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KURE vs. CQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

KURE vs. CQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI All China Health Care Index ETF (KURE) 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, KURE achieves a -10.68% return, which is significantly lower than CQQQ's 2.46% return.


KURE

1D
-2.87%
1M
-12.23%
YTD
-10.68%
6M
-15.54%
1Y
-5.05%
3Y*
-6.04%
5Y*
-16.33%
10Y*

CQQQ

1D
-1.50%
1M
4.43%
YTD
2.46%
6M
5.43%
1Y
32.76%
3Y*
10.55%
5Y*
-7.50%
10Y*
5.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KURE vs. CQQQ - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
KURE
KraneShares MSCI All China Health Care Index ETF
-10.68%24.87%-17.83%-17.70%-25.43%-16.01%68.97%34.30%-30.07%
CQQQ
Invesco China Technology ETF
2.46%34.96%9.84%-16.71%-30.09%-24.54%57.33%33.57%-37.29%

Correlation

The correlation between KURE and CQQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2018

0.66

The correlation between KURE and CQQQ shifts across timeframes, from 0.47 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

KURE vs. CQQQ - Sectors Allocation Comparison


Sectors
KURE
CQQQ

Healthcare

99.3%

-

Consumer Defensive

0.7%

-

Basic Materials

-

0.1%

Communication Services

-

21.9%

Consumer Cyclical

-

13.8%

Energy

-

-

Financial Services

-

0.1%

Industrials

-

1.3%

Real Estate

-

-

Technology

-

58.2%

Utilities

-

-

Healthcare

KURE
99.3%
CQQQ

-

Consumer Defensive

KURE
0.7%
CQQQ

-

Basic Materials

KURE

-

CQQQ
0.1%

Communication Services

KURE

-

CQQQ
21.9%

Consumer Cyclical

KURE

-

CQQQ
13.8%

Energy

KURE

-

CQQQ

-

Financial Services

KURE

-

CQQQ
0.1%

Industrials

KURE

-

CQQQ
1.3%

Real Estate

KURE

-

CQQQ

-

Technology

KURE

-

CQQQ
58.2%

Utilities

KURE

-

CQQQ

-

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Return for Risk

KURE vs. CQQQ — Risk / Return Rank

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

KURE
KURE Risk / Return Rank: 77
Overall Rank
KURE Sharpe Ratio Rank: 77
Sharpe Ratio Rank
KURE Sortino Ratio Rank: 77
Sortino Ratio Rank
KURE Omega Ratio Rank: 77
Omega Ratio Rank
KURE Calmar Ratio Rank: 77
Calmar Ratio Rank
KURE Martin Ratio Rank: 77
Martin Ratio Rank

CQQQ
CQQQ Risk / Return Rank: 2828
Overall Rank
CQQQ Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
CQQQ Sortino Ratio Rank: 3131
Sortino Ratio Rank
CQQQ Omega Ratio Rank: 3030
Omega Ratio Rank
CQQQ Calmar Ratio Rank: 2727
Calmar Ratio Rank
CQQQ Martin Ratio Rank: 2424
Martin Ratio Rank
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.

KURE vs. CQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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.


KURECQQQDifference

Sharpe ratio

Return per unit of total volatility

-0.19

1.11

-1.30

Sortino ratio

Return per unit of downside risk

-0.09

1.68

-1.77

Omega ratio

Gain probability vs. loss probability

0.99

1.20

-0.21

Calmar ratio

Return relative to maximum drawdown

-0.18

1.35

-1.53

Martin ratio

Return relative to average drawdown

-0.39

3.16

-3.55

KURE vs. CQQQ - Sharpe Ratio Comparison

The current KURE Sharpe Ratio is -0.19, which is lower than the CQQQ Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of KURE 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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Sharpe Ratios by Period


KURECQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.19

1.11

-1.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.52

-0.20

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.11

0.19

-0.29

Drawdowns

KURE vs. CQQQ - Drawdown Comparison

The maximum KURE drawdown since its inception was -68.53%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for KURE and CQQQ.


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Drawdown Indicators


KURECQQQDifference

Max Drawdown

Largest peak-to-trough decline

-68.53%

-73.99%

+5.46%

Max Drawdown (1Y)

Largest decline over 1 year

-27.53%

-24.41%

-3.12%

Max Drawdown (3Y)

Largest decline over 3 years

-34.05%

-35.93%

+1.88%

Max Drawdown (5Y)

Largest decline over 5 years

-67.94%

-66.96%

-0.98%

Max Drawdown (10Y)

Largest decline over 10 years

-73.99%

Current Drawdown

Current decline from peak

-61.11%

-49.18%

-11.93%

Average Drawdown

Average peak-to-trough decline

-38.07%

-28.29%

-9.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.13%

10.39%

+2.74%

Volatility

KURE vs. CQQQ - Volatility Comparison

The current volatility for KraneShares MSCI All China Health Care Index ETF (KURE) is 7.23%, while Invesco China Technology ETF (CQQQ) has a volatility of 11.60%. This indicates that KURE 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


KURECQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.23%

11.60%

-4.37%

Volatility (6M)

Calculated over the trailing 6-month period

17.67%

21.88%

-4.21%

Volatility (1Y)

Calculated over the trailing 1-year period

26.49%

29.78%

-3.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.86%

38.02%

-6.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.39%

33.30%

-0.91%

KURE vs. CQQQ - Expense Ratio Comparison

KURE has a 0.65% expense ratio, which is lower than CQQQ's 0.70% expense ratio.


Dividends

KURE vs. CQQQ - Dividend Comparison

KURE's dividend yield for the trailing twelve months is around 4.70%, more than CQQQ's 2.11% yield.


PositionTTM20252024202320222021202020192018201720162015
CQQQ
Invesco China Technology ETF
2.11%2.17%0.28%0.55%0.08%0.00%0.47%0.01%0.43%1.41%1.69%1.77%
KURE
KraneShares MSCI All China Health Care Index ETF
4.70%4.19%1.29%0.65%0.05%14.12%0.00%0.25%0.21%0.00%0.00%0.00%

Frequently Asked Questions


KURE and CQQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CQQQ has higher volatility (11.60%) compared to KURE (7.23%). In terms of maximum drawdown, KURE dropped -68.53% vs CQQQ's -73.99%.

On 5-year performance, CQQQ leads with -7.50% vs -16.33% for KURE. On fees, KURE is cheaper at 0.65% per year. On volatility, KURE has been the lower-risk option at 7.23%. 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 -7.50% return vs -16.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KURE is cheaper with a 0.65% expense ratio, compared with 0.70% for CQQQ.

KURE has the higher dividend yield at 4.70%, compared with 2.11% for CQQQ.

KURE tracks MSCI China All Shares Health Care 10/40 Index, while CQQQ tracks AlphaShares China Technology Index. They also come from different issuers: CICC and Invesco. Their fees differ too: 0.65% for KURE and 0.70% for CQQQ.

CQQQ currently has the higher Sharpe Ratio (1.11 vs -0.19), 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.

Portfolio Optimizer

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