ISVBF vs. CHIQ
ISVBF (iShares MSCI China A UCITS ETF) and CHIQ (Global X MSCI China Consumer Discretionary ETF) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while CHIQ tracks the MSCI China Consumer Discretionary 10/50 Index. Both are passively managed. Over the past 5 years, ISVBF returned -5.34%/yr vs -10.19%/yr for CHIQ. At a 0.34 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.65%/yr for CHIQ.
Performance
ISVBF vs. CHIQ - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -8.71% return, which is significantly higher than CHIQ's -16.55% return.
ISVBF
- 1D
- 1.84%
- 1M
- -1.17%
- 6M
- -13.00%
- YTD
- -8.71%
- 1Y
- -1.01%
- 3Y*
- 8.64%
- 5Y*
- -5.34%
- 10Y*
- —
CHIQ
- 1D
- 2.74%
- 1M
- -0.47%
- 6M
- -17.42%
- YTD
- -16.55%
- 1Y
- -16.73%
- 3Y*
- -0.91%
- 5Y*
- -10.19%
- 10Y*
- 6.13%
ISVBF vs. CHIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -8.71% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
CHIQ Global X MSCI China Consumer Discretionary ETF | -16.55% | 13.69% | 10.74% | -10.70% | -22.01% | -21.79% |
Correlation
The correlation between ISVBF and CHIQ is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.34 |
Over the past year, ISVBF and CHIQ have become more correlated (0.62) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. CHIQ — Risk / Return Rank
ISVBF
CHIQ
ISVBF vs. CHIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
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.
| ISVBF | CHIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.89 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.47 | +0.43 |
| Martin ratioReturn relative to average drawdown | -0.10 | -1.06 | +0.97 |
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Drawdowns
ISVBF vs. CHIQ - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum CHIQ drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for ISVBF and CHIQ.
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Drawdown Indicators
| ISVBF | CHIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -67.04% | +13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -24.14% | -35.53% | +11.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -35.53% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -56.55% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.04% | — |
Current DrawdownCurrent decline from peak | -26.01% | -56.22% | +30.21% |
Average DrawdownAverage peak-to-trough decline | -32.64% | -30.79% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 15.74% | -5.25% |
Volatility
ISVBF vs. CHIQ - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) and Global X MSCI China Consumer Discretionary ETF (CHIQ) have volatilities of 7.72% and 7.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | CHIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 7.67% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 27.02% | 16.38% | +10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 22.90% | +8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.46% | 37.73% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 32.44% | -2.31% |
ISVBF vs. CHIQ - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than CHIQ's 0.65% expense ratio.
Dividends
ISVBF vs. CHIQ - Dividend Comparison
ISVBF has not paid dividends to shareholders, while CHIQ's dividend yield for the trailing twelve months is around 1.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.62% | 1.48% | 2.65% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISVBF and CHIQ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.72%) compared to CHIQ (7.67%). In terms of maximum drawdown, ISVBF dropped -53.78% vs CHIQ's -67.04%.
On 5-year performance, ISVBF leads with -5.34% vs -10.19% for CHIQ. On fees, ISVBF is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -5.34% return vs -10.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for CHIQ.
CHIQ has the higher dividend yield at 1.62%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while CHIQ tracks MSCI China Consumer Discretionary 10/50 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for ISVBF and 0.65% for CHIQ.
ISVBF currently has the higher Sharpe Ratio (-0.03 vs -0.74), 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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