China Southern CSI SWS Non-Ferrous Metal ETF (512400) Up 2.3%+, Eyes Fourth Consecutive Gain

As of 09:42 on January 6, 2026, the Metal ETF (512400) rose 2.37%, aiming for its fourth consecutive gain, with the latest price at 2.03 yuan. Over a longer timeframe, the ETF gained 7.26% over the past two weeks as of January 5, 2026. (The stocks listed above are index constituents only and do not constitute specific recommendations.)

In terms of liquidity, the Metal ETF recorded an intraday turnover rate of 1.06% and trading volume of 238 million yuan. Over a longer period, its average daily trading volume reached 1.536 billion yuan over the past week as of January 5.

Scale-wise, the Metal ETF's latest size hit 22.072 billion yuan, marking a one-year high. (Data source: Wind)

In terms of shares outstanding, the Metal ETF's latest share count reached 11.153 billion, also a one-year high. (Data source: Wind)

Regarding capital flows, the Metal ETF posted a latest net capital inflow of 915 million yuan. Over the past eight trading days, it saw net inflows on five days, totaling 2.169 billion yuan in "capital absorption," with an average daily net inflow of 271 million yuan. (Data source: Wind)

Data shows leveraged funds continue to build positions. The Metal ETF's financing net purchase reached 18.5786 million yuan the previous day, with the latest financing balance at 440 million yuan. (Data source: Wind)

As of January 5, 2026, the Metal ETF's NAV has gained 116.95% over the past two years, ranking 62nd out of 2,503 index stock funds (top 2.48%). In terms of return capability, the ETF's highest monthly return since inception has been 27.29%, with the longest consecutive up months at six and longest consecutive gain at 70.46%. Its average return in up months is 8.32%, with an annual profitability rate of 62.50% and a 65.78% probability of profit over a three-year holding period. As of January 5, 2026, its one-year excess return over benchmark reached 2.72%.

As of December 31, 2025, the Metal ETF's Sharpe ratio for the past year stood at 2.87.

On drawdowns, the Metal ETF's year-to-date maximum drawdown is 0.00% as of January 5, 2026, with a relative benchmark drawdown of 0.00%.

In terms of fees, the Metal ETF charges a management fee of 0.50% and a custody fee of 0.10%.

Regarding tracking accuracy, the Metal ETF's two-month tracking error was 0.020% as of January 5, 2026.

The Metal ETF closely tracks the CSI Shenwan Nonferrous Metals Index, which selects 50 listed companies from the Shenwan nonferrous metals and non-metallic materials industries in the Shanghai and Shenzhen markets to represent the overall performance of the A-share nonferrous metals sector.

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