A World in One Basket: Indices, ETFs, Returns and Risk

Understand the tools

An index is a list with rules.
An ETF turns it into something you can own.

Imagine a street of businesses: a bakery, a pharmacy, a bank and a software company. Buying a share means owning a small part of one business. Buying a broad-market index ETF means holding a group of businesses according to a set of rules.

An index defines who is included and how much each constituent counts, then records their combined performance as a number. The index itself is not an asset you can buy directly. A fund pools investors’ money to buy assets; an ETF is a fund structure whose shares trade on an exchange. Many familiar broad-market ETFs track indices, while other ETFs are actively managed. [1]

A share

Ownership in one company

Who creates the value?

An index

Constituents, weights and rules

How are companies combined?

An index ETF

A portfolio tracking the list

How can you hold it?

Understand the assets, then the rules, then the product.

Similar names can hide different holdings. Different names can hold the same things.

The S&P 500 is an index. SPY, IVV and VOO are funds from different issuers that track it. Buying all three mainly increases your number of products; it does not automatically triple your diversification. Conversely, the CSI 500 and CSI A500 both contain “500,” but use different selection rules and market coverage.

Listing market ≠ investment market ≠ return currency

ASHR trades in the U.S. and invests in Chinese A-shares. A mainland-listed cross-border ETF can invest in the U.S. If you measure a dollar asset’s return in renminbi, exchange-rate movements also enter the calculation.

The same list can produce different results.

Market-cap weighting gives companies with larger investable market values more influence. Equal weighting seeks an even allocation at rebalancing. The Dow Jones Industrial Average uses share-price weighting. If two shares return 10% and 0%, an equal-weight portfolio returns about 5%; if the first share has a 90% weight, the portfolio returns about 9%. Weighting is itself a choice.

Also distinguish a price index from a total-return index. The former primarily tracks price changes; the latter assumes reinvestment of distributions. Omitting dividends can change a long-term comparison. Index levels alone do not tell you whether a market is cheap: each index has its own starting level.

Know the markets

Three markets.
Many ways to see the world.

Start with broad benchmarks that span industries, then explore company size, sectors and strategies. This is a map of roles, not a set of interchangeable portfolios. Similar labels can conceal different industry mixes, valuations, policies and currencies.

Mainland China · A-shares

From size to industry

The CSI 300, CSI 500 and CSI 1000 form successive size segments. The CSI A500 emphasizes industry representation. STAR 50 and ChiNext have distinct board and industry characteristics.

Explore A-shares ↗

Hong Kong · Listed equities

Several views of China

The Hang Seng Index spans industries. The Hang Seng China Enterprises Index includes both state-owned and private companies. Hang Seng TECH selects 30 companies meeting its technology-theme criteria.

Explore Hong Kong ↗

United States · Listed equities

Beyond the biggest names

The S&P 500 tracks large U.S. companies. Total-market funds extend into mid- and small-cap shares. The Nasdaq-100 selects large non-financial companies; it is not a pure technology index.

Explore U.S. equities ↗

Definitions draw on CSI, Hang Seng Indexes, S&P DJI and Nasdaq / Invesco. Providers use different size, sector and country-classification rules. [2–5]

Get to know a few baskets before expanding the map.

Below, historical results sit beside representative fund names. These are fund returns in each product’s currency, using NAV or adjusted market prices as labeled. They are neither index backtests nor forecasts. Each fund has its own observation period. A crisis that a young fund has never experienced is not a test it has passed.

CSI 300

510300 ↗

Large A-share companies. The fund has a shorter live history than the index.

Total return: +90.40%
CAGR: +4.54%
Max. drawdown: −45.62%

2012-05-04 — 2026-11-03 · CNY · Renminbi · Available history · NAV, reinvested

S&P 500

SPY ↗

Large U.S. companies across sectors. Watch concentration in the largest holdings.

Total return: +696.34%
CAGR: +10.93%
Max. drawdown: −55.19%

2006-11-03 — 2026-11-03 · USD · U.S. dollar · 20-year window · Adjusted market price

CSI 500

510500 ↗

Mid-cap A-shares drawn from a different universe than the CSI 300.

Total return: +89.03%
CAGR: +4.74%
Max. drawdown: −63.22%

2013-02-06 — 2026-11-03 · CNY · Renminbi · Available history · NAV, reinvested

Nasdaq-100

QQQ ↗

Large non-financial companies, with strong technology and growth exposure. Sector weights are uneven.

Total return: +1812.28%
CAGR: +15.90%
Max. drawdown: −53.40%

2006-11-03 — 2026-11-03 · USD · U.S. dollar · 20-year window · Adjusted market price

CSI A500

159338 ↗

A newer broad benchmark emphasizing industry coverage. A short history is not a full market cycle.

Total return: +3.46%
CAGR: +1.63%
Max. drawdown: −24.00%

2024-09-26 — 2026-11-03 · CNY · Renminbi · Available history · NAV, reinvested

Hang Seng Index

2800.HK ↗

Listed in 1999; this source starts in 2008. The available record does not cover a full 20 years.

Total return: +35.07%
CAGR: +1.61%
Max. drawdown: −58.57%

2008-01-02 — 2026-11-02 · HKD · Hong Kong dollar · Available history · Adjusted market price

Hang Seng TECH

3033.HK ↗

Hong Kong-listed technology themes. Even a short history can contain deep losses.

Total return: −50.14%
CAGR: −10.65%
Max. drawdown: −74.73%

2020-08-27 — 2026-11-02 · HKD · Hong Kong dollar · Available history · Adjusted market price

Ultra-short U.S. Treasuries

SGOV ↗

Ultra-short U.S. Treasuries. Low volatility in dollars does not remove currency risk for other investors.

Total return: +20.18%
CAGR: +2.90%
Max. drawdown: −0.30%

2020-06-01 — 2026-11-03 · USD · U.S. dollar · Available history · Adjusted market price

Annualized return means CAGR. Products with less than 20 years use their available history; the first available record may differ from inception. Full dates and drawdown periods appear in the directory. Read the methodology ↓

Put the numbers back into time

Return measures the distance.
Drawdown reveals the terrain.

“It gained a lot” and “I could have held it all the way through” are different statements. First examine wealth growth, then the fall from a previous high. Each chart starts at 100 and preserves the fund’s actual available period. A young fund is never given a fictional 20-year record.

Historical performance explorer

S&P 500 · SPY

Choose a representative product

Total return: +696.34%

Annualized · CAGR: +10.93%

Max. drawdown: −55.19%

Starting value = 100 · Approximate reinvested returnUSD · U.S. dollar

2006-11-03 — 2026-11-03 · 20-year window · 20.00 years · 5,030 daily observations · Adjusted market price

The deepest decline in this record ran from 2007-10-09 → 2009-03-09. Portfolio value fell −55.19% from that peak to the trough. This is the maximum drawdown within the observed period, not a limit on future losses.

The curve uses month-end observations and period endpoints. Maximum drawdown uses all available daily records. The chart does not show every daily move or measure intraday drawdowns. Historical price source ↗

Three numbers answer three different questions.

Total return

How much did it gain?

Ending value ÷ starting value − 1. A rise from 100 to 200 is a 100% total return. Doubling in one year is very different from doubling over twenty.

Annualized compound return · CAGR

What is the yearly equivalent?

(Ending value ÷ starting value)^{1 / years} − 1. Growing from 100 to 200 over ten years implies a CAGR of about 7.18%. It does not mean a 7.18% gain every year.

Maximum drawdown

How far did it fall on the way?

The deepest percentage decline from a previous high to a later low. It describes historical losses, not a ceiling on future losses, and is different from volatility.

Why is there no separate “annualized return” column? The usual geometric annualized return is CAGR. An arithmetic average needs a different label. A 50% gain followed by a 50% loss averages 0% arithmetically, yet wealth falls from 100 to 75. The two-year CAGR is about −13.40%. This guide therefore consistently reports total return, CAGR and maximum drawdown.

Try the arithmetic

A deeper loss needs a bigger recovery.

Changing the denominator changes the answer.
Adjust the loss to see the gain needed to get back to even.

Assumed loss 50%

5%90%

Of 100 units, you have50units

Gain needed to reach 100100%

Required recovery = loss ÷ (1 − loss). This is a mathematical example, unrelated to any fund’s future performance.

Consider holding period and starting valuation, too. One chosen 20-year window is not the distribution of all rolling 20-year outcomes. Whether you must sell in a bear market often depends on cash needs and position size, as well as your long-term view.

From the index to your account

You buy one fund.
You experience an entire investment chain.

Index performance, fund NAV, exchange trading price and your actual return are connected but distinct. Understanding the chain is more useful than memorizing more tickers.

Index returnAssets and rules define the benchmark

Fund NAV returnFees, taxes, replication and rebalancing

Your account returnExecution, spreads, commissions and FX

Why do ETFs usually trade close to NAV?

Authorized participants can typically create or redeem large blocks of shares using baskets of securities or cash. Arbitrage helps bring the ETF’s trading price toward its net asset value, but does not guarantee a perfect match at every moment. Different market opening hours, investment quotas or impaired liquidity can widen the gap. Retail investors usually trade on the secondary market rather than participate directly in this large-block mechanism. [1]

A premium changes your purchase cost.

If a fund’s assets are worth 100 per share and you pay 110, you pay a 10% premium. If NAV stays constant and the premium disappears, your loss is 10 ÷ 110 ≈ 9.09%. The denominator is your actual purchase price.

A distribution does not create free wealth.

A fund worth 100 distributes 5. Ignoring other changes, its value falls to about 95 and you hold 5 in cash. Distribution yield is not total return: combine changes in fund value with distributions received.

Different baskets carry different risks.

Product type	Main risk sources	A common misunderstanding
Broad equity	Earnings, valuation, market and country risks	Many holdings can still be concentrated in a few large companies or sectors.
Sector and thematic	Industry cycles, competition and top-holding concentration	A promising industry is not automatically attractively priced.
Dividend and factor	Selection rules, style cycles and sector tilts	High dividends do not protect principal; momentum is not a permanent technology allocation.
Bonds	Duration, credit, inflation and currency	SGOV and TLT both hold U.S. Treasuries but have very different rate sensitivity.
Physical commodities and futures	Spot prices, rolling contracts, margin and structure	Gold, gold-mining shares and gold futures are different exposures.
Option income	Equity losses, forgone upside and distribution composition	A high payout is neither a high total return nor fixed interest.
Leveraged and inverse	Daily reset, volatility, path and financing costs	Daily 3× exposure does not mean three times the long-term cumulative return.

Suppose an index rises from 100 to 110, then falls back to 100. Ignoring costs, a 2× daily product first rises from 100 to 120, then falls about 18.18%, ending around 98.18. The index is back where it started; the leveraged product is not. This is path dependence. [6]

An ETN is a different instrument again: usually an issuer’s debt obligation, with additional issuer credit risk. The directory distinguishes active ETFs, commodity trusts, leveraged products and ETNs from ordinary index ETFs. Being exchange-traded does not make their structures equivalent.

A reference to return to

The index and ETF directory.

This preserves the source handout’s breadth: 229 indices, index families or strategies, linked to 236 distinct representative products. Some entries cover different implementations of one theme. This is not an exhaustive list of funds. Every named product has its own calculation; one ETF’s return is never assigned to an entire index category.

229 entries · 236 representative products

Observations through November 3, 2026

Returns use each product’s currency. Mainland products use reinvested NAV; others use adjusted market prices, as labeled in every row. CAGR is the annualized compound return. Dates and currencies are specified individually. Different observation periods cannot be ranked directly.

CSI 300

A-share market benchmarks

Large A-share companies listed in Shanghai and Shenzhen.

Product / currency	Total return	CAGR	Max. drawdown	Period
510300 ↗CNY · Renminbi · NAV, reinvested	+90.40%	+4.54%	−45.62%	2012-05-04 — 2026-11-03Available history · 14.50 years
159919 ↗CNY · Renminbi · NAV, reinvested	+98.28%	+4.84%	−45.90%	2012-05-07 — 2026-11-03Available history · 14.49 years

View the peak and trough of each maximum drawdown

510300: 2015-06-08 → 2016-01-28, −45.62%. 3,523 daily observations.

159919: 2015-06-08 → 2016-01-28, −45.90%. 3,523 daily observations.

CSI 500

A-share market benchmarks

Mid-cap A-shares outside the CSI 300 universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
510500 ↗CNY · Renminbi · NAV, reinvested	+89.03%	+4.74%	−63.22%	2013-02-06 — 2026-11-03Available history · 13.74 years
159922 ↗CNY · Renminbi · NAV, reinvested	+115.84%	+5.76%	−63.19%	2013-02-06 — 2026-11-03Available history · 13.74 years

View the peak and trough of each maximum drawdown

510500: 2015-06-12 → 2018-10-18, −63.22%. 3,327 daily observations.

159922: 2015-06-12 → 2018-10-18, −63.19%. 3,327 daily observations.

CSI 1000

A-share market benchmarks

Smaller A-shares outside the CSI 800 universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
512100 ↗CNY · Renminbi · NAV, reinvested	−4.77%	−0.48%	−51.69%	2016-09-29 — 2026-11-03Available history · 10.10 years
159845 ↗CNY · Renminbi · NAV, reinvested	−31.60%	−6.52%	−54.45%	2021-03-18 — 2026-11-03Available history · 5.63 years

View the peak and trough of each maximum drawdown

512100: 2016-11-22 → 2018-10-18, −51.69%. 2,441 daily observations.

159845: 2021-03-19 → 2024-02-05, −54.45%. 1,363 daily observations.

CSI 2000

A-share market benchmarks

A further tier of small A-share companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
159531 ↗CNY · Renminbi · NAV, reinvested	+23.42%	+6.89%	−36.52%	2023-09-07 — 2026-11-03Available history · 3.16 years

View the peak and trough of each maximum drawdown

159531: 2023-11-20 → 2024-02-07, −36.52%. 759 daily observations.

