XNKY.DE vs. CQQQ
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and CQQQ (Invesco China Technology ETF) are both exchange-traded funds - XNKY.DE is a Japan Equities fund tracking the Nikkei 225®, while CQQQ is a China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index. Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs -7.28%/yr for CQQQ. At a 0.27 correlation, their price movements are largely independent. XNKY.DE charges 0.09%/yr vs 0.70%/yr for CQQQ.
Performance
XNKY.DE vs. CQQQ - Performance Comparison
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Different Trading Currencies
XNKY.DE is traded in EUR, while CQQQ is traded in USD. To make them comparable, the CQQQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XNKY.DE achieves a 32.35% return, which is significantly higher than CQQQ's 0.17% return.
XNKY.DE
- 1D
- -1.43%
- 1M
- 6.07%
- YTD
- 32.35%
- 6M
- 33.84%
- 1Y
- 59.86%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
CQQQ
- 1D
- -1.19%
- 1M
- -7.70%
- YTD
- 0.17%
- 6M
- 1.23%
- 1Y
- 21.44%
- 3Y*
- 5.53%
- 5Y*
- -7.28%
- 10Y*
- 5.03%
XNKY.DE vs. CQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 32.35% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 13.56% |
CQQQ Invesco China Technology ETF | 0.17% | 18.95% | 17.09% | -19.21% | -25.76% | -18.89% | 5.92% |
Correlation
The correlation between XNKY.DE and CQQQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.27 |
The correlation between XNKY.DE and CQQQ shifts across timeframes, from 0.25 (3 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XNKY.DE vs. CQQQ — Risk / Return Rank
XNKY.DE
CQQQ
XNKY.DE vs. CQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) 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.
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.
| XNKY.DE | CQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 0.94 | +3.65 |
| Martin ratioReturn relative to average drawdown | 13.91 | 2.09 | +11.82 |
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Drawdowns
XNKY.DE vs. CQQQ - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum CQQQ drawdown of -70.82%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and CQQQ.
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Drawdown Indicators
| XNKY.DE | CQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -70.82% | +49.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -22.97% | +9.98% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -34.70% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -63.57% | +42.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.82% | — |
Current DrawdownCurrent decline from peak | -1.43% | -48.80% | +47.37% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -25.54% | +17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 10.30% | -6.01% |
Volatility
XNKY.DE vs. CQQQ - Volatility Comparison
The current volatility for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) is 6.59%, while Invesco China Technology ETF (CQQQ) has a volatility of 9.83%. This indicates that XNKY.DE 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.
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Volatility by Period
| XNKY.DE | CQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 9.83% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 21.48% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 29.23% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 36.61% | -18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 32.58% | -14.17% |
XNKY.DE vs. CQQQ - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Dividends
XNKY.DE vs. CQQQ - Dividend Comparison
XNKY.DE has not paid dividends to shareholders, while CQQQ's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.20% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNKY.DE and CQQQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.70% for CQQQ.
XNKY.DE is categorized as Japan Equities, while CQQQ is China Equities. XNKY.DE tracks Nikkei 225®, while CQQQ tracks FTSE China Incl A 25% Technology Capped Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.09% for XNKY.DE and 0.70% for CQQQ.
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