AAXJ vs. CQQQ
Compare and contrast key facts about iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and Invesco China Technology ETF (CQQQ).
AAXJ and CQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAXJ is a passively managed fund by iShares that tracks the performance of the MSCI All Country Asia ex Japan Index. It was launched on Aug 13, 2008. CQQQ is a passively managed fund by Invesco that tracks the performance of the AlphaShares China Technology Index. It was launched on Dec 8, 2009. Both AAXJ and CQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAXJ or CQQQ.
Key characteristics
| AAXJ | CQQQ | |
|---|---|---|
| YTD Return | 3.62% | -4.12% |
| 1Y Return | 5.78% | -17.70% |
| 3Y Return (Ann) | -7.89% | -25.19% |
| 5Y Return (Ann) | 0.97% | -7.31% |
| 10Y Return (Ann) | 3.38% | 1.19% |
| Sharpe Ratio | 0.41 | -0.55 |
| Daily Std Dev | 15.61% | 30.11% |
| Max Drawdown | -49.37% | -73.99% |
| Current Drawdown | -28.22% | -67.92% |
Correlation
The correlation between AAXJ and CQQQ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAXJ vs. CQQQ - Performance Comparison
In the year-to-date period, AAXJ achieves a 3.62% return, which is significantly higher than CQQQ's -4.12% return. Over the past 10 years, AAXJ has outperformed CQQQ with an annualized return of 3.38%, while CQQQ has yielded a comparatively lower 1.19% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAXJ vs. CQQQ - Expense Ratio Comparison
AAXJ has a 0.68% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
AAXJ vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and Invesco China Technology ETF (CQQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAXJ vs. CQQQ - Dividend Comparison
AAXJ's dividend yield for the trailing twelve months is around 2.18%, more than CQQQ's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 2.18% | 2.26% | 1.73% | 2.20% | 1.05% | 1.82% | 2.09% | 1.98% | 1.76% | 2.43% | 1.77% | 1.76% |
CQQQ Invesco China Technology ETF | 0.57% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% | 1.00% | 0.79% |
Drawdowns
AAXJ vs. CQQQ - Drawdown Comparison
The maximum AAXJ drawdown since its inception was -49.37%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for AAXJ and CQQQ. For additional features, visit the drawdowns tool.
Volatility
AAXJ vs. CQQQ - Volatility Comparison
The current volatility for iShares MSCI All Country Asia ex-Japan ETF (AAXJ) is 4.27%, while Invesco China Technology ETF (CQQQ) has a volatility of 8.04%. This indicates that AAXJ experiences smaller price fluctuations and is considered to be less risky than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.