Category Review
Index option income was not one bet this year
Rayliant-ChinaAMC Transformative China Tech ETF
$20.83+0.07 (+0.34%)
- 0.75%
- $44M
- −11.7%
- 0M sh
- $21.22
- low $20.71high $26.79
The ETF.net CNQQ Grade
D
Score 36 out of 100
- 27 of 30
Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D31 out of 100Rank 21 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 17 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F20 out of 100Rank 26 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 12 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 22 of 30
Our read on CNQQ
DA thematic slice of China tech instead of the whole market: CNQQ tracks a Solactive index built with ChinaAMC around companies driving China's tech transformation, across mainland China and Hong Kong.
The Fund seeks to track, before fees and expenses, the Solactive ChinaAMC Transformative China Tech Index.
Why people hold it
- Not another all-of-China index fund. It follows the Solactive ChinaAMC Transformative China Tech Index, a rules-based screen pointed at China's tech transformers.
- Passive by design: the index picks the holdings, not a manager's conviction, so the rulebook you own is published rather than discretionary.
- A US-listed 1940 Act fund giving mainland China and Hong Kong equity exposure in dollars, with distributions paid quarterly.
Worth knowing
- At 0.75%, it sits above the median fee for China single-country funds. Broad alternatives cost far less: FLCH at 0.19%, JCHI at 0.15%.
- A small, lightly traded fund, so spreads and premiums or discounts can run wider than at the category's household names.
- It launched in September 2025, so the record of how closely it hugs its index is still short, and a concentrated tech theme moves harder than broad China exposure.
CNQQ Holdings
- Stocks
- 101
- 47%
- 9988.HK
Geography
- China99.59%
- Hong Kong0.41%
Developed 0% · Emerging 100%
CNQQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CNQQ$8,834
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CNQQ |
|---|---|
| Year to date | −10.5% |
| 1 month | −6.7% |
| 3 months | −19.2% |
| 1 year | −11.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CNQQ |
|---|---|---|
| 2026 YTD | −10.5% | |
| 2025 | −6.9% |
CNQQ in the news
CNQQ Dividends
- $0.0033 per share
- Irregular
Distribution data unavailable.
Distribution history
CNQQ Risk
- 21.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.85
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CNQQ Cost
0.75%
CNQQ0.75%
- The middle half of China funds
- Median 0.65%
19 of the 29 China funds charge less.
Other funds in China
- DCASSimplify China A Shares PLUS Income ETFExpense ratio 0.88%1 year return +11.5%
- DMCHSMatthews China Discovery Active ETF MCHSExpense ratio 0.99%1 year return +21.0%
- DCGROCoreValues Alpha Greater China Growth ETFExpense ratio 0.85%1 year return −27.9%
- DKTECKraneShares Hang Seng TECH Index ETFExpense ratio 0.69%1 year return −31.4%
- DKSTRKraneShares China Technology & Semiconductor STAR 50 Index ETFExpense ratio 0.89%1 year return +10.9%