CYD vs. QQQ
CYD (China Yuchai International Limited) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, CYD returned 21.31%/yr vs 22.07%/yr for QQQ. At a 0.28 correlation, their price movements are largely independent.
Performance
CYD vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CYD achieves a 38.73% return, which is significantly higher than QQQ's 16.45% return. Both investments have delivered pretty close results over the past 10 years, with CYD having a 21.31% annualized return and QQQ not far ahead at 22.07%.
CYD
- 1D
- 0.82%
- 1M
- -14.12%
- YTD
- 38.73%
- 6M
- 37.61%
- 1Y
- 132.89%
- 3Y*
- 74.99%
- 5Y*
- 26.15%
- 10Y*
- 21.31%
QQQ
- 1D
- -3.29%
- 1M
- -0.43%
- YTD
- 16.45%
- 6M
- 14.99%
- 1Y
- 34.88%
- 3Y*
- 26.05%
- 5Y*
- 16.01%
- 10Y*
- 22.07%
CYD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYD China Yuchai International Limited | 38.73% | 281.18% | 17.72% | 21.67% | -50.38% | 0.21% | 29.89% | 13.35% | -46.44% | 82.82% |
QQQ Invesco QQQ ETF | 16.45% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between CYD and QQQ is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.28 |
The correlation between CYD and QQQ shifts across timeframes, from 0.17 (3 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CYD vs. QQQ — Risk / Return Rank
CYD
QQQ
CYD vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for China Yuchai International Limited (CYD) and Invesco QQQ ETF (QQQ). 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.
| CYD | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.93 | +0.98 |
| Martin ratioReturn relative to average drawdown | 9.43 | 10.86 | -1.44 |
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Drawdowns
CYD vs. QQQ - Drawdown Comparison
The maximum CYD drawdown since its inception was -97.74%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CYD and QQQ.
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Drawdown Indicators
| CYD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.74% | -82.97% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -34.21% | -11.96% | -22.25% |
Max Drawdown (3Y)Largest decline over 3 years | -44.46% | -22.77% | -21.69% |
Max Drawdown (5Y)Largest decline over 5 years | -58.32% | -35.12% | -23.20% |
Max Drawdown (10Y)Largest decline over 10 years | -68.53% | -35.12% | -33.41% |
Current DrawdownCurrent decline from peak | -17.52% | -4.25% | -13.27% |
Average DrawdownAverage peak-to-trough decline | -52.97% | -32.73% | -20.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.15% | 3.22% | +10.93% |
Volatility
CYD vs. QQQ - Volatility Comparison
China Yuchai International Limited (CYD) has a higher volatility of 17.10% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that CYD's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.10% | 9.17% | +7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 40.42% | 14.57% | +25.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.85% | 17.96% | +36.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.00% | 22.69% | +27.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.69% | 22.42% | +22.27% |
Dividends
CYD vs. QQQ - Dividend Comparison
CYD's dividend yield for the trailing twelve months is around 1.08%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYD China Yuchai International Limited | 1.08% | 1.49% | 3.99% | 3.34% | 5.65% | 11.39% | 5.20% | 6.38% | 5.87% | 3.75% | 6.15% | 10.22% |
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
CYD and QQQ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CYD has higher volatility (17.10%) compared to QQQ (9.17%). In terms of maximum drawdown, CYD dropped -97.74% vs QQQ's -82.97%.
CYD currently has the higher Sharpe Ratio (2.44 vs 1.95), 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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