CHIQ vs. JCHI

Last updated Jun 5, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. CHIQ is passively managed, while JCHI is actively managed. Over the past 3 years, CHIQ returned 3.21%/yr vs 8.99%/yr for JCHI. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.

Performance

CHIQ vs. JCHI - Performance Comparison

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

Returns By Period

In the year-to-date period, CHIQ achieves a -13.91% return, which is significantly lower than JCHI's 0.50% return.

CHIQ

• 1D: -0.23%
• 1M: -6.70%
• YTD: -13.91%
• 6M: -15.32%
• 1Y: -14.11%
• 3Y*: 3.21%
• 5Y*: -10.49%
• 10Y*: 6.57%

JCHI

• 1D: -0.09%
• 1M: -0.31%
• YTD: 0.50%
• 6M: -0.36%
• 1Y: 16.23%
• 3Y*: 8.99%
• 5Y*: —
• 10Y*: —

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

CHIQ vs. JCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHIQ Global X MSCI China Consumer Discretionary ETF	-13.91%	13.69%	10.74%	-5.25%
JCHI JPMorgan Active China ETF	0.50%	27.66%	13.77%	-17.06%

Correlation

The correlation between CHIQ and JCHI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.89

The correlation between CHIQ and JCHI has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

CHIQ vs. JCHI - Sectors Allocation Comparison

Sectors	CHIQ	JCHI
Consumer Cyclical	96.1%	20.6%
Consumer Defensive	3.2%	4.1%
Real Estate	0.4%	-
Industrials	0.2%	10.7%
Basic Materials	-	6.7%
Communication Services	-	14.5%
Energy	-	3.3%
Financial Services	-	20.6%
Healthcare	-	4.7%
Technology	-	14.7%
Utilities	-	-

Return for Risk

CHIQ vs. JCHI — 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: 4
CHIQ Martin Ratio Rank: 3

JCHI

JCHI Risk / Return Rank: 25
JCHI Sharpe Ratio Rank: 26
JCHI Sortino Ratio Rank: 26
JCHI Omega Ratio Rank: 26
JCHI Calmar Ratio Rank: 25
JCHI Martin Ratio Rank: 22

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. JCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and JPMorgan Active China ETF (JCHI). 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	JCHI	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	0.93	-1.56
Sortino ratio: Return per unit of downside risk	-0.79	1.40	-2.19
Omega ratio: Gain probability vs. loss probability	0.91	1.17	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.54	1.13	-1.68
Martin ratio: Return relative to average drawdown	-1.16	2.74	-3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHIQ vs. JCHI - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -0.63, which is lower than the JCHI Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of CHIQ and JCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHIQ	JCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	0.93	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.25	-0.18

Drawdowns

CHIQ vs. JCHI - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for CHIQ and JCHI.

Drawdown Indicators

	CHIQ	JCHI	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-29.57%	-37.47%
Max Drawdown (1Y) Largest decline over 1 year	-26.10%	-14.37%	-11.73%
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	-27.47%	-2.20%
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	-54.83%	-7.41%	-47.42%
Average Drawdown Average peak-to-trough decline	-30.62%	-13.33%	-17.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.22%	5.93%	+6.29%

Volatility

CHIQ vs. JCHI - Volatility Comparison

Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 7.23% compared to JPMorgan Active China ETF (JCHI) at 6.28%. This indicates that CHIQ's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	JCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	6.28%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	15.80%	12.32%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	17.59%	+4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.72%	24.86%	+12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.43%	24.86%	+7.57%

CHIQ vs. JCHI - Expense Ratio Comparison

Both CHIQ and JCHI have an expense ratio of 0.65%.

Dividends

CHIQ vs. JCHI - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.72%, less than JCHI's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIQ Global X MSCI China Consumer Discretionary ETF	1.72%	1.48%	2.65%	2.26%	0.38%	0.00%	0.11%	1.05%	2.71%	0.62%	1.51%	4.86%
JCHI JPMorgan Active China ETF	1.80%	1.81%	2.12%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHIQ and JCHI in my portfolio?

CHIQ and JCHI have a correlation of 0.82, 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 JCHI?

CHIQ has higher volatility (7.23%) compared to JCHI (6.28%). In terms of maximum drawdown, CHIQ dropped -67.04% vs JCHI's -29.57%.

Which ETF is better, CHIQ or JCHI?

On 3-year performance, JCHI leads with 8.99% vs 3.21% for CHIQ. Both ETFs have the same 0.65% expense ratio. On volatility, JCHI has been the lower-risk option at 6.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHIQ or JCHI?

Over the 3-year period, JCHI has performed better with a 8.99% return vs 3.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or JCHI?

CHIQ and JCHI have the same expense ratio: 0.65% per year.

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

JCHI has the higher dividend yield at 1.80%, compared with 1.72% for CHIQ.

What is the main difference between CHIQ and JCHI?

They also come from different issuers: Global X and JPMorgan.

Which has better risk-adjusted returns?

JCHI currently has the higher Sharpe Ratio (0.93 vs -0.63), 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.