CHIX vs. PGJ
Compare and contrast key facts about Global X MSCI China Financials ETF (CHIX) and Invesco Golden Dragon China ETF (PGJ).
CHIX and PGJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHIX is a passively managed fund by Global X that tracks the performance of the MSCI China Financials 10/50 Index. It was launched on Dec 10, 2009. PGJ is a passively managed fund by Invesco that tracks the performance of the Halter USX China Index. It was launched on Dec 9, 2004. Both CHIX and PGJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHIX or PGJ.
Correlation
The correlation between CHIX and PGJ is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CHIX vs. PGJ - Performance Comparison
Key characteristics
Returns By Period
CHIX
N/A
N/A
N/A
N/A
N/A
N/A
PGJ
16.21%
16.30%
40.61%
31.67%
-5.09%
1.90%
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CHIX vs. PGJ - Expense Ratio Comparison
CHIX has a 0.65% expense ratio, which is lower than PGJ's 0.70% expense ratio.
Risk-Adjusted Performance
CHIX vs. PGJ — Risk-Adjusted Performance Rank
CHIX
PGJ
CHIX vs. PGJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Financials ETF (CHIX) and Invesco Golden Dragon China ETF (PGJ). 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.
Dividends
CHIX vs. PGJ - Dividend Comparison
CHIX has not paid dividends to shareholders, while PGJ's dividend yield for the trailing twelve months is around 4.05%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIX Global X MSCI China Financials ETF | 100.69% | 100.69% | 5.27% | 6.15% | 4.15% | 2.24% | 3.87% | 4.76% | 1.90% | 2.01% | 5.33% | 1.01% |
PGJ Invesco Golden Dragon China ETF | 4.05% | 4.70% | 2.50% | 0.84% | 0.00% | 0.31% | 0.17% | 0.31% | 2.05% | 1.94% | 0.37% | 0.89% |
Drawdowns
CHIX vs. PGJ - Drawdown Comparison
Volatility
CHIX vs. PGJ - Volatility Comparison
The current volatility for Global X MSCI China Financials ETF (CHIX) is 0.00%, while Invesco Golden Dragon China ETF (PGJ) has a volatility of 9.57%. This indicates that CHIX experiences smaller price fluctuations and is considered to be less risky than PGJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.