CSI 800

A-share market benchmarks

Combines the CSI 300 and CSI 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
515800 ↗CNY · Renminbi · NAV, reinvested	+23.54%	+3.03%	−37.65%	2019-10-08 — 2026-11-03Available history · 7.07 years

View the peak and trough of each maximum drawdown

515800: 2021-02-19 → 2024-02-05, −37.65%. 1,691 daily observations.

CSI All Share

A-share market benchmarks

A broad view of eligible mainland-listed A-shares.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

CNI 2000

A-share market benchmarks

A small-cap benchmark with its own selection rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
159628 ↗CNY · Renminbi · NAV, reinvested	+14.21%	+3.10%	−35.89%	2022-06-29 — 2026-11-03Available history · 4.35 years

View the peak and trough of each maximum drawdown

159628: 2023-04-07 → 2024-02-05, −35.89%. 1,049 daily observations.

CSI A500

A-share cross-sector benchmarks

A broad benchmark emphasizing industry representation.

Product / currency	Total return	CAGR	Max. drawdown	Period
159338 ↗CNY · Renminbi · NAV, reinvested	+3.46%	+1.63%	−24.00%	2024-09-26 — 2026-11-03Available history · 2.10 years

View the peak and trough of each maximum drawdown

159338: 2026-06-22 → 2026-10-30, −24.00%. 502 daily observations.

CSI A50

A-share cross-sector benchmarks

Fifty leading A-share companies across industries.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

CSI A100 (formerly CSI 100)

A-share cross-sector benchmarks

One hundred large A-share companies under the revised methodology.

Product / currency	Total return	CAGR	Max. drawdown	Period
159923 ↗CNY · Renminbi · NAV, reinvested	+87.01%	+4.66%	−46.94%	2013-02-07 — 2026-11-03Available history · 13.74 years

View the peak and trough of each maximum drawdown

159923: 2021-02-10 → 2024-02-02, −46.94%. 3,335 daily observations.

FTSE China A50

A-share cross-sector benchmarks

Fifty large mainland-listed A-share companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
2822.HK ↗HKD · Hong Kong dollar · Adjusted market price	+160.12%	+6.97%	−51.20%	2012-08-28 — 2026-11-02Available history · 14.18 years
2823.HK ↗HKD · Hong Kong dollar · Adjusted market price	+25.00%	+9.24%	−27.66%	2024-04-24 — 2026-11-02Available history · 2.52 years

View the peak and trough of each maximum drawdown

2822.HK: 2021-02-16 → 2024-01-17, −51.20%. 3,486 daily observations.

2823.HK: 2024-10-07 → 2025-04-07, −27.66%. 620 daily observations.

MSCI China A 50 Connect

A-share cross-sector benchmarks

Fifty A-shares eligible for Stock Connect, with sector representation.

Product / currency	Total return	CAGR	Max. drawdown	Period
560050 ↗CNY · Renminbi · NAV, reinvested	−6.71%	−1.38%	−38.61%	2021-10-29 — 2026-11-03Available history · 5.01 years

View the peak and trough of each maximum drawdown

560050: 2021-12-13 → 2024-02-02, −38.61%. 1,215 daily observations.

CSI Shanghai–Shenzhen–Hong Kong 500

A-share cross-sector benchmarks

A cross-market universe spanning mainland China and Hong Kong.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

SSE Composite

A-share exchanges and boards

Eligible Shanghai-listed A- and B-shares.

Product / currency	Total return	CAGR	Max. drawdown	Period
510210 ↗CNY · Renminbi · NAV, reinvested	+97.91%	+4.43%	−47.18%	2011-01-30 — 2026-11-03Available history · 15.76 years

View the peak and trough of each maximum drawdown

510210: 2015-06-12 → 2016-01-28, −47.18%. 3,813 daily observations.

SSE 50

A-share exchanges and boards

Fifty large, liquid Shanghai-listed companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
510050 ↗CNY · Renminbi · NAV, reinvested	+224.02%	+6.05%	−70.23%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

510050: 2007-10-16 → 2008-10-27, −70.23%. 4,879 daily observations.

SSE 180

A-share exchanges and boards

A broader selection of major Shanghai-listed companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
510180 ↗CNY · Renminbi · NAV, reinvested	+266.25%	+6.71%	−71.03%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

510180: 2007-10-16 → 2008-11-04, −71.03%. 4,879 daily observations.

SZSE Component

A-share exchanges and boards

A representative benchmark of Shenzhen-listed companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
159943 ↗CNY · Renminbi · NAV, reinvested	−6.09%	−0.55%	−49.99%	2015-06-05 — 2026-11-03Available history · 11.41 years

View the peak and trough of each maximum drawdown

159943: 2015-06-11 → 2019-01-03, −49.99%. 2,769 daily observations.

SZSE 100 and SZSE 50

A-share exchanges and boards

Large Shenzhen-listed companies, with different constituent counts.

Product / currency	Total return	CAGR	Max. drawdown	Period
159901 ↗CNY · Renminbi · NAV, reinvested	+302.54%	+7.21%	−71.39%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

159901: 2007-10-16 → 2008-11-04, −71.39%. 4,879 daily observations.

SME 100

A-share exchanges and boards

A benchmark associated with the former SME Board.

Product / currency	Total return	CAGR	Max. drawdown	Period
159902 ↗CNY · Renminbi · NAV, reinvested	+294.98%	+7.11%	−65.36%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

159902: 2008-01-15 → 2008-10-27, −65.36%. 4,879 daily observations.

ChiNext 100

A-share exchanges and boards

A representative index of the ChiNext market.

Product / currency	Total return	CAGR	Max. drawdown	Period
159915 ↗CNY · Renminbi · NAV, reinvested	+175.78%	+6.94%	−69.67%	2011-09-20 — 2026-11-03Available history · 15.12 years

View the peak and trough of each maximum drawdown

159915: 2015-06-03 → 2018-10-18, −69.67%. 3,648 daily observations.

ChiNext 50

A-share exchanges and boards

A more concentrated ChiNext selection.

Product / currency	Total return	CAGR	Max. drawdown	Period
159949 ↗CNY · Renminbi · NAV, reinvested	+8.16%	+0.76%	−59.07%	2016-06-30 — 2026-11-03Available history · 10.34 years

View the peak and trough of each maximum drawdown

159949: 2021-07-21 → 2024-02-02, −59.07%. 2,508 daily observations.

STAR 50

A-share exchanges and boards

Fifty prominent companies on the STAR Market.

Product / currency	Total return	CAGR	Max. drawdown	Period
588000 ↗CNY · Renminbi · NAV, reinvested	−15.50%	−2.72%	−59.67%	2020-09-28 — 2026-11-03Available history · 6.10 years

View the peak and trough of each maximum drawdown

588000: 2021-07-08 → 2024-09-23, −59.67%. 1,458 daily observations.

STAR 100 and STAR 200

A-share exchanges and boards

Additional size segments of the STAR Market.

Product / currency	Total return	CAGR	Max. drawdown	Period
588190 ↗CNY · Renminbi · NAV, reinvested	+24.18%	+7.09%	−44.01%	2023-09-06 — 2026-11-03Available history · 3.16 years

View the peak and trough of each maximum drawdown

588190: 2026-06-30 → 2026-11-03, −44.01%. 760 daily observations.

STAR Composite

A-share exchanges and boards

A broader view of eligible STAR Market companies.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

STAR & ChiNext 50

A-share exchanges and boards

A combined selection from the two innovation-focused boards.

Product / currency	Total return	CAGR	Max. drawdown	Period
588400 ↗CNY · Renminbi · NAV, reinvested	−28.73%	−6.12%	−59.66%	2021-06-25 — 2026-11-03Available history · 5.36 years

View the peak and trough of each maximum drawdown

588400: 2021-07-21 → 2024-09-23, −59.66%. 1,299 daily observations.

Consumer staples

A-share consumer and financial sectors

A-share companies supplying everyday consumer needs.

Product / currency	Total return	CAGR	Max. drawdown	Period
159928 ↗CNY · Renminbi · NAV, reinvested	+182.93%	+8.20%	−59.99%	2013-08-23 — 2026-11-03Available history · 13.20 years

View the peak and trough of each maximum drawdown

159928: 2021-02-10 → 2026-06-26, −59.99%. 3,202 daily observations.

Consumer discretionary

A-share consumer and financial sectors

Businesses whose sales are more sensitive to discretionary spending.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Food, beverages and liquor

A-share consumer and financial sectors

Related consumer themes with different concentrations.

Product / currency	Total return	CAGR	Max. drawdown	Period
515170 ↗CNY · Renminbi · NAV, reinvested	−50.77%	−11.42%	−59.68%	2020-12-30 — 2026-11-03Available history · 5.84 years
512690 ↗CNY · Renminbi · NAV, reinvested	+24.00%	+2.88%	−66.20%	2019-04-04 — 2026-11-03Available history · 7.58 years

View the peak and trough of each maximum drawdown

515170: 2021-02-10 → 2026-06-26, −59.68%. 1,413 daily observations.

512690: 2021-06-07 → 2026-07-09, −66.20%. 1,830 daily observations.

Home appliances

A-share consumer and financial sectors

Manufacturers and other eligible appliance businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
159996 ↗CNY · Renminbi · NAV, reinvested	+34.03%	+4.48%	−39.19%	2020-02-27 — 2026-11-03Available history · 6.68 years

View the peak and trough of each maximum drawdown

159996: 2021-01-13 → 2022-10-31, −39.19%. 1,617 daily observations.

Tourism and hotels

A-share consumer and financial sectors

Travel, hospitality and related services.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Agriculture

A-share consumer and financial sectors

Companies across agricultural production and services.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Livestock breeding

A-share consumer and financial sectors

Livestock and related agricultural supply chains.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Banking

A-share consumer and financial sectors

Listed banks; credit conditions and the rate cycle matter.

Product / currency	Total return	CAGR	Max. drawdown	Period
512800 ↗CNY · Renminbi · NAV, reinvested	+75.67%	+6.25%	−27.83%	2017-07-18 — 2026-11-03Available history · 9.29 years

View the peak and trough of each maximum drawdown

512800: 2018-02-05 → 2018-07-02, −27.83%. 2,263 daily observations.

Securities companies

A-share consumer and financial sectors

Brokerages and other eligible securities businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
512000 ↗CNY · Renminbi · NAV, reinvested	−2.48%	−0.25%	−46.05%	2016-08-30 — 2026-11-03Available history · 10.18 years

View the peak and trough of each maximum drawdown

512000: 2016-11-14 → 2018-10-18, −46.05%. 2,472 daily observations.

Financials, property and non-bank financials

A-share consumer and financial sectors

Related sector families with different constituent boundaries.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Health care

A-share health care and traditional industries

A broad selection of A-share health care companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
512010 ↗CNY · Renminbi · NAV, reinvested	+51.36%	+3.21%	−65.39%	2013-09-23 — 2026-11-03Available history · 13.11 years
159938 ↗CNY · Renminbi · NAV, reinvested	+25.62%	+1.93%	−56.18%	2014-12-01 — 2026-11-03Available history · 11.92 years

View the peak and trough of each maximum drawdown

512010: 2021-02-10 → 2024-09-23, −65.39%. 3,184 daily observations.

159938: 2021-07-01 → 2024-09-23, −56.18%. 2,887 daily observations.

Medical services and equipment

A-share health care and traditional industries

Medical services, devices and related businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
512170 ↗CNY · Renminbi · NAV, reinvested	+0.63%	+0.08%	−71.90%	2019-05-20 — 2026-11-03Available history · 7.46 years

View the peak and trough of each maximum drawdown

512170: 2021-07-01 → 2024-09-18, −71.90%. 1,814 daily observations.

Innovative drugs

A-share health care and traditional industries

Companies involved in innovative drug development.

Product / currency	Total return	CAGR	Max. drawdown	Period
515120 ↗CNY · Renminbi · NAV, reinvested	−40.88%	−8.50%	−62.62%	2020-12-03 — 2026-11-03Available history · 5.92 years

View the peak and trough of each maximum drawdown

515120: 2021-05-17 → 2024-07-04, −62.62%. 1,421 daily observations.

Traditional Chinese medicine

A-share health care and traditional industries

Companies in the traditional Chinese medicine industry.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Biotechnology

A-share health care and traditional industries

Biological research and related commercial applications.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Defense

A-share health care and traditional industries

Companies linked to defense manufacturing and supply chains.

Product / currency	Total return	CAGR	Max. drawdown	Period
512660 ↗CNY · Renminbi · NAV, reinvested	+0.47%	+0.05%	−51.18%	2016-07-26 — 2026-11-03Available history · 10.27 years

View the peak and trough of each maximum drawdown

512660: 2021-11-30 → 2024-02-05, −51.18%. 2,495 daily observations.

Automotive supply chains

A-share health care and traditional industries

Vehicles, components and related businesses.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Machinery and machine tools

A-share health care and traditional industries

Industrial machinery and precision manufacturing equipment.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Infrastructure and construction materials

A-share health care and traditional industries

Construction activity and its upstream suppliers.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Real estate

A-share health care and traditional industries

Listed property businesses; financing and policy exposure can be substantial.

Product / currency	Total return	CAGR	Max. drawdown	Period
512200 ↗CNY · Renminbi · NAV, reinvested	−59.76%	−9.43%	−64.94%	2017-08-25 — 2026-11-03Available history · 9.19 years

View the peak and trough of each maximum drawdown

512200: 2018-01-23 → 2024-08-28, −64.94%. 2,220 daily observations.

Transportation and logistics

A-share health care and traditional industries

Passenger, freight and logistics businesses.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Semiconductor products and equipment

A-share technology

Chip design, manufacturing, equipment and related businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
512480 ↗CNY · Renminbi · NAV, reinvested	+181.44%	+14.81%	−62.42%	2019-05-08 — 2026-11-03Available history · 7.49 years

View the peak and trough of each maximum drawdown

512480: 2021-07-30 → 2024-02-05, −62.42%. 1,806 daily observations.

CNI Semiconductor Chips

A-share technology

A semiconductor selection under CNI methodology.

