Core Viewpoint - The article discusses the performance of various low-volatility dividend indices in the Hong Kong and A-share markets, highlighting their recent returns and volatility metrics. Group 1: Index Performance - The S&P Hong Kong Stock Connect Low Volatility Dividend Index has shown a near-term performance of -0.02% over the past week, 0.80% over the past year, and a significant 31.67% increase over the past year, with an annualized volatility of 12.64% [3]. - The A500 Low Volatility Dividend ETF (159296) tracked the CSI A500 Low Volatility Dividend Index, reporting a performance of -0.25% over the past week and a 6.63% increase over the past year, with an annualized volatility of 0.77% [3]. - The CSI 800 Low Volatility Dividend Index, followed by the 800 Low Volatility Dividend ETF (159355), recorded a performance of 0.18% over the past day and a 4.47% increase over the past week, with an annualized volatility of 9.81% [3]. Group 2: Comparison with Shanghai Composite Index - The performance of the indices is compared with the Shanghai Composite Index, which has shown a performance of 1.05% over the past week and a decline of 2.83% over the past year, indicating a contrasting trend [3]. - The Shanghai Composite Index has a year-to-date performance of 12.05% and an annualized volatility of 17.09%, which is higher than that of the low-volatility dividend indices [3].

Core Viewpoint - The article discusses the performance of various low-volatility dividend indices and ETFs in the Hong Kong and Chinese markets, highlighting their returns compared to the Shanghai Composite Index. Group 1: Index Performance - The S&P Hong Kong Stock Connect Low Volatility Dividend Index has shown a return of 33.20% over the past year, outperforming the Shanghai Composite Index, which declined by 2.03% during the same period [3]. - The A500 Low Dividend Low Volatility ETF (159296) reported a return of 8.15% over the past year, while the Shanghai Composite Index had a return of -1.94% [3]. - The CSI 800 Low Dividend Low Volatility Index, tracked by the ETF (159355), achieved a return of 5.95% over the past year, again outperforming the Shanghai Composite Index [3]. Group 2: Volatility Metrics - The annualized volatility for the S&P Hong Kong Stock Connect Low Volatility Dividend Index is reported at 2.23%, indicating lower risk compared to the Shanghai Composite Index's annualized volatility of 12.03% [3]. - The A500 Low Dividend Low Volatility ETF has an annualized volatility of 9.89%, which is lower than the Shanghai Composite Index's volatility [3]. - The CSI 800 Low Dividend Low Volatility Index has an annualized volatility of 9.80%, also reflecting a lower risk profile compared to the Shanghai Composite Index [3].

Core Viewpoint - The Zhongzheng A500 Dividend Low Volatility Index and its corresponding ETF have shown positive performance, with significant gains in constituent stocks and increasing leverage investments, indicating strong market interest and potential for continued growth [1][2]. Performance Summary - As of November 7, 2025, the Zhongzheng A500 Dividend Low Volatility Index rose by 0.60%, with notable increases in constituent stocks such as Jiangsu Guotai (10.01%) and Yuntianhua (3.91%) [1]. - The Zhongzheng A500 Dividend Low Volatility ETF (561680) has experienced a 1.07% increase, marking its fifth consecutive rise, with a latest price of 1.04 yuan [1]. - Over the past week, the ETF has accumulated a total increase of 1.28% [1]. Liquidity and Trading Activity - The ETF recorded a turnover rate of 1.85% during the trading session, with a total transaction volume of 3.7497 million yuan [1]. - The average daily trading volume over the past year was 27.316 million yuan [1]. - Leverage funds have been actively investing in the ETF, with net purchases for four consecutive days, peaking at 665,900 yuan in a single day, leading to a current financing balance of 56,200 yuan [1]. Return and Risk Metrics - Since its inception, the ETF has achieved a maximum monthly return of 3.37%, with an average monthly return of 3.37% and a winning probability of 73.91% [1]. - The maximum drawdown since inception is 3.42%, with a relative benchmark drawdown of 0.23% and a recovery period of 30 days [2]. Fee Structure and Tracking Accuracy - The management fee for the ETF is 0.50%, and the custody fee is 0.10% [2]. - The tracking error for the ETF year-to-date is 0.098%, which is the highest among comparable funds [2]. Index Composition - The Zhongzheng A500 Dividend Low Volatility Index is composed of 50 securities selected from the Zhongzheng A500 Index, focusing on those with high dividend yields and low volatility [2]. - As of October 31, 2025, the top ten weighted stocks in the index include Agricultural Bank of China (601288) and China Shenhua (601088), collectively accounting for 31.82% of the index [2].

