Underlying Index Performance: ZHY.TO tracks the Solactive China Technology Index. The ETF's price closely mirrors the performance of the companies within this index. Positive or negative performance of these companies directly impacts the ETF's price.

Supply and Demand: Basic economic principles of supply and demand influence the ETF's price. Higher demand than supply pushes the price up, while greater supply than demand lowers it.

Investor Sentiment: Overall investor sentiment towards Chinese technology companies plays a significant role. Positive sentiment, driven by factors like economic growth or technological advancements, can increase demand for ZHY.TO. Conversely, negative sentiment can decrease demand.

Currency Fluctuations: As ZHY.TO invests in Chinese companies, fluctuations in the exchange rate between the Canadian dollar and the Chinese yuan (CNY) can affect the ETF's price when converted back to Canadian dollars.

Expense Ratio: The ETF's expense ratio, which covers management and operational costs, indirectly affects its performance and therefore its price. A higher expense ratio can slightly reduce returns.

Geopolitical and Regulatory Risks: Events like changes in Chinese government regulations or geopolitical tensions can significantly impact the performance of Chinese technology companies and, consequently, ZHY.TO's price.