CQQQ vs. IS0E.DE
CQQQ (Invesco China Technology ETF) and IS0E.DE (iShares Gold Producers UCITS ETF) are both exchange-traded funds - CQQQ is a China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index, while IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold. Both are passively managed. Over the past 10 years, CQQQ returned 5.12%/yr vs 14.17%/yr for IS0E.DE. At a 0.15 correlation, their price movements are largely independent. CQQQ charges 0.70%/yr vs 0.55%/yr for IS0E.DE.
Performance
CQQQ vs. IS0E.DE - Performance Comparison
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Different Trading Currencies
CQQQ is traded in USD, while IS0E.DE is traded in EUR. To make them comparable, the IS0E.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 IS0E.DE's -1.22% return. Over the past 10 years, CQQQ has underperformed IS0E.DE with an annualized return of 5.12%, while IS0E.DE has yielded a comparatively higher 14.17% 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%
IS0E.DE
- 1D
- 0.99%
- 1M
- -7.66%
- YTD
- -1.22%
- 6M
- 7.09%
- 1Y
- 66.84%
- 3Y*
- 41.90%
- 5Y*
- 18.65%
- 10Y*
- 14.17%
CQQQ vs. IS0E.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% |
IS0E.DE iShares Gold Producers UCITS ETF | -1.22% | 159.19% | 11.97% | 9.64% | -9.10% | -10.69% | 24.55% | 41.01% | -8.88% | 7.30% |
Correlation
The correlation between CQQQ and IS0E.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.15 |
The correlation between CQQQ and IS0E.DE shifts across timeframes, from 0.15 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CQQQ vs. IS0E.DE — Risk / Return Rank
CQQQ
IS0E.DE
CQQQ vs. IS0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and iShares Gold Producers UCITS ETF (IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.15 | -1.29 |
| Martin ratioReturn relative to average drawdown | 2.00 | 5.42 | -3.42 |
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 | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.26 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.51 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.41 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.14 | +0.04 |
Drawdowns
CQQQ vs. IS0E.DE - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, roughly equal to the maximum IS0E.DE drawdown of -75.35%. Use the drawdown chart below to compare losses from any high point for CQQQ and IS0E.DE.
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Drawdown Indicators
| CQQQ | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -75.35% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -28.77% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -28.77% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -66.96% | -45.16% | -21.80% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | -51.30% | -22.69% |
Current DrawdownCurrent decline from peak | -51.77% | -24.28% | -27.49% |
Average DrawdownAverage peak-to-trough decline | -28.31% | -40.13% | +11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.48% | 11.42% | -0.94% |
Volatility
CQQQ vs. IS0E.DE - Volatility Comparison
The current volatility for Invesco China Technology ETF (CQQQ) is 11.83%, while iShares Gold Producers UCITS ETF (IS0E.DE) has a volatility of 13.44%. This indicates that CQQQ experiences smaller price fluctuations and is considered to be less risky than IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 13.44% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 34.90% | -12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.22% | 49.04% | -18.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.08% | 36.08% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.34% | 34.40% | -1.06% |
CQQQ vs. IS0E.DE - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is higher than IS0E.DE's 0.55% expense ratio.
Dividends
CQQQ vs. IS0E.DE - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 2.23%, while IS0E.DE has not paid dividends to shareholders.
| 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% |
IS0E.DE iShares Gold Producers UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CQQQ and IS0E.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0E.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0E.DE is cheaper with a 0.55% expense ratio, compared with 0.70% for CQQQ.
CQQQ is categorized as China Equities, while IS0E.DE is Precious Metals. CQQQ tracks FTSE China Incl A 25% Technology Capped Index, while IS0E.DE tracks S&P Commodity Producers Gold. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.70% for CQQQ and 0.55% for IS0E.DE.
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