CHIQ vs. DRAG

Last updated Jun 4, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. CHIQ is passively managed, while DRAG is actively managed. CHIQ charges 0.65%/yr vs 0.59%/yr for DRAG.

Performance

CHIQ vs. DRAG - Performance Comparison

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

Returns By Period

CHIQ

• 1D: -2.91%
• 1M: -7.37%
• YTD: -13.71%
• 6M: -15.32%
• 1Y: -12.29%
• 3Y*: 3.13%
• 5Y*: -10.45%
• 10Y*: 6.73%

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHIQ vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
CHIQ Global X MSCI China Consumer Discretionary ETF	-15.01%
DRAG Roundhill China Dragons ETF	0.00%

CHIQ vs. DRAG - Sectors Allocation Comparison

Sectors	CHIQ	DRAG
Consumer Cyclical	96.1%	72.4%
Consumer Defensive	3.2%	-
Real Estate	0.4%	-
Industrials	0.2%	-
Basic Materials	-	-
Communication Services	-	17.3%
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Technology	-	10.2%
Utilities	-	-

Return for Risk

CHIQ vs. DRAG — 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: 4
CHIQ Sortino Ratio Rank: 4
CHIQ Omega Ratio Rank: 4
CHIQ Calmar Ratio Rank: 5
CHIQ Martin Ratio Rank: 4

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. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Roundhill China Dragons ETF (DRAG). 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.

	CHIQ	DRAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	—	—
Sortino ratio: Return per unit of downside risk	-0.66	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.47	—	—
Martin ratio: Return relative to average drawdown	-1.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CHIQ	DRAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	—	—

Drawdowns

CHIQ vs. DRAG - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CHIQ and DRAG.

Drawdown Indicators

	CHIQ	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	0.00%	-67.04%
Max Drawdown (1Y) Largest decline over 1 year	-26.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	—	—
Current Drawdown Current decline from peak	-54.73%	0.00%	-54.73%
Average Drawdown Average peak-to-trough decline	-30.61%	0.00%	-30.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.12%	—	—

Volatility

Volatility by Period

	CHIQ	DRAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	0.00%	+22.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.72%	0.00%	+37.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.44%	0.00%	+32.44%

CHIQ vs. DRAG - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is higher than DRAG's 0.59% expense ratio.

Dividends

CHIQ vs. DRAG - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.71%, while DRAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIQ Global X MSCI China Consumer Discretionary ETF	1.71%	1.48%	2.65%	2.26%	0.38%	0.00%	0.11%	1.05%	2.71%	0.62%	1.51%	4.86%
DRAG Roundhill China Dragons 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%

Frequently Asked Questions

Which ETF is better, CHIQ or DRAG?

On fees, DRAG is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHIQ or DRAG?

DRAG is cheaper with a 0.59% expense ratio, compared with 0.65% for CHIQ.

Which ETF pays a higher dividend yield, CHIQ or DRAG?

CHIQ has the higher dividend yield at 1.71%, compared with 0.00% for DRAG.

What is the main difference between CHIQ and DRAG?

They also come from different issuers: Global X and Roundhill. Their fees differ too: 0.65% for CHIQ and 0.59% for DRAG.