Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) Performance
CNQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −16.9% since Dec 31, 2025
- 1 year
- −19.7% total return
- Since first price
- −21.8% since 2025
CNQQ trailing returns vs SPY, QQQ, AGG
| Period | CNQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.9% | −14.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −19.6% | −19.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.7% | −19.0% | +7.8% | +8.4% | −1.5% |
| YTD | −16.9% | −17.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −19.7% | −20.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 26, 2025 | −21.8% | −22.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CNQQ vs SPY
From Sep 26, 2025: CNQQ grew to $7,817, SPY to $11,607.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CNQQ returns by calendar year
2026 is year to date.
CNQQ annual returns table
| Year | CNQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −16.9% | −29.0% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CNQQ largest drawdowns
Now 28.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2026 | −29.0% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
| Oct 2, 2025 | −17.8% | Apr 7, 2026 | May 13, 2026 | 6 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CNQQ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −15.5% |
| Volatility (annualized) | 21.7% |
| Sharpe ratio | -0.84 |
| Sortino ratio | -1.05 |
| Best month | +10.7% |
| Worst month | −12.1% |
| Best 12 months | −15.5% |
| Worst 12 months | −15.5% |
| Positive months | 42% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CNQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 2 | −20.2% | −17.9% | −15.5% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CNQQ performance overview
Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) returned −19.7% over the past year, with distributions reinvested. Since its first recorded price on Sep 26, 2025 it has returned −21.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.0%, from Jun 30, 2026 to Oct 22, 2026; the fund has not yet regained that high. Volatility has been 21.7% a year.
Related: CNQQ chart, CNQQ holdings, CNQQ dividends. See the CNQQ overview for the latest quote and fund facts.
CNQQ performance FAQ
What is the CNQQ return over the past year?
CNQQ returned −19.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 20.0%.
How much would $10,000 invested in CNQQ be worth?
$10,000 invested in CNQQ at its first recorded close on September 26, 2025 would be worth about $7,817 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CNQQ?
The largest peak-to-trough decline was −29.0% between June 30, 2026 and October 22, 2026. It has not yet recovered to that high; it is 28.0% below its peak.
How volatile is CNQQ?
Over the past history CNQQ had an annualized volatility of 21.7% and a Sharpe ratio of -0.84 (excess return over 1–3 month T-bills per unit of risk).