ECNS vs. CQQQ
Compare and contrast key facts about iShares MSCI China Small-Cap ETF (ECNS) and Invesco China Technology ETF (CQQQ).
ECNS and CQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECNS is a passively managed fund by iShares that tracks the performance of the MSCI China Small Cap Index. It was launched on Sep 28, 2010. 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. Both ECNS and CQQQ 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: ECNS or CQQQ.
Correlation
The correlation between ECNS and CQQQ is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ECNS vs. CQQQ - Performance Comparison
Key characteristics
ECNS:
0.16
CQQQ:
0.42
ECNS:
0.50
CQQQ:
0.93
ECNS:
1.06
CQQQ:
1.11
ECNS:
0.09
CQQQ:
0.22
ECNS:
0.42
CQQQ:
1.32
ECNS:
13.68%
CQQQ:
12.56%
ECNS:
35.02%
CQQQ:
39.81%
ECNS:
-63.43%
CQQQ:
-73.99%
ECNS:
-55.64%
CQQQ:
-64.26%
Returns By Period
In the year-to-date period, ECNS achieves a -5.91% return, which is significantly lower than CQQQ's -2.77% return. Over the past 10 years, ECNS has underperformed CQQQ with an annualized return of -1.97%, while CQQQ has yielded a comparatively higher 1.76% annualized return.
ECNS
-5.91%
-6.79%
4.57%
6.55%
-6.96%
-1.97%
CQQQ
-2.77%
-4.06%
12.66%
19.83%
-7.84%
1.76%
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ECNS vs. CQQQ - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
ECNS vs. CQQQ — Risk-Adjusted Performance Rank
ECNS
CQQQ
ECNS vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and Invesco China Technology ETF (CQQQ). 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
ECNS vs. CQQQ - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 6.35%, more than CQQQ's 0.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.35% | 5.98% | 4.90% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.30% | 3.58% | 2.51% |
CQQQ Invesco China Technology ETF | 0.29% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% |
Drawdowns
ECNS vs. CQQQ - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for ECNS and CQQQ. For additional features, visit the drawdowns tool.
Volatility
ECNS vs. CQQQ - Volatility Comparison
The current volatility for iShares MSCI China Small-Cap ETF (ECNS) is 5.45%, while Invesco China Technology ETF (CQQQ) has a volatility of 7.24%. This indicates that ECNS experiences smaller price fluctuations and is considered to be less risky than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.