CNXT vs. CHIQ
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Global X MSCI China Consumer Discretionary ETF (CHIQ).
CNXT and CHIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. CHIQ is a passively managed fund by Global X that tracks the performance of the MSCI China Consumer Discretionary 10/50 Index. It was launched on Nov 30, 2009. Both CNXT and CHIQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNXT or CHIQ.
Key characteristics
| CNXT | CHIQ | |
|---|---|---|
| YTD Return | 27.49% | 19.53% |
| 1Y Return | 23.40% | 20.34% |
| 3Y Return (Ann) | -14.51% | -11.20% |
| 5Y Return (Ann) | 4.08% | 4.21% |
| 10Y Return (Ann) | 1.85% | 5.87% |
| Sharpe Ratio | 0.44 | 0.57 |
| Sortino Ratio | 1.08 | 1.07 |
| Omega Ratio | 1.16 | 1.13 |
| Calmar Ratio | 0.34 | 0.32 |
| Martin Ratio | 1.39 | 1.76 |
| Ulcer Index | 16.55% | 11.66% |
| Daily Std Dev | 52.17% | 35.98% |
| Max Drawdown | -68.98% | -67.04% |
| Current Drawdown | -47.83% | -50.19% |
Correlation
The correlation between CNXT and CHIQ is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CNXT vs. CHIQ - Performance Comparison
In the year-to-date period, CNXT achieves a 27.49% return, which is significantly higher than CHIQ's 19.53% return. Over the past 10 years, CNXT has underperformed CHIQ with an annualized return of 1.85%, while CHIQ has yielded a comparatively higher 5.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CNXT vs. CHIQ - Expense Ratio Comparison
Both CNXT and CHIQ have an expense ratio of 0.65%.
Risk-Adjusted Performance
CNXT vs. CHIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Global X MSCI China Consumer Discretionary ETF (CHIQ). 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.
Dividends
CNXT vs. CHIQ - Dividend Comparison
CNXT has not paid dividends to shareholders, while CHIQ's dividend yield for the trailing twelve months is around 2.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.00% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.38% | 2.26% | 0.38% | 0.00% | 0.11% | 1.04% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
Drawdowns
CNXT vs. CHIQ - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, roughly equal to the maximum CHIQ drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for CNXT and CHIQ. For additional features, visit the drawdowns tool.
Volatility
CNXT vs. CHIQ - Volatility Comparison
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a higher volatility of 21.08% compared to Global X MSCI China Consumer Discretionary ETF (CHIQ) at 13.25%. This indicates that CNXT's price experiences larger fluctuations and is considered to be riskier than CHIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.