CNQQ vs. RWLC

Last updated Jul 12, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and RWLC (Rayliant Wilshire NxtGen US Large Cap Equity ETF) are both exchange-traded funds - CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while RWLC is a Large Cap Blend Equities fund tracking the S&P 500. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. CNQQ charges 0.75%/yr vs 0.32%/yr for RWLC.

Performance

CNQQ vs. RWLC - Performance Comparison

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

Returns By Period

In the year-to-date period, CNQQ achieves a 10.89% return, which is significantly lower than RWLC's 13.61% return.

CNQQ

• 1D: -2.87%
• 1M: 4.30%
• 6M: 7.12%
• YTD: 10.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RWLC

• 1D: -0.01%
• 1M: 3.19%
• 6M: 12.70%
• YTD: 13.61%
• 1Y: 20.54%
• 3Y*: 23.38%
• 5Y*: —
• 10Y*: —

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

CNQQ vs. RWLC - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	10.89%	-5.22%
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	13.61%	1.30%

Correlation

The correlation between CNQQ and RWLC is 0.51, 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 26, 2025	0.51

Return for Risk

CNQQ vs. RWLC — 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.

RWLC

RWLC Risk / Return Rank: 52
RWLC Sharpe Ratio Rank: 49
RWLC Sortino Ratio Rank: 53
RWLC Omega Ratio Rank: 49
RWLC Calmar Ratio Rank: 53
RWLC Martin Ratio Rank: 56

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. RWLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC). 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	RWLC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.37	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.14	—
Martin ratio: Return relative to average drawdown	—	7.70	—

Drawdowns

CNQQ vs. RWLC - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum RWLC drawdown of -21.00%. Use the drawdown chart below to compare losses from any high point for CNQQ and RWLC.

Drawdown Indicators

	CNQQ	RWLC	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-21.00%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.20%	—
Current Drawdown Current decline from peak	-3.94%	-0.01%	-3.93%
Average Drawdown Average peak-to-trough decline	-8.47%	-5.35%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.59%	—

Volatility

Volatility by Period

	CNQQ	RWLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.76%	14.62%	+12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.76%	16.50%	+10.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.76%	16.50%	+10.26%

CNQQ vs. RWLC - Expense Ratio Comparison

CNQQ has a 0.75% expense ratio, which is higher than RWLC's 0.32% expense ratio.

Dividends

CNQQ vs. RWLC - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.34%, less than RWLC's 12.93% yield.

Position	TTM	2025	2024	2023	2022	2021
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.34%	0.09%	0.00%	0.00%	0.00%	0.00%
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	12.93%	14.69%	0.98%	1.63%	1.39%	0.01%

Frequently Asked Questions

Can I hold both CNQQ and RWLC in my portfolio?

CNQQ and RWLC have a correlation of 0.51, 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 RWLC?

On fees, RWLC is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNQQ or RWLC?

RWLC is cheaper with a 0.32% expense ratio, compared with 0.75% for CNQQ.

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

RWLC has the higher dividend yield at 12.93%, compared with 0.34% for CNQQ.

What is the main difference between CNQQ and RWLC?

CNQQ is categorized as China Equities, while RWLC is Large Cap Blend Equities. CNQQ tracks Solactive ChinaAMC Transformative China Tech, while RWLC tracks S&P 500. Their fees differ too: 0.75% for CNQQ and 0.32% for RWLC.