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

Correlation

The correlation between CQQQ and AAXJ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

CQQQ vs. AAXJ - Performance Comparison

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

60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
90.80%
77.56%
CQQQ
AAXJ

Key characteristics

Sharpe Ratio

CQQQ:

0.78

AAXJ:

0.61

Sortino Ratio

CQQQ:

1.40

AAXJ:

1.00

Omega Ratio

CQQQ:

1.17

AAXJ:

1.13

Calmar Ratio

CQQQ:

0.46

AAXJ:

0.40

Martin Ratio

CQQQ:

2.27

AAXJ:

1.75

Ulcer Index

CQQQ:

14.50%

AAXJ:

7.18%

Daily Std Dev

CQQQ:

42.33%

AAXJ:

20.69%

Max Drawdown

CQQQ:

-73.99%

AAXJ:

-49.37%

Current Drawdown

CQQQ:

-61.17%

AAXJ:

-22.26%

Returns By Period

In the year-to-date period, CQQQ achieves a 5.66% return, which is significantly higher than AAXJ's 1.62% return. Over the past 10 years, CQQQ has underperformed AAXJ with an annualized return of -0.12%, while AAXJ has yielded a comparatively higher 2.43% annualized return.


CQQQ

YTD

5.66%

1M

-7.86%

6M

3.20%

1Y

27.09%

5Y*

-3.72%

10Y*

-0.12%

AAXJ

YTD

1.62%

1M

-3.27%

6M

-3.54%

1Y

10.80%

5Y*

5.07%

10Y*

2.43%

*Annualized

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CQQQ vs. AAXJ - Expense Ratio Comparison

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


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

CQQQ vs. AAXJ — Risk-Adjusted Performance Rank

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

CQQQ
The Risk-Adjusted Performance Rank of CQQQ is 7171
Overall Rank
The Sharpe Ratio Rank of CQQQ is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of CQQQ is 7979
Sortino Ratio Rank
The Omega Ratio Rank of CQQQ is 7575
Omega Ratio Rank
The Calmar Ratio Rank of CQQQ is 6161
Calmar Ratio Rank
The Martin Ratio Rank of CQQQ is 6565
Martin Ratio Rank

AAXJ
The Risk-Adjusted Performance Rank of AAXJ is 6262
Overall Rank
The Sharpe Ratio Rank of AAXJ is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of AAXJ is 6767
Sortino Ratio Rank
The Omega Ratio Rank of AAXJ is 6464
Omega Ratio Rank
The Calmar Ratio Rank of AAXJ is 5656
Calmar Ratio Rank
The Martin Ratio Rank of AAXJ is 5757
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.

CQQQ vs. AAXJ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and iShares MSCI All Country Asia ex-Japan ETF (AAXJ). 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.


The chart of Sharpe ratio for CQQQ, currently valued at 0.78, compared to the broader market-1.000.001.002.003.004.00
CQQQ: 0.78
AAXJ: 0.61
The chart of Sortino ratio for CQQQ, currently valued at 1.40, compared to the broader market-2.000.002.004.006.008.00
CQQQ: 1.40
AAXJ: 1.00
The chart of Omega ratio for CQQQ, currently valued at 1.17, compared to the broader market0.501.001.502.002.50
CQQQ: 1.17
AAXJ: 1.13
The chart of Calmar ratio for CQQQ, currently valued at 0.46, compared to the broader market0.002.004.006.008.0010.0012.00
CQQQ: 0.46
AAXJ: 0.40
The chart of Martin ratio for CQQQ, currently valued at 2.27, compared to the broader market0.0020.0040.0060.00
CQQQ: 2.27
AAXJ: 1.75

The current CQQQ Sharpe Ratio is 0.78, which is comparable to the AAXJ Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of CQQQ and AAXJ, 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 Ratio0.000.501.001.50NovemberDecember2025FebruaryMarchApril
0.78
0.61
CQQQ
AAXJ

Dividends

CQQQ vs. AAXJ - Dividend Comparison

CQQQ's dividend yield for the trailing twelve months is around 0.27%, less than AAXJ's 1.83% yield.


TTM20242023202220212020201920182017201620152014
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%
AAXJ
iShares MSCI All Country Asia ex-Japan ETF
1.83%1.86%2.26%1.73%2.21%1.06%1.83%2.10%1.99%1.77%2.44%1.78%

Drawdowns

CQQQ vs. AAXJ - Drawdown Comparison

The maximum CQQQ drawdown since its inception was -73.99%, which is greater than AAXJ's maximum drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for CQQQ and AAXJ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%NovemberDecember2025FebruaryMarchApril
-61.17%
-22.26%
CQQQ
AAXJ

Volatility

CQQQ vs. AAXJ - Volatility Comparison

Invesco China Technology ETF (CQQQ) has a higher volatility of 16.89% compared to iShares MSCI All Country Asia ex-Japan ETF (AAXJ) at 11.85%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than AAXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
16.89%
11.85%
CQQQ
AAXJ