Product / currency	Total return	CAGR	Max. drawdown	Period
159995 ↗CNY · Renminbi · NAV, reinvested	+52.28%	+6.39%	−61.56%	2020-01-20 — 2026-11-03Available history · 6.79 years

View the peak and trough of each maximum drawdown

159995: 2021-07-30 → 2024-02-05, −61.56%. 1,641 daily observations.

Electronics and consumer hardware

A-share technology

Electronic components and consumer-device supply chains.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Computers and software

A-share technology

Hardware, software and information-technology services.

Product / currency	Total return	CAGR	Max. drawdown	Period
512720 ↗CNY · Renminbi · NAV, reinvested	+6.56%	+0.87%	−56.44%	2019-07-11 — 2026-11-03Available history · 7.32 years
515230 ↗CNY · Renminbi · NAV, reinvested	−36.61%	−7.63%	−59.19%	2021-02-03 — 2026-11-03Available history · 5.75 years

View the peak and trough of each maximum drawdown

512720: 2020-07-13 → 2024-08-27, −56.44%. 1,757 daily observations.

515230: 2023-04-04 → 2024-08-27, −59.19%. 1,386 daily observations.

Cloud computing and big data

A-share technology

Businesses supplying computing infrastructure and data services.

Product / currency	Total return	CAGR	Max. drawdown	Period
516510 ↗CNY · Renminbi · NAV, reinvested	+35.65%	+5.60%	−50.87%	2021-03-29 — 2026-11-03Available history · 5.60 years

View the peak and trough of each maximum drawdown

516510: 2023-06-20 → 2024-02-05, −50.87%. 1,359 daily observations.

Artificial intelligence

A-share technology

An AI-themed equity selection; holdings depend on the index rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
515070 ↗CNY · Renminbi · NAV, reinvested	+64.86%	+7.51%	−51.22%	2019-12-09 — 2026-11-03Available history · 6.90 years

View the peak and trough of each maximum drawdown

515070: 2020-07-13 → 2024-02-05, −51.22%. 1,669 daily observations.

Robotics

A-share technology

Robotics equipment, components and related automation businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
562500 ↗CNY · Renminbi · NAV, reinvested	−16.84%	−3.71%	−45.96%	2021-12-17 — 2026-11-03Available history · 4.88 years

View the peak and trough of each maximum drawdown

562500: 2021-12-28 → 2024-08-27, −45.96%. 1,179 daily observations.

5G and communications

A-share technology

Telecommunications equipment and related supply chains.

Product / currency	Total return	CAGR	Max. drawdown	Period
515050 ↗CNY · Renminbi · NAV, reinvested	+91.07%	+9.51%	−55.65%	2019-09-17 — 2026-11-03Available history · 7.13 years

View the peak and trough of each maximum drawdown

515050: 2026-06-25 → 2026-11-03, −55.65%. 1,720 daily observations.

Domestic IT and cybersecurity

A-share technology

Domestic computing systems and information security themes.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Media, animation and gaming

A-share technology

Content, entertainment and interactive media businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
512980 ↗CNY · Renminbi · NAV, reinvested	−20.18%	−2.51%	−53.21%	2017-12-27 — 2026-11-03Available history · 8.85 years
159869 ↗CNY · Renminbi · NAV, reinvested	+4.72%	+0.81%	−57.71%	2021-02-25 — 2026-11-03Available history · 5.69 years

View the peak and trough of each maximum drawdown

512980: 2020-07-13 → 2022-10-25, −53.21%. 2,128 daily observations.

159869: 2023-06-20 → 2024-07-24, −57.71%. 1,379 daily observations.

Financial technology

A-share technology

Technology supporting financial services.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

New energy

A-share energy, resources and emerging themes

A broad family of alternative-energy equity themes.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Solar photovoltaics

A-share energy, resources and emerging themes

Companies across the solar power supply chain.

Product / currency	Total return	CAGR	Max. drawdown	Period
515790 ↗CNY · Renminbi · NAV, reinvested	−30.63%	−6.00%	−66.98%	2020-12-07 — 2026-11-03Available history · 5.91 years

View the peak and trough of each maximum drawdown

515790: 2021-08-30 → 2025-04-07, −66.98%. 1,428 daily observations.

Wind power

A-share energy, resources and emerging themes

Wind generation equipment and related suppliers.

Product / currency	Total return	CAGR	Max. drawdown	Period
159611 ↗CNY · Renminbi · NAV, reinvested	+3.40%	+0.69%	−22.57%	2021-12-29 — 2026-11-03Available history · 4.85 years

View the peak and trough of each maximum drawdown

159611: 2021-12-31 → 2022-04-26, −22.57%. 1,173 daily observations.

New-energy vehicles and batteries

A-share energy, resources and emerging themes

Electric mobility and battery supply chains.

Product / currency	Total return	CAGR	Max. drawdown	Period
515030 ↗CNY · Renminbi · NAV, reinvested	+31.55%	+4.18%	−67.03%	2020-02-20 — 2026-11-03Available history · 6.70 years
159755 ↗CNY · Renminbi · NAV, reinvested	−24.57%	−5.10%	−67.63%	2021-06-15 — 2026-11-03Available history · 5.38 years

View the peak and trough of each maximum drawdown

515030: 2021-11-09 → 2024-08-23, −67.03%. 1,625 daily observations.

159755: 2021-11-29 → 2024-02-05, −67.63%. 1,306 daily observations.

Power utilities and green electricity

A-share energy, resources and emerging themes

Electricity generation, including renewable generation themes.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Power grid equipment

A-share energy, resources and emerging themes

Transmission, distribution and grid equipment suppliers.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Coal, oil and gas equities

A-share energy, resources and emerging themes

Energy-company shares, rather than direct commodity holdings.

Product / currency	Total return	CAGR	Max. drawdown	Period
515220 ↗CNY · Renminbi · NAV, reinvested	+184.30%	+16.64%	−32.97%	2020-01-20 — 2026-11-03Available history · 6.79 years

View the peak and trough of each maximum drawdown

515220: 2021-09-13 → 2021-11-16, −32.97%. 1,629 daily observations.

Nonferrous metals and rare earths

A-share energy, resources and emerging themes

Mining, refining and related materials businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
512400 ↗CNY · Renminbi · NAV, reinvested	+48.38%	+4.36%	−53.14%	2017-08-03 — 2026-11-03Available history · 9.25 years
516780 ↗CNY · Renminbi · NAV, reinvested	+38.72%	+5.93%	−57.39%	2021-02-26 — 2026-11-03Available history · 5.68 years

View the peak and trough of each maximum drawdown

512400: 2021-09-13 → 2024-02-05, −53.14%. 2,236 daily observations.

516780: 2021-09-13 → 2024-02-05, −57.39%. 1,378 daily observations.

Steel and basic chemicals

A-share energy, resources and emerging themes

Cyclical industrial materials businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
515210 ↗CNY · Renminbi · NAV, reinvested	+24.99%	+3.34%	−56.37%	2020-01-22 — 2026-11-03Available history · 6.78 years
516020 ↗CNY · Renminbi · NAV, reinvested	−27.00%	−5.39%	−59.69%	2021-02-26 — 2026-11-03Available history · 5.68 years

View the peak and trough of each maximum drawdown

515210: 2021-09-09 → 2024-09-18, −56.37%. 1,629 daily observations.

516020: 2021-09-15 → 2024-09-13, −59.69%. 1,380 daily observations.

Environmental protection and carbon neutrality

A-share energy, resources and emerging themes

Environmental services and decarbonization themes.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Satellites and commercial space

A-share energy, resources and emerging themes

Space equipment, satellite services and related businesses.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Low-altitude aviation

A-share energy, resources and emerging themes

Businesses associated with low-altitude flight and its infrastructure.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

SSE Dividend

A-share investment styles

Dividend-focused Shanghai-listed equities.

Product / currency	Total return	CAGR	Max. drawdown	Period
510880 ↗CNY · Renminbi · NAV, reinvested	+308.13%	+7.30%	−74.02%	2006-11-17 — 2026-11-03Available history · 19.96 years

View the peak and trough of each maximum drawdown

510880: 2007-10-15 → 2008-11-04, −74.02%. 4,844 daily observations.

CSI Dividend

A-share investment styles

An A-share dividend strategy under CSI selection rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
515180 ↗CNY · Renminbi · NAV, reinvested	+87.48%	+9.48%	−18.53%	2019-11-26 — 2026-11-03Available history · 6.94 years

View the peak and trough of each maximum drawdown

515180: 2021-09-13 → 2022-03-15, −18.53%. 1,673 daily observations.

SZSE Dividend

A-share investment styles

Dividend-focused Shenzhen-listed equities.

Product / currency	Total return	CAGR	Max. drawdown	Period
159905 ↗CNY · Renminbi · NAV, reinvested	+81.27%	+3.79%	−50.07%	2010-11-05 — 2026-11-03Available history · 15.99 years

View the peak and trough of each maximum drawdown

159905: 2021-02-10 → 2022-10-31, −50.07%. 3,865 daily observations.

Dividend and low volatility

A-share investment styles

Combines dividend criteria with a volatility screen.

Product / currency	Total return	CAGR	Max. drawdown	Period
512890 ↗CNY · Renminbi · NAV, reinvested	+148.10%	+12.23%	−16.52%	2018-12-19 — 2026-11-03Available history · 7.87 years

View the peak and trough of each maximum drawdown

512890: 2021-09-13 → 2021-11-10, −16.52%. 1,899 daily observations.

Central SOE and state-owned dividends

A-share investment styles

Dividend strategies focused on state-owned enterprises.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Value

A-share investment styles

Selects companies using valuation-related measures.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Growth

A-share investment styles

Selects companies using growth-related measures.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Quality and profitability

A-share investment styles

Screens for financial strength or profitability.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Free cash flow

A-share investment styles

Selects companies using cash-generation measures.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Low volatility and minimum volatility

A-share investment styles

Seeks lower historical volatility using screening or portfolio optimization.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Momentum and multi-factor

A-share investment styles

Uses price momentum or a combination of investment factors.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

ESG and green investing

A-share investment styles

Applies environmental, social, governance or green-economy criteria.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng Index

Hong Kong market benchmarks

A broad Hong Kong equity benchmark spanning several industries.

Product / currency	Total return	CAGR	Max. drawdown	Period
2800.HK ↗HKD · Hong Kong dollar · Adjusted market price	+35.07%	+1.61%	−58.57%	2008-01-02 — 2026-11-02Available history · 18.83 years
159920 ↗CNY · Renminbi · NAV, reinvested	+45.72%	+2.68%	−47.47%	2012-08-09 — 2026-11-03Available history · 14.23 years

View the peak and trough of each maximum drawdown

2800.HK: 2008-01-09 → 2008-10-27, −58.57%. 4,640 daily observations.

159920: 2018-01-23 → 2022-10-31, −47.47%. 3,428 daily observations.

Hang Seng China Enterprises Index

Hong Kong market benchmarks

Hong Kong-listed Chinese enterprises, including state-owned and private companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
2828.HK ↗HKD · Hong Kong dollar · Adjusted market price	+39.42%	+14.07%	−22.42%	2024-04-24 — 2026-11-02Available history · 2.52 years
510900 ↗CNY · Renminbi · NAV, reinvested	+2.54%	+0.18%	−55.09%	2012-08-09 — 2026-11-03Available history · 14.23 years

View the peak and trough of each maximum drawdown

2828.HK: 2025-10-02 → 2026-06-26, −22.42%. 621 daily observations.

510900: 2018-01-26 → 2022-10-31, −55.09%. 3,384 daily observations.

Hang Seng TECH Index

Hong Kong market benchmarks

Thirty eligible technology-themed Hong Kong-listed companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
3033.HK ↗HKD · Hong Kong dollar · Adjusted market price	−50.14%	−10.65%	−74.73%	2020-08-27 — 2026-11-02Available history · 6.18 years
3067.HK ↗HKD · Hong Kong dollar · Adjusted market price	−45.10%	−9.32%	−74.46%	2020-09-14 — 2026-11-02Available history · 6.13 years
513180 ↗CNY · Renminbi · NAV, reinvested	−51.40%	−12.37%	−63.53%	2021-05-18 — 2026-11-03Available history · 5.46 years

View the peak and trough of each maximum drawdown

3033.HK: 2021-02-17 → 2022-10-24, −74.73%. 1,518 daily observations.

3067.HK: 2021-02-17 → 2022-10-24, −74.46%. 1,506 daily observations.

513180: 2021-06-28 → 2022-10-24, −63.53%. 1,326 daily observations.

Hang Seng Composite

Hong Kong market benchmarks

A broad universe of Hong Kong-listed equities.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng HK 35

Hong Kong market benchmarks

Companies with a strong connection to the Hong Kong economy.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng China-Affiliated Corporations

Hong Kong market benchmarks

The red-chip segment of Hong Kong-listed companies.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng Stock Connect China Enterprises

Hong Kong market benchmarks

Eligible Chinese enterprises within the Stock Connect universe.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng Internet & Information Technology

Hong Kong sectors and dividend styles

Hong Kong-listed internet and information-technology businesses.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

CSI Hong Kong Stock Connect Internet

Hong Kong sectors and dividend styles

Internet businesses selected from the eligible Hong Kong universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
513770 ↗CNY · Renminbi · NAV, reinvested	−36.36%	−9.11%	−53.45%	2022-02-09 — 2026-11-03Available history · 4.73 years

View the peak and trough of each maximum drawdown

513770: 2025-09-30 → 2026-10-29, −53.45%. 1,148 daily observations.

Hang Seng Healthcare

Hong Kong sectors and dividend styles

Hong Kong-listed health care companies.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng Biotech (formerly Hong Kong-Listed Biotech)

Hong Kong sectors and dividend styles

Biotechnology companies under the relevant index methodology.

Product / currency	Total return	CAGR	Max. drawdown	Period
513280 ↗CNY · Renminbi · NAV, reinvested	−1.50%	−0.35%	−50.72%	2022-07-05 — 2026-11-03Available history · 4.33 years

View the peak and trough of each maximum drawdown

513280: 2023-01-16 → 2024-04-19, −50.72%. 1,047 daily observations.

