ASIA vs. QQQ

Last updated Jun 23, 2026

ASIA (Matthews Pacific Tiger Active ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - ASIA is a Asia Pacific Equities fund actively managed by Matthews, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. ASIA is actively managed, while QQQ is passively managed. Over the past year, ASIA returned 70.76% vs 40.91% for QQQ. A 0.66 correlation means they provide meaningful diversification when combined. ASIA charges 0.79%/yr vs 0.18%/yr for QQQ.

Performance

ASIA vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Pacific Tiger Active ETF (ASIA) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASIA achieves a 38.62% return, which is significantly higher than QQQ's 20.41% return.

ASIA

• 1D: 1.18%
• 1M: 10.36%
• YTD: 38.62%
• 6M: 40.85%
• 1Y: 70.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.25%
• 1M: 2.96%
• YTD: 20.41%
• 6M: 19.46%
• 1Y: 40.91%
• 3Y*: 27.47%
• 5Y*: 16.94%
• 10Y*: 22.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASIA vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASIA Matthews Pacific Tiger Active ETF	38.62%	32.06%	3.41%	0.01%
QQQ Invesco QQQ ETF	20.41%	20.77%	25.58%	14.72%

Correlation

The correlation between ASIA and QQQ is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.66

The correlation between ASIA and QQQ has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

ASIA vs. QQQ - Sectors Allocation Comparison

Sectors	ASIA	QQQ
Technology	55.9%	58.7%
Financial Services	14.6%	0.2%
Industrials	9.2%	2.6%
Consumer Cyclical	6.6%	11.4%
Communication Services	3.9%	14.3%
Energy	3.0%	0.5%
Healthcare	2.9%	3.7%
Real Estate	2.5%	0.1%
Basic Materials	1.4%	1.0%
Consumer Defensive	1.1%	6.4%
Utilities	-	1.2%

Return for Risk

ASIA vs. QQQ — Risk / Return Rank

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

ASIA

ASIA Risk / Return Rank: 87
ASIA Sharpe Ratio Rank: 90
ASIA Sortino Ratio Rank: 82
ASIA Omega Ratio Rank: 89
ASIA Calmar Ratio Rank: 88
ASIA Martin Ratio Rank: 86

QQQ

QQQ Risk / Return Rank: 72
QQQ Sharpe Ratio Rank: 76
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 72
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASIA vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Active ETF (ASIA) and Invesco QQQ ETF (QQQ). 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.

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.

	ASIA	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.33	+0.59
Sortino ratio: Return per unit of downside risk	3.48	3.03	+0.45
Omega ratio: Gain probability vs. loss probability	1.54	1.41	+0.13
Calmar ratio: Return relative to maximum drawdown	4.91	3.44	+1.48
Martin ratio: Return relative to average drawdown	17.48	12.79	+4.70

ASIA vs. QQQ - Sharpe Ratio Comparison

The current ASIA Sharpe Ratio is 2.92, which is comparable to the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of ASIA and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASIA vs. QQQ - Drawdown Comparison

The maximum ASIA drawdown since its inception was -23.95%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ASIA and QQQ.

Drawdown Indicators

	ASIA	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-82.97%	+59.02%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-11.96%	-2.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	0.00%	-0.99%	+0.99%
Average Drawdown Average peak-to-trough decline	-4.84%	-32.73%	+27.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.21%	+0.85%

Volatility

ASIA vs. QQQ - Volatility Comparison

Matthews Pacific Tiger Active ETF (ASIA) has a higher volatility of 13.30% compared to Invesco QQQ ETF (QQQ) at 8.47%. This indicates that ASIA's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASIA	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.30%	8.47%	+4.83%
Volatility (6M) Calculated over the trailing 6-month period	21.85%	14.20%	+7.65%
Volatility (1Y) Calculated over the trailing 1-year period	24.41%	17.67%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	22.64%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.27%	22.43%	-1.16%

ASIA vs. QQQ - Expense Ratio Comparison

ASIA has a 0.79% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

ASIA vs. QQQ - Dividend Comparison

ASIA's dividend yield for the trailing twelve months is around 0.75%, more than QQQ's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASIA Matthews Pacific Tiger Active ETF	0.75%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both ASIA and QQQ in my portfolio?

ASIA and QQQ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASIA or QQQ?

ASIA has higher volatility (13.30%) compared to QQQ (8.47%). In terms of maximum drawdown, ASIA dropped -23.95% vs QQQ's -82.97%.

Which ETF is better, ASIA or QQQ?

On 1-year performance, ASIA leads with 70.76% vs 40.91% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASIA or QQQ?

Over the 1-year period, ASIA has performed better with a 70.76% return vs 40.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASIA or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.79% for ASIA.

Which ETF pays a higher dividend yield, ASIA or QQQ?

ASIA has the higher dividend yield at 0.75%, compared with 0.49% for QQQ.

What is the main difference between ASIA and QQQ?

ASIA is categorized as Asia Pacific Equities, while QQQ is Nasdaq-100. They also come from different issuers: Matthews and Invesco. Their fees differ too: 0.79% for ASIA and 0.18% for QQQ.

Which has better risk-adjusted returns?

ASIA currently has the higher Sharpe Ratio (2.92 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.