CQQQ vs. XSD
Compare and contrast key facts about Invesco China Technology ETF (CQQQ) and SPDR S&P Semiconductor ETF (XSD).
CQQQ and XSD 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. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 2006. Both CQQQ and XSD 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 XSD.
Key characteristics
| CQQQ | XSD | |
|---|---|---|
| YTD Return | 19.78% | 5.56% |
| 1Y Return | 18.00% | 31.55% |
| 3Y Return (Ann) | -14.09% | 0.01% |
| 5Y Return (Ann) | -3.00% | 19.67% |
| 10Y Return (Ann) | 2.27% | 21.40% |
| Sharpe Ratio | 0.54 | 0.90 |
| Sortino Ratio | 1.08 | 1.37 |
| Omega Ratio | 1.13 | 1.17 |
| Calmar Ratio | 0.27 | 1.08 |
| Martin Ratio | 1.50 | 3.25 |
| Ulcer Index | 13.46% | 9.41% |
| Daily Std Dev | 37.45% | 34.16% |
| Max Drawdown | -73.99% | -64.56% |
| Current Drawdown | -59.92% | -13.47% |
Correlation
The correlation between CQQQ and XSD is 0.56, 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. XSD - Performance Comparison
In the year-to-date period, CQQQ achieves a 19.78% return, which is significantly higher than XSD's 5.56% return. Over the past 10 years, CQQQ has underperformed XSD with an annualized return of 2.27%, while XSD has yielded a comparatively higher 21.40% 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. XSD - Expense Ratio Comparison
CQQQ has a 0.70% expense ratio, which is higher than XSD's 0.35% expense ratio.
Risk-Adjusted Performance
CQQQ vs. XSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco China Technology ETF (CQQQ) and SPDR S&P Semiconductor ETF (XSD). 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. XSD - Dividend Comparison
CQQQ's dividend yield for the trailing twelve months is around 0.46%, more than XSD's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 0.46% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% | 0.79% |
XSD SPDR S&P Semiconductor ETF | 0.24% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% | 0.46% | 0.52% |
Drawdowns
CQQQ vs. XSD - Drawdown Comparison
The maximum CQQQ drawdown since its inception was -73.99%, which is greater than XSD's maximum drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for CQQQ and XSD. For additional features, visit the drawdowns tool.
Volatility
CQQQ vs. XSD - Volatility Comparison
Invesco China Technology ETF (CQQQ) has a higher volatility of 16.80% compared to SPDR S&P Semiconductor ETF (XSD) at 9.03%. This indicates that CQQQ's price experiences larger fluctuations and is considered to be riskier than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.