Hong Kong Stock Connect innovative drugs

Hong Kong sectors and dividend styles

Innovative-drug businesses eligible under the strategy rules.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng High Dividend Yield

Hong Kong sectors and dividend styles

High-dividend Hong Kong securities; eligible holdings may include REITs.

Product / currency	Total return	CAGR	Max. drawdown	Period
3110.HK ↗HKD · Hong Kong dollar · Adjusted market price	+176.79%	+7.90%	−34.74%	2013-06-10 — 2026-11-02Available history · 13.40 years

View the peak and trough of each maximum drawdown

3110.HK: 2018-01-29 → 2022-10-31, −34.74%. 3,300 daily observations.

Stock Connect high dividend and low volatility

Hong Kong sectors and dividend styles

Combines dividend and volatility screens in the Stock Connect universe.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Stock Connect central SOE dividends

Hong Kong sectors and dividend styles

Dividend-paying central state-owned enterprises.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hong Kong consumer sectors

Hong Kong sectors and dividend styles

Consumption-related companies; staples and discretionary definitions differ.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hong Kong banks and property

Hong Kong sectors and dividend styles

Separate sector exposures to banking and real estate.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Hang Seng China Semiconductor

Hong Kong sectors and dividend styles

A semiconductor universe spanning eligible Hong Kong and mainland listings.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

S&P 500

U.S. market benchmarks

A committee-selected U.S. large-cap benchmark, not simply the largest 500 shares.

Product / currency	Total return	CAGR	Max. drawdown	Period
VOO ↗USD · U.S. dollar · Adjusted market price	+811.15%	+14.66%	−33.99%	2010-09-09 — 2026-11-03Available history · 16.15 years
IVV ↗USD · U.S. dollar · Adjusted market price	+699.97%	+10.96%	−55.25%	2006-11-03 — 2026-11-0320-year window · 20.00 years
SPY ↗USD · U.S. dollar · Adjusted market price	+696.34%	+10.93%	−55.19%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VOO: 2020-02-19 → 2020-03-23, −33.99%. 4,063 daily observations.

IVV: 2007-10-09 → 2009-03-09, −55.25%. 5,030 daily observations.

SPY: 2007-10-09 → 2009-03-09, −55.19%. 5,030 daily observations.

U.S. total stock market

U.S. market benchmarks

Broad U.S. equity exposure extending beyond large companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
VTI ↗USD · U.S. dollar · Adjusted market price	+687.54%	+10.87%	−55.45%	2006-11-03 — 2026-11-0320-year window · 20.00 years
ITOT ↗USD · U.S. dollar · Adjusted market price	+675.70%	+10.79%	−55.20%	2006-11-03 — 2026-11-0320-year window · 20.00 years
SCHB ↗USD · U.S. dollar · Adjusted market price	+840.58%	+14.09%	−35.27%	2009-11-03 — 2026-11-03Available history · 17.00 years

View the peak and trough of each maximum drawdown

VTI: 2007-10-09 → 2009-03-09, −55.45%. 5,030 daily observations.

ITOT: 2007-10-09 → 2009-03-09, −55.20%. 5,030 daily observations.

SCHB: 2020-02-19 → 2020-03-23, −35.27%. 4,276 daily observations.

Dow Jones Industrial Average

U.S. market benchmarks

Thirty prominent U.S. companies in a price-weighted index.

Product / currency	Total return	CAGR	Max. drawdown	Period
DIA ↗USD · U.S. dollar · Adjusted market price	+569.98%	+9.98%	−51.87%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

DIA: 2007-10-09 → 2009-03-09, −51.87%. 5,030 daily observations.

Nasdaq-100

U.S. market benchmarks

Large non-financial Nasdaq-listed companies; eligible foreign companies are included.

Product / currency	Total return	CAGR	Max. drawdown	Period
QQQ ↗USD · U.S. dollar · Adjusted market price	+1812.28%	+15.90%	−53.40%	2006-11-03 — 2026-11-0320-year window · 20.00 years
QQQM ↗USD · U.S. dollar · Adjusted market price	+141.89%	+15.70%	−35.04%	2020-10-13 — 2026-11-03Available history · 6.06 years

View the peak and trough of each maximum drawdown

QQQ: 2007-10-31 → 2008-11-20, −53.40%. 5,030 daily observations.

QQQM: 2021-11-19 → 2022-11-03, −35.04%. 1,522 daily observations.

Nasdaq Composite

U.S. market benchmarks

A broader benchmark of eligible Nasdaq-listed securities.

Product / currency	Total return	CAGR	Max. drawdown	Period
ONEQ ↗USD · U.S. dollar · Adjusted market price	+1198.86%	+13.68%	−55.09%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

ONEQ: 2007-10-31 → 2009-03-09, −55.09%. 5,030 daily observations.

Nasdaq Next Generation 100

U.S. market benchmarks

Eligible non-financial companies beyond the Nasdaq-100.

Product / currency	Total return	CAGR	Max. drawdown	Period
QQQJ ↗USD · U.S. dollar · Adjusted market price	+72.52%	+9.42%	−39.58%	2020-10-13 — 2026-11-03Available history · 6.06 years

View the peak and trough of each maximum drawdown

QQQJ: 2021-11-16 → 2022-10-14, −39.58%. 1,522 daily observations.

Russell 3000

U.S. market benchmarks

A broad U.S. stock market benchmark.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWV ↗USD · U.S. dollar · Adjusted market price	+655.90%	+10.64%	−55.61%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWV: 2007-10-09 → 2009-03-09, −55.61%. 5,030 daily observations.

Russell 1000

U.S. market benchmarks

The large-cap segment of the Russell U.S. universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWB ↗USD · U.S. dollar · Adjusted market price	+684.05%	+10.85%	−55.38%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWB: 2007-10-09 → 2009-03-09, −55.38%. 5,030 daily observations.

Russell 2000

U.S. market benchmarks

The small-cap segment of the Russell U.S. universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWM ↗USD · U.S. dollar · Adjusted market price	+388.15%	+8.25%	−58.64%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWM: 2007-07-13 → 2009-03-09, −58.64%. 5,030 daily observations.

S&P MidCap 400

U.S. market benchmarks

Mid-sized U.S. companies meeting S&P eligibility rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
IJH ↗USD · U.S. dollar · Adjusted market price	+537.39%	+9.70%	−55.06%	2006-11-03 — 2026-11-0320-year window · 20.00 years
MDY ↗USD · U.S. dollar · Adjusted market price	+509.53%	+9.46%	−55.33%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IJH: 2007-06-04 → 2009-03-09, −55.06%. 5,030 daily observations.

MDY: 2007-07-13 → 2009-03-09, −55.33%. 5,030 daily observations.

S&P SmallCap 600

U.S. market benchmarks

Smaller U.S. companies meeting S&P eligibility rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
IJR ↗USD · U.S. dollar · Adjusted market price	+485.29%	+9.24%	−58.15%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IJR: 2007-07-19 → 2009-03-09, −58.15%. 5,030 daily observations.

S&P 100

U.S. size and style

A selection of major U.S. companies from the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
OEF ↗USD · U.S. dollar · Adjusted market price	+742.68%	+11.25%	−54.11%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

OEF: 2007-10-09 → 2009-03-09, −54.11%. 5,030 daily observations.

Russell Top 200

U.S. size and style

The largest-company segment of the Russell U.S. universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWL ↗USD · U.S. dollar · Adjusted market price	+903.73%	+14.44%	−32.71%	2009-09-28 — 2026-11-03Available history · 17.10 years

View the peak and trough of each maximum drawdown

IWL: 2020-02-19 → 2020-03-23, −32.71%. 4,302 daily observations.

Russell Midcap

U.S. size and style

Mid-sized companies within the Russell 1000.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWR ↗USD · U.S. dollar · Adjusted market price	+525.77%	+9.60%	−58.83%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWR: 2007-07-13 → 2009-03-09, −58.83%. 5,030 daily observations.

Russell Microcap

U.S. size and style

Very small U.S. companies under Russell methodology.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWC ↗USD · U.S. dollar · Adjusted market price	+300.25%	+7.18%	−64.61%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWC: 2007-06-19 → 2009-03-09, −64.61%. 5,030 daily observations.

Russell 1000 Growth

U.S. size and style

Growth-style companies within the Russell 1000.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWF ↗USD · U.S. dollar · Adjusted market price	+996.60%	+12.72%	−51.28%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWF: 2007-10-31 → 2009-03-09, −51.28%. 5,030 daily observations.

Russell 1000 Value

U.S. size and style

Value-style companies within the Russell 1000.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWD ↗USD · U.S. dollar · Adjusted market price	+413.37%	+8.52%	−60.10%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWD: 2007-06-04 → 2009-03-09, −60.10%. 5,030 daily observations.

Russell 2000 Growth

U.S. size and style

Growth-style companies within the Russell 2000.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWO ↗USD · U.S. dollar · Adjusted market price	+439.47%	+8.79%	−57.62%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWO: 2007-10-10 → 2009-03-09, −57.62%. 5,030 daily observations.

Russell 2000 Value

U.S. size and style

Value-style companies within the Russell 2000.

Product / currency	Total return	CAGR	Max. drawdown	Period
IWN ↗USD · U.S. dollar · Adjusted market price	+316.60%	+7.40%	−61.55%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IWN: 2007-06-04 → 2009-03-09, −61.55%. 5,030 daily observations.

S&P 500 Growth and Value

U.S. size and style

Style segments of the S&P 500 with different selection and weighting rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
IVW ↗USD · U.S. dollar · Adjusted market price	+990.52%	+12.69%	−49.22%	2006-11-03 — 2026-11-0320-year window · 20.00 years
IVE ↗USD · U.S. dollar · Adjusted market price	+413.23%	+8.52%	−61.32%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IVW: 2007-10-12 → 2009-03-09, −49.22%. 5,030 daily observations.

IVE: 2007-10-09 → 2009-03-09, −61.32%. 5,030 daily observations.

U.S. growth and value

U.S. size and style

Separate broad growth and value exposures.

Product / currency	Total return	CAGR	Max. drawdown	Period
VUG ↗USD · U.S. dollar · Adjusted market price	+1014.15%	+12.81%	−50.68%	2006-11-03 — 2026-11-0320-year window · 20.00 years
VTV ↗USD · U.S. dollar · Adjusted market price	+487.53%	+9.26%	−59.27%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VUG: 2007-10-31 → 2009-03-09, −50.68%. 5,030 daily observations.

VTV: 2007-07-13 → 2009-03-05, −59.27%. 5,030 daily observations.

U.S. mid-cap and small-cap

U.S. size and style

Separate company-size segments of the U.S. market.

Product / currency	Total return	CAGR	Max. drawdown	Period
VO ↗USD · U.S. dollar · Adjusted market price	+531.60%	+9.65%	−58.88%	2006-11-03 — 2026-11-0320-year window · 20.00 years
VB ↗USD · U.S. dollar · Adjusted market price	+500.48%	+9.38%	−59.57%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VO: 2007-07-13 → 2009-03-09, −58.88%. 5,030 daily observations.

VB: 2007-07-13 → 2009-03-09, −59.57%. 5,030 daily observations.

U.S. extended market

U.S. size and style

U.S. equities outside the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
VXF ↗USD · U.S. dollar · Adjusted market price	+517.54%	+9.53%	−58.04%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VXF: 2007-10-09 → 2009-03-09, −58.04%. 5,030 daily observations.

Information technology

The 11 S&P 500 sectors

The technology sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLK ↗USD · U.S. dollar · Adjusted market price	+1922.46%	+16.22%	−53.04%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLK: 2007-10-31 → 2008-11-20, −53.04%. 5,030 daily observations.

Communication services

The 11 S&P 500 sectors

The communication services sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLC ↗USD · U.S. dollar · Adjusted market price	+120.27%	+9.89%	−46.65%	2018-06-19 — 2026-11-03Available history · 8.38 years

View the peak and trough of each maximum drawdown

XLC: 2021-09-01 → 2022-11-03, −46.65%. 2,106 daily observations.

Consumer discretionary

The 11 S&P 500 sectors

The consumer discretionary sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLY ↗USD · U.S. dollar · Adjusted market price	+725.34%	+11.13%	−59.05%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLY: 2007-06-04 → 2009-03-09, −59.05%. 5,030 daily observations.

Consumer staples

The 11 S&P 500 sectors

The consumer staples sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLP ↗USD · U.S. dollar · Adjusted market price	+493.92%	+9.32%	−32.39%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLP: 2008-09-12 → 2009-03-09, −32.39%. 5,030 daily observations.

Health care

The 11 S&P 500 sectors

The health care sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLV ↗USD · U.S. dollar · Adjusted market price	+685.58%	+10.86%	−39.17%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLV: 2007-12-10 → 2009-03-09, −39.17%. 5,030 daily observations.

Financials

The 11 S&P 500 sectors

The financial sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLF ↗USD · U.S. dollar · Adjusted market price	+196.89%	+5.59%	−82.69%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLF: 2007-06-01 → 2009-03-06, −82.69%. 5,030 daily observations.

Industrials

The 11 S&P 500 sectors

The industrial sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLI ↗USD · U.S. dollar · Adjusted market price	+640.57%	+10.53%	−62.26%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLI: 2007-10-09 → 2009-03-09, −62.26%. 5,030 daily observations.

Energy

The 11 S&P 500 sectors

The energy sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLE ↗USD · U.S. dollar · Adjusted market price	+326.65%	+7.52%	−71.26%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLE: 2014-06-23 → 2020-03-18, −71.26%. 5,030 daily observations.

Materials

The 11 S&P 500 sectors

The materials sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLB ↗USD · U.S. dollar · Adjusted market price	+387.43%	+8.24%	−59.82%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLB: 2008-05-20 → 2009-03-02, −59.82%. 5,030 daily observations.

