ONLN vs. CHIQ
Compare and contrast key facts about ProShares Online Retail ETF (ONLN) and Global X MSCI China Consumer Discretionary ETF (CHIQ).
ONLN and CHIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONLN is a passively managed fund by ProShares that tracks the performance of the ProShares Online Retail Index. It was launched on Jul 13, 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 ONLN 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: ONLN or CHIQ.
Key characteristics
| ONLN | CHIQ | |
|---|---|---|
| YTD Return | 5.18% | 1.42% |
| 1Y Return | 32.84% | 0.37% |
| 3Y Return (Ann) | -22.28% | -18.91% |
| 5Y Return (Ann) | -0.51% | 1.64% |
| Sharpe Ratio | 1.29 | 0.08 |
| Daily Std Dev | 25.62% | 29.69% |
| Max Drawdown | -71.77% | -67.04% |
| Current Drawdown | -58.99% | -57.74% |
Correlation
The correlation between ONLN 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
ONLN vs. CHIQ - Performance Comparison
In the year-to-date period, ONLN achieves a 5.18% return, which is significantly higher than CHIQ's 1.42% 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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ONLN vs. CHIQ - Expense Ratio Comparison
ONLN has a 0.58% expense ratio, which is lower than CHIQ's 0.65% expense ratio.
Risk-Adjusted Performance
ONLN vs. CHIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Online Retail ETF (ONLN) 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
ONLN vs. CHIQ - Dividend Comparison
ONLN's dividend yield for the trailing twelve months is around 0.12%, less than CHIQ's 2.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONLN ProShares Online Retail ETF | 0.12% | 0.00% | 0.00% | 0.00% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.23% | 2.26% | 0.38% | 0.00% | 0.11% | 1.05% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
Drawdowns
ONLN vs. CHIQ - Drawdown Comparison
The maximum ONLN drawdown since its inception was -71.77%, which is greater than CHIQ's maximum drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for ONLN and CHIQ. For additional features, visit the drawdowns tool.
Volatility
ONLN vs. CHIQ - Volatility Comparison
The current volatility for ProShares Online Retail ETF (ONLN) is 5.58%, while Global X MSCI China Consumer Discretionary ETF (CHIQ) has a volatility of 6.39%. This indicates that ONLN 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.