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 -13.15%/yr vs -6.16%/yr for ISVBF. At a 0.33 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 -24.52% return, which is significantly lower than ISVBF's -12.61% return.
CHIQ
- 1D
- -1.95%
- 1M
- -13.48%
- YTD
- -24.52%
- 6M
- -25.41%
- 1Y
- -24.60%
- 3Y*
- -1.32%
- 5Y*
- -13.15%
- 10Y*
- 5.83%
ISVBF
- 1D
- -1.91%
- 1M
- -3.63%
- YTD
- -12.61%
- 6M
- -13.33%
- 1Y
- -0.84%
- 3Y*
- 8.82%
- 5Y*
- -6.16%
- 10Y*
- —
CHIQ vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -24.52% | 13.69% | 10.74% | -10.70% | -22.01% | -21.79% |
ISVBF iShares MSCI China A UCITS ETF | -12.61% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between CHIQ and ISVBF is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.33 |
Over the past year, CHIQ and ISVBF have become more correlated (0.61) than their long-term average of 0.33, 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 | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.02 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.04 | -0.68 |
| Martin ratioReturn relative to average drawdown | -1.78 | -0.09 | -1.69 |
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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 | -34.18% | -20.64% | -13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -34.18% | -23.77% | -10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -59.95% | -52.51% | -7.44% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | — | — |
Current DrawdownCurrent decline from peak | -60.40% | -29.16% | -31.24% |
Average DrawdownAverage peak-to-trough decline | -30.69% | -32.68% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 9.17% | +4.68% |
Volatility
CHIQ vs. ISVBF - Volatility Comparison
The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.65%, while iShares MSCI China A UCITS ETF (ISVBF) has a volatility of 8.35%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than ISVBF based on this measure. 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 | 6.65% | 8.35% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 27.04% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 30.91% | -8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.75% | 30.31% | +7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 30.15% | +2.28% |
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 1.96%, 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 | 1.96% | 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 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (8.35%) compared to CHIQ (6.65%). In terms of maximum drawdown, CHIQ dropped -67.04% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -6.16% vs -13.15% for CHIQ. On fees, ISVBF is cheaper at 0.40% per year. On volatility, CHIQ has been the lower-risk option at 6.65%. 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 -6.16% return vs -13.15%. 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 1.96%, 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 -1.11), 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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