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MCHI vs. CQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MCHI and CQQQ is 0.86, 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.


-0.50.00.51.00.9

Performance

MCHI vs. CQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China ETF (MCHI) and Invesco China Technology ETF (CQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
18.73%
51.15%
MCHI
CQQQ

Key characteristics

Sharpe Ratio

MCHI:

0.59

CQQQ:

0.30

Sortino Ratio

MCHI:

1.09

CQQQ:

0.77

Omega Ratio

MCHI:

1.14

CQQQ:

1.09

Calmar Ratio

MCHI:

0.32

CQQQ:

0.16

Martin Ratio

MCHI:

1.80

CQQQ:

0.95

Ulcer Index

MCHI:

10.58%

CQQQ:

12.79%

Daily Std Dev

MCHI:

32.28%

CQQQ:

40.07%

Max Drawdown

MCHI:

-62.84%

CQQQ:

-73.99%

Current Drawdown

MCHI:

-47.94%

CQQQ:

-62.89%

Returns By Period

In the year-to-date period, MCHI achieves a 16.55% return, which is significantly higher than CQQQ's 10.90% return. Over the past 10 years, MCHI has underperformed CQQQ with an annualized return of 1.34%, while CQQQ has yielded a comparatively higher 1.96% annualized return.


MCHI

YTD

16.55%

1M

-1.59%

6M

8.61%

1Y

17.66%

5Y*

-4.25%

10Y*

1.34%

CQQQ

YTD

10.90%

1M

-1.56%

6M

11.90%

1Y

10.75%

5Y*

-5.29%

10Y*

1.96%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MCHI vs. CQQQ - Expense Ratio Comparison

MCHI has a 0.59% expense ratio, which is lower than CQQQ's 0.70% expense ratio.


CQQQ
Invesco China Technology ETF
Expense ratio chart for CQQQ: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for MCHI: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%

Risk-Adjusted Performance

MCHI vs. CQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) 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.


Sharpe ratio
The chart of Sharpe ratio for MCHI, currently valued at 0.59, compared to the broader market0.002.004.000.590.30
The chart of Sortino ratio for MCHI, currently valued at 1.09, compared to the broader market-2.000.002.004.006.008.0010.001.090.77
The chart of Omega ratio for MCHI, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.09
The chart of Calmar ratio for MCHI, currently valued at 0.32, compared to the broader market0.005.0010.0015.000.320.16
The chart of Martin ratio for MCHI, currently valued at 1.80, compared to the broader market0.0020.0040.0060.0080.00100.001.800.95
MCHI
CQQQ

The current MCHI Sharpe Ratio is 0.59, which is higher than the CQQQ Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of MCHI and CQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.59
0.30
MCHI
CQQQ

Dividends

MCHI vs. CQQQ - Dividend Comparison

MCHI's dividend yield for the trailing twelve months is around 4.48%, while CQQQ has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
MCHI
iShares MSCI China ETF
4.48%3.49%2.16%1.04%1.04%1.45%1.60%1.56%1.66%2.76%2.35%2.37%
CQQQ
Invesco China Technology ETF
0.00%0.55%0.08%0.00%0.47%0.01%0.43%1.42%1.69%1.77%1.00%0.79%

Drawdowns

MCHI vs. CQQQ - Drawdown Comparison

The maximum MCHI drawdown since its inception was -62.84%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for MCHI and CQQQ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-47.94%
-62.89%
MCHI
CQQQ

Volatility

MCHI vs. CQQQ - Volatility Comparison

The current volatility for iShares MSCI China ETF (MCHI) is 10.37%, while Invesco China Technology ETF (CQQQ) has a volatility of 12.75%. This indicates that MCHI 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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
10.37%
12.75%
MCHI
CQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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