CHIQ
Global X MSCI China Consumer Discretionary ETF
The Global X MSCI China Consumer Discretionary ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Consumer Discretionary Sector as per the Global Industry Classification System.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
220.1 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 01, 2009 |
| Assets (mns) | $220 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALIBABA GROUP HOLDING LTD. | 8.6 % |
| MEITUAN DIANPING | 8.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 8.2 % |
| JD.COM, INC. CLASS A | 7.5 % |
| BYD CO LTD-H | 6.0 % |
| TRIP.COM GROUP LTD. | 5.3 % |
| YUM CHINA HOLDINGS, INC. | 3.8 % |
| GEELY AUTOMOBILE HOLDINGS LT | 2.8 % |
| ANTA SPORTS PRODUCTS LTD | 2.7 % |
| LI AUTO, INC. CLASS A | 2.7 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 433 |
| Wgt avg mkt cap (mns) | $64,392 |
| Large cap (>$10bn) | 81.4% |
| Mid cap ($2-10bn) | 18.1% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 24.0% |
| Emerging mkts. | 76.0% |
Country Exposure
 |
CHINA | 93.5 % |
 |
HONG KONG | 6.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.5% | 8.9% | -0.2% | -11.2% | 2.5% | 5.2% | 2.3% | Volatility | 36.8% | 35.2% | 35.8% | 42.0% | 39.0% | 32.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.34 | 2% |
| MSCI EAFE | 0.88 | 12% |
| MSCI Emg Mkts | 1.83 | 53% |
Liquidity Measures
| Avg. volume (000) | 72 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $9,869 |
Technical Indicators
| Recent close | $19.76 |
| 30d moving avg. | $19.80 |
| Annualized volatility | 43.7% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CHIQ |
Expenses vs. CHIQ |
ALTAR Score™ vs. CHIQ |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 37.9% | +4 bp | -7.2% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 36.0% | +4 bp | -9.4% |
| FXI | iShares China Large-Cap ETF | 33.7% | +9 bp | +2.2% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 32.2% | -33 bp | +0.2% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 30.1% | +10 bp | -3.9% |
| MCHI | iShares MSCI China ETF | 29.7% | -6 bp | +2.5% |
| FDNI | First Trust Dow Jones International Internet ETF | 28.2% | 0 bp | -3.7% |
| FLCH | Franklin FTSE China ETF | 26.2% | -46 bp | +3.0% |
| MCH | Matthews China Active ETF | 24.4% | +14 bp | -0.4% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 23.3% | +21 bp | -4.1% |
Risk and Returns: CHIQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CHIQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
CHIQ
5.9%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. CHIQ's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places CHIQ in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CHIQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| CHIQ (65 bp) Percentile rank | 51 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CHIQ | 65.0 | 25.3 | 90.3 |
| Peer Avg. | 64.9 | 45.4 | 110.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .