TCHI vs. CQQQ
Compare and contrast key facts about iShares MSCI China Multisector Tech ETF (TCHI) and Invesco China Technology ETF (CQQQ).
TCHI and CQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net. It was launched on Jan 25, 2022. 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 TCHI 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: TCHI or CQQQ.
Correlation
The correlation between TCHI and CQQQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TCHI vs. CQQQ - Performance Comparison
Key characteristics
TCHI:
0.50
CQQQ:
0.72
TCHI:
0.97
CQQQ:
1.33
TCHI:
1.12
CQQQ:
1.16
TCHI:
0.49
CQQQ:
0.43
TCHI:
1.36
CQQQ:
2.10
TCHI:
13.79%
CQQQ:
14.54%
TCHI:
37.41%
CQQQ:
42.24%
TCHI:
-43.96%
CQQQ:
-73.99%
TCHI:
-21.12%
CQQQ:
-61.25%
Returns By Period
In the year-to-date period, TCHI achieves a 1.75% return, which is significantly lower than CQQQ's 5.43% return.
TCHI
1.75%
-10.14%
1.93%
16.62%
N/A
N/A
CQQQ
5.43%
-8.22%
2.07%
27.05%
-3.76%
-0.07%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TCHI vs. CQQQ - Expense Ratio Comparison
TCHI has a 0.59% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
TCHI vs. CQQQ — Risk-Adjusted Performance Rank
TCHI
CQQQ
TCHI vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) 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
TCHI vs. CQQQ - Dividend Comparison
TCHI's dividend yield for the trailing twelve months is around 2.44%, more than CQQQ's 0.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 2.44% | 2.49% | 4.28% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CQQQ Invesco China Technology ETF | 0.27% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% |
Drawdowns
TCHI vs. CQQQ - Drawdown Comparison
The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for TCHI and CQQQ. For additional features, visit the drawdowns tool.
Volatility
TCHI vs. CQQQ - Volatility Comparison
iShares MSCI China Multisector Tech ETF (TCHI) and Invesco China Technology ETF (CQQQ) have volatilities of 16.51% and 16.88%, 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.