CHIQ vs. USOY
CHIQ (Global X MSCI China Consumer Discretionary ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - CHIQ is a China Equities fund tracking the MSCI China Consumer Discretionary 10/50 Index, while USOY is a Derivative Income fund actively managed by Defiance. CHIQ is passively managed, while USOY is actively managed. Over the past year, CHIQ returned -12.29% vs 57.29% for USOY. At a correlation of -0.01, they often move in opposite directions. CHIQ charges 0.65%/yr vs 1.22%/yr for USOY.
Performance
CHIQ vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, CHIQ achieves a -13.71% return, which is significantly lower than USOY's 62.18% return.
CHIQ
- 1D
- -2.91%
- 1M
- -7.37%
- YTD
- -13.71%
- 6M
- -15.32%
- 1Y
- -12.29%
- 3Y*
- 3.13%
- 5Y*
- -10.45%
- 10Y*
- 6.73%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHIQ vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -13.71% | 13.69% | 2.15% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between CHIQ and USOY is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.01 |
The correlation between CHIQ and USOY shifts across timeframes, from -0.19 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHIQ vs. USOY — Risk / Return Rank
CHIQ
USOY
CHIQ vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and Defiance Oil Enhanced Options Income ETF (USOY). 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.
| CHIQ | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 4.03 | -4.50 |
| Martin ratioReturn relative to average drawdown | -1.02 | 7.74 | -8.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHIQ | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 1.89 | -2.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.99 | -0.92 |
Drawdowns
CHIQ vs. USOY - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for CHIQ and USOY.
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Drawdown Indicators
| CHIQ | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -17.46% | -49.58% |
Max Drawdown (1Y)Largest decline over 1 year | -26.10% | -14.29% | -11.81% |
Max Drawdown (3Y)Largest decline over 3 years | -29.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | — | — |
Current DrawdownCurrent decline from peak | -54.73% | -5.11% | -49.62% |
Average DrawdownAverage peak-to-trough decline | -30.61% | -6.47% | -24.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.12% | 7.42% | +4.70% |
Volatility
CHIQ vs. USOY - Volatility Comparison
The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 7.26%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHIQ | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 11.62% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 27.18% | -11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 30.44% | -7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.72% | 26.13% | +11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.44% | 26.13% | +6.31% |
CHIQ vs. USOY - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
CHIQ vs. USOY - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.71%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.71% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CHIQ and USOY have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.62%) compared to CHIQ (7.26%). In terms of maximum drawdown, CHIQ dropped -67.04% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs -12.29% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, CHIQ has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs -12.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CHIQ is cheaper with a 0.65% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 1.71% for CHIQ.
CHIQ is categorized as China Equities, while USOY is Derivative Income. They also come from different issuers: Global X and Defiance. Their fees differ too: 0.65% for CHIQ and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs -0.55), 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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