CQQQ vs. EUNW.DE
CQQQ (Invesco China Technology ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - CQQQ is a China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 10 years, CQQQ returned 5.12%/yr vs 3.33%/yr for EUNW.DE. At a 0.26 correlation, their price movements are largely independent. CQQQ charges 0.70%/yr vs 0.50%/yr for EUNW.DE.
Performance
CQQQ vs. EUNW.DE - Performance Comparison
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Different Trading Currencies
CQQQ is traded in USD, while EUNW.DE is traded in EUR. To make them comparable, the EUNW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CQQQ achieves a -2.77% return, which is significantly lower than EUNW.DE's -0.32% return. Over the past 10 years, CQQQ has outperformed EUNW.DE with an annualized return of 5.12%, while EUNW.DE has yielded a comparatively lower 3.33% 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%
EUNW.DE
- 1D
- 0.15%
- 1M
- -1.00%
- YTD
- -0.32%
- 6M
- 1.24%
- 1Y
- 5.16%
- 3Y*
- 9.22%
- 5Y*
- 1.72%
- 10Y*
- 3.33%
CQQQ vs. EUNW.DE - 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% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -0.32% | 18.53% | -0.16% | 14.77% | -14.36% | -5.19% | 10.94% | 7.55% | -8.06% | 19.38% |
Correlation
The correlation between CQQQ and EUNW.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.26 |
The correlation between CQQQ and EUNW.DE shifts across timeframes, from 0.26 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CQQQ vs. EUNW.DE — Risk / Return Rank
CQQQ
EUNW.DE
CQQQ vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE). 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 | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.66 | +0.20 |
| Martin ratioReturn relative to average drawdown | 2.00 | 1.96 | +0.04 |
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
| CQQQ | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.65 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.16 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.31 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.22 | -0.05 |
Drawdowns
CQQQ vs. EUNW.DE - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, which is greater than EUNW.DE's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for CQQQ and EUNW.DE.
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Drawdown Indicators
| CQQQ | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -31.65% | -42.34% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -7.43% | -16.98% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -7.55% | -28.38% |
Max Drawdown (5Y)Largest decline over 5 years | -66.96% | -31.57% | -35.39% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | -31.65% | -42.34% |
Current DrawdownCurrent decline from peak | -51.77% | -3.13% | -48.64% |
Average DrawdownAverage peak-to-trough decline | -28.31% | -8.15% | -20.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.48% | 2.52% | +7.96% |
Volatility
CQQQ vs. EUNW.DE - Volatility Comparison
Invesco China Technology ETF (CQQQ) has a higher volatility of 11.83% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 1.73%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQQQ | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 1.73% | +10.10% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 5.75% | +16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.22% | 7.57% | +22.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.08% | 10.44% | +27.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.34% | 10.65% | +22.69% |
CQQQ vs. EUNW.DE - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is higher than EUNW.DE's 0.50% expense ratio.
Dividends
CQQQ vs. EUNW.DE - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 2.23%, less than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
CQQQ and EUNW.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNW.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE is cheaper with a 0.50% expense ratio, compared with 0.70% for CQQQ.
CQQQ is categorized as China Equities, while EUNW.DE is European High Yield Bonds. CQQQ tracks FTSE China Incl A 25% Technology Capped Index, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.70% for CQQQ and 0.50% for EUNW.DE.
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