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KTEC vs. CQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KTEC vs. CQQQ

Last updated Aug 2, 2026
Documentation

KTEC (KraneShares Hang Seng TECH Index ETF) and CQQQ (Invesco China Technology ETF) are both China Equities funds - KTEC tracks the Hang Seng Tech Index while CQQQ tracks the FTSE China Incl A 25% Technology Capped Index. Both are passively managed. Over the past 5 years, KTEC returned -7.23%/yr vs -6.40%/yr for CQQQ. Their correlation of 0.90 means they have usually moved in the same direction. KTEC charges 0.69%/yr vs 0.70%/yr for CQQQ.

Performance

KTEC vs. CQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Hang Seng TECH Index ETF (KTEC) and Invesco China Technology ETF (CQQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KTEC achieves a -12.58% return, which is significantly lower than CQQQ's -3.27% return.

KTEC

1D
0.81%
1M
10.40%
6M
-14.54%
YTD
-12.58%
1Y
-11.77%
3Y*
0.64%
5Y*
-7.23%
10Y*
—
ALL TIME*
-10.38%

CQQQ

1D
1.31%
1M
-6.83%
6M
-9.86%
YTD
-3.27%
1Y
11.64%
3Y*
6.42%
5Y*
-6.40%
10Y*
4.48%
ALL TIME*
5.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CQQQ

Invesco China Technology ETF
$60.75M$69.64M$78.22M

KTEC

KraneShares Hang Seng TECH Index ETF
$941.66K$1.10M$1.04M

KTEC vs. CQQQ - Yearly Performance Comparison

2026 (YTD)20252024202320222021
KTEC
KraneShares Hang Seng TECH Index ETF		-12.58%21.01%16.13%-10.41%-26.12%-29.98%
CQQQ
Invesco China Technology ETF		-3.27%34.96%9.84%-16.71%-30.09%-22.52%

Correlation

The correlation between KTEC and CQQQ is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.80

Correlation (3Y)
Balances recent behavior with more history.

0.87

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.90

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2021

0.90

The correlation between KTEC and CQQQ shifts across timeframes, from 0.80 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

KTEC vs. CQQQ - Sectors Allocation Comparison

Sectors
KTEC
CQQQ

Consumer Cyclical

43.0%
16.5%

Communication Services

30.4%
24.7%

Technology

24.7%
57.0%

Industrials

8.6%
1.2%

Healthcare

1.9%

-

Basic Materials

-

0.1%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.5%

Real Estate

-

-

Utilities

-

-

Consumer Cyclical

KTEC
43.0%
CQQQ
16.5%

Communication Services

KTEC
30.4%
CQQQ
24.7%

Technology

KTEC
24.7%
CQQQ
57.0%

Industrials

KTEC
8.6%
CQQQ
1.2%

Healthcare

KTEC
1.9%
CQQQ

-

Basic Materials

KTEC

-

CQQQ
0.1%

Consumer Defensive

KTEC

-

CQQQ

-

Energy

KTEC

-

CQQQ

-

Financial Services

KTEC

-

CQQQ
0.5%

Real Estate

KTEC

-

CQQQ

-

Utilities

KTEC

-

CQQQ

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares Hang Seng TECH Index ETF

Invesco China Technology ETF

Often compared with KTEC:
KTEC vs. KWEBKTEC vs. MCHIKTEC vs. ^HSIKTEC vs. TCHIKTEC vs. HSTE.LKTEC vs. FDVKTEC vs. WEX
Often compared with CQQQ:
CQQQ vs. KWEBCQQQ vs. MCHICQQQ vs. FXICQQQ vs. TCHICQQQ vs. VOOCQQQ vs. PGJCQQQ vs. CWEB

Return for Risk

KTEC vs. CQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KTEC
KTEC Risk / Return Rank: 66
Overall Rank
KTEC Sharpe Ratio Rank: 55
Sharpe Ratio Rank
KTEC Sortino Ratio Rank: 55
Sortino Ratio Rank
KTEC Omega Ratio Rank: 55
Omega Ratio Rank
KTEC Calmar Ratio Rank: 66
Calmar Ratio Rank
KTEC Martin Ratio Rank: 66
Martin Ratio Rank
CQQQ
CQQQ Risk / Return Rank: 1818
Overall Rank
CQQQ Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
CQQQ Sortino Ratio Rank: 1919
Sortino Ratio Rank
CQQQ Omega Ratio Rank: 1919
Omega Ratio Rank
CQQQ Calmar Ratio Rank: 1818
Calmar Ratio Rank
CQQQ Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KTEC vs. CQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) 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.

