Spot Gold Briefly Falls Below $5,200 Mark, Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520) Drops 9.99%

NewTimeSpace News - As of 10:45 on January 30, 2026, the Gold Mining Stocks ETF (517520) dropped 9.99%, with the latest quote at 2.82 yuan. Looking at a longer timeframe, as of January 29, 2026, the ETF has cumulatively gained 22.63% over the past week. (Stocks listed above are constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, the Gold Mining Stocks ETF recorded an intraday turnover rate of 6.06%, with trading volume reaching 1.274 billion yuan. Looking at a longer timeframe, as of January 29, the average daily trading volume over the past week stood at 1.831 billion yuan, ranking first among comparable funds.

On the size front, the Gold Mining Stocks ETF's latest assets under management reached 22.906 billion yuan, marking a new high for the past year and ranking 1st out of 6 comparable funds. (Data source: Wind)

Regarding shares outstanding, the ETF's latest share count reached 7.287 billion units, marking a new high for the past month and ranking 1st out of 6 comparable funds. (Data source: Wind)

On capital flows, the ETF's latest net capital inflow reached 793 million yuan. Looking at a longer timeframe, capital inflows were recorded on 4 out of the past 5 trading days, accumulating to a total of 1.834 billion yuan in attracted funds and an average daily net inflow of 367 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. The Gold Mining Stocks ETF recorded net margin purchases of 12.3702 million yuan month-to-date, with the latest margin financing balance standing at 522 million yuan. (Data source: Wind)

As of January 29, the ETF's NAV has surged 174.42% over the past year, ranking 1st among comparable funds and 1st out of 3,491 index equity funds (top 0.03%). In terms of return capability, as of January 29, 2026, since the ETF's inception, its highest monthly return reached 21.81%, with the longest consecutive winning streak lasting 4 months and generating a cumulative gain of 40.27%. The up/down months ratio stands at 14/12, with average return in up months at 9.41%, annual profitability percentage at 100.00%, monthly profit probability at 60.41%, and historical probability of profit for 2-year holdings at 100.00%. As of January 29, 2026, the ETF's annualized excess return over its benchmark over the past year reached 2.57%, ranking 1st out of 6 comparable funds.

As of January 23, 2026, the Gold Mining Stocks ETF's Sharpe ratio over the past year stood at 2.82.

Regarding drawdowns, as of January 29, 2026, the ETF's maximum year-to-date drawdown was 1.78%, with a relative drawdown against its benchmark of 0.25%, the smallest among comparable funds. The recovery time after the drawdown was 1 day, the fastest recovery among comparable funds after drawdowns.

On fees, the Gold Mining Stocks ETF's management fee rate is 0.50% and custodian fee rate is 0.10%, placing it at a relatively low level among comparable funds.

In terms of tracking accuracy, as of January 29, 2026, the ETF's tracking error year-to-date stood at 0.030%, the highest tracking precision among comparable funds.

The Gold Mining Stocks ETF closely tracks the CSI Hong Kong-Shanghai-Shenzhen Gold Industry Stock Index, which selects 50 listed securities with larger market capitalization from the mainland and Hong Kong markets whose businesses involve gold mining, smelting, and sales as index constituents, reflecting the overall performance of gold industry listed securities in the mainland and Hong Kong markets.

On the news front, on January 30, spot gold continued its decline, briefly falling below the $5,200 mark, dropping more than $170 intraday, with a decline exceeding 3%.

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