截至2025年11月5日 11:04，中证A500红利低波动指数(932422)上涨0.22%，成分股特变电工(600089)上涨8.39%，浦发银行(600000)上涨2.41%，瀚蓝环境 (600323)上涨1.47%，美的集团(000333)上涨1.12%，江苏银行(600919)上涨1.08%。中证A500红利低波ETF(561680)上涨0.29%， 冲击3连涨。最新价报1.02 元。拉长时间看，截至2025年11月4日，中证A500红利低波ETF近1周累计上涨0.49%。 流动性方面，中证A500红利低波ETF盘中换手3.3%，成交719.80万元。拉长时间看，截至11月4日，中证A500红利低波ETF近1年日均成交2782.32万元。 费率方面，中证A500红利低波ETF管理费率为0.50%，托管费率为0.10%。 跟踪精度方面，截至2025年11月4日，中证A500红利低波ETF今年以来跟踪误差为0.101%，在可比基金中跟踪精度最高。 中证A500红利低波ETF紧密跟踪中证A500红利低波动指数，中证A500红利低波动指数从中证A500指数样本中选取50只连续分红、股息率较高且波动率较低 的 ...

Core Insights - The China Securities A500 Dividend Low Volatility Index (932422) has shown a positive performance with a 0.68% increase as of November 3, 2025, with notable gains from constituent stocks such as Tebian Electric Apparatus (600089) and Huanlan Environment (600323) [1] - The China Securities A500 Dividend Low Volatility ETF (561680) has also increased by 0.50%, with a latest price of 1.01 yuan, and has demonstrated a cumulative increase of 0.90% over the past two weeks [1] - The ETF has a management fee of 0.50% and a custody fee of 0.10%, with the highest tracking accuracy among comparable funds at 0.102% year-to-date [2] Performance Metrics - The ETF has recorded a maximum monthly return of 3.37% since inception, with an average monthly return of 3.37% and a profit probability of 68.42% [1] - The maximum drawdown since inception is 3.42%, with a relative benchmark drawdown of 0.23%, and a recovery period of 30 days [1] - The top ten weighted stocks in the index account for 31.82% of the total, with Agricultural Bank of China (601288) and China Shenhua Energy (601088) being the most significant contributors [2] Stock Performance - The top ten stocks by weight in the index include Agricultural Bank of China (0.75% increase), China Shenhua Energy (2.35% increase), and Industrial and Commercial Bank of China (1.67% increase) [4] - Other notable stocks include China Bank (1.25% increase) and Jiangsu Bank (1.58% increase), while Gree Electric Appliances saw a decline of 1.11% [4]

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index (932422) experienced a slight decline of 0.23% as of October 28, 2025, with mixed performance among constituent stocks [1] Group 1: Index Performance - The China Securities A500 Dividend Low Volatility ETF (561680) also fell by 0.29%, with the latest price at 1.02 yuan [1] - Over the past week, the ETF has accumulated a rise of 1.90%, ranking in the top third among comparable funds [1] Group 2: Trading and Liquidity - The ETF had a turnover rate of 0.2% during the trading session, with a transaction volume of 500,900 yuan [1] - The average daily transaction volume for the ETF over the past year was 31,027,800 yuan [1] Group 3: Profitability and Drawdown - Since its inception, the ETF has a monthly profit probability of 60.00% [1] - The maximum drawdown since inception is 3.42%, with a relative benchmark drawdown of 0.23% and a recovery period of 30 days [1] Group 4: Fee Structure and Tracking Accuracy - The management fee for the ETF is 0.50%, and the custody fee is 0.10% [2] - The tracking error for the ETF over the past month is 0.024%, the highest among comparable funds [2] Group 5: Index Composition - The index selects 50 securities from the China Securities A500 Index sample based on continuous dividends, high dividend yield, and low volatility [2] - As of September 30, 2025, the top ten weighted stocks in the index include Agricultural Bank of China (601288), Yageo (600177), and China Shenhua (601088), accounting for a total of 30.72% of the index [2]

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index (932422) experienced a slight decline of 0.22% as of October 23, 2025, with mixed performance among constituent stocks, indicating a cautious market sentiment [1]. Group 1: Index Performance - The China Securities A500 Dividend Low Volatility ETF (561680) fell by 0.30%, with the latest price at 1.01 yuan [1]. - Over the past week, the ETF has seen a cumulative increase of 0.90%, ranking in the top third among comparable funds [1]. - The ETF recorded an intraday turnover of 3.81%, with a total transaction value of 11.7553 million yuan [1]. Group 2: Fund Flow and Leverage - There has been a continuous inflow of leveraged funds into the ETF, with net purchases for three consecutive days, peaking at a net buy of 305,600 yuan in a single day [1]. - The latest financing balance reached 342,000 yuan, indicating strong investor interest [1]. Group 3: Drawdown and Fees - The maximum drawdown since the ETF's inception is 3.42%, with a relative benchmark drawdown of 0.23% and a recovery period of 30 days [2]. - The management fee for the ETF is set at 0.50%, while the custody fee is 0.10% [2]. Group 4: Tracking Accuracy - The ETF has achieved the highest tracking accuracy among comparable funds, with a tracking error of 0.113% year-to-date [2]. - The index closely follows the China Securities A500 Dividend Low Volatility Index, which selects 50 securities with high dividend yields and low volatility from the A500 index sample [2]. Group 5: Top Holdings - As of September 30, 2025, the top ten weighted stocks in the index account for 30.72% of the total, including Agricultural Bank of China (601288), Yageo (600177), and China Shenhua Energy (601088) [2].