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.

KTECCQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.49
0.30

-0.79

Sortino ratioReturn per unit of downside risk
-0.54
0.66

-1.20

Omega ratioGain probability vs. loss probability

0.94

1.08

-0.14

Calmar ratioReturn relative to maximum drawdown

-0.38

0.41

-0.78

Martin ratioReturn relative to average drawdown

-0.67

0.88

-1.54

KTEC vs. CQQQ - Sharpe Ratio Comparison

The current KTEC Sharpe Ratio is -0.49, which is lower than the CQQQ Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of KTEC and CQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KTEC vs. CQQQ - Drawdown Comparison

The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for KTEC and CQQQ.

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Drawdown Indicators

KTECCQQQDifference

Max Drawdown

Largest peak-to-trough decline

-66.90%

-73.99%

+7.09%

Max Drawdown (1Y)

Largest decline over 1 year

-36.49%

-24.41%

-12.08%

Max Drawdown (3Y)

Largest decline over 3 years

-36.49%

-34.42%

-2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-60.08%

-62.09%

+2.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-73.99%

—

Current Drawdown

Current decline from peak

-44.83%

-52.02%

+7.19%

Average Drawdown

Average peak-to-trough decline

-44.05%

-28.49%

-15.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.47%

11.28%

+9.19%

Volatility

KTEC vs. CQQQ - Volatility Comparison

The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 7.27%, while Invesco China Technology ETF (CQQQ) has a volatility of 12.09%. This indicates that KTEC 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.

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Volatility by Period

KTECCQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.27%

12.09%

-4.82%

Volatility (6M)

Calculated over the trailing 6-month period

20.32%

24.80%

-4.48%

Volatility (1Y)

Calculated over the trailing 1-year period

28.20%

32.54%

-4.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.63%

38.19%

+4.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.75%

33.56%

+9.19%

KTEC vs. CQQQ - Expense Ratio Comparison

KTEC has a 0.69% expense ratio, which is lower than CQQQ's 0.70% expense ratio.

Dividends

KTEC vs. CQQQ - Dividend Comparison

KTEC's dividend yield for the trailing twelve months is around 3.84%, more than CQQQ's 2.24% yield.

PositionTTM20252024202320222021202020192018201720162015
CQQQ
Invesco China Technology ETF		2.24%2.17%0.28%0.55%0.08%0.00%0.47%0.01%0.43%1.41%1.69%1.77%
KTEC
KraneShares Hang Seng TECH Index ETF		3.84%3.36%0.27%0.81%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KTEC and CQQQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CQQQ has higher volatility (12.09%) compared to KTEC (7.27%). In terms of maximum drawdown, KTEC dropped -66.90% vs CQQQ's -73.99%.

On 5-year performance, CQQQ leads with -6.40% vs -7.23% for KTEC. On fees, KTEC is cheaper at 0.69% per year. On volatility, KTEC has been the lower-risk option at 7.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, CQQQ has performed better with a -6.40% return vs -7.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KTEC is cheaper with a 0.69% expense ratio, compared with 0.70% for CQQQ.

KTEC has the higher dividend yield at 3.84%, compared with 2.24% for CQQQ.

KTEC tracks Hang Seng Tech Index, while CQQQ tracks FTSE China Incl A 25% Technology Capped Index. They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.69% for KTEC and 0.70% for CQQQ.

CQQQ currently has the higher Sharpe Ratio (0.30 vs -0.49), 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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