CQQQ vs. FCA
Compare and contrast key facts about Invesco China Technology ETF (CQQQ) and First Trust China AlphaDEX Fund (FCA).
CQQQ and FCA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FCA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX China Index. It was launched on Apr 18, 2011. Both CQQQ and FCA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CQQQ vs. FCA - Performance Comparison
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CQQQ vs. FCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | -11.50% | 34.96% | 9.84% | -16.71% | -30.09% | -24.54% | 57.33% | 33.57% | -34.77% | 74.31% |
FCA First Trust China AlphaDEX Fund | 10.86% | 45.20% | 14.07% | -8.28% | -17.61% | -0.65% | 11.80% | 18.72% | -18.30% | 60.26% |
Returns By Period
In the year-to-date period, CQQQ achieves a -11.50% return, which is significantly lower than FCA's 10.86% return. Over the past 10 years, CQQQ has underperformed FCA with an annualized return of 3.76%, while FCA has yielded a comparatively higher 9.40% annualized return.
CQQQ
- 1D
- 2.91%
- 1M
- -11.62%
- YTD
- -11.50%
- 6M
- -20.29%
- 1Y
- 6.15%
- 3Y*
- 0.59%
- 5Y*
- -10.73%
- 10Y*
- 3.76%
FCA
- 1D
- -0.29%
- 1M
- -7.82%
- YTD
- 10.86%
- 6M
- 8.68%
- 1Y
- 53.93%
- 3Y*
- 17.99%
- 5Y*
- 5.95%
- 10Y*
- 9.40%
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CQQQ vs. FCA - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is lower than FCA's 0.80% expense ratio.
Return for Risk
CQQQ vs. FCA — Risk / Return Rank
CQQQ
FCA
CQQQ vs. FCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and First Trust China AlphaDEX Fund (FCA). 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 | FCA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.19 | 2.07 | -1.88 |
Sortino ratioReturn per unit of downside risk | 0.51 | 2.56 | -2.05 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.38 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.23 | 3.34 | -3.10 |
Martin ratioReturn relative to average drawdown | 0.63 | 15.08 | -14.45 |
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 | FCA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 2.07 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | 0.22 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.36 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.13 | +0.02 |
Correlation
The correlation between CQQQ and FCA is 0.57, 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.
Dividends
CQQQ vs. FCA - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 2.45%, more than FCA's 2.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.45% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
FCA First Trust China AlphaDEX Fund | 2.32% | 2.67% | 5.17% | 5.70% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% |
Drawdowns
CQQQ vs. FCA - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, which is greater than FCA's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CQQQ and FCA.
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Drawdown Indicators
| CQQQ | FCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -45.56% | -28.43% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -15.81% | -8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -67.04% | -42.47% | -24.57% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | -42.47% | -31.52% |
Current DrawdownCurrent decline from peak | -56.10% | -8.75% | -47.35% |
Average DrawdownAverage peak-to-trough decline | -28.04% | -21.81% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 3.50% | +5.49% |
Volatility
CQQQ vs. FCA - Volatility Comparison
Invesco China Technology ETF (CQQQ) has a higher volatility of 10.60% compared to First Trust China AlphaDEX Fund (FCA) at 8.25%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than FCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQQQ | FCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 8.25% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 16.57% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.95% | 26.19% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.72% | 27.43% | +10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.06% | 26.57% | +6.49% |