TECH vs. CQQQ
Compare and contrast key facts about Bio-Techne Corporation (TECH) and Invesco China Technology ETF (CQQQ).
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: TECH or CQQQ.
Correlation
The correlation between TECH and CQQQ is 0.37, 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
TECH vs. CQQQ - Performance Comparison
Key characteristics
TECH:
-0.20
CQQQ:
1.59
TECH:
-0.04
CQQQ:
2.37
TECH:
1.00
CQQQ:
1.29
TECH:
-0.14
CQQQ:
0.86
TECH:
-0.62
CQQQ:
4.59
TECH:
11.68%
CQQQ:
13.47%
TECH:
36.57%
CQQQ:
38.91%
TECH:
-74.39%
CQQQ:
-73.99%
TECH:
-50.94%
CQQQ:
-53.85%
Returns By Period
In the year-to-date period, TECH achieves a -9.76% return, which is significantly lower than CQQQ's 25.57% return. Over the past 10 years, TECH has outperformed CQQQ with an annualized return of 11.14%, while CQQQ has yielded a comparatively lower 3.86% annualized return.
TECH
-9.76%
-17.42%
-9.99%
-9.14%
5.25%
11.14%
CQQQ
25.57%
24.81%
52.71%
56.66%
-2.71%
3.86%
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Risk-Adjusted Performance
TECH vs. CQQQ — Risk-Adjusted Performance Rank
TECH
CQQQ
TECH vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bio-Techne Corporation (TECH) 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
TECH vs. CQQQ - Dividend Comparison
TECH's dividend yield for the trailing twelve months is around 0.49%, more than CQQQ's 0.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECH Bio-Techne Corporation | 0.49% | 0.44% | 0.41% | 0.77% | 0.25% | 0.40% | 0.58% | 0.88% | 0.99% | 1.24% | 1.42% | 1.35% |
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
TECH vs. CQQQ - Drawdown Comparison
The maximum TECH drawdown since its inception was -74.39%, roughly equal to the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for TECH and CQQQ. For additional features, visit the drawdowns tool.
Volatility
TECH vs. CQQQ - Volatility Comparison
Bio-Techne Corporation (TECH) has a higher volatility of 8.39% compared to Invesco China Technology ETF (CQQQ) at 7.78%. This indicates that TECH's price experiences larger fluctuations and is considered to be riskier than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.