CQQQ vs. BRK-B

Last updated Jun 9, 2026

CQQQ (Invesco China Technology ETF) is China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, CQQQ returned 5.12%/yr vs 13.14%/yr for BRK-B. At a 0.33 correlation, their price movements are largely independent.

Performance

CQQQ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco China Technology ETF (CQQQ) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CQQQ achieves a -2.77% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, CQQQ has underperformed BRK-B with an annualized return of 5.12%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

CQQQ

• 1D: -1.08%
• 1M: -5.74%
• YTD: -2.77%
• 6M: -3.14%
• 1Y: 20.91%
• 3Y*: 8.58%
• 5Y*: -8.26%
• 10Y*: 5.12%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

CQQQ vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CQQQ Invesco China Technology ETF	-2.77%	34.96%	9.84%	-16.71%	-30.09%	-24.54%	57.33%	33.57%	-34.77%	74.31%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between CQQQ and BRK-B is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 9, 2009	0.33

The correlation between CQQQ and BRK-B shifts across timeframes, from -0.01 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CQQQ vs. BRK-B — Risk / Return Rank

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

CQQQ

CQQQ Risk / Return Rank: 22
CQQQ Sharpe Ratio Rank: 22
CQQQ Sortino Ratio Rank: 23
CQQQ Omega Ratio Rank: 23
CQQQ Calmar Ratio Rank: 21
CQQQ Martin Ratio Rank: 19

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

CQQQ vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and Berkshire Hathaway Inc. (BRK-B). 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.

	CQQQ	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.70	-0.09	+0.79
Sortino ratio: Return per unit of downside risk	1.17	-0.03	+1.20
Omega ratio: Gain probability vs. loss probability	1.14	1.00	+0.14
Calmar ratio: Return relative to maximum drawdown	0.86	-0.14	+1.00
Martin ratio: Return relative to average drawdown	2.00	-0.30	+2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CQQQ vs. BRK-B - Sharpe Ratio Comparison

The current CQQQ Sharpe Ratio is 0.70, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of CQQQ and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CQQQ	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	-0.09	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	0.65	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.68	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.48	-0.31

Drawdowns

CQQQ vs. BRK-B - Drawdown Comparison

The maximum CQQQ drawdown since its inception was -73.99%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for CQQQ and BRK-B.

Drawdown Indicators

	CQQQ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-73.99%	-53.86%	-20.13%
Max Drawdown (1Y) Largest decline over 1 year	-24.41%	-9.42%	-14.99%
Max Drawdown (3Y) Largest decline over 3 years	-35.93%	-14.95%	-20.98%
Max Drawdown (5Y) Largest decline over 5 years	-66.96%	-26.58%	-40.38%
Max Drawdown (10Y) Largest decline over 10 years	-73.99%	-29.57%	-44.42%
Current Drawdown Current decline from peak	-51.77%	-9.78%	-41.99%
Average Drawdown Average peak-to-trough decline	-28.31%	-11.07%	-17.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.48%	4.49%	+5.99%

Volatility

CQQQ vs. BRK-B - Volatility Comparison

Invesco China Technology ETF (CQQQ) has a higher volatility of 11.83% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CQQQ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.83%	3.98%	+7.85%
Volatility (6M) Calculated over the trailing 6-month period	22.45%	10.87%	+11.58%
Volatility (1Y) Calculated over the trailing 1-year period	30.22%	14.38%	+15.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.08%	17.13%	+20.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.34%	19.44%	+13.90%

Dividends

CQQQ vs. BRK-B - Dividend Comparison

CQQQ's dividend yield for the trailing twelve months is around 2.23%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK-B Berkshire Hathaway Inc.	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	2.23%	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

Can I hold both CQQQ and BRK-B in my portfolio?

CQQQ and BRK-B have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CQQQ or BRK-B?

CQQQ has higher volatility (11.83%) compared to BRK-B (3.98%). In terms of maximum drawdown, CQQQ dropped -73.99% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

CQQQ currently has the higher Sharpe Ratio (0.70 vs -0.09), 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.