Utilities

The 11 S&P 500 sectors

The utilities sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLU ↗USD · U.S. dollar · Adjusted market price	+386.07%	+8.23%	−46.48%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XLU: 2007-12-10 → 2009-03-09, −46.48%. 5,030 daily observations.

Real estate

The 11 S&P 500 sectors

The real estate sector of the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
XLRE ↗USD · U.S. dollar · Adjusted market price	+111.10%	+6.98%	−38.82%	2015-10-08 — 2026-11-03Available history · 11.07 years

View the peak and trough of each maximum drawdown

XLRE: 2020-02-21 → 2020-03-23, −38.82%. 2,784 daily observations.

Semiconductors

U.S. technology and health care

Chip-related equity exposure; SMH and SOXX follow different indices.

Product / currency	Total return	CAGR	Max. drawdown	Period
SMH ↗USD · U.S. dollar · Adjusted market price	+3605.23%	+19.80%	−64.19%	2006-11-03 — 2026-11-0320-year window · 20.00 years
SOXX ↗USD · U.S. dollar · Adjusted market price	+2738.93%	+18.21%	−66.85%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

SMH: 2007-07-17 → 2008-11-20, −64.19%. 5,030 daily observations.

SOXX: 2007-07-17 → 2008-11-20, −66.85%. 5,030 daily observations.

North American technology software

U.S. technology and health care

Software and related technology businesses under the benchmark rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
IGV ↗USD · U.S. dollar · Adjusted market price	+1099.51%	+13.23%	−49.81%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IGV: 2007-10-31 → 2008-11-20, −49.81%. 5,030 daily observations.

Cybersecurity

U.S. technology and health care

Businesses providing cybersecurity products and services.

Product / currency	Total return	CAGR	Max. drawdown	Period
CIBR ↗USD · U.S. dollar · Adjusted market price	+413.08%	+15.53%	−33.89%	2015-07-07 — 2026-11-03Available history · 11.33 years

View the peak and trough of each maximum drawdown

CIBR: 2021-11-12 → 2022-10-14, −33.89%. 2,850 daily observations.

Cloud computing

U.S. technology and health care

Companies involved in cloud computing infrastructure and services.

Product / currency	Total return	CAGR	Max. drawdown	Period
SKYY ↗USD · U.S. dollar · Adjusted market price	+700.14%	+14.53%	−53.20%	2011-07-06 — 2026-11-03Available history · 15.33 years

View the peak and trough of each maximum drawdown

SKYY: 2021-11-16 → 2022-12-28, −53.20%. 3,856 daily observations.

Artificial intelligence and big data

U.S. technology and health care

Businesses exposed to AI and data technologies.

Product / currency	Total return	CAGR	Max. drawdown	Period
AIQ ↗USD · U.S. dollar · Adjusted market price	+307.57%	+18.05%	−44.66%	2018-05-16 — 2026-11-03Available history · 8.47 years

View the peak and trough of each maximum drawdown

AIQ: 2021-11-16 → 2022-10-14, −44.66%. 2,129 daily observations.

Robotics and automation

U.S. technology and health care

Global robotics and automation equity themes.

Product / currency	Total return	CAGR	Max. drawdown	Period
BOTZ ↗USD · U.S. dollar · Adjusted market price	+128.18%	+8.48%	−55.54%	2016-09-13 — 2026-11-03Available history · 10.14 years
ROBO ↗USD · U.S. dollar · Adjusted market price	+202.84%	+8.87%	−43.65%	2013-10-22 — 2026-11-03Available history · 13.03 years

View the peak and trough of each maximum drawdown

BOTZ: 2021-11-08 → 2022-10-14, −55.54%. 2,550 daily observations.

ROBO: 2021-11-04 → 2022-10-14, −43.65%. 3,278 daily observations.

Internet

U.S. technology and health care

Internet-related businesses under the fund's index rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
FDN ↗USD · U.S. dollar · Adjusted market price	+1115.49%	+13.30%	−61.55%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

FDN: 2007-10-12 → 2008-11-20, −61.55%. 5,030 daily observations.

NYSE Biotechnology

U.S. technology and health care

Biotechnology and related companies in the tracked benchmark.

Product / currency	Total return	CAGR	Max. drawdown	Period
IBB ↗USD · U.S. dollar · Adjusted market price	+757.70%	+11.34%	−39.82%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IBB: 2021-08-09 → 2022-06-16, −39.82%. 5,030 daily observations.

S&P Biotechnology Select Industry

U.S. technology and health care

A biotechnology selection with a different weighting approach from IBB.

Product / currency	Total return	CAGR	Max. drawdown	Period
XBI ↗USD · U.S. dollar · Adjusted market price	+889.32%	+12.14%	−63.89%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XBI: 2021-02-08 → 2022-05-11, −63.89%. 5,030 daily observations.

Medical devices

U.S. technology and health care

Companies producing medical devices and equipment.

Product / currency	Total return	CAGR	Max. drawdown	Period
IHI ↗USD · U.S. dollar · Adjusted market price	+650.42%	+10.60%	−49.64%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IHI: 2008-08-15 → 2009-03-09, −49.64%. 5,030 daily observations.

Pharmaceuticals

U.S. technology and health care

Drug manufacturers and related pharmaceutical businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
IHE ↗USD · U.S. dollar · Adjusted market price	+716.73%	+11.07%	−38.21%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IHE: 2007-05-22 → 2009-03-05, −38.21%. 5,030 daily observations.

Banks and regional banks

U.S. sectors and themes

Different slices of the banking industry, with different concentrations.

Product / currency	Total return	CAGR	Max. drawdown	Period
KBE ↗USD · U.S. dollar · Adjusted market price	+90.42%	+3.27%	−83.15%	2006-11-03 — 2026-11-0320-year window · 20.00 years
KRE ↗USD · U.S. dollar · Adjusted market price	+145.71%	+4.60%	−68.54%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

KBE: 2007-02-20 → 2009-03-06, −83.15%. 5,030 daily observations.

KRE: 2006-12-27 → 2009-03-09, −68.54%. 5,030 daily observations.

Insurance

U.S. sectors and themes

Insurance and related businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
KIE ↗USD · U.S. dollar · Adjusted market price	+408.76%	+8.47%	−75.30%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

KIE: 2007-05-16 → 2009-03-09, −75.30%. 5,030 daily observations.

Aerospace and defense

U.S. sectors and themes

Aircraft, defense systems and related supply chains.

Product / currency	Total return	CAGR	Max. drawdown	Period
ITA ↗USD · U.S. dollar · Adjusted market price	+968.36%	+12.57%	−59.72%	2006-11-03 — 2026-11-0320-year window · 20.00 years
XAR ↗USD · U.S. dollar · Adjusted market price	+993.53%	+17.17%	−46.37%	2011-09-29 — 2026-11-03Available history · 15.10 years

View the peak and trough of each maximum drawdown

ITA: 2007-10-09 → 2009-03-09, −59.72%. 5,030 daily observations.

XAR: 2020-02-12 → 2020-03-23, −46.37%. 3,796 daily observations.

U.S. infrastructure

U.S. sectors and themes

Companies positioned around U.S. infrastructure investment.

Product / currency	Total return	CAGR	Max. drawdown	Period
PAVE ↗USD · U.S. dollar · Adjusted market price	+295.01%	+15.29%	−44.08%	2017-03-08 — 2026-11-03Available history · 9.66 years

View the peak and trough of each maximum drawdown

PAVE: 2020-01-17 → 2020-03-23, −44.08%. 2,429 daily observations.

Homebuilders

U.S. sectors and themes

Home construction and related industries; fund universes differ.

Product / currency	Total return	CAGR	Max. drawdown	Period
ITB ↗USD · U.S. dollar · Adjusted market price	+189.96%	+5.47%	−84.88%	2006-11-03 — 2026-11-0320-year window · 20.00 years
XHB ↗USD · U.S. dollar · Adjusted market price	+274.03%	+6.82%	−78.58%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

ITB: 2007-02-02 → 2009-03-06, −84.88%. 5,030 daily observations.

XHB: 2007-02-02 → 2009-03-09, −78.58%. 5,030 daily observations.

Airlines

U.S. sectors and themes

Airlines and other eligible air-travel businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
JETS ↗USD · U.S. dollar · Adjusted market price	+20.79%	+1.65%	−64.73%	2015-04-30 — 2026-11-03Available history · 11.51 years

View the peak and trough of each maximum drawdown

JETS: 2018-01-12 → 2020-05-15, −64.73%. 2,896 daily observations.

Retail

U.S. sectors and themes

Retail businesses across eligible formats.

Product / currency	Total return	CAGR	Max. drawdown	Period
XRT ↗USD · U.S. dollar · Adjusted market price	+480.19%	+9.19%	−65.82%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

XRT: 2007-06-01 → 2008-11-20, −65.82%. 5,030 daily observations.

Global clean energy

U.S. sectors and themes

Clean-energy companies across multiple countries.

Product / currency	Total return	CAGR	Max. drawdown	Period
ICLN ↗USD · U.S. dollar · Adjusted market price	−56.16%	−4.39%	−87.19%	2008-06-25 — 2026-11-03Available history · 18.36 years

View the peak and trough of each maximum drawdown

ICLN: 2008-06-25 → 2012-07-25, −87.19%. 4,619 daily observations.

Global solar energy

U.S. sectors and themes

Equities across the solar energy supply chain.

Product / currency	Total return	CAGR	Max. drawdown	Period
TAN ↗USD · U.S. dollar · Adjusted market price	−77.40%	−7.70%	−95.29%	2008-04-15 — 2026-11-03Available history · 18.55 years

View the peak and trough of each maximum drawdown

TAN: 2008-05-16 → 2012-11-20, −95.29%. 4,669 daily observations.

Lithium and batteries

U.S. sectors and themes

Lithium mining, processing and battery-related businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
LIT ↗USD · U.S. dollar · Adjusted market price	+128.14%	+5.20%	−65.91%	2010-07-23 — 2026-11-03Available history · 16.28 years

View the peak and trough of each maximum drawdown

LIT: 2021-11-08 → 2025-04-08, −65.91%. 4,096 daily observations.

Uranium and uranium miners

U.S. sectors and themes

Uranium-related businesses and holdings; fund structures differ.

Product / currency	Total return	CAGR	Max. drawdown	Period
URA ↗USD · U.S. dollar · Adjusted market price	−50.48%	−4.30%	−93.54%	2010-11-05 — 2026-11-03Available history · 15.99 years
URNM ↗USD · U.S. dollar · Adjusted market price	+294.11%	+21.93%	−50.80%	2019-12-04 — 2026-11-03Available history · 6.92 years

View the peak and trough of each maximum drawdown

URA: 2011-02-02 → 2020-03-18, −93.54%. 4,022 daily observations.

URNM: 2026-01-28 → 2026-11-03, −50.80%. 1,738 daily observations.

Water

U.S. sectors and themes

Water infrastructure, treatment and related businesses.

Product / currency	Total return	CAGR	Max. drawdown	Period
PHO ↗USD · U.S. dollar · Adjusted market price	+381.73%	+8.18%	−55.63%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

PHO: 2008-06-05 → 2009-03-09, −55.63%. 5,030 daily observations.

Listed real estate

U.S. sectors and themes

REITs and other listed real estate exposure.

Product / currency	Total return	CAGR	Max. drawdown	Period
VNQ ↗USD · U.S. dollar · Adjusted market price	+198.99%	+5.63%	−73.07%	2006-11-03 — 2026-11-0320-year window · 20.00 years
IYR ↗USD · U.S. dollar · Adjusted market price	+161.05%	+4.91%	−74.13%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VNQ: 2007-02-07 → 2009-03-06, −73.07%. 5,030 daily observations.

IYR: 2007-02-07 → 2009-03-06, −74.13%. 5,030 daily observations.

S&P 500 Equal Weight

U.S. investment styles

Rebalances S&P 500 constituents toward equal weights.

Product / currency	Total return	CAGR	Max. drawdown	Period
RSP ↗USD · U.S. dollar · Adjusted market price	+565.03%	+9.94%	−59.92%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

RSP: 2007-07-19 → 2009-03-09, −59.92%. 5,030 daily observations.

S&P 500 Momentum

U.S. investment styles

Selects S&P 500 companies using momentum measures.

Product / currency	Total return	CAGR	Max. drawdown	Period
SPMO ↗USD · U.S. dollar · Adjusted market price	+499.74%	+17.58%	−30.95%	2015-10-12 — 2026-11-03Available history · 11.06 years

View the peak and trough of each maximum drawdown

SPMO: 2020-02-19 → 2020-03-23, −30.95%. 2,782 daily observations.

MSCI USA Momentum

U.S. investment styles

A U.S. momentum strategy under MSCI methodology.

Product / currency	Total return	CAGR	Max. drawdown	Period
MTUM ↗USD · U.S. dollar · Adjusted market price	+539.75%	+14.69%	−34.08%	2013-04-18 — 2026-11-03Available history · 13.54 years

View the peak and trough of each maximum drawdown

MTUM: 2020-02-19 → 2020-03-23, −34.08%. 3,408 daily observations.

S&P 500 Low Volatility

U.S. investment styles

Selects lower-volatility shares from the S&P 500.

Product / currency	Total return	CAGR	Max. drawdown	Period
SPLV ↗USD · U.S. dollar · Adjusted market price	+343.30%	+10.08%	−36.26%	2011-05-05 — 2026-11-03Available history · 15.50 years

View the peak and trough of each maximum drawdown

SPLV: 2020-02-14 → 2020-03-23, −36.26%. 3,898 daily observations.

MSCI USA Minimum Volatility

U.S. investment styles

Uses portfolio optimization to seek lower aggregate volatility.

Product / currency	Total return	CAGR	Max. drawdown	Period
USMV ↗USD · U.S. dollar · Adjusted market price	+435.65%	+11.81%	−33.10%	2011-10-20 — 2026-11-03Available history · 15.04 years

View the peak and trough of each maximum drawdown

USMV: 2020-02-14 → 2020-03-23, −33.10%. 3,781 daily observations.

MSCI USA Sector Neutral Quality

U.S. investment styles

A quality screen designed to control sector deviations.

