QFIN vs. IPKW
QFIN (360 DigiTech, Inc.) is a stock, while IPKW (Invesco International BuyBack Achievers™ ETF) is Global Equities fund tracking the NASDAQ International BuyBack Achievers Index. Over the past 5 years, QFIN returned -12.03%/yr vs 9.12%/yr for IPKW. At a 0.36 correlation, their price movements are largely independent.
Performance
QFIN vs. IPKW - Performance Comparison
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Returns By Period
In the year-to-date period, QFIN achieves a -15.31% return, which is significantly lower than IPKW's 5.48% return.
QFIN
- 1D
- 2.67%
- 1M
- 17.56%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
IPKW
- 1D
- 0.03%
- 1M
- -1.22%
- YTD
- 5.48%
- 6M
- 7.67%
- 1Y
- 23.37%
- 3Y*
- 22.77%
- 5Y*
- 9.12%
- 10Y*
- 11.93%
QFIN vs. IPKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
IPKW Invesco International BuyBack Achievers™ ETF | 5.48% | 45.50% | 10.56% | 15.12% | -12.81% | 11.41% | 16.18% | 20.26% | -3.64% |
Correlation
The correlation between QFIN and IPKW is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.36 |
The correlation between QFIN and IPKW shifts across timeframes, from 0.28 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QFIN vs. IPKW — Risk / Return Rank
QFIN
IPKW
QFIN vs. IPKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 360 DigiTech, Inc. (QFIN) and Invesco International BuyBack Achievers™ ETF (IPKW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QFIN | IPKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.28 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.49 | -3.33 |
| Martin ratioReturn relative to average drawdown | -1.13 | 8.37 | -9.50 |
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Drawdowns
QFIN vs. IPKW - Drawdown Comparison
The maximum QFIN drawdown since its inception was -76.74%, which is greater than IPKW's maximum drawdown of -47.24%. Use the drawdown chart below to compare losses from any high point for QFIN and IPKW.
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Drawdown Indicators
| QFIN | IPKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -47.24% | -29.50% |
Max Drawdown (1Y)Largest decline over 1 year | -72.31% | -9.14% | -63.17% |
Max Drawdown (3Y)Largest decline over 3 years | -73.15% | -17.77% | -55.38% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -32.67% | -44.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.24% | — |
Current DrawdownCurrent decline from peak | -64.51% | -3.00% | -61.51% |
Average DrawdownAverage peak-to-trough decline | -45.54% | -8.98% | -36.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 2.72% | +50.29% |
Volatility
QFIN vs. IPKW - Volatility Comparison
360 DigiTech, Inc. (QFIN) has a higher volatility of 29.45% compared to Invesco International BuyBack Achievers™ ETF (IPKW) at 4.33%. This indicates that QFIN's price experiences larger fluctuations and is considered to be riskier than IPKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QFIN | IPKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.45% | 4.33% | +25.12% |
Volatility (6M)Calculated over the trailing 6-month period | 38.71% | 12.27% | +26.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.12% | 14.68% | +40.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.39% | 17.06% | +49.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.04% | 17.90% | +54.14% |
Dividends
QFIN vs. IPKW - Dividend Comparison
QFIN's dividend yield for the trailing twelve months is around 10.00%, more than IPKW's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPKW Invesco International BuyBack Achievers™ ETF | 3.54% | 3.55% | 4.12% | 2.66% | 3.77% | 7.37% | 1.45% | 2.41% | 2.61% | 0.93% | 2.82% | 1.31% |
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QFIN and IPKW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to IPKW (4.33%). In terms of maximum drawdown, QFIN dropped -76.74% vs IPKW's -47.24%.
IPKW currently has the higher Sharpe Ratio (1.55 vs -1.09), 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.
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