CNXT vs. CNQQ

Last updated Jun 24, 2026

CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both China Equities funds - CNXT tracks the SME-ChiNext 100 Index while CNQQ tracks the Solactive ChinaAMC Transformative China Tech. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. CNXT charges 0.65%/yr vs 0.75%/yr for CNQQ.

Performance

CNXT vs. CNQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNXT achieves a 36.42% return, which is significantly higher than CNQQ's 10.04% return.

CNXT

• 1D: -4.05%
• 1M: 7.53%
• YTD: 36.42%
• 6M: 34.79%
• 1Y: 122.39%
• 3Y*: 28.78%
• 5Y*: 4.73%
• 10Y*: 7.44%

CNQQ

• 1D: -3.47%
• 1M: 1.11%
• YTD: 10.04%
• 6M: 9.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNXT vs. CNQQ - Yearly Performance Comparison

	2026 (YTD)	2025
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	36.42%	0.25%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	10.04%	-5.22%

Correlation

The correlation between CNXT and CNQQ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.84

Return for Risk

CNXT vs. CNQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNXT

CNXT Risk / Return Rank: 94
CNXT Sharpe Ratio Rank: 96
CNXT Sortino Ratio Rank: 93
CNXT Omega Ratio Rank: 90
CNXT Calmar Ratio Rank: 97
CNXT Martin Ratio Rank: 95

CNQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CNXT vs. CNQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). 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.

	CNXT	CNQQ	Difference
Sharpe ratio: Return per unit of total volatility	3.81	—	—
Sortino ratio: Return per unit of downside risk	4.38	—	—
Omega ratio: Gain probability vs. loss probability	1.56	—	—
Calmar ratio: Return relative to maximum drawdown	10.08	—	—
Martin ratio: Return relative to average drawdown	29.76	—	—

Drawdowns

CNXT vs. CNQQ - Drawdown Comparison

The maximum CNXT drawdown since its inception was -68.98%, which is greater than CNQQ's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for CNXT and CNQQ.

Drawdown Indicators

	CNXT	CNQQ	Difference
Max Drawdown Largest peak-to-trough decline	-68.98%	-17.82%	-51.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.30%	—	—
Current Drawdown Current decline from peak	-4.05%	-3.47%	-0.58%
Average Drawdown Average peak-to-trough decline	-42.76%	-8.81%	-33.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	—	—

Volatility

Volatility by Period

	CNXT	CNQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.27%	25.33%	+6.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.52%	25.33%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.77%	25.33%	+6.44%

CNXT vs. CNQQ - Expense Ratio Comparison

CNXT has a 0.65% expense ratio, which is lower than CNQQ's 0.75% expense ratio.

Dividends

CNXT vs. CNQQ - Dividend Comparison

CNXT's dividend yield for the trailing twelve months is around 0.13%, less than CNQQ's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	0.13%	0.18%	0.15%	0.00%	0.00%	9.22%	0.01%	0.45%	0.00%	0.19%

Frequently Asked Questions

Can I hold both CNXT and CNQQ in my portfolio?

CNXT and CNQQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CNXT or CNQQ?

On fees, CNXT is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNXT or CNQQ?

CNXT is cheaper with a 0.65% expense ratio, compared with 0.75% for CNQQ.

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

CNQQ has the higher dividend yield at 0.23%, compared with 0.13% for CNXT.

What is the main difference between CNXT and CNQQ?

CNXT tracks SME-ChiNext 100 Index, while CNQQ tracks Solactive ChinaAMC Transformative China Tech. They also come from different issuers: VanEck and Rayliant. Their fees differ too: 0.65% for CNXT and 0.75% for CNQQ.