CHIQ vs. CNYA
Compare and contrast key facts about Global X MSCI China Consumer Discretionary ETF (CHIQ) and iShares MSCI China A ETF (CNYA).
CHIQ and CNYA 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. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. Both CHIQ and CNYA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHIQ or CNYA.
Key characteristics
| CHIQ | CNYA | |
|---|---|---|
| YTD Return | 22.11% | 19.17% |
| 1Y Return | 19.85% | 16.02% |
| 3Y Return (Ann) | -9.49% | -8.13% |
| 5Y Return (Ann) | 3.92% | 2.70% |
| Sharpe Ratio | 0.58 | 0.55 |
| Sortino Ratio | 1.08 | 1.00 |
| Omega Ratio | 1.13 | 1.16 |
| Calmar Ratio | 0.31 | 0.34 |
| Martin Ratio | 1.76 | 1.90 |
| Ulcer Index | 11.48% | 8.79% |
| Daily Std Dev | 35.04% | 30.52% |
| Max Drawdown | -67.04% | -49.49% |
| Current Drawdown | -49.12% | -32.63% |
Correlation
The correlation between CHIQ and CNYA is 0.69, 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. CNYA - Performance Comparison
In the year-to-date period, CHIQ achieves a 22.11% return, which is significantly higher than CNYA's 19.17% 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. CNYA - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is higher than CNYA's 0.60% expense ratio.
Risk-Adjusted Performance
CHIQ vs. CNYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and iShares MSCI China A ETF (CNYA). 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. CNYA - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 2.33%, less than CNYA's 3.61% yield.
| 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% |
CNYA iShares MSCI China A ETF | 3.61% | 4.23% | 2.69% | 1.11% | 1.05% | 1.21% | 3.92% | 0.98% | 1.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
CHIQ vs. CNYA - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for CHIQ and CNYA. For additional features, visit the drawdowns tool.
Volatility
CHIQ vs. CNYA - Volatility Comparison
The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 15.74%, while iShares MSCI China A ETF (CNYA) has a volatility of 19.36%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.