CHIQ vs. YXI
CHIQ (Global X MSCI China Consumer Discretionary ETF) and YXI (ProShares Short FTSE China 50) are both China Equities funds - CHIQ tracks the MSCI China Consumer Discretionary 10/50 Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, CHIQ returned 6.13%/yr vs -7.29%/yr for YXI. At a correlation of -0.83, they often move in opposite directions. CHIQ charges 0.65%/yr vs 0.95%/yr for YXI.
Performance
CHIQ vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, CHIQ achieves a -16.55% return, which is significantly lower than YXI's 12.29% return. Over the past 10 years, CHIQ has outperformed YXI with an annualized return of 6.13%, while YXI has yielded a comparatively lower -7.29% annualized return.
CHIQ
- 1D
- 2.74%
- 1M
- -0.47%
- 6M
- -17.42%
- YTD
- -16.55%
- 1Y
- -16.73%
- 3Y*
- -0.91%
- 5Y*
- -10.19%
- 10Y*
- 6.13%
YXI
- 1D
- -0.91%
- 1M
- 3.13%
- 6M
- 17.42%
- YTD
- 12.29%
- 1Y
- 9.77%
- 3Y*
- -9.43%
- 5Y*
- -2.73%
- 10Y*
- -7.29%
CHIQ vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | -16.55% | 13.69% | 10.74% | -10.70% | -22.01% | -27.07% | 92.61% | 44.19% | -28.65% | 67.74% |
YXI ProShares Short FTSE China 50 | 12.29% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between CHIQ and YXI is -0.81, 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 | -0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.83 |
The correlation between CHIQ and YXI has been stable across timeframes, ranging from -0.90 to -0.81 - a consistent structural relationship.
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Return for Risk
CHIQ vs. YXI — Risk / Return Rank
CHIQ
YXI
CHIQ vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.10 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.86 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.06 | 1.73 | -2.79 |
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Drawdowns
CHIQ vs. YXI - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for CHIQ and YXI.
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Drawdown Indicators
| CHIQ | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.04% | -81.15% | +14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -11.39% | -24.14% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -53.12% | +17.59% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -57.65% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -67.04% | -61.79% | -5.25% |
Current DrawdownCurrent decline from peak | -56.22% | -77.07% | +20.85% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -54.45% | +23.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 5.66% | +10.08% |
Volatility
CHIQ vs. YXI - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) and ProShares Short FTSE China 50 (YXI) have volatilities of 7.67% and 7.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHIQ | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 7.44% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 15.44% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.90% | 20.65% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.73% | 31.47% | +6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.44% | 27.44% | +5.00% |
CHIQ vs. YXI - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
CHIQ vs. YXI - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 1.62%, less than YXI's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.62% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
YXI ProShares Short FTSE China 50 | 2.53% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CHIQ and YXI have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHIQ has higher volatility (7.67%) compared to YXI (7.44%). In terms of maximum drawdown, CHIQ dropped -67.04% vs YXI's -81.15%.
On 10-year performance, CHIQ leads with 6.13% vs -7.29% for YXI. On fees, CHIQ is cheaper at 0.65% per year. On volatility, YXI has been the lower-risk option at 7.44%. 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 6.13% return vs -7.29%. 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 0.95% for YXI.
YXI has the higher dividend yield at 2.53%, compared with 1.62% for CHIQ.
CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.65% for CHIQ and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.48 vs -0.74), 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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