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CQQQ vs. MCHI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CQQQ and MCHI 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.


-0.50.00.51.0
Correlation: 0.6

Performance

CQQQ vs. MCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco China Technology ETF (CQQQ) and iShares MSCI China ETF (MCHI). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%NovemberDecember2025FebruaryMarchApril
58.17%
33.01%
CQQQ
MCHI

Key characteristics

Sharpe Ratio

CQQQ:

0.78

MCHI:

0.93

Sortino Ratio

CQQQ:

1.40

MCHI:

1.48

Omega Ratio

CQQQ:

1.17

MCHI:

1.20

Calmar Ratio

CQQQ:

0.46

MCHI:

0.58

Martin Ratio

CQQQ:

2.27

MCHI:

2.42

Ulcer Index

CQQQ:

14.50%

MCHI:

13.35%

Daily Std Dev

CQQQ:

42.33%

MCHI:

34.84%

Max Drawdown

CQQQ:

-73.99%

MCHI:

-62.84%

Current Drawdown

CQQQ:

-61.17%

MCHI:

-41.67%

Returns By Period

In the year-to-date period, CQQQ achieves a 5.66% return, which is significantly lower than MCHI's 10.90% return. Over the past 10 years, CQQQ has outperformed MCHI with an annualized return of -0.12%, while MCHI has yielded a comparatively lower -0.29% annualized return.


CQQQ

YTD

5.66%

1M

-7.86%

6M

3.20%

1Y

27.09%

5Y*

-3.72%

10Y*

-0.12%

MCHI

YTD

10.90%

1M

-5.51%

6M

6.52%

1Y

28.68%

5Y*

-0.79%

10Y*

-0.29%

*Annualized

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CQQQ vs. MCHI - Expense Ratio Comparison

CQQQ has a 0.70% expense ratio, which is higher than MCHI's 0.59% expense ratio.


Expense ratio chart for CQQQ: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CQQQ: 0.70%
Expense ratio chart for MCHI: current value is 0.59%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MCHI: 0.59%

Risk-Adjusted Performance

CQQQ vs. MCHI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CQQQ
The Risk-Adjusted Performance Rank of CQQQ is 7171
Overall Rank
The Sharpe Ratio Rank of CQQQ is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of CQQQ is 7979
Sortino Ratio Rank
The Omega Ratio Rank of CQQQ is 7575
Omega Ratio Rank
The Calmar Ratio Rank of CQQQ is 6161
Calmar Ratio Rank
The Martin Ratio Rank of CQQQ is 6565
Martin Ratio Rank

MCHI
The Risk-Adjusted Performance Rank of MCHI is 7676
Overall Rank
The Sharpe Ratio Rank of MCHI is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of MCHI is 8181
Sortino Ratio Rank
The Omega Ratio Rank of MCHI is 8181
Omega Ratio Rank
The Calmar Ratio Rank of MCHI is 6969
Calmar Ratio Rank
The Martin Ratio Rank of MCHI is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CQQQ vs. MCHI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and iShares MSCI China ETF (MCHI). 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.


The chart of Sharpe ratio for CQQQ, currently valued at 0.78, compared to the broader market-1.000.001.002.003.004.00
CQQQ: 0.78
MCHI: 0.93
The chart of Sortino ratio for CQQQ, currently valued at 1.40, compared to the broader market-2.000.002.004.006.008.00
CQQQ: 1.40
MCHI: 1.48
The chart of Omega ratio for CQQQ, currently valued at 1.17, compared to the broader market0.501.001.502.002.50
CQQQ: 1.17
MCHI: 1.20
The chart of Calmar ratio for CQQQ, currently valued at 0.46, compared to the broader market0.002.004.006.008.0010.0012.00
CQQQ: 0.46
MCHI: 0.58
The chart of Martin ratio for CQQQ, currently valued at 2.27, compared to the broader market0.0020.0040.0060.00
CQQQ: 2.27
MCHI: 2.42

The current CQQQ Sharpe Ratio is 0.78, which is comparable to the MCHI Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of CQQQ and MCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50NovemberDecember2025FebruaryMarchApril
0.78
0.93
CQQQ
MCHI

Dividends

CQQQ vs. MCHI - Dividend Comparison

CQQQ's dividend yield for the trailing twelve months is around 0.27%, less than MCHI's 2.08% yield.


TTM20242023202220212020201920182017201620152014
CQQQ
Invesco China Technology ETF
0.27%0.28%0.55%0.08%0.00%0.47%0.01%0.43%1.42%1.69%1.77%1.00%
MCHI
iShares MSCI China ETF
2.08%2.31%3.49%2.15%1.04%1.04%1.45%1.60%1.56%1.66%2.76%2.35%

Drawdowns

CQQQ vs. MCHI - Drawdown Comparison

The maximum CQQQ drawdown since its inception was -73.99%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for CQQQ and MCHI. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%NovemberDecember2025FebruaryMarchApril
-61.17%
-41.67%
CQQQ
MCHI

Volatility

CQQQ vs. MCHI - Volatility Comparison

Invesco China Technology ETF (CQQQ) has a higher volatility of 16.89% compared to iShares MSCI China ETF (MCHI) at 14.44%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
16.89%
14.44%
CQQQ
MCHI