Institution: Geopolitical Tensions and Industry Prosperity Resonate, Chemical ETF (159870) Rises Over 1.1% Intraday

NewTimeSpace News: As of 14:25 on January 20, 2026, the CSI Sub-industry Chemical Theme Index (000813) surged 1.10%. Its constituent stocks included Sankeshu (up 10.00%), Luxi Chemical (up 8.02%), Satellite Chemical (up 6.52%), as well as Huafeng Chemical and Hengli Petrochemical, which followed the upward trend. The Chemical ETF (159870) rose 1.13% to close at RMB0.9. Over a longer period, as of January 19, 2026, the Chemical ETF had gained 4.85% cumulatively in the past week, ranking 2nd out of 6 comparable funds. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

In terms of liquidity, the intraday turnover rate of the Chemical ETF was 7.36% with a trading volume of RMB1.785 billion. Over a longer period, as of January 19, the average daily trading volume of the ETF in the past week was RMB1.332 billion, ranking first among comparable funds.

In terms of scale, the latest size of the Chemical ETF reached RMB24.108 billion, a new high in nearly one year, ranking 1st out of 6 comparable funds. (Data source: Wind)

In terms of shares, the latest share count of the Chemical ETF hit 27.198 billion, a new high in nearly one year, ranking 1st out of 6 comparable funds. (Data source: Wind)

In terms of net capital inflows, the Chemical ETF has achieved consecutive net inflows for 13 days, with a maximum single-day net inflow of RMB1.111 billion. The total "capital absorption" reached RMB5.978 billion, with an average daily net inflow of RMB460 million. (Data source: Wind)

Data shows that leveraged funds continue to deploy. The net financing purchase amount of the Chemical ETF since the beginning of this month has reached RMB13.5134 million, and the latest financing balance was RMB454 million. (Data source: Wind)

As of January 19, the net value of the Chemical ETF had risen 63.57% over the past two years. In terms of profitability, as of January 19, 2026, since its establishment, the ETF has achieved a maximum monthly return of 21.63%, the longest consecutive monthly gain period of 8 months with a cumulative increase of 49.05%, and an average monthly return of 6.19% in rising months. As of January 19, 2026, the ETF's annualized excess return over the benchmark since its launch was 3.40%.

As of January 16, 2026, the Sharpe ratio of the Chemical ETF in the past year was 2.31.

In terms of drawdown, as of January 19, 2026, the ETF's maximum drawdown since the beginning of the year was 2.08%, with a relative benchmark drawdown of 0.06%. The number of days to recover after the drawdown was 3 days, the fastest recovery among comparable funds.

In terms of fees, the ETF's management fee rate is 0.50% and the custodian fee rate is 0.10%, which are at a relatively low level among comparable funds.

In terms of tracking accuracy, as of January 19, 2026, the ETF's tracking error over the past month was 0.009%, the highest tracking accuracy among comparable funds.

The Chemical ETF closely tracks the CSI Sub-industry Chemical Theme Index. The CSI Sub-industry Theme Index Series consists of 7 indices including Sub-industry Non-ferrous Metals and Sub-industry Machinery. It selects listed company securities with large scale and good liquidity from relevant sub-industries as index samples to reflect the overall performance of listed company securities in related sub-industries.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the CSI Sub-industry Chemical Theme Index (000813) were Wanhua Chemical, Salt Lake Co., Ltd., Zangge Mining, Tianci Materials, Juhua Co., Ltd., Hengli Petrochemical, Hualu Hengsheng, Baofeng Energy, Yuntianhua, and Kingfa Sci. & Tech., accounting for a total of 45.31% of the index weight. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

Societe Generale Futures stated that the market is currently highly concerned about the development of the situation in Greenland and the possible further consequences triggered by US-EU relations. If trade frictions between the two sides escalate further, it may suppress global crude oil demand. Methanol futures prices rebounded in January, but domestic spot prices are still at a low level, and the spot price spread between coastal and inland areas has widened.

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