CHIQ vs. PEJ
Compare and contrast key facts about Global X MSCI China Consumer Discretionary ETF (CHIQ) and Invesco Dynamic Leisure & Entertainment ETF (PEJ).
CHIQ and PEJ 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. PEJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Leisure and Entertainment Intellidex Index. It was launched on Jun 23, 2005. Both CHIQ and PEJ 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 PEJ.
Key characteristics
| CHIQ | PEJ | |
|---|---|---|
| YTD Return | 1.42% | 6.95% |
| 1Y Return | 0.37% | 11.63% |
| 3Y Return (Ann) | -18.91% | -0.81% |
| 5Y Return (Ann) | 1.64% | 0.55% |
| 10Y Return (Ann) | 4.09% | 4.18% |
| Sharpe Ratio | 0.08 | 0.59 |
| Daily Std Dev | 29.69% | 17.79% |
| Max Drawdown | -67.04% | -66.03% |
| Current Drawdown | -57.74% | -17.13% |
Correlation
The correlation between CHIQ and PEJ is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CHIQ vs. PEJ - Performance Comparison
In the year-to-date period, CHIQ achieves a 1.42% return, which is significantly lower than PEJ's 6.95% return. Both investments have delivered pretty close results over the past 10 years, with CHIQ having a 4.09% annualized return and PEJ not far ahead at 4.18%. 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. PEJ - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is higher than PEJ's 0.55% expense ratio.
Risk-Adjusted Performance
CHIQ vs. PEJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Invesco Dynamic Leisure & Entertainment ETF (PEJ). 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. PEJ - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 2.23%, more than PEJ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.23% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
PEJ Invesco Dynamic Leisure & Entertainment ETF | 0.50% | 0.46% | 0.43% | 0.34% | 0.92% | 0.39% | 0.78% | 0.68% | 0.68% | 0.52% | 0.51% | 0.42% |
Drawdowns
CHIQ vs. PEJ - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, roughly equal to the maximum PEJ drawdown of -66.03%. Use the drawdown chart below to compare losses from any high point for CHIQ and PEJ. For additional features, visit the drawdowns tool.
Volatility
CHIQ vs. PEJ - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 6.39% compared to Invesco Dynamic Leisure & Entertainment ETF (PEJ) at 5.23%. This indicates that CHIQ's price experiences larger fluctuations and is considered to be riskier than PEJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.