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 -6.48%/yr vs -13.15%/yr for CHIQ. At a 0.33 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 -14.08% return, which is significantly higher than CHIQ's -24.52% return.
ISVBF
- 1D
- -1.68%
- 1M
- -5.25%
- YTD
- -14.08%
- 6M
- -14.23%
- 1Y
- -5.03%
- 3Y*
- 8.21%
- 5Y*
- -6.48%
- 10Y*
- —
CHIQ
- 1D
- -1.95%
- 1M
- -13.48%
- YTD
- -24.52%
- 6M
- -25.41%
- 1Y
- -24.60%
- 3Y*
- -1.32%
- 5Y*
- -13.15%
- 10Y*
- 5.83%
ISVBF vs. CHIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -14.08% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
CHIQ Global X MSCI China Consumer Discretionary ETF | -24.52% | 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 | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.33 |
Over the past year, ISVBF and CHIQ have become more correlated (0.62) than their long-term average of 0.33, 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 | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.83 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.72 | +0.49 |
| Martin ratioReturn relative to average drawdown | -0.54 | -1.78 | +1.24 |
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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 | -21.97% | -34.18% | +12.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -34.18% | +10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -59.95% | +7.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.04% | — |
Current DrawdownCurrent decline from peak | -30.36% | -60.40% | +30.04% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -30.69% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.28% | 13.85% | -4.57% |
Volatility
ISVBF vs. CHIQ - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 8.48% compared to Global X MSCI China Consumer Discretionary ETF (CHIQ) at 6.65%. This indicates that ISVBF'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.
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Volatility by Period
| ISVBF | CHIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 6.65% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 16.23% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 22.45% | +8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 37.75% | -7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 32.43% | -2.28% |
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 1.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 1.96% | 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 (8.48%) compared to CHIQ (6.65%). In terms of maximum drawdown, ISVBF dropped -53.78% vs CHIQ's -67.04%.
On 5-year performance, ISVBF leads with -6.48% vs -13.15% for CHIQ. On fees, ISVBF is cheaper at 0.40% per year. On volatility, CHIQ has been the lower-risk option at 6.65%. 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 -6.48% return vs -13.15%. 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 1.96%, 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 (-0.16 vs -1.11), 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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