CBUK.DE vs. CQQQ
CBUK.DE (iShares MSCI China Tech UCITS ETF USD Acc) and CQQQ (Invesco China Technology ETF) are both exchange-traded funds - CBUK.DE is a Technology Equities fund tracking the MSCI China Technology Sub-Industries ESG Screened Select Capped, while CQQQ is a China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index. Both are passively managed. Over the past 3 years, CBUK.DE returned 13.37%/yr vs 8.31%/yr for CQQQ. Their correlation of 0.84 suggests significant overlap in exposure. CBUK.DE charges 0.45%/yr vs 0.70%/yr for CQQQ.
Performance
CBUK.DE vs. CQQQ - Performance Comparison
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Different Trading Currencies
CBUK.DE is traded in EUR, while CQQQ is traded in USD. To make them comparable, the CQQQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUK.DE achieves a 2.62% return, which is significantly lower than CQQQ's 4.70% return.
CBUK.DE
- 1D
- -0.11%
- 1M
- 7.00%
- YTD
- 2.62%
- 6M
- 1.69%
- 1Y
- 22.22%
- 3Y*
- 13.37%
- 5Y*
- —
- 10Y*
- —
CQQQ
- 1D
- 0.89%
- 1M
- 6.21%
- YTD
- 4.70%
- 6M
- 5.72%
- 1Y
- 29.29%
- 3Y*
- 8.31%
- 5Y*
- -6.44%
- 10Y*
- 5.15%
CBUK.DE vs. CQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 2.62% | 21.05% | 18.05% | -9.04% | -1.49% |
CQQQ Invesco China Technology ETF | 4.70% | 18.95% | 17.09% | -19.21% | -4.05% |
Correlation
The correlation between CBUK.DE and CQQQ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.84 |
The correlation between CBUK.DE and CQQQ has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.
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Return for Risk
CBUK.DE vs. CQQQ — Risk / Return Rank
CBUK.DE
CQQQ
CBUK.DE vs. CQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) 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.
| CBUK.DE | CQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.28 | -0.36 |
| Martin ratioReturn relative to average drawdown | 1.88 | 2.89 | -1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBUK.DE | CQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.02 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.24 | -0.03 |
Drawdowns
CBUK.DE vs. CQQQ - Drawdown Comparison
The maximum CBUK.DE drawdown since its inception was -37.29%, smaller than the maximum CQQQ drawdown of -70.82%. Use the drawdown chart below to compare losses from any high point for CBUK.DE and CQQQ.
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Drawdown Indicators
| CBUK.DE | CQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -70.82% | +33.53% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -22.97% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -34.70% | +6.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.82% | — |
Current DrawdownCurrent decline from peak | -11.37% | -46.48% | +35.11% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -25.51% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 10.15% | +1.62% |
Volatility
CBUK.DE vs. CQQQ - Volatility Comparison
The current volatility for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) is 8.51%, while Invesco China Technology ETF (CQQQ) has a volatility of 11.01%. This indicates that CBUK.DE 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.
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Volatility by Period
| CBUK.DE | CQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 11.01% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 20.99% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 28.91% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.52% | 36.55% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.52% | 32.55% | -1.03% |
CBUK.DE vs. CQQQ - Expense Ratio Comparison
CBUK.DE has a 0.45% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Dividends
CBUK.DE vs. CQQQ - Dividend Comparison
CBUK.DE has not paid dividends to shareholders, while CQQQ's dividend yield for the trailing twelve months is around 2.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CQQQ Invesco China Technology ETF | 2.09% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
Frequently Asked Questions
CBUK.DE and CQQQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUK.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUK.DE is cheaper with a 0.45% expense ratio, compared with 0.70% for CQQQ.
CBUK.DE is categorized as Technology Equities, while CQQQ is China Equities. CBUK.DE tracks MSCI China Technology Sub-Industries ESG Screened Select Capped, while CQQQ tracks FTSE China Incl A 25% Technology Capped Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for CBUK.DE and 0.70% for CQQQ.
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