CQQQ vs QQQ
Invesco China Technology ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CQQQ offers more diversification with 178 holdings.
Side-by-Side Comparison
| Metric | CQQQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $3.2B | $496.3B | |
| Dividend Yield | 2.27% | 0.44% | |
| Holdings | 178 | 108 | |
| YTD Return | -9.13% | +16.64% | |
| 1Y Return | +2.21% | +27.27% | |
| 3Y Return (annualized) | +10.17% | +25.96% | |
| 5Y Return (annualized) | -5.30% | +14.54% | |
| Volatility (annualized) | 28.4% | 30.6% | |
| Max Drawdown | -74.0% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 8, 2009 | Mar 10, 1999 |
CQQQ vs QQQ Performance
Invesco China Technology ETF (CQQQ) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CQQQ returned +2.21% while QQQ returned +27.27%. Year to date, CQQQ is down 9.13% versus a gain of 16.64% for QQQ.
Over three years, CQQQ compounded at +10.17% per year against +25.96% for QQQ; over five years the annualized figures are -5.30% and +14.54% respectively. Across the full 17-year window we track, QQQ has the edge at +13.03% annualized vs +5.13%. 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 28.4% for CQQQ. 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 -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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.27% against 0.44% for QQQ.
Holdings Overlap
CQQQ and QQQ share 1 holdings out of 276 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 CQQQ | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 8.72% | 0.27% | 8.45% |
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, CQQQ or QQQ?
Over the past year CQQQ returned +2.21% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), CQQQ annualized +5.13% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CQQQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 28.4% for CQQQ. Worst drawdown: CQQQ -74.0% vs QQQ -83.0%.
Should I hold both CQQQ and QQQ?
CQQQ and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CQQQ and QQQ?
CQQQ and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 276 unique securities.
Which pays a higher dividend, CQQQ or QQQ?
CQQQ yields 2.27% while QQQ yields 0.44%, so CQQQ currently pays the higher dividend yield.
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