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 6.04%/yr vs 2.43%/yr for USFR. At a 0.01 correlation, their price movements are largely independent. CHIQ charges 0.65%/yr vs 0.15%/yr for USFR.
Performance
CHIQ vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, CHIQ achieves a -23.02% return, which is significantly lower than USFR's 1.82% return. Over the past 10 years, CHIQ has outperformed USFR with an annualized return of 6.04%, while USFR has yielded a comparatively lower 2.43% annualized 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%
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
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 | -23.02% | 13.69% | 10.74% | -10.70% | -22.01% | -27.07% | 92.61% | 44.19% | -28.65% | 67.74% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 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 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 (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.01 |
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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 | -15.60 | ||
| Sortino ratioReturn per unit of downside risk | -51.41 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 13.31 | -12.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 201.33 | -201.97 |
| Martin ratioReturn relative to average drawdown | -1.52 | 779.76 | -781.28 |
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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.
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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 | -32.87% | -0.02% | -32.85% |
Max Drawdown (3Y)Largest decline over 3 years | -32.87% | -0.06% | -32.81% |
Max Drawdown (5Y)Largest decline over 5 years | -59.95% | -0.18% | -59.77% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | -0.80% | -66.24% |
Current DrawdownCurrent decline from peak | -59.61% | 0.00% | -59.61% |
Average DrawdownAverage peak-to-trough decline | -30.68% | -0.15% | -30.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 0.01% | +13.67% |
Volatility
CHIQ vs. USFR - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 6.60% 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.
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Volatility by Period
| CHIQ | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 0.09% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 0.19% | +16.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.46% | 0.27% | +22.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.74% | 0.40% | +37.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 0.78% | +31.65% |
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 1.92%, less than USFR's 3.90% 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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 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 (6.60%) 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 6.04% vs 2.43% 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 6.04% return vs 2.43%. 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 3.90%, compared with 1.92% 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 (14.67 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.
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