CHIQ vs. CAS
CHIQ (Global X MSCI China Consumer Discretionary ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both China Equities funds. CHIQ is passively managed, while CAS is actively managed. At a correlation of -0.21, they often move in opposite directions. CHIQ charges 0.65%/yr vs 0.88%/yr for CAS.
Performance
CHIQ vs. CAS - Performance Comparison
Loading charts...
Returns By Period
CHIQ
- 1D
- -1.30%
- 1M
- -10.24%
- YTD
- -21.70%
- 6M
- -23.30%
- 1Y
- -17.82%
- 3Y*
- -0.10%
- 5Y*
- -12.20%
- 10Y*
- 6.22%
CAS
- 1D
- -1.70%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHIQ vs. CAS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -9.26% |
CAS Simplify China A Shares PLUS Income ETF | -5.11% |
Correlation
The correlation between CHIQ and CAS is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026 | -0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CHIQ vs. CAS — Risk / Return Rank
CHIQ
CAS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CHIQ vs. CAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Simplify China A Shares PLUS Income ETF (CAS). 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 | CAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.88 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | — | — |
| Martin ratioReturn relative to average drawdown | -1.32 | — | — |
Loading charts...
Drawdowns
CHIQ vs. CAS - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, which is greater than CAS's maximum drawdown of -5.11%. Use the drawdown chart below to compare losses from any high point for CHIQ and CAS.
Loading charts...
Drawdown Indicators
| CHIQ | CAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -5.11% | -61.93% |
Max Drawdown (1Y)Largest decline over 1 year | -31.72% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | — | — |
Current DrawdownCurrent decline from peak | -58.92% | -5.11% | -53.81% |
Average DrawdownAverage peak-to-trough decline | -30.68% | -3.16% | -27.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.52% | — | — |
Volatility
CHIQ vs. CAS - Volatility Comparison
Loading charts...
Volatility by Period
| CHIQ | CAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 13.51% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.74% | 13.51% | +24.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.46% | 13.51% | +18.95% |
CHIQ vs. CAS - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than CAS's 0.88% expense ratio.
Dividends
CHIQ vs. CAS - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.89%, while CAS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.89% | 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
CHIQ and CAS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CHIQ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHIQ is cheaper with a 0.65% expense ratio, compared with 0.88% for CAS.
CHIQ has the higher dividend yield at 1.89%, compared with 0.00% for CAS.
They also come from different issuers: Global X and Simplify. Their fees differ too: 0.65% for CHIQ and 0.88% for CAS.
Find the right allocation for CHIQ and CAS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer