KTEC vs. QQQ

Last updated Jul 17, 2026

KTEC (KraneShares Hang Seng TECH Index ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - KTEC is a China Equities fund tracking the Hang Seng Tech Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, KTEC returned -9.80%/yr vs 15.26%/yr for QQQ. At a 0.39 correlation, their price movements are largely independent. KTEC charges 0.69%/yr vs 0.18%/yr for QQQ.

Performance

KTEC vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, KTEC achieves a -14.33% return, which is significantly lower than QQQ's 15.19% return.

KTEC

• 1D: 1.63%
• 1M: 3.57%
• 6M: -19.96%
• YTD: -14.33%
• 1Y: -16.00%
• 3Y*: 3.03%
• 5Y*: -9.80%
• 10Y*: —

QQQ

• 1D: -1.64%
• 1M: -3.17%
• 6M: 13.80%
• YTD: 15.19%
• 1Y: 27.28%
• 3Y*: 23.36%
• 5Y*: 15.26%
• 10Y*: 21.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KTEC vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KTEC KraneShares Hang Seng TECH Index ETF	-14.33%	21.01%	16.13%	-10.41%	-26.12%	-29.98%
QQQ Invesco QQQ ETF	15.19%	20.77%	25.58%	54.86%	-32.58%	18.56%

Correlation

The correlation between KTEC and QQQ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021	0.39

The correlation between KTEC and QQQ shifts across timeframes, from 0.36 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

KTEC vs. QQQ - Sectors Allocation Comparison

Sectors	KTEC	QQQ
Consumer Cyclical	35.3%	11.4%
Technology	35.3%	58.7%
Communication Services	18.0%	14.3%
Industrials	8.3%	2.6%
Healthcare	1.9%	3.7%
Basic Materials	-	1.0%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Financial Services	-	0.2%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

KTEC vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KTEC

KTEC Risk / Return Rank: 5
KTEC Sharpe Ratio Rank: 5
KTEC Sortino Ratio Rank: 5
KTEC Omega Ratio Rank: 5
KTEC Calmar Ratio Rank: 6
KTEC Martin Ratio Rank: 5

QQQ

QQQ Risk / Return Rank: 53
QQQ Sharpe Ratio Rank: 53
QQQ Sortino Ratio Rank: 49
QQQ Omega Ratio Rank: 50
QQQ Calmar Ratio Rank: 57
QQQ Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KTEC vs. QQQ - Risk-Adjusted Trends Comparison

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

	KTEC	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.47	-2.04
Sortino ratio: Return per unit of downside risk	-0.69	2.00	-2.69
Omega ratio: Gain probability vs. loss probability	0.92	1.26	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.44	2.29	-2.73
Martin ratio: Return relative to average drawdown	-0.82	8.13	-8.95

KTEC vs. QQQ - Sharpe Ratio Comparison

The current KTEC Sharpe Ratio is -0.58, which is lower than the QQQ Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of KTEC and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KTEC vs. QQQ - Drawdown Comparison

The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for KTEC and QQQ.

Drawdown Indicators

	KTEC	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-66.90%	-82.97%	+16.07%
Max Drawdown (1Y) Largest decline over 1 year	-36.49%	-11.96%	-24.53%
Max Drawdown (3Y) Largest decline over 3 years	-36.49%	-22.77%	-13.72%
Max Drawdown (5Y) Largest decline over 5 years	-63.45%	-35.12%	-28.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-45.94%	-5.29%	-40.65%
Average Drawdown Average peak-to-trough decline	-44.03%	-32.66%	-11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.54%	3.36%	+16.18%

Volatility

KTEC vs. QQQ - Volatility Comparison

KraneShares Hang Seng TECH Index ETF (KTEC) and Invesco QQQ ETF (QQQ) have volatilities of 7.19% and 7.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KTEC	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	7.53%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	19.89%	15.52%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	27.89%	18.69%	+9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.15%	22.81%	+20.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.86%	22.44%	+20.42%

KTEC vs. QQQ - Expense Ratio Comparison

KTEC has a 0.69% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

KTEC vs. QQQ - Dividend Comparison

KTEC's dividend yield for the trailing twelve months is around 3.92%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KTEC KraneShares Hang Seng TECH Index ETF	3.92%	3.36%	0.27%	0.81%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both KTEC and QQQ in my portfolio?

KTEC and QQQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KTEC or QQQ?

QQQ has higher volatility (7.53%) compared to KTEC (7.19%). In terms of maximum drawdown, KTEC dropped -66.90% vs QQQ's -82.97%.

Which ETF is better, KTEC or QQQ?

On 5-year performance, QQQ leads with 15.26% vs -9.80% for KTEC. On fees, QQQ is cheaper at 0.18% per year. On volatility, KTEC has been the lower-risk option at 7.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KTEC or QQQ?

Over the 5-year period, QQQ has performed better with a 15.26% return vs -9.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KTEC or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.69% for KTEC.

Which ETF pays a higher dividend yield, KTEC or QQQ?

KTEC has the higher dividend yield at 3.92%, compared with 0.43% for QQQ.

What is the main difference between KTEC and QQQ?

KTEC is categorized as China Equities, while QQQ is Nasdaq-100. KTEC tracks Hang Seng Tech Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.69% for KTEC and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.47 vs -0.58), 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.