中证A500红利低波指数估值来到近一年低位，石油石化公用事业涨幅居前，平安中证A500红利低波ETF（561680）备受关注

Core Viewpoint - The Zhongzheng A500 Dividend Low Volatility Index and its corresponding ETF are showing positive performance, with significant liquidity and low tracking error, indicating potential investment opportunities in the underlying stocks. Group 1: Performance Metrics - As of September 26, 2025, the Zhongzheng A500 Dividend Low Volatility Index (932422) increased by 0.09%, with notable gains from Huayu Automotive (600741) at 3.70%, YTO Express (600233) at 2.46%, and Tebian Electric Apparatus (600089) at 2.22% [1] - The Zhongzheng A500 Dividend Low Volatility ETF (561680) rose by 0.21%, with the latest price at 0.98 yuan [1] - The ETF's average daily trading volume over the past year is 37.94 million yuan, ranking it first among comparable funds [1] Group 2: Liquidity and Fund Flows - The Zhongzheng A500 Dividend Low Volatility ETF experienced a net outflow of 4.86 million yuan recently, but has attracted a total of 28.76 million yuan over the last 10 trading days [1] - The ETF's maximum drawdown since inception is 3.42%, with a relative benchmark drawdown of 0.23% [1] Group 3: Fee Structure - The management fee for the Zhongzheng A500 Dividend Low Volatility ETF is 0.50%, while the custody fee is 0.10% [1] Group 4: Tracking Accuracy and Valuation - The ETF has the highest tracking accuracy among comparable funds, with a tracking error of 0.149% year-to-date [2] - The latest price-to-earnings ratio (PE-TTM) for the index is 9.76, indicating it is at a historical low, being below 88.71% of the time over the past year [2] Group 5: Index Composition - The Zhongzheng A500 Dividend Low Volatility Index is composed of 50 stocks selected for consistent dividends, high dividend yields, and low volatility, reflecting the overall performance of these securities [2] - As of August 29, 2025, the top ten weighted stocks in the index account for 31.13% of the total index, with Agricultural Bank of China (601288) and Yageo (600177) being the top two [2]