RBCIX vs. ICHKX

Last updated Jun 23, 2026

RBCIX (RBC China Equity Fund) and ICHKX (Guinness Atkinson China And Hong Kong Fund) are both China Equities funds. Over the past 3 years, RBCIX returned 14.52%/yr vs 1.48%/yr for ICHKX. Their correlation of 0.84 suggests significant overlap in exposure. RBCIX charges 1.05%/yr vs 1.71%/yr for ICHKX.

Performance

RBCIX vs. ICHKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC China Equity Fund (RBCIX) and Guinness Atkinson China And Hong Kong Fund (ICHKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBCIX achieves a 1.05% return, which is significantly higher than ICHKX's -6.77% return.

RBCIX

• 1D: 1.71%
• 1M: -1.26%
• YTD: 1.05%
• 6M: 1.63%
• 1Y: 34.61%
• 3Y*: 14.52%
• 5Y*: —
• 10Y*: —

ICHKX

• 1D: -0.79%
• 1M: -6.94%
• YTD: -6.77%
• 6M: -7.39%
• 1Y: 10.53%
• 3Y*: 1.48%
• 5Y*: -6.72%
• 10Y*: 3.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RBCIX vs. ICHKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RBCIX RBC China Equity Fund	1.05%	50.92%	6.24%	-9.64%	-7.64%
ICHKX Guinness Atkinson China And Hong Kong Fund	-6.77%	28.97%	0.05%	-14.52%	-10.08%

Correlation

The correlation between RBCIX and ICHKX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022	0.84

The correlation between RBCIX and ICHKX has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

RBCIX vs. ICHKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RBCIX

RBCIX Risk / Return Rank: 36
RBCIX Sharpe Ratio Rank: 36
RBCIX Sortino Ratio Rank: 33
RBCIX Omega Ratio Rank: 34
RBCIX Calmar Ratio Rank: 46
RBCIX Martin Ratio Rank: 30

ICHKX

ICHKX Risk / Return Rank: 8
ICHKX Sharpe Ratio Rank: 8
ICHKX Sortino Ratio Rank: 8
ICHKX Omega Ratio Rank: 8
ICHKX Calmar Ratio Rank: 8
ICHKX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RBCIX vs. ICHKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC China Equity Fund (RBCIX) and Guinness Atkinson China And Hong Kong Fund (ICHKX). 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.

	RBCIX	ICHKX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	0.60	+1.02
Sortino ratio: Return per unit of downside risk	2.23	0.95	+1.28
Omega ratio: Gain probability vs. loss probability	1.29	1.11	+0.17
Calmar ratio: Return relative to maximum drawdown	2.48	0.74	+1.74
Martin ratio: Return relative to average drawdown	6.46	2.22	+4.24

RBCIX vs. ICHKX - Sharpe Ratio Comparison

The current RBCIX Sharpe Ratio is 1.62, which is higher than the ICHKX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of RBCIX and ICHKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RBCIX vs. ICHKX - Drawdown Comparison

The maximum RBCIX drawdown since its inception was -32.45%, smaller than the maximum ICHKX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for RBCIX and ICHKX.

Drawdown Indicators

	RBCIX	ICHKX	Difference
Max Drawdown Largest peak-to-trough decline	-32.45%	-70.67%	+38.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-13.17%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-25.67%	-28.10%	+2.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-51.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.39%	—
Current Drawdown Current decline from peak	-8.23%	-40.67%	+32.44%
Average Drawdown Average peak-to-trough decline	-13.63%	-27.22%	+13.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	4.40%	+0.76%

Volatility

RBCIX vs. ICHKX - Volatility Comparison

RBC China Equity Fund (RBCIX) has a higher volatility of 7.21% compared to Guinness Atkinson China And Hong Kong Fund (ICHKX) at 4.93%. This indicates that RBCIX's price experiences larger fluctuations and is considered to be riskier than ICHKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBCIX	ICHKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	4.93%	+2.28%
Volatility (6M) Calculated over the trailing 6-month period	15.44%	11.45%	+3.99%
Volatility (1Y) Calculated over the trailing 1-year period	20.66%	16.29%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.03%	23.70%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.03%	22.43%	+3.60%

RBCIX vs. ICHKX - Expense Ratio Comparison

RBCIX has a 1.05% expense ratio, which is lower than ICHKX's 1.71% expense ratio.

Dividends

RBCIX vs. ICHKX - Dividend Comparison

RBCIX's dividend yield for the trailing twelve months is around 3.62%, more than ICHKX's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICHKX Guinness Atkinson China And Hong Kong Fund	1.13%	1.06%	1.11%	0.74%	0.86%	20.44%	3.57%	4.37%	12.53%	6.76%	5.31%	12.25%
RBCIX RBC China Equity Fund	3.62%	3.66%	2.01%	1.20%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RBCIX and ICHKX in my portfolio?

RBCIX and ICHKX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RBCIX or ICHKX?

RBCIX has higher volatility (7.21%) compared to ICHKX (4.93%). In terms of maximum drawdown, RBCIX dropped -32.45% vs ICHKX's -70.67%.

Which has better risk-adjusted returns?

RBCIX currently has the higher Sharpe Ratio (1.62 vs 0.60), 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.