CNYA vs. CHIQ
Compare and contrast key facts about iShares MSCI China A ETF (CNYA) and Global X MSCI China Consumer Discretionary ETF (CHIQ).
CNYA and CHIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. 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 CNYA 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: CNYA or CHIQ.
Key characteristics
| CNYA | CHIQ | |
|---|---|---|
| YTD Return | 5.19% | 7.73% |
| 1Y Return | -12.34% | 6.50% |
| 3Y Return (Ann) | -11.11% | -16.07% |
| 5Y Return (Ann) | 2.18% | 4.36% |
| Sharpe Ratio | -0.65 | 0.19 |
| Daily Std Dev | 18.10% | 30.49% |
| Max Drawdown | -49.49% | -67.04% |
| Current Drawdown | -40.53% | -55.11% |
Correlation
The correlation between CNYA and CHIQ is 0.69, 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
CNYA vs. CHIQ - Performance Comparison
In the year-to-date period, CNYA achieves a 5.19% return, which is significantly lower than CHIQ's 7.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CNYA vs. CHIQ - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than CHIQ's 0.65% expense ratio.
Risk-Adjusted Performance
CNYA vs. CHIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) 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
CNYA vs. CHIQ - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 4.02%, more than CHIQ's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 4.02% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% | 0.00% | 0.00% |
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.10% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
Drawdowns
CNYA vs. CHIQ - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum CHIQ drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for CNYA and CHIQ. For additional features, visit the drawdowns tool.
Volatility
CNYA vs. CHIQ - Volatility Comparison
The current volatility for iShares MSCI China A ETF (CNYA) is 5.68%, while Global X MSCI China Consumer Discretionary ETF (CHIQ) has a volatility of 9.68%. This indicates that CNYA experiences smaller price fluctuations and is considered to be less risky than CHIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.