CHIQ vs. USFR
CHIQ (Global X MSCI China Consumer Discretionary ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, CHIQ returned 6.32%/yr vs 2.48%/yr for USFR. Their 0.01 correlation means their historical movements had little consistent relationship. CHIQ charges 0.65%/yr vs 0.15%/yr for USFR.
Performance
CHIQ vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CHIQ achieves a -12.61% return, which is significantly lower than USFR's 2.29% return. Over the past 10 years, CHIQ has outperformed USFR with an annualized return of 6.32%, while USFR has yielded a comparatively lower 2.48% annualized return.
CHIQ
- 1D
- -0.78%
- 1M
- 13.46%
- 6M
- -11.03%
- YTD
- -12.61%
- 1Y
- -11.86%
- 3Y*
- -1.64%
- 5Y*
- -8.27%
- 10Y*
- 6.32%
- ALL TIME*
- 2.17%
USFR
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.89%
- YTD
- 2.29%
- 1Y
- 3.97%
- 3Y*
- 4.68%
- 5Y*
- 3.81%
- 10Y*
- 2.48%
- ALL TIME*
- 1.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.03M | $735.04K | $809.72K | |
| $352.79M | $265.75M | $249.59M |
CHIQ vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -12.61% | 13.69% | 10.74% | -10.70% | -22.01% | -27.07% | 92.61% | 44.19% | -28.65% | 67.74% |
USFR WisdomTree Floating Rate Treasury Fund | 2.29% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between CHIQ and USFR is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CHIQ vs. USFR — Risk / Return Rank
CHIQ
USFR
CHIQ vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.16 | ||
| Sortino ratioReturn per unit of downside risk | -52.21 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 14.07 | -13.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 200.37 | -200.71 |
| Martin ratioReturn relative to average drawdown | -0.71 | 800.41 | -801.12 |
Loading charts...
Drawdowns
CHIQ vs. USFR - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CHIQ and USFR.
Loading charts...
Drawdown Indicators
| CHIQ | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -1.36% | -65.68% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -0.02% | -35.51% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -0.06% | -35.47% |
Max Drawdown (5Y)Largest decline over 5 years | -54.89% | -0.18% | -54.71% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | -0.80% | -66.24% |
Current DrawdownCurrent decline from peak | -54.15% | 0.00% | -54.15% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -0.15% | -30.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.85% | 0.00% | +16.85% |
Volatility
CHIQ vs. USFR - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 6.69% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that CHIQ's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CHIQ | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 0.09% | +6.60% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 0.20% | +16.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.16% | 0.27% | +22.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.29% | 0.39% | +36.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.47% | 0.76% | +31.71% |
CHIQ vs. USFR - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
CHIQ vs. USFR - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.54%, less than USFR's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.54% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
USFR WisdomTree Floating Rate Treasury Fund | 3.79% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
Frequently Asked Questions
CHIQ and USFR 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.
CHIQ has higher volatility (6.69%) compared to USFR (0.09%). In terms of maximum drawdown, CHIQ dropped -67.04% vs USFR's -1.36%.
On 10-year performance, CHIQ leads with 6.32% vs 2.48% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CHIQ has performed better with a 6.32% return vs 2.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.65% for CHIQ.
USFR has the higher dividend yield at 3.79%, compared with 1.54% for CHIQ.
CHIQ is categorized as China Equities, while USFR is Government Bonds. CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.65% for CHIQ and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.64 vs -0.52), 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.
Find the right allocation for CHIQ and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer