QQQ vs TCHI
Invesco QQQ Trust, Series 1 vs iShares MSCI China Multisector Tech ETF
Which is better, QQQ or TCHI?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. TCHI is less concentrated, with 40.1% 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 | QQQ | TCHI |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.59% |
| AUM | $483.5B | $44M |
| Dividend Yield | 0.44% | 2.30% |
| Holdings | 107 | 196 |
| YTD Return | +15.86%Best | -7.74% |
| 1Y Return | +22.63%Best | -5.89% |
| 3Y Return (annualized) | +24.15%Best | +11.17% |
| 5Y Return (annualized) | +14.16% | - |
| Volatility (annualized) | 20.9%Best | 32.0% |
| Max Drawdown | -29.6%Best | -44.0% |
| $10,000 over 4.6 years | $19,919Best | $9,763 |
| Top 10 Weight | 46.5% | 40.1%Best |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jan 25, 2022 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 1, 2022 to Sep 10, 2026 (4.6 years).
QQQ vs TCHI 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 4.6 years both funds cover.
QQQ vs TCHI Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and iShares MSCI China Multisector Tech ETF (TCHI) is an ETF from iShares by BlackRock (US). Over the past year QQQ returned +22.63% while TCHI returned -5.89%. Year to date, QQQ is up 15.86% versus a loss of 7.74% for TCHI.
Over three years, QQQ compounded at +24.15% per year against +11.17% for TCHI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCHI has been the more volatile fund, with annualized monthly volatility of 32.0% compared with 20.9% 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 -29.6% for QQQ and -44.0% for TCHI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TCHI charges 0.59%. On a $10,000 position that is $18 vs $59 annually, a gap of $41 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.30% for TCHI.
Holdings Overlap
0.3% of QQQ's money is in holdings TCHI also owns. 3.8% of TCHI's money is in holdings QQQ also owns.
TCHI and QQQ share little of their money.
1 positions in common, counted across the 102 positions we hold weights for in QQQ and 190 in TCHI, against full books of 107 and 196.
What only one of them owns
Our book lists 4 positions for TCHI that do not appear in our book for QQQ (2.0% of the fund), and 95 for QQQ that do not appear in TCHI (97.0%).
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.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TCHI | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc | 0.27% | 3.80% | 3.53% |
You are not choosing between two funds in isolation.
Whichever of QQQ and TCHI 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, QQQ or TCHI?
QQQ has an expense ratio of 0.18% while TCHI charges 0.59%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, QQQ or TCHI?
Over the past year QQQ returned +22.63% vs -5.89% for TCHI, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TCHI?
TCHI has been the more volatile fund at 32.0% annualized versus 20.9% for QQQ. Worst drawdown: QQQ -29.6% vs TCHI -44.0%.
Should I hold both QQQ and TCHI?
QQQ and TCHI have a monthly-return correlation of 0.31, 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 QQQ and TCHI?
3.8% of TCHI's money is in holdings QQQ also owns. 3.8% of TCHI's is in holdings QQQ also owns. They hold 1 positions in common, counted across the 102 positions we hold weights for in QQQ and 190 in TCHI.
Which pays a higher dividend, QQQ or TCHI?
QQQ yields 0.44% while TCHI yields 2.30%, so TCHI currently pays the higher dividend yield.
Is TCHI better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. TCHI is less concentrated, with 40.1% 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.