ASIAX vs. CQQQ
Compare and contrast key facts about Invesco EQV Asia Pacific Equity Fund (ASIAX) and Invesco China Technology ETF (CQQQ).
ASIAX is managed by Invesco. It was launched on Nov 2, 1997. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASIAX or CQQQ.
Key characteristics
| ASIAX | CQQQ | |
|---|---|---|
| YTD Return | 3.47% | -2.17% |
| 1Y Return | 2.34% | -11.99% |
| 3Y Return (Ann) | -4.56% | -23.34% |
| 5Y Return (Ann) | 3.45% | -5.84% |
| 10Y Return (Ann) | 4.51% | 1.98% |
| Sharpe Ratio | 0.12 | -0.45 |
| Daily Std Dev | 12.41% | 31.09% |
| Max Drawdown | -63.78% | -73.99% |
| Current Drawdown | -20.90% | -67.27% |
Correlation
The correlation between ASIAX and CQQQ is 0.72, 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
ASIAX vs. CQQQ - Performance Comparison
In the year-to-date period, ASIAX achieves a 3.47% return, which is significantly higher than CQQQ's -2.17% return. Over the past 10 years, ASIAX has outperformed CQQQ with an annualized return of 4.51%, while CQQQ has yielded a comparatively lower 1.98% 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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ASIAX vs. CQQQ - Expense Ratio Comparison
ASIAX has a 1.45% expense ratio, which is higher than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
ASIAX vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Asia Pacific Equity Fund (ASIAX) 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
ASIAX vs. CQQQ - Dividend Comparison
ASIAX's dividend yield for the trailing twelve months is around 2.75%, more than CQQQ's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 2.75% | 2.84% | 7.25% | 7.71% | 7.37% | 6.73% | 7.17% | 7.91% | 2.08% | 3.16% | 4.38% | 6.48% |
CQQQ Invesco China Technology ETF | 0.56% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% | 1.00% | 0.79% |
Drawdowns
ASIAX vs. CQQQ - Drawdown Comparison
The maximum ASIAX drawdown since its inception was -63.78%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for ASIAX and CQQQ. For additional features, visit the drawdowns tool.
Volatility
ASIAX vs. CQQQ - Volatility Comparison
The current volatility for Invesco EQV Asia Pacific Equity Fund (ASIAX) is 4.23%, while Invesco China Technology ETF (CQQQ) has a volatility of 11.37%. This indicates that ASIAX 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.