CQQQ vs QQQ
Invesco China Technology ETF vs Invesco QQQ Trust, Series 1
Which is better, CQQQ or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 52.1%.
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 | CQQQ | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $2.5B | $498.6B |
| Dividend Yield | 2.28% | 0.42% |
| Holdings | 187 | 321 |
| YTD Return | -19.07% | +22.67%Best |
| 1Y Return | -25.61% | +24.33%Best |
| 3Y Return (annualized) | +8.41% | +29.05%Best |
| 5Y Return (annualized) | -6.57% | +17.00%Best |
| Volatility (annualized) | 28.3% | 17.6%Best |
| Max Drawdown | -74.0% | -35.1%Best |
| $10,000 over 5 years | $7,119 | $21,924Best |
| Top 10 Weight | 52.1% | 47.2%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 8, 2009 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 8, 2009 to Oct 2, 2026 (16.8 years).
CQQQ 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 covers the 16.8 years both funds cover.
CQQQ vs QQQ Performance
Invesco China Technology ETF (CQQQ) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CQQQ returned -25.61% while QQQ returned +24.33%. Year to date, CQQQ is down 19.07% versus a gain of 22.67% for QQQ.
Over three years, CQQQ compounded at +8.41% per year against +29.05% for QQQ; over five years the annualized figures are -6.57% and +17.00% respectively. Across the full 17-year window we track, QQQ has the edge at +18.66% annualized vs +4.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CQQQ has been the more volatile fund, with annualized monthly volatility of 28.3% compared with 17.6% 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 -74.0% for CQQQ and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CQQQ 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, CQQQ currently yields 2.28% against 0.42% for QQQ.
Holdings Overlap
10.6% of CQQQ's money is in holdings QQQ also owns. 0.2% of QQQ's money is in holdings CQQQ also owns.
CQQQ and QQQ share little of their money.
1 positions in common, counted across the 175 positions we hold weights for in CQQQ and 102 in QQQ, against full books of 187 and 321.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for CQQQ (97.5% of the fund), and 3 for CQQQ that do not appear in QQQ (0.7%).
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.
Top Shared Holdings
| Stock | Weight in CQQQ | Weight in QQQ | Difference |
|---|---|---|---|
| PDDPDD Holdings Inc. (ADR) | 10.56% | 0.23% | 10.33% |
You are not choosing between two funds in isolation.
Whichever of CQQQ 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, CQQQ or QQQ?
CQQQ has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, CQQQ or QQQ?
Over the past year CQQQ returned -25.61% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), CQQQ annualized +4.38% vs +18.66% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CQQQ or QQQ?
CQQQ has been the more volatile fund at 28.3% annualized versus 17.6% for QQQ. Worst drawdown: CQQQ -74.0% vs QQQ -35.1%.
Should I hold both CQQQ and QQQ?
CQQQ and QQQ have a monthly-return correlation of 0.49, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CQQQ and QQQ?
10.6% of CQQQ's money is in holdings QQQ also owns. 0.2% of QQQ's is in holdings CQQQ also owns. They hold 1 positions in common, counted across the 175 positions we hold weights for in CQQQ and 102 in QQQ.
Which pays a higher dividend, CQQQ or QQQ?
CQQQ yields 2.28% while QQQ yields 0.42%, so CQQQ currently pays the higher dividend yield.
Is QQQ better than CQQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.