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.
Performance
KWEB vs. CQQQ - Performance Comparison
Returns By Period
In the year-to-date period, KWEB achieves a 15.56% return, which is significantly higher than CQQQ's 14.38% return. Over the past 10 years, KWEB has underperformed CQQQ with an annualized return of -0.21%, while CQQQ has yielded a comparatively higher 1.56% annualized return.
KWEB
15.56%
-3.14%
1.46%
13.47%
-5.52%
-0.21%
CQQQ
14.38%
-0.07%
14.22%
10.90%
-3.22%
1.56%
Key characteristics
| KWEB | CQQQ | |
|---|---|---|
| Sharpe Ratio | 0.28 | 0.22 |
| Sortino Ratio | 0.70 | 0.63 |
| Omega Ratio | 1.08 | 1.07 |
| Calmar Ratio | 0.14 | 0.11 |
| Martin Ratio | 0.84 | 0.67 |
| Ulcer Index | 12.66% | 12.62% |
| Daily Std Dev | 38.21% | 38.35% |
| Max Drawdown | -80.92% | -73.99% |
| Current Drawdown | -67.12% | -61.73% |
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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.
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.
Risk-Adjusted Performance
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 1.48%, more than CQQQ's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 1.48% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
CQQQ Invesco China Technology ETF | 0.48% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% | 0.79% |
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) and Invesco China Technology ETF (CQQQ) have volatilities of 11.75% and 11.97%, 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.