CHIQ vs. ISVBF
CHIQ (Global X MSCI China Consumer Discretionary ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - CHIQ tracks the MSCI China Consumer Discretionary 10/50 Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, CHIQ returned -10.19%/yr vs -5.34%/yr for ISVBF. At a 0.34 correlation, their price movements are largely independent. CHIQ charges 0.65%/yr vs 0.40%/yr for ISVBF.
Performance
CHIQ vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, CHIQ achieves a -16.55% return, which is significantly lower than ISVBF's -8.71% 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%
ISVBF
- 1D
- 1.84%
- 1M
- -1.17%
- 6M
- -13.00%
- YTD
- -8.71%
- 1Y
- -1.01%
- 3Y*
- 8.64%
- 5Y*
- -5.34%
- 10Y*
- —
CHIQ vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -16.55% | 13.69% | 10.74% | -10.70% | -22.01% | -21.79% |
ISVBF iShares MSCI China A UCITS ETF | -8.71% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between CHIQ and ISVBF is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.34 |
Over the past year, CHIQ and ISVBF have become more correlated (0.62) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
CHIQ vs. ISVBF — Risk / Return Rank
CHIQ
ISVBF
CHIQ vs. ISVBF - Risk-Adjusted Trends 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 UCITS ETF (ISVBF). 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 | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.02 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.04 | -0.43 |
| Martin ratioReturn relative to average drawdown | -1.06 | -0.10 | -0.97 |
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Drawdowns
CHIQ vs. ISVBF - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for CHIQ and ISVBF.
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Drawdown Indicators
| CHIQ | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -53.78% | -13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -24.14% | -11.39% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -24.14% | -11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -52.51% | -4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | — | — |
Current DrawdownCurrent decline from peak | -56.22% | -26.01% | -30.21% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -32.64% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 10.49% | +5.25% |
Volatility
CHIQ vs. ISVBF - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) and iShares MSCI China A UCITS ETF (ISVBF) have volatilities of 7.67% and 7.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHIQ | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 7.72% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 27.02% | -10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.90% | 31.48% | -8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.73% | 30.46% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.44% | 30.13% | +2.31% |
CHIQ vs. ISVBF - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
CHIQ vs. ISVBF - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.62%, while ISVBF 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 | 1.62% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
ISVBF iShares MSCI China A UCITS 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
CHIQ and ISVBF have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.72%) compared to CHIQ (7.67%). In terms of maximum drawdown, CHIQ dropped -67.04% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -5.34% vs -10.19% for CHIQ. On fees, ISVBF is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -5.34% return vs -10.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for CHIQ.
CHIQ has the higher dividend yield at 1.62%, compared with 0.00% for ISVBF.
CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for CHIQ and 0.40% for ISVBF.
ISVBF 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.
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