CHIQ vs. DBE
CHIQ (Global X MSCI China Consumer Discretionary ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, CHIQ returned 6.32%/yr vs 11.75%/yr for DBE. Their 0.23 correlation means their historical movements had little consistent relationship. CHIQ charges 0.65%/yr vs 0.78%/yr for DBE.
Performance
CHIQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, CHIQ achieves a -12.61% return, which is significantly lower than DBE's 63.93% return. Over the past 10 years, CHIQ has underperformed DBE with an annualized return of 6.32%, while DBE has yielded a comparatively higher 11.75% annualized return.
CHIQ
- 1D
- -0.78%
- 1M
- 13.46%
- 6M
- -11.03%
- YTD
- -12.61%
- 1Y
- -11.86%
- 3Y*
- -1.64%
- 5Y*
- -8.27%
- 10Y*
- 6.32%
- ALL TIME*
- 2.17%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.03M | $735.04K | $809.72K | |
| $1.35M | $1.09M | $1.64M |
CHIQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -12.61% | 13.69% | 10.74% | -10.70% | -22.01% | -27.07% | 92.61% | 44.19% | -28.65% | 67.74% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between CHIQ and DBE is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.23 |
The correlation between CHIQ and DBE shifts across timeframes, from -0.09 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHIQ vs. DBE — Risk / Return Rank
CHIQ
DBE
CHIQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.26 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.26 | -2.60 |
| Martin ratioReturn relative to average drawdown | -0.71 | 7.03 | -7.74 |
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Drawdowns
CHIQ vs. DBE - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CHIQ and DBE.
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Drawdown Indicators
| CHIQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -86.69% | +19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -24.72% | -10.81% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -24.72% | -10.81% |
Max Drawdown (5Y)Largest decline over 5 years | -54.89% | -38.74% | -16.15% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | -60.84% | -6.20% |
Current DrawdownCurrent decline from peak | -54.15% | -37.77% | -16.38% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -57.12% | +26.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.85% | 7.95% | +8.90% |
Volatility
CHIQ vs. DBE - Volatility Comparison
The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.69%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHIQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 15.88% | -9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 33.82% | -17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.16% | 37.86% | -14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.29% | 30.19% | +7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.47% | 28.64% | +3.83% |
CHIQ vs. DBE - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
CHIQ vs. DBE - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.54%, less than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.54% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CHIQ and DBE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to CHIQ (6.69%). In terms of maximum drawdown, CHIQ dropped -67.04% vs DBE's -86.69%.
On 10-year performance, DBE leads with 11.75% vs 6.32% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, CHIQ has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 11.75% return vs 6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CHIQ is cheaper with a 0.65% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.36%, compared with 1.54% for CHIQ.
CHIQ is categorized as China Equities, while DBE is Oil & Gas. CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.65% for CHIQ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs -0.52), 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.
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