CQQQ vs. IEAC.AS
CQQQ (Invesco China Technology ETF) and IEAC.AS (iShares Core € Corp Bond UCITS ETF) are both exchange-traded funds - CQQQ is a China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index, while IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index. Both are passively managed. Over the past 10 years, CQQQ returned 5.36%/yr vs 1.24%/yr for IEAC.AS. At a 0.19 correlation, their price movements are largely independent. CQQQ charges 0.70%/yr vs 0.20%/yr for IEAC.AS.
Performance
CQQQ vs. IEAC.AS - Performance Comparison
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Different Trading Currencies
CQQQ is traded in USD, while IEAC.AS is traded in EUR. To make them comparable, the IEAC.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CQQQ achieves a -1.35% return, which is significantly lower than IEAC.AS's -0.58% return. Over the past 10 years, CQQQ has outperformed IEAC.AS with an annualized return of 5.36%, while IEAC.AS has yielded a comparatively lower 1.24% annualized return.
CQQQ
- 1D
- -1.27%
- 1M
- -8.85%
- YTD
- -1.35%
- 6M
- -0.24%
- 1Y
- 21.23%
- 3Y*
- 8.01%
- 5Y*
- -8.12%
- 10Y*
- 5.36%
IEAC.AS
- 1D
- 0.21%
- 1M
- -0.13%
- YTD
- -0.58%
- 6M
- -0.25%
- 1Y
- 2.06%
- 3Y*
- 7.44%
- 5Y*
- -0.86%
- 10Y*
- 1.24%
CQQQ vs. IEAC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | -1.35% | 34.96% | 9.84% | -16.71% | -30.09% | -24.54% | 57.33% | 33.57% | -34.77% | 74.31% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | -0.58% | 16.90% | -2.06% | 11.14% | -18.82% | -7.76% | 11.63% | 4.22% | -6.12% | 16.65% |
Correlation
The correlation between CQQQ and IEAC.AS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2009 | 0.19 |
The correlation between CQQQ and IEAC.AS shifts across timeframes, from 0.19 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CQQQ vs. IEAC.AS — Risk / Return Rank
CQQQ
IEAC.AS
CQQQ vs. IEAC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and iShares Core € Corp Bond UCITS ETF (IEAC.AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CQQQ | IEAC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.09 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.57 | +0.30 |
| Martin ratioReturn relative to average drawdown | 2.01 | 1.58 | +0.43 |
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Drawdowns
CQQQ vs. IEAC.AS - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, which is greater than IEAC.AS's maximum drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for CQQQ and IEAC.AS.
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Drawdown Indicators
| CQQQ | IEAC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -34.76% | -39.23% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -6.52% | -17.89% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -8.38% | -27.55% |
Max Drawdown (5Y)Largest decline over 5 years | -66.96% | -33.30% | -33.66% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | -34.76% | -39.23% |
Current DrawdownCurrent decline from peak | -51.07% | -6.16% | -44.91% |
Average DrawdownAverage peak-to-trough decline | -28.32% | -9.91% | -18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 2.38% | +8.22% |
Volatility
CQQQ vs. IEAC.AS - Volatility Comparison
Invesco China Technology ETF (CQQQ) has a higher volatility of 10.63% compared to iShares Core € Corp Bond UCITS ETF (IEAC.AS) at 2.00%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than IEAC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQQQ | IEAC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 2.00% | +8.63% |
Volatility (6M)Calculated over the trailing 6-month period | 22.55% | 5.72% | +16.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.20% | 7.61% | +22.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.09% | 9.28% | +28.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.33% | 8.69% | +24.64% |
CQQQ vs. IEAC.AS - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is higher than IEAC.AS's 0.20% expense ratio.
Dividends
CQQQ vs. IEAC.AS - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 2.20%, less than IEAC.AS's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.20% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
CQQQ and IEAC.AS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.AS is cheaper with a 0.20% expense ratio, compared with 0.70% for CQQQ.
CQQQ is categorized as China Equities, while IEAC.AS is Corporate Bonds. CQQQ tracks FTSE China Incl A 25% Technology Capped Index, while IEAC.AS tracks Bloomberg Euro Corporate Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.70% for CQQQ and 0.20% for IEAC.AS.
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