CNQQ vs. CNXT

Last updated Jul 14, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) are both China Equities funds - CNQQ tracks the Solactive ChinaAMC Transformative China Tech while CNXT tracks the SME-ChiNext 100 Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. CNQQ charges 0.75%/yr vs 0.65%/yr for CNXT.

Performance

CNQQ vs. CNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQQ achieves a 7.06% return, which is significantly lower than CNXT's 20.68% return.

CNQQ

• 1D: -3.45%
• 1M: 0.70%
• 6M: 0.24%
• YTD: 7.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNXT

• 1D: -4.22%
• 1M: -3.05%
• 6M: 10.97%
• YTD: 20.68%
• 1Y: 79.99%
• 3Y*: 22.79%
• 5Y*: 1.56%
• 10Y*: 5.41%

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

CNQQ vs. CNXT - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	7.06%	-5.22%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	20.68%	0.25%

Correlation

The correlation between CNQQ and CNXT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.84

Return for Risk

CNQQ vs. CNXT — Risk / Return Rank

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

CNQQ

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

CNXT

CNXT Risk / Return Rank: 88
CNXT Sharpe Ratio Rank: 89
CNXT Sortino Ratio Rank: 84
CNXT Omega Ratio Rank: 80
CNXT Calmar Ratio Rank: 93
CNXT Martin Ratio Rank: 92

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. CNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). 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.

	CNQQ	CNXT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.35	—
Sortino ratio: Return per unit of downside risk	—	2.96	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	5.23	—
Martin ratio: Return relative to average drawdown	—	17.67	—

Drawdowns

CNQQ vs. CNXT - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for CNQQ and CNXT.

Drawdown Indicators

	CNQQ	CNXT	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-68.98%	+51.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.30%	—
Current Drawdown Current decline from peak	-7.25%	-15.37%	+8.12%
Average Drawdown Average peak-to-trough decline	-8.47%	-42.61%	+34.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.54%	—

Volatility

Volatility by Period

	CNQQ	CNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.98%	34.35%	-7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.98%	35.85%	-8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.98%	31.98%	-5.00%

CNQQ vs. CNXT - Expense Ratio Comparison

CNQQ has a 0.75% expense ratio, which is higher than CNXT's 0.65% expense ratio.

Dividends

CNQQ vs. CNXT - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.35%, more than CNXT's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.35%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	0.15%	0.18%	0.15%	0.00%	0.00%	9.22%	0.01%	0.45%	0.00%	0.19%

Frequently Asked Questions

Can I hold both CNQQ and CNXT in my portfolio?

CNQQ and CNXT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CNQQ or CNXT?

On fees, CNXT is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNQQ or CNXT?

CNXT is cheaper with a 0.65% expense ratio, compared with 0.75% for CNQQ.

Which ETF pays a higher dividend yield, CNQQ or CNXT?

CNQQ has the higher dividend yield at 0.35%, compared with 0.15% for CNXT.

What is the main difference between CNQQ and CNXT?

CNQQ tracks Solactive ChinaAMC Transformative China Tech, while CNXT tracks SME-ChiNext 100 Index. They also come from different issuers: Rayliant and VanEck. Their fees differ too: 0.75% for CNQQ and 0.65% for CNXT.