CQQQ vs. TECH
CQQQ (Invesco China Technology ETF) is China Equities fund tracking the AlphaShares China Technology Index, while TECH (Bio-Techne Corporation) is a stock. Over the past 10 years, CQQQ returned 5.40%/yr vs 6.94%/yr for TECH. At a 0.35 correlation, their price movements are largely independent.
Performance
CQQQ vs. TECH - Performance Comparison
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Returns By Period
In the year-to-date period, CQQQ achieves a 2.46% return, which is significantly higher than TECH's -13.26% return. Over the past 10 years, CQQQ has underperformed TECH with an annualized return of 5.40%, while TECH has yielded a comparatively higher 6.94% annualized return.
CQQQ
- 1D
- -1.50%
- 1M
- 4.43%
- YTD
- 2.46%
- 6M
- 5.43%
- 1Y
- 32.76%
- 3Y*
- 10.55%
- 5Y*
- -7.50%
- 10Y*
- 5.40%
TECH
- 1D
- 2.17%
- 1M
- -6.93%
- YTD
- -13.26%
- 6M
- -20.07%
- 1Y
- 4.87%
- 3Y*
- -14.59%
- 5Y*
- -13.27%
- 10Y*
- 6.94%
CQQQ vs. TECH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.46% | 34.96% | 9.84% | -16.71% | -30.09% | -24.54% | 57.33% | 33.57% | -34.77% | 74.31% |
TECH Bio-Techne Corporation | -13.26% | -17.89% | -6.13% | -6.49% | -35.69% | 63.40% | 45.40% | 52.67% | 12.60% | 27.40% |
Correlation
The correlation between CQQQ and TECH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2009 | 0.35 |
The correlation between CQQQ and TECH shifts across timeframes, from 0.17 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CQQQ vs. TECH — Risk / Return Rank
CQQQ
TECH
CQQQ vs. TECH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and Bio-Techne Corporation (TECH). 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 | TECH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.06 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.12 | +1.22 |
| Martin ratioReturn relative to average drawdown | 3.16 | 0.31 | +2.85 |
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 | TECH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.11 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.35 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.21 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.33 | -0.14 |
Drawdowns
CQQQ vs. TECH - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, roughly equal to the maximum TECH drawdown of -74.39%. Use the drawdown chart below to compare losses from any high point for CQQQ and TECH.
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Drawdown Indicators
| CQQQ | TECH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.99% | -74.39% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -39.25% | +14.84% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -50.85% | +14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -66.96% | -67.18% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -73.99% | -67.18% | -6.81% |
Current DrawdownCurrent decline from peak | -49.18% | -61.38% | +12.20% |
Average DrawdownAverage peak-to-trough decline | -28.29% | -24.11% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.39% | 15.60% | -5.21% |
Volatility
CQQQ vs. TECH - Volatility Comparison
The current volatility for Invesco China Technology ETF (CQQQ) is 11.60%, while Bio-Techne Corporation (TECH) has a volatility of 23.41%. This indicates that CQQQ experiences smaller price fluctuations and is considered to be less risky than TECH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQQQ | TECH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 23.41% | -11.81% |
Volatility (6M)Calculated over the trailing 6-month period | 21.88% | 35.57% | -13.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.78% | 45.51% | -15.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.02% | 38.59% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 33.88% | -0.58% |
Dividends
CQQQ vs. TECH - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 2.11%, more than TECH's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.11% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
TECH Bio-Techne Corporation | 0.63% | 0.54% | 0.56% | 0.41% | 0.39% | 0.25% | 0.40% | 0.58% | 0.88% | 0.99% | 1.24% | 1.42% |
Frequently Asked Questions
CQQQ and TECH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECH has higher volatility (23.41%) compared to CQQQ (11.60%). In terms of maximum drawdown, CQQQ dropped -73.99% vs TECH's -74.39%.
CQQQ currently has the higher Sharpe Ratio (1.11 vs 0.11), 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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