CGRO vs. CQQQ
Compare and contrast key facts about CoreValues Alpha Greater China Growth ETF (CGRO) and Invesco China Technology ETF (CQQQ).
CGRO and CQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGRO is an actively managed fund by CoreValues Alpha. It was launched on Oct 2, 2023. 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: CGRO or CQQQ.
Correlation
The correlation between CGRO and CQQQ is 0.78, 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
CGRO vs. CQQQ - Performance Comparison
Key characteristics
CGRO:
1.00
CQQQ:
1.41
CGRO:
1.59
CQQQ:
2.17
CGRO:
1.20
CQQQ:
1.26
CGRO:
1.44
CQQQ:
0.76
CGRO:
2.80
CQQQ:
4.06
CGRO:
11.56%
CQQQ:
13.46%
CGRO:
33.98%
CQQQ:
38.93%
CGRO:
-22.48%
CQQQ:
-73.99%
CGRO:
-5.49%
CQQQ:
-55.99%
Returns By Period
In the year-to-date period, CGRO achieves a 15.07% return, which is significantly lower than CQQQ's 19.76% return.
CGRO
15.07%
14.20%
39.93%
40.41%
N/A
N/A
CQQQ
19.76%
20.21%
46.72%
52.35%
-3.60%
3.47%
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CGRO vs. CQQQ - Expense Ratio Comparison
CGRO has a 0.75% expense ratio, which is higher than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
CGRO vs. CQQQ — Risk-Adjusted Performance Rank
CGRO
CQQQ
CGRO vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) 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
CGRO vs. CQQQ - Dividend Comparison
CGRO's dividend yield for the trailing twelve months is around 2.14%, more than CQQQ's 0.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | 2.14% | 2.47% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CQQQ Invesco China Technology ETF | 0.24% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% |
Drawdowns
CGRO vs. CQQQ - Drawdown Comparison
The maximum CGRO drawdown since its inception was -22.48%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for CGRO and CQQQ. For additional features, visit the drawdowns tool.
Volatility
CGRO vs. CQQQ - Volatility Comparison
CoreValues Alpha Greater China Growth ETF (CGRO) and Invesco China Technology ETF (CQQQ) have volatilities of 8.11% and 7.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.