Core Insights - The China Securities A500 Dividend Low Volatility Index (932422) has shown a slight increase of 0.21% as of October 17, 2025, with notable gains from constituent stocks such as Yuyuan Holdings (600655) up 2.39% and Huayu Automotive (600741) up 1.72% [1][2] Performance Summary - The China Securities A500 Dividend Low Volatility ETF (561680) has increased by 0.20%, marking its fourth consecutive rise, with the latest price at 1.01 yuan [1] - Over the past week, the ETF has accumulated a total increase of 2.03% [1] - The ETF's trading volume showed a turnover of 0.86% during the session, with a total transaction value of 3.1429 million yuan [1] - The average daily trading volume over the past week was 36.1807 million yuan [1] Risk and Return Metrics - The maximum drawdown since the inception of the ETF is 3.42%, while the relative benchmark drawdown is 0.23% [1] - The management fee for the ETF is set at 0.50%, with a custody fee of 0.10% [1] - The tracking error for the ETF over the past month is 0.025%, indicating the highest tracking precision among comparable funds [1] Index Composition - The China Securities A500 Dividend Low Volatility Index selects 50 securities from the A500 index based on continuous dividends, high dividend yield, and low volatility, weighted by dividend yield [2] - As of September 30, 2025, the top ten weighted stocks in the index include Agricultural Bank of China (601288), Yager (600177), and China Shenhua (601088), collectively accounting for 30.72% of the index [2] Top Weighted Stocks - The top ten stocks by weight and their respective performance include: - Agricultural Bank of China (601288): +1.07%, 1.45% weight - Yager (600177): 0.00%, 1.34% weight - China Shenhua (601088): +0.45%, 1.23% weight - Other notable stocks include China Bank (601988), Industrial and Commercial Bank of China (601398), and Gree Electric Appliances (000651) [4]

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index and its corresponding ETF have shown positive performance, with significant increases in both the index and ETF prices, indicating a favorable investment environment for low volatility and high dividend yield stocks [1][2]. Performance Summary - As of October 16, 2025, the China Securities A500 Dividend Low Volatility Index (932422) increased by 0.26%, with notable gains from key stocks such as China Shenhua (2.40%) and Hikvision (1.68%) [1]. - The China Securities A500 Dividend Low Volatility ETF (561680) rose by 0.40%, marking its third consecutive increase, with the latest price at 1.01 yuan [1]. - Over the past week, the ETF has accumulated a total increase of 2.88%, ranking it in the top third among comparable funds [1]. Liquidity and Trading Activity - The ETF experienced a turnover rate of 2.62% during trading, with a total transaction volume of 10.04 million yuan [1]. - The average daily trading volume for the ETF over the past week was 32.66 million yuan [1]. Drawdown and Tracking Accuracy - Since its inception, the maximum drawdown for the ETF has been 3.42%, with a relative benchmark drawdown of 0.23% [1]. - The tracking error for the ETF over the past month was recorded at 0.025%, indicating the highest tracking precision among comparable funds [1]. Index Composition - The China Securities A500 Dividend Low Volatility Index is composed of 50 securities selected from the A500 index, focusing on those with consistent dividends, high dividend yields, and low volatility [2]. - As of September 30, 2025, the top ten weighted stocks in the index accounted for 30.72% of the total index weight, with Agricultural Bank of China and Yagor being among the top contributors [2].

Core Insights - The China Securities A500 Dividend Low Volatility Index (932422) experienced a slight decline of 0.08% as of October 15, 2025, with mixed performance among constituent stocks [1] - The index's ETF (561680) showed a recent price of 1 yuan, with a weekly increase of 2.67%, ranking in the top third among comparable funds [1] - The ETF's trading volume was notable, with an average daily transaction of 34.18 million yuan over the past week, leading among comparable funds [1] Performance Summary - Leading stocks included Agricultural Bank of China (601288) up by 1.82%, Conch Cement (600585) up by 1.63%, and Sun Paper (002078) up by 1.54% [1] - The largest declines were seen in TBEA Co., Ltd. (600089) down by 5.18%, Hikvision (002415) down by 1.74%, and China Nuclear Power (601985) down by 1.41% [1] Liquidity and Drawdown - The ETF's turnover rate was 1.04%, with total transactions amounting to 4.1664 million yuan [1] - The maximum drawdown since the ETF's inception was 3.42%, with a relative benchmark drawdown of 0.23% [1] Fee Structure - The management fee for the ETF is set at 0.50%, while the custody fee is 0.10% [1] Tracking Accuracy and Valuation - The ETF achieved a tracking error of 0.034% over the past month, the highest among comparable funds [2] - The underlying index is currently valued at a historical low with a price-to-book (PB) ratio of 1.01, below 82.31% of the time over the past year, indicating strong valuation appeal [2] Index Composition - The index comprises 50 stocks selected from the China Securities A500 Index, focusing on those with consistent dividends, high dividend yields, and low volatility [2] - As of September 30, 2025, the top ten weighted stocks accounted for 30.72% of the index, including Agricultural Bank of China (601288), Yageo (600177), and China Shenhua (601088) [2]