CHIQ vs. ARKK
Compare and contrast key facts about Global X MSCI China Consumer Discretionary ETF (CHIQ) and ARK Innovation ETF (ARKK).
CHIQ and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHIQ is a passively managed fund by Global X that tracks the performance of the MSCI China Consumer Discretionary 10/50 Index. It was launched on Nov 30, 2009. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHIQ or ARKK.
Key characteristics
| CHIQ | ARKK | |
|---|---|---|
| YTD Return | 22.11% | -7.98% |
| 1Y Return | 19.85% | 21.17% |
| 3Y Return (Ann) | -9.49% | -26.37% |
| 5Y Return (Ann) | 3.92% | 2.02% |
| 10Y Return (Ann) | 6.38% | 10.31% |
| Sharpe Ratio | 0.58 | 0.55 |
| Sortino Ratio | 1.08 | 0.97 |
| Omega Ratio | 1.13 | 1.11 |
| Calmar Ratio | 0.31 | 0.26 |
| Martin Ratio | 1.76 | 1.33 |
| Ulcer Index | 11.48% | 14.36% |
| Daily Std Dev | 35.04% | 34.54% |
| Max Drawdown | -67.04% | -80.91% |
| Current Drawdown | -49.12% | -68.71% |
Correlation
The correlation between CHIQ and ARKK is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CHIQ vs. ARKK - Performance Comparison
In the year-to-date period, CHIQ achieves a 22.11% return, which is significantly higher than ARKK's -7.98% return. Over the past 10 years, CHIQ has underperformed ARKK with an annualized return of 6.38%, while ARKK has yielded a comparatively higher 10.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHIQ vs. ARKK - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
CHIQ vs. ARKK - Risk-Adjusted Performance 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.
Dividends
CHIQ vs. ARKK - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 2.33%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.33% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
CHIQ vs. ARKK - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for CHIQ and ARKK. For additional features, visit the drawdowns tool.
Volatility
CHIQ vs. ARKK - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 15.74% compared to ARK Innovation ETF (ARKK) at 8.95%. This indicates that CHIQ's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.