CNQQ vs. SHV
CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. Both are passively managed. At a correlation of -0.08, they often move in opposite directions. CNQQ charges 0.75%/yr vs 0.15%/yr for SHV.
Performance
CNQQ vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, CNQQ achieves a 10.04% return, which is significantly higher than SHV's 1.60% return.
CNQQ
- 1D
- -3.47%
- 1M
- 1.11%
- YTD
- 10.04%
- 6M
- 9.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.02%
- 1M
- 0.26%
- YTD
- 1.60%
- 6M
- 1.70%
- 1Y
- 3.83%
- 3Y*
- 4.61%
- 5Y*
- 3.35%
- 10Y*
- 2.23%
CNQQ vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 10.04% | -5.22% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.60% | 1.06% |
Correlation
The correlation between CNQQ and SHV is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | -0.08 |
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Return for Risk
CNQQ vs. SHV — Risk / Return Rank
CNQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHV
CNQQ vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 35.59 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 141.48 | — |
| Martin ratioReturn relative to average drawdown | — | 1,585.41 | — |
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Drawdowns
CNQQ vs. SHV - Drawdown Comparison
The maximum CNQQ drawdown since its inception was -17.82%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for CNQQ and SHV.
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Drawdown Indicators
| CNQQ | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.82% | -0.45% | -17.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -3.47% | 0.00% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -0.03% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
CNQQ vs. SHV - Volatility Comparison
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Volatility by Period
| CNQQ | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.33% | 0.21% | +25.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.33% | 0.29% | +25.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.33% | 0.28% | +25.05% |
CNQQ vs. SHV - Expense Ratio Comparison
CNQQ has a 0.75% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
CNQQ vs. SHV - Dividend Comparison
CNQQ's dividend yield for the trailing twelve months is around 0.23%, less than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 0.23% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
CNQQ and SHV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHV is cheaper with a 0.15% expense ratio, compared with 0.75% for CNQQ.
SHV has the higher dividend yield at 3.83%, compared with 0.23% for CNQQ.
CNQQ is categorized as China Equities, while SHV is Government Bonds. CNQQ tracks Solactive ChinaAMC Transformative China Tech, while SHV tracks ICE Short US Treasury Securities Index. They also come from different issuers: Rayliant and iShares. Their fees differ too: 0.75% for CNQQ and 0.15% for SHV.
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