Hwabao WP CSI Subdivision Chemical Industry Theme ETF (516020) Falls 2.54% in Early Trading; Institutions: Global Chemical Companies' Operating Rates Plunge Sharply Under Energy Crisis Impact

NewTimeSpace News - As of 11:09 on March 31, 2026, the Huabao Chemical Industry ETF (516020) fell 2.54%, with its latest price at 0.92 yuan. Looking at a longer timeframe, as of March 30, 2026, the ETF has accumulated a gain of 6.05% over the past week. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the Huabao Chemical Industry ETF recorded an intraday turnover rate of 1.27% and a trading volume of 78.0936 million yuan. Looking at a longer timeframe, as of March 30, the ETF's average daily trading volume reached 414 million yuan over the past month, ranking among the top 2 comparable funds.

Regarding fund size, the Huabao Chemical Industry ETF has grown by 2.426 billion yuan over the past three months, representing a significant increase and ranking 3rd among 6 comparable funds in terms of new asset inflows. (Data source: Wind)

In terms of fund shares, the Huabao Chemical Industry ETF increased by 2.242 billion shares over the past 3 months, achieving substantial growth and ranking 3rd among 6 comparable funds in terms of new share additions. (Data source: Wind)

Data indicates continued positioning by leveraged funds. The Huabao Chemical Industry ETF recorded a margin purchase of 7.0748 million yuan in the latest session, with its latest margin balance reaching 66.2062 million yuan. (Data source: Wind)

As of March 30, the Huabao Chemical Industry ETF has gained 54.62% over the past 2 years. In terms of return capability, as of March 30, 2026, since its inception, the ETF has achieved a maximum monthly return of 21.66%, a maximum consecutive rising period of 10 months, a maximum consecutive gain of 75.49%, and an average monthly return of 6.42% during rising months. As of March 30, 2026, the Huabao Chemical Industry ETF has outperformed its benchmark by 4.98% in annualized returns over the past 6 months, ranking among the top 2 of 4 comparable funds.

As of March 27, 2026, the Huabao Chemical Industry ETF's Sharpe ratio over the past year was 1.81, ranking among the top 2 of 4 comparable funds, indicating higher returns for equivalent risk levels.

Regarding drawdown, as of March 30, 2026, the Huabao Chemical Industry ETF's relative benchmark drawdown this year was 0.14%, demonstrating relatively lower drawdown risk among comparable funds.

In terms of fee structure, the Huabao Chemical Industry ETF charges a management fee of 0.50% and a custody fee of 0.10%.

For tracking accuracy, as of March 30, 2026, the Huabao Chemical Industry ETF's tracking error over the past 2 months was 0.009%, achieving relatively high tracking precision among comparable funds.

The Huabao Chemical Industry ETF closely tracks the CSI Chemical Industry Subdivision Theme Index. The CSI Subdivision Industry Theme Index series comprises 7 indices including Subdivision Nonferrous Metals and Subdivision Machinery, which respectively select listed companies with relatively large scale and good liquidity from related subdivision industries as index constituents to reflect the overall performance of listed companies in these subdivision industries.

Open Source Securities believes that geopolitical volatility combined with strengthened supply-side constraints is expected to open new opportunities for China's chemical industry. From a medium-term perspective, global destocking is nearing its end, with restocking and demand recovery resonance expected. Affected by this round of energy crisis impact, global chemical companies' operating rates have plunged sharply, but terminal rigid demand has not disappeared. The industry is currently experiencing a large-scale global destocking cycle. After geopolitical conflicts ease, the global chemical industry will welcome a deterministic restocking trend,market-anticipated terminal demand recovery, and chemical product profitability is expected to improve.

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