.Two exchange-traded funds are trying to find revenues in China along with 2 different strategies.While the Rayliant Quantamental China Equity ETF studies certain regions, the freshly launched Roundhill China Dragons ETF buys the nation's greatest inventories." [It is actually] focused just on nine firms, as well as these providers are actually the providers that our company determined as possessing similar characteristics to immensity in the united state," Roundhill Investments CEO Dave Mazza said to CNBC's "ETF Edge" this week.Zoom In IconArrows aiming outwardsSince its beginning on Oct. 3, the Roundhill China Dragon ETF is actually down nearly 5% as of Friday's close.Meanwhile, Jason Hsu of Rayliant Global Advisors lags the hyper-local Rayliant Quantamental China Equity ETF. It has been around considering that 2020." These are actually neighborhood shares, neighborhood names that you would have to be actually a nearby Chinese person to get quickly," the organization's leader and primary investment officer told CNBC. "It paints an extremely different photo since China is actually kind of a different aspect of its own growth contour." Zoom In IconArrows pointing outwardsHsu desires to admit to labels that are much less acquainted to U.S. capitalists, yet can easily deliver big approach the same level along with recent Major Technician inventories." Innovation is crucial, but a considerable amount of the higher development stocks are actually individuals that offer water [and also] individuals who manage dining establishment establishments. So, commonly they in fact have a much higher development than even a number of the technology names," he said. "There is actually very little analysis, a minimum of beyond China, and they might exemplify what is actually additional of a thematic in the second business inside China." u00c2 As of Friday's close, the Rayliant Quantamental China Equity ETF is up greater than 24% so far this year.