Product / currency	Total return	CAGR	Max. drawdown	Period
QUAL ↗USD · U.S. dollar · Adjusted market price	+434.65%	+13.44%	−34.06%	2013-07-18 — 2026-11-03Available history · 13.29 years

View the peak and trough of each maximum drawdown

QUAL: 2020-02-19 → 2020-03-23, −34.06%. 3,345 daily observations.

S&P 500 Quality

U.S. investment styles

Selects companies using quality-related financial measures.

Product / currency	Total return	CAGR	Max. drawdown	Period
SPHQ ↗USD · U.S. dollar · Adjusted market price	+619.98%	+10.37%	−57.83%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

SPHQ: 2007-10-29 → 2008-11-20, −57.83%. 5,030 daily observations.

U.S. enhanced value

U.S. investment styles

A value strategy using multiple valuation measures.

Product / currency	Total return	CAGR	Max. drawdown	Period
VLUE ↗USD · U.S. dollar · Adjusted market price	+438.82%	+13.24%	−39.47%	2013-04-18 — 2026-11-03Available history · 13.54 years

View the peak and trough of each maximum drawdown

VLUE: 2020-02-12 → 2020-03-23, −39.47%. 3,408 daily observations.

Dow Jones U.S. Dividend 100

U.S. investment styles

A dividend strategy with financial-quality screening.

Product / currency	Total return	CAGR	Max. drawdown	Period
SCHD ↗USD · U.S. dollar · Adjusted market price	+586.40%	+13.66%	−33.37%	2011-10-20 — 2026-11-03Available history · 15.04 years

View the peak and trough of each maximum drawdown

SCHD: 2020-01-23 → 2020-03-23, −33.37%. 3,781 daily observations.

FTSE High Dividend Yield

U.S. investment styles

U.S. equities with relatively high expected dividend yields.

Product / currency	Total return	CAGR	Max. drawdown	Period
VYM ↗USD · U.S. dollar · Adjusted market price	+493.21%	+9.33%	−56.98%	2006-11-16 — 2026-11-03Available history · 19.96 years

View the peak and trough of each maximum drawdown

VYM: 2007-10-09 → 2009-03-05, −56.98%. 5,021 daily observations.

S&P U.S. Dividend Growers

U.S. investment styles

Companies with a qualifying record of dividend growth.

Product / currency	Total return	CAGR	Max. drawdown	Period
VIG ↗USD · U.S. dollar · Adjusted market price	+606.31%	+10.27%	−46.81%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VIG: 2007-10-09 → 2009-03-09, −46.81%. 5,030 daily observations.

S&P 500 Dividend Aristocrats

U.S. investment styles

S&P 500 companies with a qualifying record of annual dividend increases.

Product / currency	Total return	CAGR	Max. drawdown	Period
NOBL ↗USD · U.S. dollar · Adjusted market price	+281.27%	+10.79%	−35.43%	2013-10-10 — 2026-11-03Available history · 13.06 years

View the peak and trough of each maximum drawdown

NOBL: 2020-01-17 → 2020-03-23, −35.43%. 3,286 daily observations.

Free cash flow yield

U.S. investment styles

Selects companies using free-cash-flow yield criteria.

Product / currency	Total return	CAGR	Max. drawdown	Period
COWZ ↗USD · U.S. dollar · Adjusted market price	+246.53%	+13.43%	−38.63%	2016-12-22 — 2026-11-03Available history · 9.87 years

View the peak and trough of each maximum drawdown

COWZ: 2020-01-17 → 2020-03-23, −38.63%. 2,479 daily observations.

Buybacks and multi-factor

U.S. investment styles

Distinct strategies based on share repurchases or multiple factors.

Product / currency	Total return	CAGR	Max. drawdown	Period
PKW ↗USD · U.S. dollar · Adjusted market price	+642.25%	+10.61%	−54.58%	2006-12-20 — 2026-11-03Available history · 19.87 years
LRGF ↗USD · U.S. dollar · Adjusted market price	+274.59%	+12.15%	−36.03%	2015-04-30 — 2026-11-03Available history · 11.51 years

View the peak and trough of each maximum drawdown

PKW: 2007-06-04 → 2009-03-09, −54.58%. 4,998 daily observations.

LRGF: 2020-02-19 → 2020-03-23, −36.03%. 2,896 daily observations.

FTSE Global All Cap

U.S.-listed funds investing worldwide

Developed and emerging equity markets across company sizes.

Product / currency	Total return	CAGR	Max. drawdown	Period
VT ↗USD · U.S. dollar · Adjusted market price	+359.22%	+8.66%	−50.26%	2008-06-26 — 2026-11-03Available history · 18.36 years

View the peak and trough of each maximum drawdown

VT: 2008-06-26 → 2009-03-09, −50.26%. 4,618 daily observations.

MSCI World

U.S.-listed funds investing worldwide

Developed-market equities; emerging markets are excluded.

Product / currency	Total return	CAGR	Max. drawdown	Period
URTH ↗USD · U.S. dollar · Adjusted market price	+434.49%	+11.98%	−34.01%	2012-01-12 — 2026-11-03Available history · 14.81 years

View the peak and trough of each maximum drawdown

URTH: 2020-02-12 → 2020-03-23, −34.01%. 3,724 daily observations.

MSCI ACWI

U.S.-listed funds investing worldwide

Developed and emerging-market equities.

Product / currency	Total return	CAGR	Max. drawdown	Period
ACWI ↗USD · U.S. dollar · Adjusted market price	+339.83%	+8.29%	−56.28%	2008-03-28 — 2026-11-03Available history · 18.60 years

View the peak and trough of each maximum drawdown

ACWI: 2008-05-16 → 2009-03-09, −56.28%. 4,681 daily observations.

Global equities excluding the U.S.

U.S.-listed funds investing worldwide

International equity exposure outside the United States.

Product / currency	Total return	CAGR	Max. drawdown	Period
VXUS ↗USD · U.S. dollar · Adjusted market price	+164.51%	+6.36%	−35.97%	2011-01-28 — 2026-11-03Available history · 15.77 years
IXUS ↗USD · U.S. dollar · Adjusted market price	+177.54%	+7.55%	−36.22%	2012-10-24 — 2026-11-03Available history · 14.03 years

View the peak and trough of each maximum drawdown

VXUS: 2018-01-26 → 2020-03-23, −35.97%. 3,965 daily observations.

IXUS: 2018-01-26 → 2020-03-23, −36.22%. 3,526 daily observations.

Developed markets excluding the U.S.

U.S.-listed funds investing worldwide

Developed-market exposure; Canada coverage varies by benchmark.

Product / currency	Total return	CAGR	Max. drawdown	Period
VEA ↗USD · U.S. dollar · Adjusted market price	+158.03%	+5.04%	−60.69%	2007-07-26 — 2026-11-03Available history · 19.27 years
IEFA ↗USD · U.S. dollar · Adjusted market price	+201.84%	+8.19%	−34.79%	2012-10-24 — 2026-11-03Available history · 14.03 years

View the peak and trough of each maximum drawdown

VEA: 2007-10-31 → 2009-03-09, −60.69%. 4,850 daily observations.

IEFA: 2018-01-26 → 2020-03-23, −34.79%. 3,526 daily observations.

Emerging markets

U.S.-listed funds investing worldwide

Emerging-market equities; providers differ in classifying countries such as South Korea.

Product / currency	Total return	CAGR	Max. drawdown	Period
VWO ↗USD · U.S. dollar · Adjusted market price	+167.73%	+5.05%	−67.68%	2006-11-03 — 2026-11-0320-year window · 20.00 years
IEMG ↗USD · U.S. dollar · Adjusted market price	+117.92%	+5.71%	−38.71%	2012-10-24 — 2026-11-03Available history · 14.03 years
EEM ↗USD · U.S. dollar · Adjusted market price	+169.10%	+5.07%	−66.43%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VWO: 2007-10-31 → 2008-11-20, −67.68%. 5,030 daily observations.

IEMG: 2018-01-26 → 2020-03-23, −38.71%. 3,526 daily observations.

EEM: 2007-10-31 → 2008-11-20, −66.43%. 5,030 daily observations.

Europe

U.S.-listed funds investing worldwide

European equity exposure under different benchmark universes.

Product / currency	Total return	CAGR	Max. drawdown	Period
VGK ↗USD · U.S. dollar · Adjusted market price	+182.96%	+5.34%	−63.61%	2006-11-03 — 2026-11-0320-year window · 20.00 years
IEV ↗USD · U.S. dollar · Adjusted market price	+160.55%	+4.90%	−63.27%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

VGK: 2007-10-31 → 2009-03-09, −63.61%. 5,030 daily observations.

IEV: 2007-10-31 → 2009-03-09, −63.27%. 5,030 daily observations.

Japan

U.S.-listed funds investing worldwide

Japanese equities; currency-hedging policies differ across products.

Product / currency	Total return	CAGR	Max. drawdown	Period
EWJ ↗USD · U.S. dollar · Adjusted market price	+138.07%	+4.43%	−53.55%	2006-11-03 — 2026-11-0320-year window · 20.00 years
DXJ ↗USD · U.S. dollar · Adjusted market price	+494.18%	+9.32%	−49.63%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

EWJ: 2007-02-26 → 2009-03-09, −53.55%. 5,030 daily observations.

DXJ: 2007-02-26 → 2009-03-09, −49.63%. 5,030 daily observations.

India

U.S.-listed funds investing worldwide

Equity exposure to eligible Indian companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
INDA ↗USD · U.S. dollar · Adjusted market price	+109.93%	+5.16%	−45.07%	2012-02-03 — 2026-11-03Available history · 14.75 years

View the peak and trough of each maximum drawdown

INDA: 2018-01-23 → 2020-03-23, −45.07%. 3,709 daily observations.

Broad China

U.S.-listed funds investing worldwide

Chinese equity exposure across eligible share classes and listings.

Product / currency	Total return	CAGR	Max. drawdown	Period
MCHI ↗USD · U.S. dollar · Adjusted market price	+29.86%	+1.69%	−62.84%	2011-03-31 — 2026-11-03Available history · 15.60 years

View the peak and trough of each maximum drawdown

MCHI: 2021-02-17 → 2022-10-31, −62.84%. 3,922 daily observations.

FTSE China 50

U.S.-listed funds investing worldwide

Large Chinese companies listed in Hong Kong; distinct from FTSE China A50.

Product / currency	Total return	CAGR	Max. drawdown	Period
FXI ↗USD · U.S. dollar · Adjusted market price	+80.13%	+2.99%	−72.68%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

FXI: 2007-10-31 → 2008-10-27, −72.68%. 5,030 daily observations.

CSI 300 A-shares

U.S.-listed funds investing worldwide

U.S.-listed access to the mainland CSI 300 universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
ASHR ↗USD · U.S. dollar · Adjusted market price	+80.64%	+4.66%	−51.30%	2013-11-06 — 2026-11-03Available history · 12.99 years

View the peak and trough of each maximum drawdown

ASHR: 2021-02-17 → 2024-02-02, −51.30%. 3,267 daily observations.

CSI Overseas China Internet

U.S.-listed funds investing worldwide

Overseas-listed Chinese internet companies.

Product / currency	Total return	CAGR	Max. drawdown	Period
KWEB ↗USD · U.S. dollar · Adjusted market price	+13.94%	+0.99%	−80.92%	2013-08-01 — 2026-11-03Available history · 13.26 years

View the peak and trough of each maximum drawdown

KWEB: 2021-02-17 → 2022-10-24, −80.92%. 3,335 daily observations.

MSCI Hong Kong

U.S.-listed funds investing worldwide

Hong Kong equities under MSCI country-classification rules.

Product / currency	Total return	CAGR	Max. drawdown	Period
EWH ↗USD · U.S. dollar · Adjusted market price	+189.34%	+5.46%	−63.58%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

EWH: 2007-10-29 → 2008-11-20, −63.58%. 5,030 daily observations.

Country and regional funds

U.S.-listed funds investing worldwide

Single-country or regional exposures, each with its own market and currency risks.

Product / currency	Total return	CAGR	Max. drawdown	Period
EWG ↗USD · U.S. dollar · Adjusted market price	+176.15%	+5.21%	−63.10%	2006-11-03 — 2026-11-0320-year window · 20.00 years
EWJ ↗USD · U.S. dollar · Adjusted market price	+138.07%	+4.43%	−53.55%	2006-11-03 — 2026-11-0320-year window · 20.00 years
EWT ↗USD · U.S. dollar · Adjusted market price	+715.65%	+11.06%	−62.91%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

EWG: 2007-12-10 → 2009-03-09, −63.10%. 5,030 daily observations.

EWJ: 2007-02-26 → 2009-03-09, −53.55%. 5,030 daily observations.

EWT: 2007-10-29 → 2008-11-20, −62.91%. 5,030 daily observations.

Mainland Chinese government bonds

Mainland China bond categories

Sovereign bonds with maturity-dependent interest-rate exposure.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Policy bank bonds

Mainland China bond categories

Debt issued by Chinese policy banks.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Local government bonds

Mainland China bond categories

Debt issued by mainland local governments.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Corporate and credit bonds

Mainland China bond categories

Corporate borrowers with varying credit quality.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Short-term financing and ultra-short debt

Mainland China bond categories

Shorter-maturity instruments with different issuers and credit risks.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Convertible and exchangeable bonds

Mainland China bond categories

Bonds with equity-linked conversion or exchange features.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Aggregate bonds

Mainland China bond categories

Broad bond universes combining several issuer and maturity categories.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Interbank negotiable certificates of deposit

Mainland China bond categories

Tradable bank certificates of deposit under the strategy's eligibility rules.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

0–3 month U.S. Treasuries

U.S.-listed bond funds

Very short-maturity U.S. Treasury exposure.

Product / currency	Total return	CAGR	Max. drawdown	Period
SGOV ↗USD · U.S. dollar · Adjusted market price	+20.18%	+2.90%	−0.30%	2020-06-01 — 2026-11-03Available history · 6.42 years

View the peak and trough of each maximum drawdown

SGOV: 2026-10-30 → 2026-11-02, −0.30%. 1,616 daily observations.

