- Issuer
- Rayliant
- Inception Date
- Sep 24, 2025
- Category
- China Equities, Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive ChinaAMC Transformative China Tech
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $23M
Highlights
- Avg. Volume (1M)
- 19K
- Avg. Volume Value (1M)
- $467.08K
Share Price Chart
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Performance
CNQQ Performance Chart
Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) is up 1.5% since the beginning of the year. CNQQ is currently trading at $24 per share.
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Returns By Period
Rayliant-ChinaAMC Transformative China Tech ETF
- 1D
- 0.73%
- 1M
- -4.81%
- 6M
- -0.44%
- YTD
- 1.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CNQQ Monthly Returns History
Based on dividend-adjusted daily data since Sep 26, 2025, CNQQ's average daily return is 0.00%, while the average monthly return is -0.16%.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +10.7%, while the worst month was Jul 2026 at -12.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CNQQ closed higher 50% of trading days. The best single day was Apr 8, 2026 with a return of +4.9%, while the worst single day was Oct 10, 2025 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.95% | -3.75% | -4.07% | 10.71% | 5.04% | 5.45% | -12.07% | 1.50% | |||||
| 2025 | 4.20% | -5.20% | -4.43% | 0.41% | -5.22% |
Benchmark Metrics
Rayliant-ChinaAMC Transformative China Tech ETF has an annualized alpha of -18.31%, beta of 1.23, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since September 26, 2025.
- This ETF participated in 188.29% of S&P 500 Index downside but only 51.61% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -18.31%
- Beta
- 1.23
- R²
- 0.35
- Upside Capture
- 51.61%
- Downside Capture
- 188.29%
Expense Ratio
CNQQ has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) 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.
| CNQQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Rayliant-ChinaAMC Transformative China Tech ETF provided a 0.39% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.09 | $0.02 |
Dividend yield | 0.39% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Rayliant-ChinaAMC Transformative China Tech 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 | $0.00 | $0.02 | $0.02 | $0.03 | $0.01 | $0.07 | |||||
| 2025 | $0.02 | $0.02 |
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 Rayliant-ChinaAMC Transformative China Tech 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 Rayliant-ChinaAMC Transformative China Tech ETF was 17.82%, occurring on Apr 7, 2026. Recovery took 26 trading sessions.
The current Rayliant-ChinaAMC Transformative China Tech ETF drawdown is 12.07%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.82%Apr 2026 | 6mo 6d | 1mo 6d | 7mo 12dOct 2025 - May 2026 | — |
-12.80%Jul 2026 | 27d | — | 1mo 2dJul 2026 - now | — |
-6.66%Jun 2026 | 25d | 14d | 1mo 9dMay 2026 - Jun 2026 | — |
-3.47%Jun 2026 | 1d | 7d | 7dJun 2026 - Jun 2026 | — |
Drawdown Indicators
| CNQQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.82% | -56.78% | +38.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -12.07% | -1.58% | -10.49% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -10.70% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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