RWIN vs. CNQQ

Last updated Aug 5, 2026

RWIN (Rayliant NxtGen Multifactor International Equity ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both exchange-traded funds - RWIN is a Foreign Large Cap Equities fund actively managed by Rayliant, while CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech. RWIN is actively managed, while CNQQ is passively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. RWIN charges 0.42%/yr vs 0.75%/yr for CNQQ.

Performance

RWIN vs. CNQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant NxtGen Multifactor International Equity ETF (RWIN) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RWIN

• 1D: 1.12%
• 1M: 4.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CNQQ

• 1D: 2.86%
• 1M: -3.13%
• 6M: 3.24%
• YTD: 3.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	$711.37K	$443.55K	$514.47K
RWIN Rayliant NxtGen Multifactor International Equity ETF	$5.81K	$6.02K	$8.35K

RWIN vs. CNQQ - Yearly Performance Comparison

	2026 (YTD)
RWIN Rayliant NxtGen Multifactor International Equity ETF	6.52%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	11.93%

Correlation

The correlation between RWIN and CNQQ is 0.50, 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 Apr 8, 2026	0.50

Return for Risk

RWIN vs. CNQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant NxtGen Multifactor International Equity ETF (RWIN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

RWIN vs. CNQQ - Drawdown Comparison

The maximum RWIN drawdown since its inception was -4.09%, smaller than the maximum CNQQ drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for RWIN and CNQQ.

Drawdown Indicators

	RWIN	CNQQ	Difference
Max Drawdown Largest peak-to-trough decline	-4.09%	-17.82%	+13.73%
Current Drawdown Current decline from peak	0.00%	-10.52%	+10.52%
Average Drawdown Average peak-to-trough decline	-1.19%	-8.59%	+7.40%

Volatility

Volatility by Period

	RWIN	CNQQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	27.84%	-13.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	27.84%	-13.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	27.84%	-13.10%

RWIN vs. CNQQ - Expense Ratio Comparison

RWIN has a 0.42% expense ratio, which is lower than CNQQ's 0.75% expense ratio.

Dividends

RWIN vs. CNQQ - Dividend Comparison

RWIN's dividend yield for the trailing twelve months is around 0.97%, more than CNQQ's 0.39% yield.

Position	TTM	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.39%	0.09%
RWIN Rayliant NxtGen Multifactor International Equity ETF	0.97%	0.00%

Frequently Asked Questions

Can I hold both RWIN and CNQQ in my portfolio?

RWIN and CNQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RWIN or CNQQ?

On fees, RWIN is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RWIN or CNQQ?

RWIN is cheaper with a 0.42% expense ratio, compared with 0.75% for CNQQ.

Which ETF pays a higher dividend yield, RWIN or CNQQ?

RWIN has the higher dividend yield at 0.97%, compared with 0.39% for CNQQ.

What is the main difference between RWIN and CNQQ?

RWIN is categorized as Foreign Large Cap Equities, while CNQQ is China Equities. Their fees differ too: 0.42% for RWIN and 0.75% for CNQQ.