CSI 300 ETF Correlation
The CSI 300 (tracked by ETFs such as 510300) is the standard benchmark for China's large-cap A-share market. This free tool shows how closely it moves with other funds — from ChiNext and sector ETFs to gold and government bonds — using the Pearson correlation of daily returns. Open it pre-loaded with CSI 300 vs ChiNext →
What the CSI 300 represents
The CSI 300 index covers the 300 largest and most liquid A-shares listed in Shanghai and Shenzhen, spanning major sectors. As the headline large-cap benchmark, it's the natural reference point for judging how any other China fund behaves relative to the broad market.
CSI 300 vs other broad indexes
Against other broad A-share ETFs — CSI 500 mid-caps, ChiNext growth names, STAR 50 tech — the CSI 300 typically shows high positive correlation, often in the 0.7–0.95 range, because all are driven by the same domestic equity cycle. The exact figure shifts with the market regime, which is why it's worth measuring over your chosen window rather than assuming.
CSI 300 vs diversifiers
The more interesting comparisons are with assets that don't share the equity cycle. Government bond ETFs and gold ETFs have historically shown low — at times negative — correlation with the CSI 300, which is exactly why investors pair them with broad equity. Load the CSI 300 against a bond or gold ETF to see the current relationship.
Check it yourself
Use the tool to compare 510300 with any fund you hold or are considering. Add several at once to see the full heatmap and identify which of your holdings simply track the CSI 300 and which behave differently. Data is delayed and for information only.
Frequently asked questions
What is the ETF code for the CSI 300?
Several ETFs track the CSI 300; a widely traded one is 510300 on the Shanghai exchange. You can enter any CSI 300 ETF code in the tool.
Is the CSI 300 correlated with the ChiNext?
Usually yes — both are A-share equity indexes and tend to move together, though ChiNext is more growth- and tech-tilted, so the correlation is high but not perfect. Measure it for the current period in the tool.
What has low correlation with the CSI 300?
Historically, government bond ETFs and gold ETFs have had the lowest correlation with the CSI 300. Verify the latest numbers with the calculator.