CNQQ vs. RWIN

Last updated Jul 18, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and RWIN (Rayliant NxtGen Multifactor International Equity ETF) are both exchange-traded funds - CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while RWIN is a Foreign Large Cap Equities fund actively managed by Rayliant. CNQQ is passively managed, while RWIN is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. CNQQ charges 0.75%/yr vs 0.42%/yr for RWIN.

Performance

CNQQ vs. RWIN - Performance Comparison

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

Returns By Period

CNQQ

• 1D: -4.06%
• 1M: -6.50%
• 6M: -2.08%
• YTD: 2.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RWIN

• 1D: -0.12%
• 1M: 0.70%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNQQ vs. RWIN - Yearly Performance Comparison

	2026 (YTD)
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	10.95%
RWIN Rayliant NxtGen Multifactor International Equity ETF	2.32%

Correlation

The correlation between CNQQ and RWIN is 0.53, 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 Apr 8, 2026	0.53

Return for Risk

CNQQ vs. RWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and Rayliant NxtGen Multifactor International Equity ETF (RWIN). 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.

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

Drawdowns

CNQQ vs. RWIN - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, which is greater than RWIN's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for CNQQ and RWIN.

Drawdown Indicators

	CNQQ	RWIN	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-4.09%	-13.73%
Current Drawdown Current decline from peak	-11.30%	-0.92%	-10.38%
Average Drawdown Average peak-to-trough decline	-8.44%	-1.32%	-7.12%

Volatility

Volatility by Period

	CNQQ	RWIN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	14.83%	+12.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.43%	14.83%	+12.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.43%	14.83%	+12.60%

CNQQ vs. RWIN - Expense Ratio Comparison

CNQQ has a 0.75% expense ratio, which is higher than RWIN's 0.42% expense ratio.

Dividends

CNQQ vs. RWIN - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.37%, less than RWIN's 1.01% yield.

Position	TTM	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.37%	0.09%
RWIN Rayliant NxtGen Multifactor International Equity ETF	1.01%	0.00%

Frequently Asked Questions

Can I hold both CNQQ and RWIN in my portfolio?

CNQQ and RWIN have a correlation of 0.53, 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 RWIN?

On fees, RWIN is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNQQ or RWIN?

RWIN is cheaper with a 0.42% expense ratio, compared with 0.75% for CNQQ.

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

RWIN has the higher dividend yield at 1.01%, compared with 0.37% for CNQQ.

What is the main difference between CNQQ and RWIN?

CNQQ is categorized as China Equities, while RWIN is Foreign Large Cap Equities. Their fees differ too: 0.75% for CNQQ and 0.42% for RWIN.