CHIQ vs. AIQ

Last updated Aug 5, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while AIQ is a Artificial Intelligence fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, CHIQ returned -8.27%/yr vs 15.51%/yr for AIQ. Their 0.59 correlation means they have sometimes moved together and sometimes differently. CHIQ charges 0.65%/yr vs 0.68%/yr for AIQ.

Performance

CHIQ vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI China Consumer Discretionary ETF (CHIQ) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHIQ achieves a -12.61% return, which is significantly lower than AIQ's 24.13% return.

CHIQ

• 1D: -0.78%
• 1M: 13.46%
• 6M: -11.03%
• YTD: -12.61%
• 1Y: -11.86%
• 3Y*: -1.64%
• 5Y*: -8.27%
• 10Y*: 6.32%
• ALL TIME*: 2.17%

AIQ

• 1D: 4.23%
• 1M: 2.07%
• 6M: 23.69%
• YTD: 24.13%
• 1Y: 42.54%
• 3Y*: 30.73%
• 5Y*: 15.51%
• 10Y*: —
• ALL TIME*: 19.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIQ Global X Artificial Intelligence & Technology ETF	$127.10M	$125.91M	$166.49M
CHIQ Global X MSCI China Consumer Discretionary ETF	$1.03M	$735.04K	$809.72K

CHIQ vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CHIQ Global X MSCI China Consumer Discretionary ETF	-12.61%	13.69%	10.74%	-10.70%	-22.01%	-27.07%	92.61%	44.19%	-29.03%
AIQ Global X Artificial Intelligence & Technology ETF	24.13%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.05%

Correlation

The correlation between CHIQ and AIQ is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (All Time) Calculated using the full available price history since May 16, 2018	0.59

The correlation between CHIQ and AIQ shifts across timeframes, from 0.41 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

CHIQ vs. AIQ - Sectors Allocation Comparison

Sectors	CHIQ	AIQ
Consumer Cyclical	95.2%	6.6%
Consumer Defensive	3.5%	-
Real Estate	0.3%	-
Technology	0.3%	78.8%
Industrials	0.3%	3.6%
Basic Materials	-	-
Communication Services	-	10.1%
Energy	-	-
Financial Services	-	0.5%
Healthcare	-	0.4%
Utilities	-	-

Return for Risk

CHIQ vs. AIQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHIQ

CHIQ Risk / Return Rank: 5
CHIQ Sharpe Ratio Rank: 5
CHIQ Sortino Ratio Rank: 5
CHIQ Omega Ratio Rank: 5
CHIQ Calmar Ratio Rank: 6
CHIQ Martin Ratio Rank: 6

AIQ

AIQ Risk / Return Rank: 51
AIQ Sharpe Ratio Rank: 54
AIQ Sortino Ratio Rank: 49
AIQ Omega Ratio Rank: 50
AIQ Calmar Ratio Rank: 53
AIQ Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHIQ vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

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.

	CHIQ	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	1.48	-2.00
Sortino ratio: Return per unit of downside risk	-0.61	1.99	-2.60
Omega ratio: Gain probability vs. loss probability	0.93	1.26	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.34	2.12	-2.45
Martin ratio: Return relative to average drawdown	-0.71	6.28	-6.98

CHIQ vs. AIQ - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -0.52, which is lower than the AIQ Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of CHIQ and AIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHIQ vs. AIQ - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for CHIQ and AIQ.

Drawdown Indicators

	CHIQ	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-44.66%	-22.38%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-20.19%	-15.34%
Max Drawdown (3Y) Largest decline over 3 years	-35.53%	-26.35%	-9.18%
Max Drawdown (5Y) Largest decline over 5 years	-54.89%	-44.66%	-10.23%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	—	—
Current Drawdown Current decline from peak	-54.15%	-9.99%	-44.16%
Average Drawdown Average peak-to-trough decline	-30.87%	-9.82%	-21.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.85%	6.79%	+10.06%

Volatility

CHIQ vs. AIQ - Volatility Comparison

The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.69%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 10.90%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	10.90%	-4.21%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	25.21%	-8.57%
Volatility (1Y) Calculated over the trailing 1-year period	23.16%	28.86%	-5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.29%	26.52%	+10.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.47%	26.02%	+6.45%

CHIQ vs. AIQ - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is lower than AIQ's 0.68% expense ratio.

Dividends

CHIQ vs. AIQ - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.54%, more than AIQ's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.07%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	0.00%	0.00%	0.00%
CHIQ Global X MSCI China Consumer Discretionary ETF	1.54%	1.48%	2.65%	2.26%	0.38%	0.00%	0.11%	1.05%	2.71%	0.62%	1.51%	4.86%

Frequently Asked Questions

Can I hold both CHIQ and AIQ in my portfolio?

CHIQ and AIQ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHIQ or AIQ?

AIQ has higher volatility (10.90%) compared to CHIQ (6.69%). In terms of maximum drawdown, CHIQ dropped -67.04% vs AIQ's -44.66%.

Which ETF is better, CHIQ or AIQ?

On 5-year performance, AIQ leads with 15.51% vs -8.27% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, CHIQ has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHIQ or AIQ?

Over the 5-year period, AIQ has performed better with a 15.51% return vs -8.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or AIQ?

CHIQ is cheaper with a 0.65% expense ratio, compared with 0.68% for AIQ.

Which ETF pays a higher dividend yield, CHIQ or AIQ?

CHIQ has the higher dividend yield at 1.54%, compared with 0.07% for AIQ.

What is the main difference between CHIQ and AIQ?

CHIQ is categorized as China Equities, while AIQ is Artificial Intelligence. CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. Their fees differ too: 0.65% for CHIQ and 0.68% for AIQ.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (1.48 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.