CNQQ vs. BABA

Last updated Jun 5, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) is China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while BABA (Alibaba Group Holding Limited) is a stock. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

CNQQ vs. BABA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and Alibaba Group Holding Limited (BABA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQQ achieves a 12.03% return, which is significantly higher than BABA's -14.07% return.

CNQQ

• 1D: 0.38%
• 1M: 7.11%
• YTD: 12.03%
• 6M: 12.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BABA

• 1D: -0.99%
• 1M: -4.77%
• YTD: -14.07%
• 6M: -20.00%
• 1Y: 7.22%
• 3Y*: 16.26%
• 5Y*: -9.55%
• 10Y*: 5.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNQQ vs. BABA - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	12.03%	-5.96%
BABA Alibaba Group Holding Limited	-14.07%	-14.73%

Correlation

The correlation between CNQQ and BABA is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.74

Return for Risk

CNQQ vs. BABA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BABA

BABA Risk / Return Rank: 46
BABA Sharpe Ratio Rank: 48
BABA Sortino Ratio Rank: 46
BABA Omega Ratio Rank: 43
BABA Calmar Ratio Rank: 47
BABA Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNQQ vs. BABA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and Alibaba Group Holding Limited (BABA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CNQQ	BABA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.07	+0.26

Drawdowns

CNQQ vs. BABA - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for CNQQ and BABA.

Drawdown Indicators

	CNQQ	BABA	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-80.09%	+62.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-72.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.09%	—
Current Drawdown Current decline from peak	-1.09%	-58.18%	+57.09%
Average Drawdown Average peak-to-trough decline	-9.19%	-37.52%	+28.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.74%	—

Volatility

Volatility by Period

	CNQQ	BABA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.37%	43.69%	-19.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	51.37%	-27.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	43.37%	-19.00%

Dividends

CNQQ vs. BABA - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.23%, less than BABA's 1.59% yield.

Position	TTM	2025	2024	2023
BABA Alibaba Group Holding Limited	1.59%	1.36%	1.96%	1.29%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.23%	0.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNQQ and BABA in my portfolio?

CNQQ and BABA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.