ASIA vs QQQ
Matthews Pacific Tiger Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. ASIA delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | ASIA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $52M | $496.3B | |
| Dividend Yield | 0.91% | 0.44% | |
| Holdings | 74 | 108 | |
| YTD Return | +18.17% | +16.64% | |
| 1Y Return | +36.50% | +27.27% | |
| 3Y Return (annualized) | +18.89% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 18.8% | 30.6% | |
| Max Drawdown | -23.9% | -83.0% | |
| Fund Family | Matthews Asia Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 21, 2023 | Mar 10, 1999 |
ASIA vs QQQ Performance
Matthews Pacific Tiger Active ETF (ASIA) is a ETF from Matthews Asia Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ASIA returned +36.50% while QQQ returned +27.27%. Year to date, ASIA is up 18.17% versus a gain of 16.64% for QQQ.
Over three years, ASIA compounded at +18.89% per year against +25.96% for QQQ. Across the full 3-year window we track, ASIA has the edge at +18.89% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.8% for ASIA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.9% for ASIA and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ASIA charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, ASIA currently yields 0.91% against 0.44% for QQQ.
Holdings Overlap
ASIA and QQQ share 0 holdings out of 159 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASIA or QQQ?
ASIA has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, ASIA or QQQ?
Over the past year ASIA returned +36.50% vs +27.27% for QQQ, so ASIA leads on 1-year performance. Over the longest common window we track (3 years), ASIA annualized +18.89% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ASIA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.8% for ASIA. Worst drawdown: ASIA -23.9% vs QQQ -83.0%.
Should I hold both ASIA and QQQ?
ASIA and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASIA and QQQ?
ASIA and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 159 unique securities.
Which pays a higher dividend, ASIA or QQQ?
ASIA yields 0.91% while QQQ yields 0.44%, so ASIA currently pays the higher dividend yield.
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