CNQQ vs. XOMO

Last updated Aug 2, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both exchange-traded funds - CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech, while XOMO is a Derivative Income fund actively managed by YieldMax. CNQQ is passively managed, while XOMO is actively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. CNQQ charges 0.75%/yr vs 1.01%/yr for XOMO.

Performance

CNQQ vs. XOMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and YieldMax XOM Option Income Strategy ETF (XOMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQQ achieves a 1.50% return, which is significantly lower than XOMO's 20.26% return.

CNQQ

• 1D: 0.73%
• 1M: -4.81%
• 6M: -0.44%
• YTD: 1.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XOMO

• 1D: -1.31%
• 1M: 10.95%
• 6M: 6.18%
• YTD: 20.26%
• 1Y: 29.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	$685.05K	$467.08K	$508.55K
XOMO YieldMax XOM Option Income Strategy ETF	$613.93K	$674.71K	$709.58K

CNQQ vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	1.50%	-5.22%
XOMO YieldMax XOM Option Income Strategy ETF	20.26%	3.17%

Correlation

The correlation between CNQQ and XOMO is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	-0.21

Return for Risk

CNQQ vs. XOMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

XOMO

XOMO Risk / Return Rank: 51
XOMO Sharpe Ratio Rank: 58
XOMO Sortino Ratio Rank: 53
XOMO Omega Ratio Rank: 56
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CNQQ vs. XOMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and YieldMax XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.37	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.64	—
Martin ratio: Return relative to average drawdown	—	4.12	—

Drawdowns

CNQQ vs. XOMO - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum XOMO drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for CNQQ and XOMO.

Drawdown Indicators

	CNQQ	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-18.90%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.25%	—
Current Drawdown Current decline from peak	-12.07%	-7.57%	-4.50%
Average Drawdown Average peak-to-trough decline	-8.56%	-7.50%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.90%	—

Volatility

Volatility by Period

	CNQQ	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.77%	20.68%	+7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.77%	19.20%	+8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.77%	19.20%	+8.57%

CNQQ vs. XOMO - Expense Ratio Comparison

CNQQ has a 0.75% expense ratio, which is lower than XOMO's 1.01% expense ratio.

Dividends

CNQQ vs. XOMO - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.39%, less than XOMO's 37.04% yield.

Position	TTM	2025	2024	2023
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.39%	0.09%	0.00%	0.00%
XOMO YieldMax XOM Option Income Strategy ETF	37.04%	31.64%	26.94%	5.13%

Frequently Asked Questions

Can I hold both CNQQ and XOMO in my portfolio?

CNQQ and XOMO have a correlation of -0.21, 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 XOMO?

On fees, CNQQ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNQQ or XOMO?

CNQQ is cheaper with a 0.75% expense ratio, compared with 1.01% for XOMO.

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

XOMO has the higher dividend yield at 37.04%, compared with 0.39% for CNQQ.

What is the main difference between CNQQ and XOMO?

CNQQ is categorized as China Equities, while XOMO is Derivative Income. They also come from different issuers: Rayliant and YieldMax. Their fees differ too: 0.75% for CNQQ and 1.01% for XOMO.