CNQQ vs QQQ
Rayliant-ChinaAMC Transformative China Tech ETF vs Invesco QQQ Trust, Series 1
Which is better, CNQQ or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y. CNQQ is less concentrated, with 45.1% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CNQQ | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $47M | $483.5B |
| Dividend Yield | 0.49% | 0.44% |
| Holdings | 105 | 107 |
| YTD Return | -7.13% | +16.87%Best |
| 1Y Return | -9.76% | +22.98%Best |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 21.0%Best | 21.9% |
| Top 10 Weight | 45.1%Best | 46.5% |
| Fund Family | Rayliant Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 25, 2025 | Mar 10, 1999 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
CNQQ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CNQQ vs QQQ Performance
Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) is an ETF from Rayliant Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CNQQ returned -9.76% while QQQ returned +22.98%. Year to date, CNQQ is down 7.13% versus a gain of 16.87% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 21.0% for CNQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNQQ charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, CNQQ currently yields 0.49% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 100 holdings in CNQQ and 102 in QQQ, totalling 99.5% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in CNQQ and 102 in QQQ, against full books of 105 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for CNQQ (97.0% of the fund), and 0 for CNQQ that do not appear in QQQ (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CNQQ and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CNQQ or QQQ?
CNQQ has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, CNQQ or QQQ?
Over the past year CNQQ returned -9.76% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNQQ or QQQ?
QQQ has been the more volatile fund at 21.9% annualized versus 21.0% for CNQQ.
Should I hold both CNQQ and QQQ?
CNQQ and QQQ have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CNQQ or QQQ?
CNQQ yields 0.49% while QQQ yields 0.44%, so CNQQ currently pays the higher dividend yield.
Is QQQ better than CNQQ?
QQQ has a lower expense ratio. QQQ led over 1Y. CNQQ is less concentrated, with 45.1% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.