XSD vs. CQQQ
Compare and contrast key facts about SPDR S&P Semiconductor ETF (XSD) and Invesco China Technology ETF (CQQQ).
XSD and CQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 2006. 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 XSD 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: XSD or CQQQ.
Key characteristics
| XSD | CQQQ | |
|---|---|---|
| YTD Return | -1.82% | -8.85% |
| 1Y Return | 21.12% | -19.93% |
| 3Y Return (Ann) | 5.26% | -26.91% |
| 5Y Return (Ann) | 21.08% | -8.25% |
| 10Y Return (Ann) | 21.42% | 0.75% |
| Sharpe Ratio | 0.70 | -0.64 |
| Daily Std Dev | 30.48% | 29.85% |
| Max Drawdown | -64.56% | -73.99% |
| Current Drawdown | -10.58% | -69.50% |
Correlation
The correlation between XSD and CQQQ is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XSD vs. CQQQ - Performance Comparison
In the year-to-date period, XSD achieves a -1.82% return, which is significantly higher than CQQQ's -8.85% return. Over the past 10 years, XSD has outperformed CQQQ with an annualized return of 21.42%, while CQQQ has yielded a comparatively lower 0.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XSD vs. CQQQ - Expense Ratio Comparison
XSD has a 0.35% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
XSD vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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
XSD vs. CQQQ - Dividend Comparison
XSD's dividend yield for the trailing twelve months is around 0.26%, less than CQQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSD SPDR S&P Semiconductor ETF | 0.26% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% | 0.46% | 0.52% |
CQQQ Invesco China Technology ETF | 0.60% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% | 1.00% | 0.79% |
Drawdowns
XSD vs. CQQQ - Drawdown Comparison
The maximum XSD drawdown since its inception was -64.56%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for XSD and CQQQ. For additional features, visit the drawdowns tool.
Volatility
XSD vs. CQQQ - Volatility Comparison
SPDR S&P Semiconductor ETF (XSD) has a higher volatility of 10.05% compared to Invesco China Technology ETF (CQQQ) at 7.43%. This indicates that XSD'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.