- ISIN
- US19424L1017
- Issuer
- CoreValues Alpha
- Inception Date
- Oct 2, 2023
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $2M
Share Price Chart
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Performance
CGRO Performance Chart
CoreValues Alpha Greater China Growth ETF (CGRO) is down 21.3% since the beginning of the year. CGRO is currently trading at $21 per share.
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Returns By Period
CoreValues Alpha Greater China Growth ETF (CGRO) has returned -21.27% so far this year and -14.49% over the past 12 months.
CoreValues Alpha Greater China Growth ETF
- 1D
- 0.26%
- 1M
- -8.21%
- YTD
- -21.27%
- 6M
- -22.36%
- 1Y
- -14.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CGRO Monthly Returns History
Based on dividend-adjusted daily data since Oct 17, 2023, CGRO's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 52% of months were positive and 48% were negative. The best month was Sep 2024 with a return of +25.0%, while the worst month was Jan 2024 at -11.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CGRO closed higher 49% of trading days. The best single day was Sep 26, 2024 with a return of +9.8%, while the worst single day was Oct 8, 2024 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.64% | -6.77% | -5.24% | 2.67% | -6.34% | -6.73% | -21.27% | ||||||
| 2025 | 5.24% | 7.20% | 4.81% | -7.30% | 0.88% | 4.50% | 2.44% | 9.17% | 6.83% | -5.36% | -6.95% | -1.11% | 20.23% |
| 2024 | -11.50% | 7.21% | 2.06% | 2.63% | 3.11% | -4.42% | -2.96% | -0.10% | 25.03% | -1.53% | -5.51% | 3.89% | 14.75% |
| 2023 | -2.04% | 3.88% | 0.08% | 1.84% |
Benchmark Metrics
CoreValues Alpha Greater China Growth ETF has an annualized alpha of -8.64%, beta of 0.80, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since October 17, 2023.
- This ETF participated in 52.85% of S&P 500 Index downside but only 24.72% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.18 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -8.64%
- Beta
- 0.80
- R²
- 0.18
- Upside Capture
- 24.72%
- Downside Capture
- 52.85%
Expense Ratio
CGRO has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CGRO ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGRO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.37 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.78 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.91 | 12.44 | -13.34 |
Dividends
Dividend History
CoreValues Alpha Greater China Growth ETF provided a 3.56% dividend yield over the last twelve months, with an annual payout of $0.75 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.75 | $0.67 | $0.57 | $0.04 |
Dividend yield | 3.56% | 2.48% | 2.47% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for CoreValues Alpha Greater China Growth ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2023 | $0.04 | $0.04 |
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 CoreValues Alpha Greater China Growth ETF. 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 CoreValues Alpha Greater China Growth ETF was 32.88%, occurring on Jun 18, 2026. The portfolio has not yet recovered.
The current CoreValues Alpha Greater China Growth ETF drawdown is 32.71%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -32.88%Jun 2026 | 8mo 18d | — | 8mo 23dOct 2025 - now |
2025 selloff2025 | -24.69%Apr 2025 | 21d | 4mo 15d | 5mo 6dMar 2025 - Aug 2025 |
2025 bear market2025 | -22.48%Jan 2025 | 3mo 4d | 2mo 6d | 5mo 10dOct 2024 - Mar 2025 |
2024 correction2024 | -17.04%Aug 2024 | 2mo 17d | 1mo 22d | 4mo 9dMay 2024 - Sep 2024 |
2024 correction2024 | -14.24%Feb 2024 | 2mo 18d | 3mo | 5mo 18dNov 2023 - May 2024 |
Drawdown Indicators
| CGRO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -56.78% | +23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -32.88% | -9.10% | -23.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -32.71% | -1.80% | -30.91% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -10.71% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.03% | 2.03% | +14.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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