CNXT vs QQQ
VanEck ChiNext ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CNXT delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | CNXT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $108M | $455.8B | |
| Dividend Yield | 0.13% | 0.41% | |
| Holdings | 101 | 108 | |
| YTD Return | +15.28% | +19.68% | |
| 1Y Return | +53.47% | +26.75% | |
| 3Y Return (annualized) | +23.44% | +26.25% | |
| 5Y Return (annualized) | +1.73% | +15.39% | |
| Volatility (annualized) | 220.6% | 30.6% | |
| Max Drawdown | -99.9% | -83.0% | |
| Fund Family | VanEck | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 23, 2014 | Mar 10, 1999 |
CNXT vs QQQ Performance
VanEck ChiNext ETF (CNXT) is a ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CNXT returned +53.47% while QQQ returned +26.75%. Year to date, CNXT is up 15.28% versus a gain of 19.68% for QQQ.
Over three years, CNXT compounded at +23.44% per year against +26.25% for QQQ; over five years the annualized figures are +1.73% and +15.39% respectively. Across the full 27-year window we track, QQQ has the edge at +13.15% annualized vs +4.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNXT has been the more volatile fund, with annualized monthly volatility of 220.6% compared with 30.6% for QQQ. 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 -99.9% for CNXT 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CNXT 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, CNXT currently yields 0.13% against 0.41% for QQQ.
Holdings Overlap
CNXT and QQQ share 0 holdings out of 201 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, CNXT or QQQ?
CNXT 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, CNXT or QQQ?
Over the past year CNXT returned +53.47% vs +26.75% for QQQ, so CNXT leads on 1-year performance. Over the longest common window we track (27 years), CNXT annualized +4.57% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CNXT or QQQ?
CNXT has been the more volatile fund at 220.6% annualized versus 30.6% for QQQ. Worst drawdown: CNXT -99.9% vs QQQ -83.0%.
Should I hold both CNXT and QQQ?
CNXT and QQQ have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNXT and QQQ?
CNXT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, CNXT or QQQ?
CNXT yields 0.13% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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