CQQQ vs. VGK
Compare and contrast key facts about Invesco China Technology ETF (CQQQ) and Vanguard FTSE Europe ETF (VGK).
CQQQ and VGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CQQQ is a passively managed fund by Invesco that tracks the performance of the AlphaShares China Technology Index. It was launched on Dec 8, 2009. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. Both CQQQ and VGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CQQQ or VGK.
Key characteristics
| CQQQ | VGK | |
|---|---|---|
| YTD Return | 1.42% | 2.21% |
| 1Y Return | -10.02% | 8.20% |
| 3Y Return (Ann) | -23.49% | 3.14% |
| 5Y Return (Ann) | -6.57% | 6.68% |
| 10Y Return (Ann) | 1.79% | 4.10% |
| Sharpe Ratio | -0.32 | 0.52 |
| Daily Std Dev | 31.03% | 13.29% |
| Max Drawdown | -73.99% | -63.61% |
| Current Drawdown | -66.07% | -2.85% |
Correlation
The correlation between CQQQ and VGK is 0.55, 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.
Performance
CQQQ vs. VGK - Performance Comparison
In the year-to-date period, CQQQ achieves a 1.42% return, which is significantly lower than VGK's 2.21% return. Over the past 10 years, CQQQ has underperformed VGK with an annualized return of 1.79%, while VGK has yielded a comparatively higher 4.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CQQQ vs. VGK - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is higher than VGK's 0.08% expense ratio.
Risk-Adjusted Performance
CQQQ vs. VGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and Vanguard FTSE Europe ETF (VGK). 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.
Dividends
CQQQ vs. VGK - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 0.54%, less than VGK's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 0.54% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% | 1.00% | 0.79% |
VGK Vanguard FTSE Europe ETF | 3.34% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
Drawdowns
CQQQ vs. VGK - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, which is greater than VGK's maximum drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for CQQQ and VGK. For additional features, visit the drawdowns tool.
Volatility
CQQQ vs. VGK - Volatility Comparison
Invesco China Technology ETF (CQQQ) has a higher volatility of 11.04% compared to Vanguard FTSE Europe ETF (VGK) at 3.60%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.