CHIQ vs. KBA

Last updated Jun 25, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both China Equities funds - CHIQ tracks the MSCI China Consumer Discretionary 10/50 Index while KBA tracks the MSCI China A Index. Both are passively managed. Over the past 10 years, CHIQ returned 5.83%/yr vs 10.34%/yr for KBA. A 0.66 correlation means they provide meaningful diversification when combined. CHIQ charges 0.65%/yr vs 0.60%/yr for KBA.

Performance

CHIQ vs. KBA - Performance Comparison

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

Returns By Period

In the year-to-date period, CHIQ achieves a -24.52% return, which is significantly lower than KBA's 9.74% return. Over the past 10 years, CHIQ has underperformed KBA with an annualized return of 5.83%, while KBA has yielded a comparatively higher 10.34% annualized 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%

KBA

• 1D: -0.56%
• 1M: 2.17%
• YTD: 9.74%
• 6M: 9.88%
• 1Y: 42.48%
• 3Y*: 16.03%
• 5Y*: 6.27%
• 10Y*: 10.34%

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

CHIQ vs. KBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHIQ Global X MSCI China Consumer Discretionary ETF	-24.52%	13.69%	10.74%	-10.70%	-22.01%	-27.07%	92.61%	44.19%	-28.65%	67.74%
KBA KraneShares Bosera MSCI China A Share ETF	9.74%	33.88%	15.73%	-16.77%	-3.49%	3.17%	41.62%	35.44%	-26.28%	30.69%

Correlation

The correlation between CHIQ and KBA is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 5, 2014	0.66

The correlation between CHIQ and KBA shifts across timeframes, from 0.55 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

CHIQ vs. KBA - Sectors Allocation Comparison

Sectors	CHIQ	KBA
Consumer Cyclical	95.8%	5.4%
Consumer Defensive	3.2%	6.5%
Real Estate	0.3%	0.5%
Technology	0.3%	34.1%
Industrials	0.2%	15.4%
Basic Materials	-	9.3%
Communication Services	-	1.4%
Energy	-	3.0%
Financial Services	-	17.4%
Healthcare	-	3.7%
Utilities	-	3.2%

Return for Risk

CHIQ vs. KBA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHIQ

CHIQ Risk / Return Rank: 1
CHIQ Sharpe Ratio Rank: 1
CHIQ Sortino Ratio Rank: 1
CHIQ Omega Ratio Rank: 2
CHIQ Calmar Ratio Rank: 3
CHIQ Martin Ratio Rank: 0

KBA

KBA Risk / Return Rank: 81
KBA Sharpe Ratio Rank: 80
KBA Sortino Ratio Rank: 77
KBA Omega Ratio Rank: 77
KBA Calmar Ratio Rank: 92
KBA Martin Ratio Rank: 80

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. KBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and KraneShares Bosera MSCI China A Share ETF (KBA). 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	KBA	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	2.25	-3.36
Sortino ratio: Return per unit of downside risk	-1.57	3.04	-4.61
Omega ratio: Gain probability vs. loss probability	0.83	1.40	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.72	5.58	-6.30
Martin ratio: Return relative to average drawdown	-1.78	14.10	-15.88

CHIQ vs. KBA - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -1.11, which is lower than the KBA Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of CHIQ and KBA, 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. KBA - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, which is greater than KBA's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for CHIQ and KBA.

Drawdown Indicators

	CHIQ	KBA	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-53.24%	-13.80%
Max Drawdown (1Y) Largest decline over 1 year	-34.18%	-7.65%	-26.53%
Max Drawdown (3Y) Largest decline over 3 years	-34.18%	-31.23%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-59.95%	-39.76%	-20.19%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	-45.32%	-21.72%
Current Drawdown Current decline from peak	-60.40%	-4.21%	-56.19%
Average Drawdown Average peak-to-trough decline	-30.69%	-25.70%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.85%	3.02%	+10.83%

Volatility

CHIQ vs. KBA - Volatility Comparison

The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.65%, while KraneShares Bosera MSCI China A Share ETF (KBA) has a volatility of 8.91%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	KBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	8.91%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	14.22%	+2.01%
Volatility (1Y) Calculated over the trailing 1-year period	22.45%	19.01%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.75%	27.34%	+10.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.43%	25.38%	+7.05%

CHIQ vs. KBA - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is higher than KBA's 0.60% expense ratio.

Dividends

CHIQ vs. KBA - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.96%, more than KBA's 1.42% yield.

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%
KBA KraneShares Bosera MSCI China A Share ETF	1.42%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%

Frequently Asked Questions

Can I hold both CHIQ and KBA in my portfolio?

CHIQ and KBA have a correlation of 0.55, 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 KBA?

KBA has higher volatility (8.91%) compared to CHIQ (6.65%). In terms of maximum drawdown, CHIQ dropped -67.04% vs KBA's -53.24%.

Which ETF is better, CHIQ or KBA?

On 10-year performance, KBA leads with 10.34% vs 5.83% for CHIQ. On fees, KBA is cheaper at 0.60% 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.

Which ETF has performed better, CHIQ or KBA?

Over the 10-year period, KBA has performed better with a 10.34% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or KBA?

KBA is cheaper with a 0.60% expense ratio, compared with 0.65% for CHIQ.

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

CHIQ has the higher dividend yield at 1.96%, compared with 1.42% for KBA.

What is the main difference between CHIQ and KBA?

CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while KBA tracks MSCI China A Index. They also come from different issuers: Global X and CICC. Their fees differ too: 0.65% for CHIQ and 0.60% for KBA.

Which has better risk-adjusted returns?

KBA currently has the higher Sharpe Ratio (2.25 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.