CHIQ vs. KWEB
Compare and contrast key facts about Global X MSCI China Consumer Discretionary ETF (CHIQ) and KraneShares CSI China Internet ETF (KWEB).
CHIQ and KWEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHIQ is a passively managed fund by Global X that tracks the performance of the MSCI China Consumer Discretionary 10/50 Index. It was launched on Nov 30, 2009. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both CHIQ and KWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHIQ or KWEB.
Key characteristics
| CHIQ | KWEB | |
|---|---|---|
| YTD Return | 18.04% | 18.52% |
| 1Y Return | 18.97% | 21.37% |
| 3Y Return (Ann) | -10.30% | -10.00% |
| 5Y Return (Ann) | 3.22% | -5.91% |
| 10Y Return (Ann) | 5.96% | -0.12% |
| Sharpe Ratio | 0.47 | 0.49 |
| Sortino Ratio | 0.93 | 1.00 |
| Omega Ratio | 1.11 | 1.12 |
| Calmar Ratio | 0.26 | 0.25 |
| Martin Ratio | 1.45 | 1.54 |
| Ulcer Index | 11.61% | 12.25% |
| Daily Std Dev | 35.94% | 38.48% |
| Max Drawdown | -67.04% | -80.92% |
| Current Drawdown | -50.81% | -66.27% |
Correlation
The correlation between CHIQ and KWEB is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CHIQ vs. KWEB - Performance Comparison
The year-to-date returns for both investments are quite close, with CHIQ having a 18.04% return and KWEB slightly higher at 18.52%. Over the past 10 years, CHIQ has outperformed KWEB with an annualized return of 5.96%, while KWEB has yielded a comparatively lower -0.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHIQ vs. KWEB - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
CHIQ vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and KraneShares CSI China Internet ETF (KWEB). 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.
Dividends
CHIQ vs. KWEB - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 2.41%, more than KWEB's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.41% | 2.26% | 0.38% | 0.00% | 0.11% | 1.04% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
KWEB KraneShares CSI China Internet ETF | 1.44% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
CHIQ vs. KWEB - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for CHIQ and KWEB. For additional features, visit the drawdowns tool.
Volatility
CHIQ vs. KWEB - Volatility Comparison
The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 13.34%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 14.12%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.