MCHFX vs. CQQQ
Compare and contrast key facts about Matthews China Fund (MCHFX) and Invesco China Technology ETF (CQQQ).
MCHFX is managed by Matthews Asia Funds. It was launched on Feb 18, 1998. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MCHFX or CQQQ.
Correlation
The correlation between MCHFX and CQQQ is 0.84, 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
MCHFX vs. CQQQ - Performance Comparison
Key characteristics
MCHFX:
1.35
CQQQ:
1.59
MCHFX:
2.10
CQQQ:
2.37
MCHFX:
1.27
CQQQ:
1.29
MCHFX:
0.59
CQQQ:
0.86
MCHFX:
3.05
CQQQ:
4.59
MCHFX:
14.11%
CQQQ:
13.47%
MCHFX:
31.97%
CQQQ:
38.91%
MCHFX:
-74.87%
CQQQ:
-73.99%
MCHFX:
-61.54%
CQQQ:
-53.85%
Returns By Period
In the year-to-date period, MCHFX achieves a 13.54% return, which is significantly lower than CQQQ's 25.57% return. Over the past 10 years, MCHFX has underperformed CQQQ with an annualized return of -2.82%, while CQQQ has yielded a comparatively higher 3.86% annualized return.
MCHFX
13.54%
14.74%
35.08%
38.08%
-4.16%
-2.82%
CQQQ
25.57%
24.81%
52.71%
56.66%
-2.71%
3.86%
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MCHFX vs. CQQQ - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is higher than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
MCHFX vs. CQQQ — Risk-Adjusted Performance Rank
MCHFX
CQQQ
MCHFX vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) 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
MCHFX vs. CQQQ - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.68%, more than CQQQ's 0.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.68% | 1.91% | 0.78% | 0.00% | 0.24% | 0.22% | 1.12% | 2.00% | 1.67% | 1.67% | 1.17% | 1.24% |
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
MCHFX vs. CQQQ - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -74.87%, roughly equal to the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for MCHFX and CQQQ. For additional features, visit the drawdowns tool.
Volatility
MCHFX vs. CQQQ - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 6.18%, while Invesco China Technology ETF (CQQQ) has a volatility of 7.78%. This indicates that MCHFX 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.