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ETFs

Global X MSCI China Information Technology ETF

CHIK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 07 2018
Expense Ratio
0.65%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$7,493
AUM
$13,961,884
Associated Index
MSCI China Information Technology 10/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

1810
Xiaomi Corporation - Ordinary Shares - Class B
8.76%
992
Lenovo Group Ltd.
6.26%
2382
Sunny Optical Technology (Group) Co., Ltd.
5.87%
968
Xinyi Solar Holdings Limited
4.60%
268
Kingdee Intl Software Group
3.40%
3800
GCL Technology Holdings Limited
3.36%
763
ZTE Corp. - Ordinary Shares - Class H
2.42%
DQ
Daqo New Energy Corp - ADR
2.11%
285
BYD Electronic (International) Co., Ltd.
2.11%
1347
Hua Hong Semiconductor Limited - Ordinary Shares - Class H
1.97%
Invest with CHIK

What is CHIK?

The Global X MSCI China Information Technology ETF (CHIK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Information Technology 10/50 Index. The MSCI China Information Technology 10/50 Index is designed to capture the large- and mid-capitalization segments of securities included in the MSCI China Index that are classi ed in the Information Technology Sector as per the Global Industry Classi cation Standard (GICS). The Index incorporates all eligible securities as per MSCI s Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings (e.g., American Depository Receipts). Additionally, the Index utilizes a 10/50 concentration constraint whereby the weight of each group entity in the Index is capped at 10% and the cumulative weight of all group entities with a weight in excess of 5% does not exceed 50% of the Index by weight.

ETFs related toCHIK

ETFs correlated to CHIK include CQQQ, GXC, CXSE

CHIK
Global X Funds - Global X MSCI China Information Technology ETF
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF
GXC
SSgA Active Trust - SPDR S&P China ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
CNYA
BlackRock Institutional Trust Company N.A. - iShares MSCI China A ETF
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
EEMA
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Asia ETF
AAXJ
BlackRock Institutional Trust Company N.A. - iShares MSCI All Country Asia ex Japan ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCHIK

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CHIK using Composer

FAQ

CHIK is a Global Ex. US Equities ETF. The Global X MSCI China Information Technology ETF (CHIK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Information Technology 10/50 Index. The MSCI China Information Technology 10/50 Index is designed to capture the large- and mid-capitalization segments of securities included in the MSCI China Index that are classi ed in the Information Technology Sector as per the Global Industry Classi cation Standard (GICS). The Index incorporates all eligible securities as per MSCI s Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings (e.g., American Depository Receipts). Additionally, the Index utilizes a 10/50 concentration constraint whereby the weight of each group entity in the Index is capped at 10% and the cumulative weight of all group entities with a weight in excess of 5% does not exceed 50% of the Index by weight.

CHIK tracks the MSCI China Information Technology 10/50 Index.

No, CHIK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CHIK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CHIK is -0.0362%. This is the percent change in the value of CHIK over the most recent 1-month period. The 3-month return on CHIK is -0.1038%. This is the percent change in the value of CHIK over the most recent 3-month period.

The standard deviation of CHIK for the past year is 0.2906%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CHIK include KWEB, GDX, and IXJ.

ETFs correlated to CHIK include CQQQ, GXC, and CXSE.

ETFs that are inversely correlated to CHIK include YANG, EDZ, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.