1–3 month U.S. Treasury bills

U.S.-listed bond funds

Short Treasury bills; income changes as prevailing rates change.

Product / currency	Total return	CAGR	Max. drawdown	Period
BIL ↗USD · U.S. dollar · Adjusted market price	+30.30%	+1.37%	−0.78%	2007-05-30 — 2026-11-03Available history · 19.43 years

View the peak and trough of each maximum drawdown

BIL: 2008-09-29 → 2015-12-09, −0.78%. 4,890 daily observations.

1–3 year U.S. Treasuries

U.S.-listed bond funds

Short-term U.S. government bonds.

Product / currency	Total return	CAGR	Max. drawdown	Period
SHY ↗USD · U.S. dollar · Adjusted market price	+44.95%	+1.87%	−5.71%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

SHY: 2021-08-02 → 2022-10-20, −5.71%. 5,030 daily observations.

7–10 year U.S. Treasuries

U.S.-listed bond funds

Intermediate-to-long Treasury exposure with meaningful rate sensitivity.

Product / currency	Total return	CAGR	Max. drawdown	Period
IEF ↗USD · U.S. dollar · Adjusted market price	+84.30%	+3.10%	−23.92%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

IEF: 2020-08-04 → 2023-10-19, −23.92%. 5,030 daily observations.

20+ year U.S. Treasuries

U.S.-listed bond funds

Long-duration Treasury exposure with substantial interest-rate sensitivity.

Product / currency	Total return	CAGR	Max. drawdown	Period
TLT ↗USD · U.S. dollar · Adjusted market price	+71.03%	+2.72%	−48.35%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

TLT: 2020-08-04 → 2023-10-19, −48.35%. 5,030 daily observations.

U.S. Treasury composite

U.S.-listed bond funds

Treasuries across several maturities.

Product / currency	Total return	CAGR	Max. drawdown	Period
GOVT ↗USD · U.S. dollar · Adjusted market price	+17.57%	+1.11%	−19.07%	2012-02-24 — 2026-11-03Available history · 14.69 years

View the peak and trough of each maximum drawdown

GOVT: 2020-08-04 → 2023-10-19, −19.07%. 3,695 daily observations.

U.S. aggregate bonds

U.S.-listed bond funds

A broad investment-grade U.S. bond universe.

Product / currency	Total return	CAGR	Max. drawdown	Period
AGG ↗USD · U.S. dollar · Adjusted market price	+77.91%	+2.92%	−18.43%	2006-11-03 — 2026-11-0320-year window · 20.00 years
BND ↗USD · U.S. dollar · Adjusted market price	+74.52%	+2.89%	−18.58%	2007-04-10 — 2026-11-03Available history · 19.57 years

View the peak and trough of each maximum drawdown

AGG: 2020-08-04 → 2022-10-20, −18.43%. 5,030 daily observations.

BND: 2020-08-06 → 2022-10-20, −18.58%. 4,925 daily observations.

Investment-grade corporate bonds

U.S.-listed bond funds

Corporate debt meeting investment-grade criteria.

Product / currency	Total return	CAGR	Max. drawdown	Period
LQD ↗USD · U.S. dollar · Adjusted market price	+113.93%	+3.88%	−24.95%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

LQD: 2021-09-22 → 2022-10-20, −24.95%. 5,030 daily observations.

High-yield corporate bonds

U.S.-listed bond funds

Below-investment-grade debt with greater credit risk.

Product / currency	Total return	CAGR	Max. drawdown	Period
HYG ↗USD · U.S. dollar · Adjusted market price	+146.55%	+4.72%	−34.25%	2007-04-11 — 2026-11-03Available history · 19.57 years
JNK ↗USD · U.S. dollar · Adjusted market price	+139.46%	+4.72%	−38.48%	2007-12-04 — 2026-11-03Available history · 18.92 years

View the peak and trough of each maximum drawdown

HYG: 2007-09-19 → 2008-11-20, −34.25%. 4,924 daily observations.

JNK: 2008-01-02 → 2009-03-09, −38.48%. 4,759 daily observations.

Inflation-protected Treasuries

U.S.-listed bond funds

Inflation-linked principal with maturity-dependent real-rate exposure.

Product / currency	Total return	CAGR	Max. drawdown	Period
TIP ↗USD · U.S. dollar · Adjusted market price	+91.80%	+3.31%	−14.51%	2006-11-03 — 2026-11-0320-year window · 20.00 years
VTIP ↗USD · U.S. dollar · Adjusted market price	+33.03%	+2.05%	−6.27%	2012-10-16 — 2026-11-03Available history · 14.05 years

View the peak and trough of each maximum drawdown

TIP: 2021-11-09 → 2023-10-06, −14.51%. 5,030 daily observations.

VTIP: 2020-03-05 → 2020-03-18, −6.27%. 3,532 daily observations.

Floating-rate Treasuries and loans

U.S.-listed bond funds

Distinct exposures: government floating-rate notes and credit-sensitive bank loans.

Product / currency	Total return	CAGR	Max. drawdown	Period
USFR ↗USD · U.S. dollar · Adjusted market price	+28.38%	+1.98%	−2.16%	2014-02-04 — 2026-11-03Available history · 12.74 years
BKLN ↗USD · U.S. dollar · Adjusted market price	+78.88%	+3.78%	−24.17%	2011-03-03 — 2026-11-03Available history · 15.67 years

View the peak and trough of each maximum drawdown

USFR: 2014-02-04 → 2014-12-22, −2.16%. 3,207 daily observations.

BKLN: 2020-01-08 → 2020-03-23, −24.17%. 3,942 daily observations.

Municipal bonds

U.S.-listed bond funds

Debt of eligible U.S. municipal issuers.

Product / currency	Total return	CAGR	Max. drawdown	Period
MUB ↗USD · U.S. dollar · Adjusted market price	+73.70%	+2.93%	−13.68%	2007-09-10 — 2026-11-03Available history · 19.15 years

View the peak and trough of each maximum drawdown

MUB: 2020-03-09 → 2020-03-19, −13.68%. 4,819 daily observations.

Emerging-market bonds

U.S.-listed bond funds

Emerging-market debt with sovereign, credit and currency considerations.

Product / currency	Total return	CAGR	Max. drawdown	Period
EMB ↗USD · U.S. dollar · Adjusted market price	+124.48%	+4.38%	−34.70%	2007-12-19 — 2026-11-03Available history · 18.88 years

View the peak and trough of each maximum drawdown

EMB: 2008-05-21 → 2008-10-28, −34.70%. 4,748 daily observations.

International bonds

U.S.-listed bond funds

Bonds outside the U.S.; currency hedging depends on the product.

Product / currency	Total return	CAGR	Max. drawdown	Period
BNDX ↗USD · U.S. dollar · Adjusted market price	+34.09%	+2.21%	−16.23%	2013-06-04 — 2026-11-03Available history · 13.42 years

View the peak and trough of each maximum drawdown

BNDX: 2020-12-11 → 2022-10-20, −16.23%. 3,376 daily observations.

Gold: spot and physically backed products

Commodities, currencies and freight

Gold exposure through the product's specific holding and trust structure.

Product / currency	Total return	CAGR	Max. drawdown	Period
518880 ↗CNY · Renminbi · NAV, reinvested	+201.44%	+8.65%	−33.07%	2013-07-18 — 2026-11-03Available history · 13.29 years
GLD ↗USD · U.S. dollar · Adjusted market price	+476.66%	+9.16%	−45.56%	2006-11-03 — 2026-11-0320-year window · 20.00 years
IAU ↗USD · U.S. dollar · Adjusted market price	+490.40%	+9.28%	−45.14%	2006-11-03 — 2026-11-0320-year window · 20.00 years
2840.HK ↗	Pending verification · This series failed coverage or anomaly checks. Return figures are withheld.

View the peak and trough of each maximum drawdown

518880: 2026-01-29 → 2026-11-02, −33.07%. 3,237 daily observations.

GLD: 2011-08-22 → 2015-12-17, −45.56%. 5,030 daily observations.

IAU: 2011-08-22 → 2015-12-02, −45.14%. 5,030 daily observations.

2840.HK: Data pending verification.

Silver

Commodities, currencies and freight

Silver exposure through the product's holding structure.

Product / currency	Total return	CAGR	Max. drawdown	Period
SLV ↗USD · U.S. dollar · Adjusted market price	+257.23%	+6.57%	−76.28%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

SLV: 2011-04-28 → 2020-03-18, −76.28%. 5,030 daily observations.

Platinum and palladium

Commodities, currencies and freight

Separate precious-metal exposures.

Product / currency	Total return	CAGR	Max. drawdown	Period
PPLT ↗USD · U.S. dollar · Adjusted market price	−19.37%	−1.27%	−70.73%	2010-01-08 — 2026-11-03Available history · 16.82 years
PALL ↗USD · U.S. dollar · Adjusted market price	+96.20%	+4.09%	−73.63%	2010-01-08 — 2026-11-03Available history · 16.82 years

View the peak and trough of each maximum drawdown

PPLT: 2011-08-22 → 2020-03-19, −70.73%. 4,231 daily observations.

PALL: 2022-03-08 → 2024-08-05, −73.63%. 4,231 daily observations.

U.S. dollar index and individual currencies

Commodities, currencies and freight

Currency strategies with different benchmarks and implementation structures.

Product / currency	Total return	CAGR	Max. drawdown	Period
UUP ↗USD · U.S. dollar · Adjusted market price	+41.17%	+1.77%	−22.19%	2007-03-01 — 2026-11-03Available history · 19.68 years
FXE ↗USD · U.S. dollar · Adjusted market price	−7.87%	−0.41%	−43.33%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

UUP: 2008-11-20 → 2011-07-26, −22.19%. 4,952 daily observations.

FXE: 2008-07-11 → 2022-09-27, −43.33%. 5,030 daily observations.

Gold miners

Commodities, currencies and freight

Mining-company equities, which behave differently from physical gold.

Product / currency	Total return	CAGR	Max. drawdown	Period
GDX ↗USD · U.S. dollar · Adjusted market price	+135.67%	+4.38%	−80.57%	2006-11-03 — 2026-11-0320-year window · 20.00 years
GDXJ ↗USD · U.S. dollar · Adjusted market price	+32.31%	+1.66%	−88.66%	2009-11-11 — 2026-11-03Available history · 16.98 years

View the peak and trough of each maximum drawdown

GDX: 2011-09-08 → 2016-01-19, −80.57%. 5,030 daily observations.

GDXJ: 2011-04-08 → 2016-01-19, −88.66%. 4,270 daily observations.

Crude oil futures

Commodities, currencies and freight

Futures-based oil exposure, affected by contract selection and roll costs.

Product / currency	Total return	CAGR	Max. drawdown	Period
USO ↗USD · U.S. dollar · Adjusted market price	−62.47%	−4.78%	−98.19%	2006-11-03 — 2026-11-0320-year window · 20.00 years

View the peak and trough of each maximum drawdown

USO: 2008-07-14 → 2020-04-28, −98.19%. 5,030 daily observations.

Natural gas futures

Commodities, currencies and freight

Natural gas futures exposure with potentially substantial volatility and roll effects.

Product / currency	Total return	CAGR	Max. drawdown	Period
UNG ↗USD · U.S. dollar · Adjusted market price	−99.86%	−28.54%	−99.89%	2007-04-18 — 2026-11-03Available history · 19.55 years

View the peak and trough of each maximum drawdown

UNG: 2008-07-01 → 2026-11-02, −99.89%. 4,919 daily observations.

Broad commodity futures

Commodities, currencies and freight

Multi-commodity strategies; indices and management approaches differ.

Product / currency	Total return	CAGR	Max. drawdown	Period
DBC ↗USD · U.S. dollar · Adjusted market price	+66.21%	+2.57%	−76.36%	2006-11-03 — 2026-11-0320-year window · 20.00 years
PDBC ↗USD · U.S. dollar · Adjusted market price	+71.76%	+4.62%	−49.52%	2014-11-07 — 2026-11-03Available history · 11.99 years

View the peak and trough of each maximum drawdown

DBC: 2008-07-02 → 2020-04-27, −76.36%. 5,030 daily observations.

PDBC: 2014-11-07 → 2020-04-28, −49.52%. 3,014 daily observations.

Agricultural and grain futures

Commodities, currencies and freight

Agricultural futures baskets or single-crop exposures.

Product / currency	Total return	CAGR	Max. drawdown	Period
DBA ↗USD · U.S. dollar · Adjusted market price	+27.45%	+1.23%	−67.97%	2007-01-05 — 2026-11-03Available history · 19.83 years
CORN ↗USD · U.S. dollar · Adjusted market price	−31.65%	−2.29%	−78.09%	2010-06-09 — 2026-11-03Available history · 16.40 years
WEAT ↗USD · U.S. dollar · Adjusted market price	−82.15%	−10.77%	−84.32%	2011-09-19 — 2026-11-03Available history · 15.12 years
SOYB ↗USD · U.S. dollar · Adjusted market price	+4.89%	+0.32%	−53.76%	2011-09-19 — 2026-11-03Available history · 15.12 years

View the peak and trough of each maximum drawdown

DBA: 2008-02-26 → 2020-06-26, −67.97%. 4,989 daily observations.

CORN: 2012-08-21 → 2020-08-04, −78.09%. 4,127 daily observations.

WEAT: 2012-09-14 → 2025-12-17, −84.32%. 3,804 daily observations.

SOYB: 2012-09-04 → 2020-04-28, −53.76%. 3,804 daily observations.

Industrial metals and copper

Commodities, currencies and freight

CPER uses copper futures; COPX holds copper-mining equities.

Product / currency	Total return	CAGR	Max. drawdown	Period
CPER ↗USD · U.S. dollar · Adjusted market price	+52.94%	+2.88%	−57.83%	2011-11-15 — 2026-11-03Available history · 14.97 years
COPX ↗USD · U.S. dollar · Adjusted market price	+129.80%	+5.16%	−83.16%	2010-04-20 — 2026-11-03Available history · 16.54 years

View the peak and trough of each maximum drawdown

CPER: 2012-02-09 → 2015-02-02, −57.83%. 3,763 daily observations.

