- ISIN
- US46138E8003
- CUSIP
- 46138E800
- Issuer
- Invesco
- Inception Date
- Dec 8, 2009
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE China Incl A 25% Technology Capped Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
CQQQ Performance Chart
Invesco China Technology ETF (CQQQ) is up 5.9% since the beginning of the year. CQQQ is currently trading at $55 per share. Investors who bought $1,000 worth of CQQQ shares 5 years ago would now be looking at an investment worth $694.
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Returns By Period
Invesco China Technology ETF (CQQQ) has returned 5.94% so far this year and 34.10% over the past 12 months. Over the last ten years, CQQQ has returned 6.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco China Technology ETF
- 1D
- 0.02%
- 1M
- 4.40%
- YTD
- 5.94%
- 6M
- 6.31%
- 1Y
- 34.10%
- 3Y*
- 12.46%
- 5Y*
- -7.05%
- 10Y*
- 6.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CQQQ Monthly Returns History
Based on dividend-adjusted daily data since Dec 8, 2009, CQQQ's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 55% of months were positive and 45% were negative. The best month was Sep 2024 with a return of +28.9%, while the worst month was Sep 2011 at -22.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CQQQ closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +25.7%, while the worst single day was Oct 8, 2024 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.31% | -6.68% | -11.62% | 10.84% | 3.51% | 4.34% | 5.94% | ||||||
| 2025 | 3.81% | 11.50% | -2.79% | -5.35% | -3.10% | 8.88% | 5.76% | 14.34% | 10.28% | -4.91% | -6.22% | 1.00% | 34.96% |
| 2024 | -20.47% | 10.74% | 1.23% | 5.02% | 2.85% | -3.12% | -1.10% | -3.53% | 28.91% | 0.12% | -1.77% | -2.67% | 9.84% |
| 2023 | 11.91% | -10.54% | 7.23% | -9.62% | -9.33% | 3.88% | 10.59% | -8.91% | -9.39% | -4.31% | 6.70% | -2.20% | -16.71% |
| 2022 | -4.60% | -5.74% | -15.97% | -8.01% | 7.11% | 9.08% | -10.68% | -1.22% | -18.40% | -12.03% | 28.63% | 5.65% | -30.09% |
| 2021 | 12.39% | 1.53% | -13.30% | 1.36% | -2.14% | 4.22% | -14.26% | -1.70% | -7.30% | 3.75% | -3.58% | -5.59% | -24.54% |
Benchmark Metrics
Invesco China Technology ETF has an annualized alpha of -2.26%, beta of 0.98, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since December 08, 2009.
- This ETF participated in 101.00% of S&P 500 Index downside but only 75.02% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.30 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -2.26%
- Beta
- 0.98
- R²
- 0.30
- Upside Capture
- 75.02%
- Downside Capture
- 101.00%
Expense Ratio
CQQQ has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CQQQ ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CQQQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.78 | -1.38 |
| Martin ratioReturn relative to average drawdown | 3.21 | 12.44 | -9.23 |
Dividends
Dividend History
Invesco China Technology ETF provided a 2.04% dividend yield over the last twelve months, with an annual payout of $1.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.13 | $1.13 | $0.11 | $0.20 | $0.03 | $0.00 | $0.39 | $0.01 | $0.17 | $0.86 | $0.60 | $0.64 |
Dividend yield | 2.04% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco China Technology ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco China Technology ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco China Technology ETF was 73.99%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
The current Invesco China Technology ETF drawdown is 47.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -73.99%Feb 2024 | 2y 11mo | — | 5y 4moFeb 2021 - now |
2019 bear market2019 | -43.04%Jan 2019 | 11mo 9d | 1y 6mo | 2y 5moJan 2018 - Jul 2020 |
2011 bear market2011 | -41.76%Oct 2011 | 5mo 15d | 1y 11mo | 2y 4moApr 2011 - Sep 2013 |
2015 bear market2015 | -38.76%Aug 2015 | 3mo 6d | 1y 8mo | 1y 11moMay 2015 - Apr 2017 |
2014 bear market2014 | -21.93%May 2014 | 2mo 2d | 10mo 29d | 1y 26dMar 2014 - Apr 2015 |
Drawdown Indicators
| CQQQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -56.78% | -17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -9.10% | -15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -18.90% | -17.03% |
Max Drawdown (5Y)Largest decline over 5 years | -66.96% | -25.43% | -41.53% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | -33.92% | -40.07% |
Current DrawdownCurrent decline from peak | -47.45% | -1.80% | -45.65% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -10.71% | -17.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 2.03% | +8.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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