CHIQ vs. ARKK

Last updated Jun 25, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while ARKK is a Technology Equities fund actively managed by ARK. CHIQ is passively managed, while ARKK is actively managed. Over the past 10 years, CHIQ returned 5.83%/yr vs 15.90%/yr for ARKK. A 0.51 correlation means they provide meaningful diversification when combined. CHIQ charges 0.65%/yr vs 0.75%/yr for ARKK.

Performance

CHIQ vs. ARKK - Performance Comparison

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

Returns By Period

In the year-to-date period, CHIQ achieves a -24.52% return, which is significantly lower than ARKK's -0.26% return. Over the past 10 years, CHIQ has underperformed ARKK with an annualized return of 5.83%, while ARKK has yielded a comparatively higher 15.90% annualized return.

CHIQ

• 1D: -1.95%
• 1M: -13.48%
• YTD: -24.52%
• 6M: -25.41%
• 1Y: -24.60%
• 3Y*: -1.32%
• 5Y*: -13.15%
• 10Y*: 5.83%

ARKK

• 1D: 0.05%
• 1M: 0.42%
• YTD: -0.26%
• 6M: -4.87%
• 1Y: 9.13%
• 3Y*: 22.44%
• 5Y*: -9.12%
• 10Y*: 15.90%

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

CHIQ vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHIQ Global X MSCI China Consumer Discretionary ETF	-24.52%	13.69%	10.74%	-10.70%	-22.01%	-27.07%	92.61%	44.19%	-28.65%	67.74%
ARKK ARK Innovation ETF	-0.26%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	35.08%	3.52%	87.33%

Correlation

The correlation between CHIQ and ARKK is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.51

The correlation between CHIQ and ARKK shifts across timeframes, from 0.39 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.

CHIQ vs. ARKK - Sectors Allocation Comparison

Sectors	CHIQ	ARKK
Consumer Cyclical	95.8%	14.1%
Consumer Defensive	3.2%	-
Real Estate	0.3%	-
Technology	0.3%	25.9%
Industrials	0.2%	5.7%
Basic Materials	-	-
Communication Services	-	10.0%
Energy	-	-
Financial Services	-	16.2%
Healthcare	-	28.1%
Utilities	-	-

Return for Risk

CHIQ vs. ARKK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHIQ

CHIQ Risk / Return Rank: 1
CHIQ Sharpe Ratio Rank: 1
CHIQ Sortino Ratio Rank: 1
CHIQ Omega Ratio Rank: 2
CHIQ Calmar Ratio Rank: 3
CHIQ Martin Ratio Rank: 0

ARKK

ARKK Risk / Return Rank: 12
ARKK Sharpe Ratio Rank: 12
ARKK Sortino Ratio Rank: 13
ARKK Omega Ratio Rank: 13
ARKK Calmar Ratio Rank: 12
ARKK Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHIQ vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and ARK Innovation ETF (ARKK). 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	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	0.25	-1.36
Sortino ratio: Return per unit of downside risk	-1.57	0.61	-2.18
Omega ratio: Gain probability vs. loss probability	0.83	1.07	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.72	0.29	-1.01
Martin ratio: Return relative to average drawdown	-1.78	0.63	-2.41

CHIQ vs. ARKK - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -1.11, which is lower than the ARKK Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of CHIQ and ARKK, 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. ARKK - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for CHIQ and ARKK.

Drawdown Indicators

	CHIQ	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-80.97%	+13.93%
Max Drawdown (1Y) Largest decline over 1 year	-34.18%	-31.35%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-34.18%	-39.56%	+5.38%
Max Drawdown (5Y) Largest decline over 5 years	-59.95%	-77.23%	+17.28%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	-80.97%	+13.93%
Current Drawdown Current decline from peak	-60.40%	-50.32%	-10.08%
Average Drawdown Average peak-to-trough decline	-30.69%	-30.20%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.85%	14.61%	-0.76%

Volatility

CHIQ vs. ARKK - Volatility Comparison

The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.65%, while ARK Innovation ETF (ARKK) has a volatility of 12.53%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	12.53%	-5.88%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	26.63%	-10.40%
Volatility (1Y) Calculated over the trailing 1-year period	22.45%	36.17%	-13.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.75%	46.46%	-8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.43%	40.39%	-7.96%

CHIQ vs. ARKK - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is lower than ARKK's 0.75% expense ratio.

Dividends

CHIQ vs. ARKK - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.96%, while ARKK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
CHIQ Global X MSCI China Consumer Discretionary ETF	1.96%	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 ARKK in my portfolio?

CHIQ and ARKK 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 ARKK?

ARKK has higher volatility (12.53%) compared to CHIQ (6.65%). In terms of maximum drawdown, CHIQ dropped -67.04% vs ARKK's -80.97%.

Which ETF is better, CHIQ or ARKK?

On 10-year performance, ARKK leads with 15.90% vs 5.83% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, CHIQ has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHIQ or ARKK?

Over the 10-year period, ARKK has performed better with a 15.90% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or ARKK?

CHIQ is cheaper with a 0.65% expense ratio, compared with 0.75% for ARKK.

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

CHIQ has the higher dividend yield at 1.96%, compared with 0.00% for ARKK.

What is the main difference between CHIQ and ARKK?

CHIQ is categorized as China Equities, while ARKK is Technology Equities. They also come from different issuers: Global X and ARK. Their fees differ too: 0.65% for CHIQ and 0.75% for ARKK.

Which has better risk-adjusted returns?

ARKK currently has the higher Sharpe Ratio (0.25 vs -1.11), 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.