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AAXJ vs. CQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AAXJ and CQQQ is 0.79, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

AAXJ vs. CQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and Invesco China Technology ETF (CQQQ). The values are adjusted to include any dividend payments, if applicable.

70.00%80.00%90.00%100.00%110.00%120.00%130.00%NovemberDecember2025FebruaryMarchApril
66.77%
85.16%
AAXJ
CQQQ

Key characteristics

Sharpe Ratio

AAXJ:

0.15

CQQQ:

0.62

Sortino Ratio

AAXJ:

0.33

CQQQ:

1.19

Omega Ratio

AAXJ:

1.04

CQQQ:

1.14

Calmar Ratio

AAXJ:

0.09

CQQQ:

0.35

Martin Ratio

AAXJ:

0.43

CQQQ:

1.83

Ulcer Index

AAXJ:

6.50%

CQQQ:

13.68%

Daily Std Dev

AAXJ:

18.57%

CQQQ:

40.27%

Max Drawdown

AAXJ:

-49.37%

CQQQ:

-73.99%

Current Drawdown

AAXJ:

-26.99%

CQQQ:

-62.31%

Returns By Period

In the year-to-date period, AAXJ achieves a -4.56% return, which is significantly lower than CQQQ's 2.54% return. Over the past 10 years, AAXJ has outperformed CQQQ with an annualized return of 2.43%, while CQQQ has yielded a comparatively lower 0.71% annualized return.


AAXJ

YTD

-4.56%

1M

-9.39%

6M

-13.77%

1Y

3.36%

5Y*

5.37%

10Y*

2.43%

CQQQ

YTD

2.54%

1M

-16.07%

6M

-15.24%

1Y

25.78%

5Y*

-3.27%

10Y*

0.71%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AAXJ vs. CQQQ - Expense Ratio Comparison

AAXJ has a 0.68% expense ratio, which is lower than CQQQ's 0.70% expense ratio.


CQQQ
Invesco China Technology ETF
Expense ratio chart for CQQQ: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CQQQ: 0.70%
Expense ratio chart for AAXJ: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AAXJ: 0.68%

Risk-Adjusted Performance

AAXJ vs. CQQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAXJ
The Risk-Adjusted Performance Rank of AAXJ is 3939
Overall Rank
The Sharpe Ratio Rank of AAXJ is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of AAXJ is 4141
Sortino Ratio Rank
The Omega Ratio Rank of AAXJ is 4040
Omega Ratio Rank
The Calmar Ratio Rank of AAXJ is 3737
Calmar Ratio Rank
The Martin Ratio Rank of AAXJ is 3838
Martin Ratio Rank

CQQQ
The Risk-Adjusted Performance Rank of CQQQ is 6767
Overall Rank
The Sharpe Ratio Rank of CQQQ is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of CQQQ is 7575
Sortino Ratio Rank
The Omega Ratio Rank of CQQQ is 7373
Omega Ratio Rank
The Calmar Ratio Rank of CQQQ is 5656
Calmar Ratio Rank
The Martin Ratio Rank of CQQQ is 6262
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for AAXJ, currently valued at 0.15, compared to the broader market-1.000.001.002.003.004.005.00
AAXJ: 0.15
CQQQ: 0.62
The chart of Sortino ratio for AAXJ, currently valued at 0.33, compared to the broader market-2.000.002.004.006.008.0010.00
AAXJ: 0.33
CQQQ: 1.19
The chart of Omega ratio for AAXJ, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
AAXJ: 1.04
CQQQ: 1.14
The chart of Calmar ratio for AAXJ, currently valued at 0.09, compared to the broader market0.005.0010.0015.00
AAXJ: 0.09
CQQQ: 0.35
The chart of Martin ratio for AAXJ, currently valued at 0.43, compared to the broader market0.0020.0040.0060.0080.00100.00
AAXJ: 0.43
CQQQ: 1.83

The current AAXJ Sharpe Ratio is 0.15, which is lower than the CQQQ Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of AAXJ and CQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.15
0.62
AAXJ
CQQQ

Dividends

AAXJ vs. CQQQ - Dividend Comparison

AAXJ's dividend yield for the trailing twelve months is around 1.94%, more than CQQQ's 0.27% yield.


TTM20242023202220212020201920182017201620152014
AAXJ
iShares MSCI All Country Asia ex-Japan ETF
1.94%1.86%2.26%1.73%2.21%1.06%1.83%2.10%1.99%1.77%2.44%1.78%
CQQQ
Invesco China Technology ETF
0.27%0.28%0.55%0.08%0.00%0.47%0.01%0.43%1.42%1.69%1.77%1.00%

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.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2025FebruaryMarchApril
-26.99%
-62.31%
AAXJ
CQQQ

Volatility

AAXJ vs. CQQQ - Volatility Comparison

The current volatility for iShares MSCI All Country Asia ex-Japan ETF (AAXJ) is 7.42%, while Invesco China Technology ETF (CQQQ) has a volatility of 11.05%. 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.


5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
7.42%
11.05%
AAXJ
CQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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