CQQQ vs SPY
Comparison between INVESCO CHINA TECHNOLOGY ETF (CQQQ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed CQQQ, delivering a return of +13.3% compared to -6.8%
CQQQ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CQQQ
$2.50B
Winner
SPY
$652B
Expense Ratio
CQQQ
0.65%
Winner
SPY
0.09%
Max Drawdown
CQQQ
74.15%
Winner
SPY
56.47%
Sharpe Ratio
CQQQ
0.87
Winner
SPY
2.07
5Y Beta
Winner
CQQQ
0.89
SPY
1.00
P/E Ratio
CQQQ
N/A
SPY
28.24
Forward P/E
CQQQ
N/A
SPY
21.85
5Y Dividends CAGR
Winner
CQQQ
25.89%
SPY
5.43%
5Y EPS CAGR
CQQQ
N/A
SPY
25.79%
Debt to Equity
CQQQ
N/A
SPY
22.35%
P/S Ratio
CQQQ
N/A
SPY
3.55
P/B Ratio
CQQQ
N/A
SPY
5.29
CQQQ vs SPY - Holdings Comparison
CQQQ and SPY have 1 common holdings. Overlap is 0.00%
CQQQ's top 25 holdings weight is 68.60%. SPY's top 25 holdings weight is 51.32%.
| Rank | CQQQ | SPY |
|---|---|---|
| #1 | TENCENT HOLDINGS LTD (n/a) - 8.62% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | PDD HOLDINGS INC ADR (PDD) - 8.49% | APPLE INC (AAPL) - 6.48% |
| #3 | MEITUAN CLASS B (n/a) - 8.42% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | BAIDU INC (n/a) - 7.02% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | n/a (n/a) - 4.27% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | n/a (n/a) - 3.67% | BROADCOM INC (AVGO) - 3.09% |
| #7 | HORIZON ROBOTICS CLASS B (n/a) - 3.00% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | SENSETIME GROUP INC CLASS B (n/a) - 2.58% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | n/a (n/a) - 2.46% | TESLA INC (TSLA) - 1.73% |
| #10 | BILIBILI INC CLASS Z (n/a) - 2.20% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | CAMBRICON TECHNOLOGIES CORP LTD CLASS A (n/a) - 2.12% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD (n/a) - 1.90% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 1.63% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | GDS HOLDINGS LTD CLASS A (n/a) - 1.56% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | KINGBOARD LAMINATES HOLDINGS LTD (n/a) - 1.51% | WALMART INC (WMT) - 0.91% |
| #16 | NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 1.37% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | n/a (n/a) - 1.08% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | KINGSOFT CORP LTD (n/a) - 1.06% | VISA INC CLASS A (V) - 0.85% |
| #19 | n/a (n/a) - 0.98% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | n/a (n/a) - 0.87% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | n/a (n/a) - 0.83% | INTEL CORP (INTC) - 0.65% |
| #22 | SHENNAN CIRCUITS CO LTD CLASS A (n/a) - 0.77% | NETFLIX INC (NFLX) - 0.64% |
| #23 | GIGADEVICE SEMICONDUCTOR INC CLASS A (n/a) - 0.75% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | MONTAGE TECHNOLOGY CO LTD CLASS A (n/a) - 0.73% | CHEVRON CORP (CVX) - 0.58% |
| #25 | n/a (n/a) - 0.71% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 176 | 505 |
CQQQ vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CQQQ
+12.19%
SPY
+9.11%
3M
CQQQ
-0.83%
Winner
SPY
+6.59%
6M
CQQQ
-0.50%
Winner
SPY
+10.56%
1Y
CQQQ
+26.87%
Winner
SPY
+32.04%
5Y(CAGR)
CQQQ
-6.76%
Winner
SPY
+13.35%
10Y(CAGR)
CQQQ
+5.97%
Winner
SPY
+15.49%
Max(CAGR)
CQQQ
+5.77%
Winner
SPY
+8.50%
CQQQ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CQQQ | SPY |
|---|---|---|
| 2026 | -1.27% | +8.27% |
| 2025 | +38.47% | +18.00% |
| 2024 | +13.15% | +25.59% |
| 2023 | -20.50% | +26.72% |
| 2022 | -29.95% | -18.64% |
| 2021 | -25.23% | +30.52% |
| 2020 | +49.54% | +17.28% |
| 2019 | +33.47% | +31.09% |
| 2018 | -37.28% | -5.24% |
| 2017 | +72.46% | +20.78% |
| 2016 | +3.44% | +13.59% |
| 2015 | +6.25% | +1.31% |
| 2014 | -1.04% | +14.56% |
| 2013 | +54.39% | +29.00% |
| 2012 | +8.40% | +14.17% |
| 2011 | -25.11% | +0.85% |
| 2010 | +3.59% | +13.14% |
| 2009 | +3.24% | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
CQQQ vs SPY Drawdown Comparison
The maximum drawdown for CQQQ was -73.98%, occurring on Feb 2, 2024. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CQQQ drawdown is -48.85%.
| Rank | CQQQ | SPY |
|---|---|---|
| #1 | -73.98% Feb 16, 2021 - Feb 2, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -43.04% Jan 26, 2018 - Jul 6, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -41.76% Apr 20, 2011 - Sep 10, 2013 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.76% May 19, 2015 - Apr 28, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.93% Mar 6, 2014 - Apr 2, 2015 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.66% Apr 9, 2010 - Oct 18, 2010 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.19% Jan 14, 2010 - Mar 17, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.59% Nov 22, 2017 - Jan 26, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.09% Jan 22, 2014 - Mar 4, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.29% Jul 9, 2020 - Oct 12, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.94% Oct 21, 2013 - Dec 31, 2013 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.07% Feb 17, 2011 - Apr 4, 2011 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.04% Nov 8, 2010 - Jan 13, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.56% Jan 25, 2021 - Feb 8, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.62% Sep 18, 2017 - Oct 3, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CQQQ and SPY is 0.52 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.52
-101
Dividend Comparison (1999 - 2026)
CQQQ vs SPY dividend yield comparison.
| Year | CQQQ | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.17% | 1.07% |
| 2024 | 0.28% | 1.21% |
| 2023 | 0.55% | 1.40% |
| 2022 | 0.08% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.47% | 1.52% |
| 2019 | 0.01% | 1.75% |
| 2018 | 0.43% | 2.04% |
| 2017 | 1.41% | 1.80% |
| 2016 | 1.69% | 2.03% |
| 2015 | 1.77% | 2.06% |
| 2014 | 1.00% | 1.87% |
| 2013 | 0.79% | 1.81% |
| 2012 | 1.91% | 2.18% |
| 2011 | 2.77% | 2.05% |
| 2010 | 0.48% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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