MCHS vs QQQ
Matthews China Discovery Active ETF vs Invesco QQQ Trust, Series 1
Which is better, MCHS or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. MCHS led over 1Y and the full window.
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 | MCHS | QQQ |
|---|---|---|
| Expense Ratio | 0.89% | 0.18%Best |
| AUM | $20M | $483.5B |
| Dividend Yield | 1.90% | 0.44% |
| Holdings | 54 | 107 |
| YTD Return | +19.96%Best | +15.86% |
| 1Y Return | +22.66%Best | +22.63% |
| 3Y Return (annualized) | - | +24.15% |
| 5Y Return (annualized) | - | +14.16% |
| Volatility (annualized) | 29.5% | 17.3%Best |
| Max Drawdown | -24.8% | -22.8%Best |
| $10,000 over 2.7 years | $18,046Best | $17,681 |
| Fund Family | Matthews Asia Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Jan 10, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 11, 2024 to Sep 10, 2026 (2.7 years).
MCHS 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 2.7 years both funds cover.
MCHS vs QQQ Performance
Matthews China Discovery Active ETF (MCHS) is an ETF from Matthews Asia Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MCHS returned +22.66% while QQQ returned +22.63%. Year to date, MCHS is up 19.96% versus a gain of 15.86% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCHS has been the more volatile fund, with annualized monthly volatility of 29.5% compared with 17.3% 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 -24.8% for MCHS and -22.8% 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 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MCHS charges 0.89% per year while QQQ charges 0.18%. On a $10,000 position that is $89 vs $18 annually, a gap of $71 per year that compounds over a long holding period. On income, MCHS currently yields 1.90% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 50 holdings in MCHS and 102 in QQQ, totalling 92.5% 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 50 positions we hold weights for in MCHS and 102 in QQQ, against full books of 54 and 107.
You are not choosing between two funds in isolation.
Whichever of MCHS 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, MCHS or QQQ?
MCHS has an expense ratio of 0.89% while QQQ charges 0.18%. QQQ is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, MCHS or QQQ?
Over the past year MCHS returned +22.66% vs +22.63% for QQQ, so MCHS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MCHS or QQQ?
MCHS has been the more volatile fund at 29.5% annualized versus 17.3% for QQQ. Worst drawdown: MCHS -24.8% vs QQQ -22.8%.
Should I hold both MCHS and QQQ?
MCHS and QQQ have a monthly-return correlation of 0.46, 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, MCHS or QQQ?
MCHS yields 1.90% while QQQ yields 0.44%, so MCHS currently pays the higher dividend yield.
Is QQQ better than MCHS?
QQQ has a lower expense ratio. MCHS led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.