CHIQ vs. ITB

Last updated Aug 5, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and ITB (iShares U.S. Home Construction ETF) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index. Both are passively managed. Over the past 10 years, CHIQ returned 6.32%/yr vs 13.90%/yr for ITB. Their 0.36 correlation means their historical movements had little consistent relationship. CHIQ charges 0.65%/yr vs 0.38%/yr for ITB.

Performance

CHIQ vs. ITB - Performance Comparison

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

Returns By Period

In the year-to-date period, CHIQ achieves a -12.61% return, which is significantly lower than ITB's 3.68% return. Over the past 10 years, CHIQ has underperformed ITB with an annualized return of 6.32%, while ITB has yielded a comparatively higher 13.90% 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%

ITB

• 1D: 2.56%
• 1M: -3.31%
• 6M: -4.99%
• YTD: 3.68%
• 1Y: -1.87%
• 3Y*: 5.11%
• 5Y*: 7.57%
• 10Y*: 13.90%
• ALL TIME*: 4.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHIQ Global X MSCI China Consumer Discretionary ETF	$1.03M	$735.04K	$809.72K
ITB iShares U.S. Home Construction ETF	$182.09M	$196.39M	$218.58M

CHIQ vs. ITB - 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%
ITB iShares U.S. Home Construction ETF	3.68%	-5.26%	2.06%	68.91%	-26.26%	49.25%	26.42%	48.70%	-30.92%	59.65%

Correlation

The correlation between CHIQ and ITB is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.24
Correlation (5Y) Shows whether the relationship held over a longer period.	0.29
Correlation (10Y) Provides a long-term view across more market conditions.	0.30
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009	0.36

Over the past year, the correlation between CHIQ and ITB has dropped to 0.15 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

CHIQ vs. ITB - Sectors Allocation Comparison

Sectors	CHIQ	ITB
Consumer Cyclical	95.2%	74.6%
Consumer Defensive	3.5%	-
Real Estate	0.3%	0.7%
Technology	0.3%	-
Industrials	0.3%	16.0%
Basic Materials	-	8.7%
Communication Services	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

CHIQ vs. ITB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHIQ

CHIQ Risk / Return Rank: 5
CHIQ Sharpe Ratio Rank: 5
CHIQ Sortino Ratio Rank: 5
CHIQ Omega Ratio Rank: 5
CHIQ Calmar Ratio Rank: 6
CHIQ Martin Ratio Rank: 6

ITB

ITB Risk / Return Rank: 10
ITB Sharpe Ratio Rank: 9
ITB Sortino Ratio Rank: 10
ITB Omega Ratio Rank: 10
ITB Calmar Ratio Rank: 9
ITB Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHIQ vs. ITB - 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 U.S. Home Construction ETF (ITB). 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	ITB	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.06	-0.45
Sortino ratio: Return per unit of downside risk	-0.61	0.13	-0.74
Omega ratio: Gain probability vs. loss probability	0.93	1.01	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.34	-0.07	-0.26
Martin ratio: Return relative to average drawdown	-0.71	-0.13	-0.58

CHIQ vs. ITB - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -0.52, which is lower than the ITB Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of CHIQ and ITB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHIQ vs. ITB - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for CHIQ and ITB.

Drawdown Indicators

	CHIQ	ITB	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-86.53%	+19.49%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-26.04%	-9.49%
Max Drawdown (3Y) Largest decline over 3 years	-35.53%	-33.35%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-54.89%	-40.55%	-14.34%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	-52.10%	-14.94%
Current Drawdown Current decline from peak	-54.15%	-21.40%	-32.75%
Average Drawdown Average peak-to-trough decline	-30.87%	-36.98%	+6.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.85%	14.60%	+2.25%

Volatility

CHIQ vs. ITB - Volatility Comparison

The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.69%, while iShares U.S. Home Construction ETF (ITB) has a volatility of 9.60%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	ITB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	9.60%	-2.91%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	22.31%	-5.67%
Volatility (1Y) Calculated over the trailing 1-year period	23.16%	29.63%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.29%	29.61%	+7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.47%	30.23%	+2.24%

CHIQ vs. ITB - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is higher than ITB's 0.38% expense ratio.

Dividends

CHIQ vs. ITB - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.54%, more than ITB's 0.65% 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%
ITB iShares U.S. Home Construction ETF	0.65%	1.67%	0.46%	0.48%	0.86%	0.37%	0.46%	0.50%	0.63%	0.28%	0.43%	0.34%

Frequently Asked Questions

Can I hold both CHIQ and ITB in my portfolio?

CHIQ and ITB have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHIQ or ITB?

ITB has higher volatility (9.60%) compared to CHIQ (6.69%). In terms of maximum drawdown, CHIQ dropped -67.04% vs ITB's -86.53%.

Which ETF is better, CHIQ or ITB?

On 10-year performance, ITB leads with 13.90% vs 6.32% for CHIQ. On fees, ITB is cheaper at 0.38% 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.

Which ETF has performed better, CHIQ or ITB?

Over the 10-year period, ITB has performed better with a 13.90% return vs 6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or ITB?

ITB is cheaper with a 0.38% expense ratio, compared with 0.65% for CHIQ.

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

CHIQ has the higher dividend yield at 1.54%, compared with 0.65% for ITB.

What is the main difference between CHIQ and ITB?

CHIQ is categorized as China Equities, while ITB is Building & Construction. CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while ITB tracks Dow Jones U.S. Select Home Construction Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for CHIQ and 0.38% for ITB.

Which has better risk-adjusted returns?

ITB currently has the higher Sharpe Ratio (-0.06 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.