KWEB vs. CQQQ
Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB) and Invesco China Technology ETF (CQQQ).
KWEB and CQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. 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 KWEB 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: KWEB or CQQQ.
Correlation
The correlation between KWEB and CQQQ is 0.90, 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
KWEB vs. CQQQ - Performance Comparison
Key characteristics
KWEB:
1.33
CQQQ:
1.59
KWEB:
2.07
CQQQ:
2.37
KWEB:
1.26
CQQQ:
1.29
KWEB:
0.70
CQQQ:
0.86
KWEB:
3.51
CQQQ:
4.59
KWEB:
14.75%
CQQQ:
13.47%
KWEB:
38.97%
CQQQ:
38.91%
KWEB:
-80.92%
CQQQ:
-73.99%
KWEB:
-60.05%
CQQQ:
-53.85%
Returns By Period
The year-to-date returns for both investments are quite close, with KWEB having a 25.34% return and CQQQ slightly higher at 25.57%. Over the past 10 years, KWEB has underperformed CQQQ with an annualized return of 2.82%, while CQQQ has yielded a comparatively higher 3.86% annualized return.
KWEB
25.34%
24.66%
43.70%
47.22%
-4.13%
2.82%
CQQQ
25.57%
24.81%
52.71%
56.66%
-2.71%
3.86%
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KWEB vs. CQQQ - Expense Ratio Comparison
KWEB has a 0.76% expense ratio, which is higher than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
KWEB vs. CQQQ — Risk-Adjusted Performance Rank
KWEB
CQQQ
KWEB vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) 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
KWEB vs. CQQQ - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 2.80%, more than CQQQ's 0.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 2.80% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% |
CQQQ Invesco China Technology ETF | 0.22% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% |
Drawdowns
KWEB vs. CQQQ - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, which is greater than CQQQ's maximum drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for KWEB and CQQQ. For additional features, visit the drawdowns tool.
Volatility
KWEB vs. CQQQ - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 10.42% compared to Invesco China Technology ETF (CQQQ) at 7.78%. This indicates that KWEB's price experiences larger fluctuations and is considered to be riskier than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.