CHIQ vs. BABA

Last updated Jul 16, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) is China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while BABA (Alibaba Group Holding Limited) is a stock. Over the past 10 years, CHIQ returned 6.13%/yr vs 4.41%/yr for BABA. A 0.73 correlation means they provide meaningful diversification when combined.

Performance

CHIQ vs. BABA - Performance Comparison

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

Returns By Period

In the year-to-date period, CHIQ achieves a -16.55% return, which is significantly higher than BABA's -18.97% return. Over the past 10 years, CHIQ has outperformed BABA with an annualized return of 6.13%, while BABA has yielded a comparatively lower 4.41% annualized return.

CHIQ

• 1D: 2.74%
• 1M: -0.47%
• 6M: -17.42%
• YTD: -16.55%
• 1Y: -16.73%
• 3Y*: -0.91%
• 5Y*: -10.19%
• 10Y*: 6.13%

BABA

• 1D: 4.78%
• 1M: 4.57%
• 6M: -30.09%
• YTD: -18.97%
• 1Y: 1.54%
• 3Y*: 9.77%
• 5Y*: -10.03%
• 10Y*: 4.41%

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

CHIQ vs. BABA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHIQ Global X MSCI China Consumer Discretionary ETF	-16.55%	13.69%	10.74%	-10.70%	-22.01%	-27.07%	92.61%	44.19%	-28.65%	67.74%
BABA Alibaba Group Holding Limited	-18.97%	75.80%	11.77%	-10.83%	-25.84%	-48.96%	9.73%	54.74%	-20.51%	96.37%

Correlation

The correlation between CHIQ and BABA is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014	0.73

The correlation between CHIQ and BABA has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

CHIQ vs. BABA — Risk / Return Rank

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

CHIQ

CHIQ Risk / Return Rank: 4
CHIQ Sharpe Ratio Rank: 3
CHIQ Sortino Ratio Rank: 4
CHIQ Omega Ratio Rank: 4
CHIQ Calmar Ratio Rank: 5
CHIQ Martin Ratio Rank: 4

BABA

BABA Risk / Return Rank: 45
BABA Sharpe Ratio Rank: 47
BABA Sortino Ratio Rank: 45
BABA Omega Ratio Rank: 43
BABA Calmar Ratio Rank: 46
BABA Martin Ratio Rank: 46

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. BABA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Alibaba Group Holding Limited (BABA). 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	BABA	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	0.03	-0.77
Sortino ratio: Return per unit of downside risk	-0.96	0.42	-1.38
Omega ratio: Gain probability vs. loss probability	0.89	1.04	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.47	0.03	-0.50
Martin ratio: Return relative to average drawdown	-1.06	0.07	-1.13

CHIQ vs. BABA - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -0.74, which is lower than the BABA Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of CHIQ and BABA, 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. BABA - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for CHIQ and BABA.

Drawdown Indicators

	CHIQ	BABA	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-80.09%	+13.05%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-49.47%	+13.94%
Max Drawdown (3Y) Largest decline over 3 years	-35.53%	-49.47%	+13.94%
Max Drawdown (5Y) Largest decline over 5 years	-56.55%	-70.50%	+13.95%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	-80.09%	+13.05%
Current Drawdown Current decline from peak	-56.22%	-60.57%	+4.35%
Average Drawdown Average peak-to-trough decline	-30.79%	-37.75%	+6.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.74%	23.37%	-7.63%

Volatility

CHIQ vs. BABA - Volatility Comparison

The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 7.67%, while Alibaba Group Holding Limited (BABA) has a volatility of 14.53%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	BABA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	14.53%	-6.86%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	29.04%	-12.66%
Volatility (1Y) Calculated over the trailing 1-year period	22.90%	45.28%	-22.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.73%	51.69%	-13.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.44%	43.58%	-11.14%

Dividends

CHIQ vs. BABA - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.62%, more than BABA's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BABA Alibaba Group Holding Limited	0.89%	1.36%	1.96%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CHIQ Global X MSCI China Consumer Discretionary ETF	1.62%	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 BABA in my portfolio?

CHIQ and BABA have a correlation of 0.71, 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 BABA?

BABA has higher volatility (14.53%) compared to CHIQ (7.67%). In terms of maximum drawdown, CHIQ dropped -67.04% vs BABA's -80.09%.

Which has better risk-adjusted returns?

BABA currently has the higher Sharpe Ratio (0.03 vs -0.74), 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.