CHIQ vs. USDX

Last updated Jun 24, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and USDX (SGI Enhanced Core ETF) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while USDX is a Intermediate Core Bond fund actively managed by Summit Global Investments. CHIQ is passively managed, while USDX is actively managed. Over the past year, CHIQ returned -20.71% vs 6.47% for USDX. At a correlation of -0.04, they often move in opposite directions. CHIQ charges 0.65%/yr vs 0.98%/yr for USDX.

Performance

CHIQ vs. USDX - Performance Comparison

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

Returns By Period

In the year-to-date period, CHIQ achieves a -23.02% return, which is significantly lower than USDX's 2.55% return.

CHIQ

• 1D: -1.68%
• 1M: -11.75%
• YTD: -23.02%
• 6M: -23.86%
• 1Y: -20.71%
• 3Y*: -0.66%
• 5Y*: -12.72%
• 10Y*: 6.04%

USDX

• 1D: 0.04%
• 1M: 0.31%
• YTD: 2.55%
• 6M: 2.67%
• 1Y: 6.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHIQ vs. USDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHIQ Global X MSCI China Consumer Discretionary ETF	-23.02%	13.69%	15.95%
USDX SGI Enhanced Core ETF	2.55%	6.25%	6.87%

Correlation

The correlation between CHIQ and USDX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	-0.04

Return for Risk

CHIQ vs. USDX — Risk / Return Rank

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

CHIQ

CHIQ Risk / Return Rank: 2
CHIQ Sharpe Ratio Rank: 2
CHIQ Sortino Ratio Rank: 2
CHIQ Omega Ratio Rank: 2
CHIQ Calmar Ratio Rank: 4
CHIQ Martin Ratio Rank: 1

USDX

USDX Risk / Return Rank: 95
USDX Sharpe Ratio Rank: 92
USDX Sortino Ratio Rank: 95
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 94
USDX Martin Ratio Rank: 97

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. USDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and SGI Enhanced Core ETF (USDX). 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	USDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	3.14	-4.07
Sortino ratio: Return per unit of downside risk	-1.27	4.98	-6.25
Omega ratio: Gain probability vs. loss probability	0.86	1.77	-0.92
Calmar ratio: Return relative to maximum drawdown	-0.63	6.93	-7.56
Martin ratio: Return relative to average drawdown	-1.52	44.33	-45.85

CHIQ vs. USDX - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -0.93, which is lower than the USDX Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of CHIQ and USDX, 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. USDX - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for CHIQ and USDX.

Drawdown Indicators

	CHIQ	USDX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-0.94%	-66.10%
Max Drawdown (1Y) Largest decline over 1 year	-32.87%	-0.94%	-31.93%
Max Drawdown (3Y) Largest decline over 3 years	-32.87%	—	—
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	-59.61%	0.00%	-59.61%
Average Drawdown Average peak-to-trough decline	-30.68%	-0.06%	-30.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.68%	0.15%	+13.53%

Volatility

CHIQ vs. USDX - Volatility Comparison

Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 6.60% compared to SGI Enhanced Core ETF (USDX) at 1.06%. This indicates that CHIQ's price experiences larger fluctuations and is considered to be riskier than USDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	USDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	1.06%	+5.54%
Volatility (6M) Calculated over the trailing 6-month period	16.22%	1.90%	+14.32%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	2.07%	+20.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.74%	1.74%	+36.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.43%	1.74%	+30.69%

CHIQ vs. USDX - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is lower than USDX's 0.98% expense ratio.

Dividends

CHIQ vs. USDX - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.92%, less than USDX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIQ Global X MSCI China Consumer Discretionary ETF	1.92%	1.48%	2.65%	2.26%	0.38%	0.00%	0.11%	1.05%	2.71%	0.62%	1.51%	4.86%
USDX SGI Enhanced Core ETF	5.86%	5.88%	4.60%	0.00%	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 USDX in my portfolio?

CHIQ and USDX have a correlation of -0.07, 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 USDX?

CHIQ has higher volatility (6.60%) compared to USDX (1.06%). In terms of maximum drawdown, CHIQ dropped -67.04% vs USDX's -0.94%.

Which ETF is better, CHIQ or USDX?

On 1-year performance, USDX leads with 6.47% vs -20.71% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, USDX has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHIQ or USDX?

Over the 1-year period, USDX has performed better with a 6.47% return vs -20.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or USDX?

CHIQ is cheaper with a 0.65% expense ratio, compared with 0.98% for USDX.

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

USDX has the higher dividend yield at 5.86%, compared with 1.92% for CHIQ.

What is the main difference between CHIQ and USDX?

CHIQ is categorized as China Equities, while USDX is Intermediate Core Bond. They also come from different issuers: Global X and Summit Global Investments. Their fees differ too: 0.65% for CHIQ and 0.98% for USDX.

Which has better risk-adjusted returns?

USDX currently has the higher Sharpe Ratio (3.14 vs -0.93), 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.