CQQQ vs. ISVBF
CQQQ (Invesco China Technology ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - CQQQ tracks the FTSE China Incl A 25% Technology Capped Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, CQQQ returned -7.83%/yr vs -6.16%/yr for ISVBF. At a 0.30 correlation, their price movements are largely independent. CQQQ charges 0.70%/yr vs 0.40%/yr for ISVBF.
Performance
CQQQ vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, CQQQ achieves a 2.98% return, which is significantly higher than ISVBF's -12.61% return.
CQQQ
- 1D
- -2.80%
- 1M
- 1.48%
- YTD
- 2.98%
- 6M
- 3.86%
- 1Y
- 28.75%
- 3Y*
- 11.40%
- 5Y*
- -7.83%
- 10Y*
- 5.85%
ISVBF
- 1D
- -1.91%
- 1M
- -3.63%
- YTD
- -12.61%
- 6M
- -13.33%
- 1Y
- -0.84%
- 3Y*
- 8.82%
- 5Y*
- -6.16%
- 10Y*
- —
CQQQ vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.98% | 34.96% | 9.84% | -16.71% | -30.09% | -22.64% |
ISVBF iShares MSCI China A UCITS ETF | -12.61% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between CQQQ and ISVBF is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.30 |
Over the past year, CQQQ and ISVBF have become more correlated (0.54) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
CQQQ vs. ISVBF — Risk / Return Rank
CQQQ
ISVBF
CQQQ vs. ISVBF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and iShares MSCI China A UCITS ETF (ISVBF). 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 | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.04 | +1.22 |
| Martin ratioReturn relative to average drawdown | 2.70 | -0.09 | +2.79 |
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Drawdowns
CQQQ vs. ISVBF - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for CQQQ and ISVBF.
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Drawdown Indicators
| CQQQ | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -53.78% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -20.64% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -23.77% | -12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -66.96% | -52.51% | -14.45% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | — | — |
Current DrawdownCurrent decline from peak | -48.92% | -29.16% | -19.76% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -32.68% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 9.17% | +1.51% |
Volatility
CQQQ vs. ISVBF - Volatility Comparison
Invesco China Technology ETF (CQQQ) has a higher volatility of 10.74% compared to iShares MSCI China A UCITS ETF (ISVBF) at 8.35%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQQQ | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.74% | 8.35% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 23.33% | 27.04% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 30.91% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.16% | 30.31% | +7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.38% | 30.15% | +3.23% |
CQQQ vs. ISVBF - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
CQQQ vs. ISVBF - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 2.10%, while ISVBF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.10% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
ISVBF iShares MSCI China A 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 ISVBF have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CQQQ has higher volatility (10.74%) compared to ISVBF (8.35%). In terms of maximum drawdown, CQQQ dropped -73.99% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -6.16% vs -7.83% for CQQQ. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 8.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -6.16% return vs -7.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.70% for CQQQ.
CQQQ has the higher dividend yield at 2.10%, compared with 0.00% for ISVBF.
CQQQ tracks FTSE China Incl A 25% Technology Capped Index, while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.70% for CQQQ and 0.40% for ISVBF.
CQQQ currently has the higher Sharpe Ratio (0.94 vs -0.03), 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.
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