- Issuer
- Rayliant
- Inception Date
- Sep 24, 2025
- Category
- China 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
Share Price Chart
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Performance
CNQQ Performance Chart
Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) is up 14.0% since the beginning of the year. CNQQ is currently trading at $26 per share.
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Returns By Period
Rayliant-ChinaAMC Transformative China Tech ETF
- 1D
- 0.95%
- 1M
- 4.74%
- YTD
- 13.99%
- 6M
- 13.47%
- 1Y
- —
- 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%
CNQQ Monthly Returns History
Based on dividend-adjusted daily data since Sep 26, 2025, CNQQ's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +10.7%, while the worst month was Oct 2025 at -5.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CNQQ closed higher 51% 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% | 4.13% | 13.99% | ||||||
| 2025 | 4.20% | -5.20% | -4.43% | 0.41% | -5.22% |
Benchmark Metrics
Rayliant-ChinaAMC Transformative China Tech ETF has an annualized alpha of -6.95%, beta of 1.17, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since September 26, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (51.61%) than losses (49.39%) - typical of diversified or defensive assets.
- R2 of 0.40 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
- -6.95%
- Beta
- 1.17
- R²
- 0.40
- Upside Capture
- 51.61%
- Downside Capture
- 49.39%
Expense Ratio
CNQQ has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Return / Risk — by 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 | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Rayliant-ChinaAMC Transformative China Tech ETF provided a 0.22% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.06 | $0.02 |
Dividend yield | 0.22% | 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 | $0.00 | $0.04 | ||||||
| 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -17.82%Apr 2026 | 6mo 6d | 1mo 6d | 7mo 12dOct 2025 - May 2026 |
2026 pullback2026 | -6.66%Jun 2026 | 25d | 14d | 1mo 9dMay 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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -10.71% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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