CNQQ vs. VWO
CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. Both are passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. CNQQ charges 0.75%/yr vs 0.08%/yr for VWO.
Performance
CNQQ vs. VWO - Performance Comparison
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Returns By Period
In the year-to-date period, CNQQ achieves a 1.50% return, which is significantly lower than VWO's 9.41% return.
CNQQ
- 1D
- 0.73%
- 1M
- -4.81%
- 6M
- -0.44%
- YTD
- 1.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VWO
- 1D
- 0.96%
- 1M
- -0.49%
- 6M
- 4.16%
- YTD
- 9.41%
- 1Y
- 21.69%
- 3Y*
- 14.84%
- 5Y*
- 6.08%
- 10Y*
- 7.86%
- ALL TIME*
- 6.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $685.05K | $467.08K | $508.55K | |
| $386.61M | $469.40M | $499.89M |
CNQQ vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 1.50% | -5.22% |
VWO Vanguard FTSE Emerging Markets ETF | 9.41% | 2.17% |
Correlation
The correlation between CNQQ and VWO is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.72 |
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Return for Risk
CNQQ vs. VWO — Risk / Return Rank
CNQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VWO
CNQQ vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.89 | — |
| Martin ratioReturn relative to average drawdown | — | 6.16 | — |
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Drawdowns
CNQQ vs. VWO - Drawdown Comparison
The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for CNQQ and VWO.
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Drawdown Indicators
| CNQQ | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.82% | -67.68% | +49.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.39% | — |
Current DrawdownCurrent decline from peak | -12.07% | -4.07% | -8.00% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -15.73% | +7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.43% | — |
Volatility
CNQQ vs. VWO - Volatility Comparison
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Volatility by Period
| CNQQ | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.77% | 17.58% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.77% | 17.56% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 19.17% | +8.60% |
CNQQ vs. VWO - Expense Ratio Comparison
CNQQ has a 0.75% expense ratio, which is higher than VWO's 0.08% expense ratio.
Dividends
CNQQ vs. VWO - Dividend Comparison
CNQQ's dividend yield for the trailing twelve months is around 0.39%, less than VWO's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 0.39% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.35% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
CNQQ and VWO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWO is cheaper with a 0.08% expense ratio, compared with 0.75% for CNQQ.
VWO has the higher dividend yield at 2.35%, compared with 0.39% for CNQQ.
CNQQ is categorized as China Equities, while VWO is Emerging Markets Equities. CNQQ tracks Solactive ChinaAMC Transformative China Tech, while VWO tracks FTSE Emerging Index. They also come from different issuers: Rayliant and Vanguard. Their fees differ too: 0.75% for CNQQ and 0.08% for VWO.
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