NewTimeSpace News - As of 10:30 on February 5, 2026, the Liquor ETF (512690) gained 1.60%, targeting its fourth consecutive rise. The latest price reached 0.57 yuan. Looking at a longer timeframe, as of February 4, 2026, the ETF posted a cumulative gain of 8.91% 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 Liquor ETF recorded an intraday turnover rate of 5.83%, with trading volume reaching 1.17 billion yuan. Looking at a longer timeframe, as of February 4, the average daily trading volume over the past week stood at 2.522 billion yuan.

On the size front, the Liquor ETF's latest assets under management reached 19.781 billion yuan, marking a new high for the past month. (Data source: Wind)

On capital flows, the ETF's latest net capital outflow reached 112 million yuan. Looking at a longer timeframe, capital inflows were recorded on 7 out of the past 10 trading days, accumulating to a total of 430 million yuan in attracted funds and an average daily net inflow of 42.9696 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. The Liquor ETF recorded net margin purchases of 17.4823 million yuan on the previous trading day, with the latest margin financing balance standing at 932 million yuan. (Data source: Wind)

In terms of return capability, as of February 4, 2026, since the ETF's inception, its highest monthly return reached 26.08%, with the longest consecutive winning streak lasting 5 months and generating a cumulative gain of 85.52%. The average monthly return during up months stands at 8.18%. As of February 4, 2026, the ETF's annualized excess return over its benchmark over the past two years reached 2.62%.

Regarding drawdowns, as of February 4, 2026, the ETF's maximum year-to-date drawdown was 6.92%, with a relative drawdown against its benchmark of 0.17%. The recovery time after the drawdown was 2 days.

On fees, the Liquor ETF's management fee rate is 0.50% and custodian fee rate is 0.10%.

In terms of tracking accuracy, as of February 4, 2026, the ETF's tracking error over the past month stood at 0.062%.

From a valuation perspective, the CSI Liquor Index tracked by the ETF has a latest price-to-earnings ratio (PE-TTM) of only 19.85x, placing it at the 18.81st percentile over the past five years—meaning its valuation is lower than over 81.19% of the time in the past five years, positioning it at a historical low.

The Liquor ETF closely tracks the CSI Liquor Index, which selects listed securities involved in baijiu, beer, and wine brewing as index constituents to reflect the overall performance of liquor-related listed securities.

On the news front, third-party pricing platforms show that on February 4, the 2026 Feitian Moutai original case (53%vol/500ml) was quoted at 1,665 yuan per bottle, up 40 yuan from the previous day. Looking at a longer timeframe, Feitian Moutai's price has risen significantly over the past half month, with the current price up 125 yuan from the 1,540 yuan per bottle on January 21.

Shenwan Hongyuan Securities stated that the liquor industry is at a cyclical inflection point. Under the trend of volume contraction and concentration, leading companies' advantages become prominent. The mass consumer goods sector is gradually balancing supply and demand, and sub-sectors with cyclical attributes such as foodservice supply and condiments are at low valuations with repair potential expected.

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