创业板成长ETF震荡蓄势，近3日显著跑赢创业板指数

Core Viewpoint - The A-share market is experiencing fluctuations, with the semiconductor and satellite sectors showing notable gains. The growth of the ChiNext Growth ETF has been strong, although it has recently seen a slight decline [1]. Group 1: Market Performance - As of 10:27 AM, the A-share market has turned positive after initial fluctuations, with the semiconductor and satellite sectors leading the gains [1]. - The ChiNext Growth ETF has decreased by 0.34%, consolidating near the 20-day moving average, despite a cumulative increase of 6.42% over the past three trading days [1][2]. - The ChiNext Index has risen by 3.49% during the same period, indicating an excess return of nearly 3 percentage points compared to the ETF [1]. Group 2: Historical Performance - Historically, the ChiNext Growth ETF has outperformed, with a cumulative increase of 434.96% from December 31, 2011, to November 21, 2025, compared to a 312.63% increase in the ChiNext Index [3]. Group 3: Sector Weighting and Valuation - The index tracked by the ChiNext Growth ETF is heavily weighted in sectors such as communication (36.69%), power equipment (20.11%), electronics (12.66%), non-bank financials (10.96%), and computers (9.05%) [5]. - The latest price-to-earnings ratio (PE-TTM) for the ChiNext Growth ETF is 37.61, which is below the 63.23% threshold of the past decade, indicating a moderate valuation [5].