ICHKX vs. TDF
ICHKX (Guinness Atkinson China And Hong Kong Fund) and TDF (Templeton Dragon Fund Inc.) are both China Equities funds. Over the past 10 years, ICHKX returned 3.45%/yr vs 4.22%/yr for TDF. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
ICHKX vs. TDF - Performance Comparison
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Returns By Period
In the year-to-date period, ICHKX achieves a -0.86% return, which is significantly higher than TDF's -2.09% return. Over the past 10 years, ICHKX has underperformed TDF with an annualized return of 3.45%, while TDF has yielded a comparatively higher 4.22% annualized return.
ICHKX
- 1D
- -0.37%
- 1M
- 9.73%
- 6M
- -4.62%
- YTD
- -0.86%
- 1Y
- 11.42%
- 3Y*
- 3.41%
- 5Y*
- -4.34%
- 10Y*
- 3.45%
- ALL TIME*
- 4.96%
TDF
- 1D
- 0.28%
- 1M
- 0.37%
- 6M
- -6.09%
- YTD
- -2.09%
- 1Y
- 11.07%
- 3Y*
- 6.15%
- 5Y*
- -7.36%
- 10Y*
- 4.22%
- ALL TIME*
- 8.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $579.63K | $585.32K | $749.50K |
ICHKX vs. TDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICHKX Guinness Atkinson China And Hong Kong Fund | -0.86% | 28.97% | 0.05% | -14.52% | -23.67% | -6.90% | 14.58% | 30.08% | -20.50% | 49.07% |
TDF Templeton Dragon Fund Inc. | -2.09% | 37.70% | 5.44% | -20.06% | -32.93% | -18.02% | 52.98% | 27.97% | -11.80% | 42.09% |
Correlation
The correlation between ICHKX and TDF is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 1995 | 0.62 |
The correlation between ICHKX and TDF shifts across timeframes, from 0.62 (all time) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ICHKX vs. TDF — Risk / Return Rank
ICHKX
TDF
ICHKX vs. TDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson China And Hong Kong Fund (ICHKX) and Templeton Dragon Fund Inc. (TDF). 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.
| ICHKX | TDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.80 | -0.25 |
| Martin ratioReturn relative to average drawdown | 1.57 | 1.76 | -0.19 |
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Drawdowns
ICHKX vs. TDF - Drawdown Comparison
The maximum ICHKX drawdown since its inception was -70.67%, roughly equal to the maximum TDF drawdown of -68.15%. Use the drawdown chart below to compare losses from any high point for ICHKX and TDF.
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Drawdown Indicators
| ICHKX | TDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -68.15% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -18.33% | -13.95% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.21% | -25.44% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -48.88% | -58.24% | +9.36% |
Max Drawdown (10Y)Largest decline over 10 years | -58.39% | -66.87% | +8.48% |
Current DrawdownCurrent decline from peak | -36.91% | -46.84% | +9.93% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -22.69% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 6.32% | +0.01% |
Volatility
ICHKX vs. TDF - Volatility Comparison
Guinness Atkinson China And Hong Kong Fund (ICHKX) has a higher volatility of 5.67% compared to Templeton Dragon Fund Inc. (TDF) at 5.16%. This indicates that ICHKX's price experiences larger fluctuations and is considered to be riskier than TDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICHKX | TDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 5.16% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 13.69% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 18.89% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 26.94% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.45% | 24.00% | -1.55% |
Dividends
ICHKX vs. TDF - Dividend Comparison
ICHKX's dividend yield for the trailing twelve months is around 1.07%, less than TDF's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICHKX Guinness Atkinson China And Hong Kong Fund | 1.07% | 1.06% | 1.11% | 0.74% | 0.86% | 20.44% | 3.57% | 4.37% | 12.53% | 6.76% | 5.31% | 12.25% |
TDF Templeton Dragon Fund Inc. | 4.18% | 3.55% | 1.36% | 0.00% | 12.73% | 14.13% | 24.72% | 10.75% | 12.43% | 7.95% | 10.34% | 22.49% |
Frequently Asked Questions
ICHKX and TDF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICHKX has higher volatility (5.67%) compared to TDF (5.16%). In terms of maximum drawdown, ICHKX dropped -70.67% vs TDF's -68.15%.
TDF currently has the higher Sharpe Ratio (0.59 vs 0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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