CHIQ vs QQQ
Global X MSCI China Consumer Discretionary ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CHIQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $122M | $496.3B | |
| Dividend Yield | 1.53% | 0.44% | |
| Holdings | 60 | 108 | |
| YTD Return | -17.44% | +16.64% | |
| 1Y Return | -19.26% | +27.27% | |
| 3Y Return (annualized) | +1.53% | +25.96% | |
| 5Y Return (annualized) | -7.57% | +14.54% | |
| Volatility (annualized) | 28.1% | 30.6% | |
| Max Drawdown | -67.0% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 30, 2009 | Mar 10, 1999 |
CHIQ vs QQQ Performance
Global X MSCI China Consumer Discretionary ETF (CHIQ) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CHIQ returned -19.26% while QQQ returned +27.27%. Year to date, CHIQ is down 17.44% versus a gain of 16.64% for QQQ.
Over three years, CHIQ compounded at +1.53% per year against +25.96% for QQQ; over five years the annualized figures are -7.57% and +14.54% respectively. Across the full 17-year window we track, QQQ has the edge at +13.03% annualized vs +1.00%. 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 28.1% for CHIQ. 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 -67.0% for CHIQ 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CHIQ charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, CHIQ currently yields 1.53% against 0.44% for QQQ.
Holdings Overlap
CHIQ and QQQ share 1 holdings out of 157 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CHIQ | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 8.69% | 0.27% | 8.42% |
Frequently Asked Questions
Which is cheaper, CHIQ or QQQ?
CHIQ has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, CHIQ or QQQ?
Over the past year CHIQ returned -19.26% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), CHIQ annualized +1.00% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CHIQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 28.1% for CHIQ. Worst drawdown: CHIQ -67.0% vs QQQ -83.0%.
Should I hold both CHIQ and QQQ?
CHIQ and QQQ have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CHIQ and QQQ?
CHIQ and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 157 unique securities.
Which pays a higher dividend, CHIQ or QQQ?
CHIQ yields 1.53% while QQQ yields 0.44%, so CHIQ currently pays the higher dividend yield.
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