COPX: 2011-04-06 → 2016-01-20, −83.16%. 4,162 daily observations.

Freight futures

Commodities, currencies and freight

BWET focuses on tanker freight; BDRY on dry-bulk freight futures.

Product / currency	Total return	CAGR	Max. drawdown	Period
BWET ↗USD · U.S. dollar · Adjusted market price	+5894.26%	+221.57%	−56.90%	2023-05-03 — 2026-11-03Available history · 3.50 years
BDRY ↗USD · U.S. dollar · Adjusted market price	−51.39%	−8.03%	−89.16%	2018-03-22 — 2026-11-03Available history · 8.62 years

View the peak and trough of each maximum drawdown

BWET: 2023-06-15 → 2025-01-06, −56.90%. 880 daily observations.

BDRY: 2021-10-06 → 2023-07-19, −89.16%. 2,167 daily observations.

Covered-call strategies

Specialized exchange-traded strategies

Combines equity exposure with call writing, exchanging some upside for option premiums.

Product / currency	Total return	CAGR	Max. drawdown	Period
QYLD ↗USD · U.S. dollar · Adjusted market price	+180.70%	+8.33%	−24.75%	2013-12-12 — 2026-11-03Available history · 12.89 years
XYLD ↗USD · U.S. dollar · Adjusted market price	+191.18%	+8.33%	−33.46%	2013-06-24 — 2026-11-03Available history · 13.36 years

View the peak and trough of each maximum drawdown

QYLD: 2020-02-19 → 2020-03-16, −24.75%. 3,242 daily observations.

XYLD: 2020-02-19 → 2020-03-23, −33.46%. 3,362 daily observations.

Active option-income strategies

Specialized exchange-traded strategies

Actively managed equity and option-linked income strategies.

Product / currency	Total return	CAGR	Max. drawdown	Period
JEPI ↗USD · U.S. dollar · Adjusted market price	+96.48%	+11.03%	−13.71%	2020-05-21 — 2026-11-03Available history · 6.45 years
JEPQ ↗USD · U.S. dollar · Adjusted market price	+80.06%	+13.96%	−20.07%	2022-05-04 — 2026-11-03Available history · 4.50 years

View the peak and trough of each maximum drawdown

JEPI: 2022-04-20 → 2022-09-30, −13.71%. 1,622 daily observations.

JEPQ: 2025-02-19 → 2025-04-08, −20.07%. 1,130 daily observations.

Managed futures and trend following

Specialized exchange-traded strategies

Futures-based strategies responding to trends across asset classes.

Product / currency	Total return	CAGR	Max. drawdown	Period
KMLM ↗USD · U.S. dollar · Adjusted market price	+46.39%	+6.65%	−31.01%	2020-12-02 — 2026-11-03Available history · 5.92 years
DBMF ↗USD · U.S. dollar · Adjusted market price	+97.65%	+9.52%	−20.39%	2019-05-08 — 2026-11-03Available history · 7.49 years

View the peak and trough of each maximum drawdown

KMLM: 2022-10-14 → 2025-06-20, −31.01%. 1,487 daily observations.

DBMF: 2022-10-20 → 2023-03-24, −20.39%. 1,884 daily observations.

Multi-asset and risk parity

Specialized exchange-traded strategies

Combines assets using allocation or risk-balancing rules.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Buffer and defined-outcome strategies

Specialized exchange-traded strategies

Options shape gains and losses over a specified outcome period; terms matter.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Leveraged and inverse products

Specialized exchange-traded strategies

Targets daily multiples or inverse returns; long-run results depend on the path.

Product / currency	Total return	CAGR	Max. drawdown	Period
TQQQ ↗USD · U.S. dollar · Adjusted market price	+29409.93%	+40.50%	−81.66%	2010-02-11 — 2026-11-03Available history · 16.73 years
SQQQ ↗USD · U.S. dollar · Adjusted market price	≈−100%	−52.03%	≈−100%	2010-02-11 — 2026-11-03Available history · 16.73 years
SPXL ↗USD · U.S. dollar · Adjusted market price	+8122.34%	+27.77%	−76.86%	2008-11-05 — 2026-11-03Available history · 17.99 years

View the peak and trough of each maximum drawdown

TQQQ: 2021-11-19 → 2022-12-28, −81.66%. 4,208 daily observations.

SQQQ: 2010-02-11 → 2026-10-06, ≈−100%. 4,208 daily observations.

SPXL: 2020-02-19 → 2020-03-23, −76.86%. 4,526 daily observations.

Volatility futures

Specialized exchange-traded strategies

VIX futures exposure; VIXY and the VXX ETN have different legal structures.

Product / currency	Total return	CAGR	Max. drawdown	Period
VIXY ↗USD · U.S. dollar · Adjusted market price	≈−100%	−48.36%	≈−100%	2011-01-04 — 2026-11-03Available history · 15.83 years
VXX ↗USD · U.S. dollar · Adjusted market price	−98.93%	−40.41%	−99.62%	2018-01-25 — 2026-11-03Available history · 8.77 years

View the peak and trough of each maximum drawdown

VIXY: 2011-10-03 → 2026-10-13, ≈−100%. 3,982 daily observations.

VXX: 2020-03-18 → 2026-10-13, −99.62%. 2,206 daily observations.

Bitcoin and Ether

Specialized exchange-traded strategies

Cryptoasset exposure through the product's specific structure.

Product / currency	Total return	CAGR	Max. drawdown	Period
IBIT ↗USD · U.S. dollar · Adjusted market price	+65.41%	+19.60%	−53.30%	2024-01-11 — 2026-11-03Available history · 2.81 years
ETHA ↗USD · U.S. dollar · Adjusted market price	−34.22%	−16.78%	−67.91%	2024-07-23 — 2026-11-03Available history · 2.28 years

View the peak and trough of each maximum drawdown

IBIT: 2025-10-06 → 2026-06-30, −53.30%. 706 daily observations.

ETHA: 2025-08-22 → 2026-06-25, −67.91%. 574 daily observations.

Single-stock ETFs

Specialized exchange-traded strategies

Concentrated exposure to one company, sometimes with leverage or options.

This is an index or strategy category without a single specified representative product. Consult the official fund directories for a specific fund.

Active thematic ETFs

Specialized exchange-traded strategies

Actively selected thematic equities; ARKK is not an index-tracking fund.

Product / currency	Total return	CAGR	Max. drawdown	Period
ARKK ↗USD · U.S. dollar · Adjusted market price	+336.72%	+13.06%	−80.91%	2014-10-31 — 2026-11-03Available history · 12.01 years

View the peak and trough of each maximum drawdown

ARKK: 2021-02-12 → 2022-12-28, −80.91%. 3,019 daily observations.

Build your own judgment

From “What went up most?”
to “What do I actually own?”

A useful comparison begins with the assets you want to hold, then the vehicle used to hold them. History helps build intuition. The fund’s rules tell you how its basket can change.

Define the role
Is this money for long-term growth, diversification or short-term cash management? Equities, long bonds and short bonds serve different purposes.
Open the methodology and holdings
Check geography, industries, company size, selection and weighting. Compare top-ten holdings across funds to spot overlapping bets.
Put return and risk in the same period
Consider total return, CAGR, drawdown depth and duration together. Repeat the comparison from different starting dates rather than relying on one attractive stretch.
Inspect the vehicle
Compare fees, tracking differences, size, liquidity, bid–ask spreads, premiums or discounts, structure and currency. The expense ratio is not the only cost.
Choose a holding plan you can sustain
Reserve the cash you need before deciding contribution timing and rebalancing rules. A plan needs room for market volatility and for life.

You do not need every ticker.
First, know what is in the basket.
Then decide how much of your world
it should hold.

Continue exploring the Academy ↗

Five questions for the classroom

Does buying SPY and VOO double diversification?
No. Both track the S&P 500 and their principal holdings overlap heavily.
Are the CSI 500 and CSI A500 the same index?
No. Their selection universes, industry coverage and rules differ.
Do U.S.-listed ETFs invest only in the U.S.?
No. They can hold assets in China, Europe or worldwide.
Does a 10% distribution mean a 10% profit?
No. Include the change in fund value as well as cash distributions.
Does a historical 20% maximum drawdown cap future losses at 20%?
No. Historical maximum drawdown is not a risk limit.

Make the numbers traceable

Data and methodology

This article reorganizes and expands the supplied teaching handout on Chinese and U.S. ETF indices. Historical metrics are calculated by this site from public market data. They are not issuers’ official performance tables or trading recommendations. Past performance does not predict future results.

Observation period: The common cutoff is November 3, 2026; the target starting date is November 3, 2006. Products with shorter histories begin at their first valid NAV or trading observation. Each row shows its actual period. The first available record may differ from inception or listing, so incomplete coverage is labeled “Available history.” We do not splice pre-launch index backtests into fund histories. Tracker Fund of Hong Kong, 2800.HK, listed in 1999, but this source begins in 2008. That coverage gap remains explicit: it is neither a complete 20-year nor a since-inception record.
Prices and returns: Mainland products use unit NAV, cash distributions per unit and share-conversion records disclosed by Eastmoney. Returns compound each period as (current NAV × share-conversion ratio + distribution per unit) / previous NAV. A few early observations during portfolio establishment may be weekly. Other products use Yahoo Finance daily adjusted close, incorporating distributions and splits under the vendor’s methodology as an approximation to market-price total return. NAV return and market-price return differ and are labeled separately. Actual returns also depend on execution timing, commissions, spreads, personal taxes and reinvestment conditions. Fund operating expenses are already reflected in performance and are not deducted twice.
Calculations: Total return = ending value / starting value − 1. CAGR = (ending value / starting value)^{365.2425 / actual calendar days} − 1. Maximum drawdown = min_t(reinvested wealth at date t / highest reinvested wealth through t − 1). Histories shorter than one year are not annualized.
Currencies and comparability: CNY, HKD and USD are labeled separately. Results are not currency-hedged, converted to renminbi or adjusted for inflation. Renminbi return is approximately (1 + foreign-currency asset return) × (1 + change in that currency versus renminbi) − 1. Different start dates, crisis coverage and product rules prevent a direct ranking of investment ability.
Coverage limits: Figures are displayed only for series passing daily-frequency, endpoint-coverage, positive-value and abnormal-jump checks. Missing results are “Pending verification,” never zero or a substitute fund’s return. Drawdowns based on daily closes or NAV cannot capture intraday extremes. Vendors may revise historical distributions or splits. Confirm name changes, benchmark changes and current fund status in the issuer’s latest documents.
Share-conversion corrections: Some historical share conversions for 159922, 159943 and 512100 were missing or assigned to the wrong date. They were corrected using the Harvest annual report, Dacheng fund report and Southern fund annual report, respectively. The 2840.HK series mixes prices in different currencies and remains pending verification.
Sources you can inspect: Every product ticker links to its historical NAV or price source. Official definitions and product rules are linked below. Of 236 products, 235 passed calculation checks and 1 is pending verification.

SSE ETF learning center · HKEX exchange-traded products: structures, classifications and trading mechanisms.
China Securities Index · CNI Index: A-share methodologies and product lookups; CSI A500 methodology (Chinese).
Tracker Fund history · Hang Seng product licensing directory · Hang Seng TECH: universes, rules and related products.
S&P 500 · FTSE Russell U.S. indices.
Nasdaq-100 · Invesco QQQ: the large non-financial company universe.
ProShares TQQQ · Global X QYLD · USCF USO: daily leverage, covered calls and oil futures.
Schwab SCHD · iShares SGOV · iShares TLT: dividend strategies and different bond durations.
SSE fund directory · SZSE ETF directory · HKEX ETP directory · Nasdaq ETF screener: find products beyond this guide.

An index is a list with rules. An ETF turns it into something you can own.

A share

An index

An index ETF

Similar names can hide different holdings. Different names can hold the same things.

The same list can produce different results.

Three markets. Many ways to see the world.

From size to industry

Several views of China

Beyond the biggest names

Get to know a few baskets before expanding the map.

Return measures the distance. Drawdown reveals the terrain.

S&P 500 · SPY

Three numbers answer three different questions.

How much did it gain?

What is the yearly equivalent?

How far did it fall on the way?

A deeper loss needs a bigger recovery.

You buy one fund. You experience an entire investment chain.

Why do ETFs usually trade close to NAV?

A premium changes your purchase cost.

A distribution does not create free wealth.

Different baskets carry different risks.

The index and ETF directory.

CSI 300

CSI 500

CSI 1000

CSI 2000

CSI 800

CSI All Share

CNI 2000

CSI A500

CSI A50

CSI A100 (formerly CSI 100)

FTSE China A50

MSCI China A 50 Connect

CSI Shanghai–Shenzhen–Hong Kong 500

SSE Composite

SSE 50

SSE 180

SZSE Component

SZSE 100 and SZSE 50

SME 100

ChiNext 100

ChiNext 50

STAR 50

STAR 100 and STAR 200

STAR Composite

STAR & ChiNext 50

Consumer staples

Consumer discretionary

Food, beverages and liquor

Home appliances

Tourism and hotels

Agriculture

Livestock breeding

Banking

Securities companies

Financials, property and non-bank financials

Health care

Medical services and equipment

Innovative drugs

Traditional Chinese medicine

Biotechnology

Defense

Automotive supply chains

Machinery and machine tools

Infrastructure and construction materials

Real estate

Transportation and logistics

Semiconductor products and equipment

CNI Semiconductor Chips

Electronics and consumer hardware

Computers and software

Cloud computing and big data

Artificial intelligence

Robotics

5G and communications

Domestic IT and cybersecurity

Media, animation and gaming

An index is a list with rules.
An ETF turns it into something you can own.

Three markets.
Many ways to see the world.

Return measures the distance.
Drawdown reveals the terrain.

You buy one fund.
You experience an entire investment chain.