR | Consumer Cyclical | 20% |
TCEHY Tencent Holdings Limited | Communication Services | 20% |
XIACY Xiaomi Corporation | Technology | 20% |
Performance
Performance Chart
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The earliest data available for this chart is Jun 14, 2021, corresponding to the inception date of XIACY
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 5.49% | -2.00% | 12.02% | 14.19% | 10.85% |
| Magnificent 7 CHINA | 23.16% | -0.65% | 32.07% | 64.86% | N/A | N/A |
| Portfolio components: | ||||||
BABA Alibaba Group Holding Limited | 34.26% | -5.55% | 30.30% | 46.55% | -10.92% | 2.54% |
TCEHY Tencent Holdings Limited | 18.00% | 2.97% | 23.85% | 37.73% | 5.81% | 13.38% |
BIDU Baidu, Inc. | -2.86% | -6.84% | -3.70% | -15.74% | -5.13% | -8.69% |
XIACY Xiaomi Corporation | 46.48% | 0.06% | 78.68% | 188.21% | N/A | N/A |
GELYY Geely Automobile Holdings Ltd ADR | 17.96% | 5.56% | 24.06% | 87.01% | 11.37% | 17.50% |
Monthly Returns
The table below presents the monthly returns of Magnificent 7 CHINA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 6.61% | 21.44% | -0.51% | -4.09% | -0.31% | 23.16% | |||||||
| 2024 | -12.34% | 4.56% | 8.65% | 4.30% | 1.39% | -4.65% | 0.10% | 6.33% | 23.51% | 1.38% | -1.76% | 7.23% | 40.97% |
| 2023 | 19.36% | -11.36% | 7.95% | -12.04% | -5.24% | 6.84% | 15.55% | -8.30% | -5.14% | -3.81% | 4.77% | -0.57% | 2.44% |
| 2022 | -1.73% | -11.34% | -9.00% | -6.15% | 6.65% | 11.35% | -12.88% | 2.23% | -21.63% | -19.63% | 34.91% | 3.63% | -30.70% |
| 2021 | 7.74% | -10.03% | -2.28% | -11.35% | 8.39% | -11.78% | -4.35% | -23.20% |
Expense Ratio
Magnificent 7 CHINA has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, Magnificent 7 CHINA is among the top 15% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 0.97 | 1.53 | 1.19 | 0.63 | 2.69 |
TCEHY Tencent Holdings Limited | 1.00 | 1.37 | 1.19 | 0.84 | 2.84 |
BIDU Baidu, Inc. | -0.40 | -0.34 | 0.96 | -0.28 | -0.90 |
XIACY Xiaomi Corporation | 3.31 | 3.44 | 1.45 | 3.97 | 17.43 |
GELYY Geely Automobile Holdings Ltd ADR | 1.51 | 2.00 | 1.27 | 1.08 | 7.35 |
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Dividends
Dividend yield
Magnificent 7 CHINA provided a 0.56% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.56% | 0.63% | 2.11% | 1.22% | 0.26% | 0.23% | 0.51% | 0.48% | 0.12% | 0.15% | 0.17% | 0.39% |
| Portfolio components: | ||||||||||||
BABA Alibaba Group Holding Limited | 0.58% | 0.78% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TCEHY Tencent Holdings Limited | 0.92% | 0.81% | 6.84% | 4.22% | 0.35% | 0.21% | 0.26% | 0.29% | 0.15% | 0.25% | 0.23% | 0.04% |
BIDU Baidu, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIACY Xiaomi Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GELYY Geely Automobile Holdings Ltd ADR | 1.30% | 1.54% | 2.45% | 1.86% | 0.95% | 0.95% | 2.29% | 2.13% | 0.44% | 0.52% | 0.61% | 1.89% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Magnificent 7 CHINA. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Magnificent 7 CHINA was 65.64%, occurring on Oct 28, 2022. The portfolio has not yet recovered.
The current Magnificent 7 CHINA drawdown is 14.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.64% | Jun 29, 2021 | 338 | Oct 28, 2022 | — | — | — |
| -1.12% | Jun 21, 2021 | 2 | Jun 22, 2021 | 1 | Jun 23, 2021 | 3 |
| -1.07% | Jun 16, 2021 | 1 | Jun 16, 2021 | 1 | Jun 17, 2021 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 5.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| ^GSPC | TCEHY | GELYY | XIACY | BIDU | BABA | Portfolio | |
|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.13 | 0.33 | 0.25 | 0.40 | 0.36 | 0.37 |
| TCEHY | 0.13 | 1.00 | 0.37 | 0.46 | 0.42 | 0.46 | 0.64 |
| GELYY | 0.33 | 0.37 | 1.00 | 0.53 | 0.51 | 0.55 | 0.75 |
| XIACY | 0.25 | 0.46 | 0.53 | 1.00 | 0.54 | 0.58 | 0.79 |
| BIDU | 0.40 | 0.42 | 0.51 | 0.54 | 1.00 | 0.77 | 0.82 |
| BABA | 0.36 | 0.46 | 0.55 | 0.58 | 0.77 | 1.00 | 0.85 |
| Portfolio | 0.37 | 0.64 | 0.75 | 0.79 | 0.82 | 0.85 | 1.00 |