KURE vs. CHIQ
Compare and contrast key facts about KraneShares MSCI All China Health Care Index ETF (KURE) and Global X MSCI China Consumer Discretionary ETF (CHIQ).
KURE and CHIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KURE is a passively managed fund by CICC that tracks the performance of the MSCI China All Shares Health Care 10/40 Index. It was launched on Feb 1, 2018. 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 KURE 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: KURE or CHIQ.
Key characteristics
| KURE | CHIQ | |
|---|---|---|
| YTD Return | -9.81% | 19.53% |
| 1Y Return | -14.40% | 20.34% |
| 3Y Return (Ann) | -19.48% | -11.20% |
| 5Y Return (Ann) | -5.10% | 4.21% |
| Sharpe Ratio | -0.43 | 0.57 |
| Sortino Ratio | -0.43 | 1.07 |
| Omega Ratio | 0.95 | 1.13 |
| Calmar Ratio | -0.21 | 0.32 |
| Martin Ratio | -0.67 | 1.76 |
| Ulcer Index | 21.63% | 11.66% |
| Daily Std Dev | 33.51% | 35.98% |
| Max Drawdown | -68.53% | -67.04% |
| Current Drawdown | -61.72% | -50.19% |
Correlation
The correlation between KURE and CHIQ is 0.66, 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
KURE vs. CHIQ - Performance Comparison
In the year-to-date period, KURE achieves a -9.81% return, which is significantly lower than CHIQ's 19.53% 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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KURE vs. CHIQ - Expense Ratio Comparison
Both KURE and CHIQ have an expense ratio of 0.65%.
Risk-Adjusted Performance
KURE vs. CHIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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
KURE vs. CHIQ - Dividend Comparison
KURE's dividend yield for the trailing twelve months is around 0.72%, less than CHIQ's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 0.72% | 0.65% | 0.05% | 14.12% | 0.00% | 0.25% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.38% | 2.26% | 0.38% | 0.00% | 0.11% | 1.04% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
Drawdowns
KURE vs. CHIQ - Drawdown Comparison
The maximum KURE drawdown since its inception was -68.53%, roughly equal to the maximum CHIQ drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for KURE and CHIQ. For additional features, visit the drawdowns tool.
Volatility
KURE vs. CHIQ - Volatility Comparison
The current volatility for KraneShares MSCI All China Health Care Index ETF (KURE) is 11.85%, while Global X MSCI China Consumer Discretionary ETF (CHIQ) has a volatility of 13.25%. This indicates that KURE 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.