CNQQ vs. COST

Last updated Jun 6, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) is China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while COST (Costco Wholesale Corporation) is a stock. At a correlation of -0.10, they often move in opposite directions.

Performance

CNQQ vs. COST - Performance Comparison

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

Returns By Period

In the year-to-date period, CNQQ achieves a 7.00% return, which is significantly lower than COST's 13.02% return.

CNQQ

• 1D: -4.49%
• 1M: -0.53%
• YTD: 7.00%
• 6M: 6.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COST

• 1D: -0.05%
• 1M: -2.40%
• YTD: 13.02%
• 6M: 8.93%
• 1Y: -3.31%
• 3Y*: 25.13%
• 5Y*: 21.49%
• 10Y*: 22.40%

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

CNQQ vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	7.00%	-5.96%
COST Costco Wholesale Corporation	13.02%	-5.72%

Correlation

The correlation between CNQQ and COST is -0.10, 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 (All Time) Calculated using the full available price history since Sep 29, 2025	-0.10

Return for Risk

CNQQ vs. COST — Risk / Return Rank

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

COST

COST Risk / Return Rank: 32
COST Sharpe Ratio Rank: 34
COST Sortino Ratio Rank: 28
COST Omega Ratio Rank: 28
COST Calmar Ratio Rank: 35
COST Martin Ratio Rank: 34

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. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and Costco Wholesale Corporation (COST). 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	COST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.59	-0.55

Drawdowns

CNQQ vs. COST - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum COST drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for CNQQ and COST.

Drawdown Indicators

	CNQQ	COST	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-53.39%	+35.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.40%	—
Current Drawdown Current decline from peak	-5.54%	-11.19%	+5.65%
Average Drawdown Average peak-to-trough decline	-9.17%	-13.36%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.12%	—

Volatility

Volatility by Period

	CNQQ	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.91%	19.15%	+5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.91%	22.72%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.91%	21.94%	+2.97%

Dividends

CNQQ vs. COST - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.24%, less than COST's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.24%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COST Costco Wholesale Corporation	0.55%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%

Frequently Asked Questions

Can I hold both CNQQ and COST in my portfolio?

CNQQ and COST have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.