NBCE vs. CNQQ
NBCE (Neuberger Berman China Equity ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both China Equities funds. NBCE is actively managed, while CNQQ is passively managed. Their 0.80 correlation means they have sometimes moved together and sometimes differently. NBCE charges 0.74%/yr vs 0.75%/yr for CNQQ.
Performance
NBCE vs. CNQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NBCE achieves a 14.31% return, which is significantly higher than CNQQ's 0.42% return.
NBCE
- 1D
- -1.21%
- 1M
- -10.16%
- 6M
- 9.48%
- YTD
- 14.31%
- 1Y
- 41.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.47%
CNQQ
- 1D
- -1.06%
- 1M
- -5.82%
- 6M
- -0.67%
- YTD
- 0.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $683.34K | $447.18K | $510.19K | |
| $51.90K | $60.15K | $41.04K |
NBCE vs. CNQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBCE Neuberger Berman China Equity ETF | 14.31% | 3.63% |
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 0.42% | -5.22% |
Correlation
The correlation between NBCE and CNQQ is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.80 |
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Return for Risk
NBCE vs. CNQQ — Risk / Return Rank
NBCE
CNQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NBCE vs. CNQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman China Equity ETF (NBCE) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). 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.
| NBCE | CNQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | — | — |
| Martin ratioReturn relative to average drawdown | 8.73 | — | — |
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Drawdowns
NBCE vs. CNQQ - Drawdown Comparison
The maximum NBCE drawdown since its inception was -28.42%, which is greater than CNQQ's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for NBCE and CNQQ.
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Drawdown Indicators
| NBCE | CNQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -17.82% | -10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -17.60% | — | — |
Current DrawdownCurrent decline from peak | -16.15% | -13.00% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -8.58% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | — | — |
Volatility
NBCE vs. CNQQ - Volatility Comparison
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Volatility by Period
| NBCE | CNQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.62% | 27.73% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.02% | 27.73% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.02% | 27.73% | -2.71% |
NBCE vs. CNQQ - Expense Ratio Comparison
NBCE has a 0.74% expense ratio, which is lower than CNQQ's 0.75% expense ratio.
Dividends
NBCE vs. CNQQ - Dividend Comparison
NBCE's dividend yield for the trailing twelve months is around 1.16%, more than CNQQ's 0.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 0.40% | 0.09% | 0.00% |
NBCE Neuberger Berman China Equity ETF | 1.16% | 1.32% | 1.20% |
Frequently Asked Questions
NBCE and CNQQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBCE is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBCE is cheaper with a 0.74% expense ratio, compared with 0.75% for CNQQ.
NBCE has the higher dividend yield at 1.16%, compared with 0.40% for CNQQ.
They also come from different issuers: Neuberger Berman and Rayliant. Their fees differ too: 0.74% for NBCE and 0.75% for CNQQ.
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