CQQQ vs TMF

Comparison between INVESCO CHINA TECHNOLOGY ETF (CQQQ, ETF) and DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF).

5-Year PerformanceCQQQ has outperformed TMF, delivering a return of -5.8% compared to -29.5%

CQQQ vs TMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CQQQ(ETF)	TMF(ETF)
Net Assets	$2.70B	$2.70B
Expense Ratio	0.65%	N/A
Max Drawdown	74.15%	93.33%
Sharpe Ratio	0.91	-0.16
5Y Beta	0.89	0.19
5Y Dividends CAGR	25.89%	-26.36%

Net Assets

CQQQ

$2.70B

TMF

$2.70B

Expense Ratio

CQQQ

0.65%

TMF

N/A

Max Drawdown

Winner

CQQQ

74.15%

TMF

93.33%

Sharpe Ratio

Winner

CQQQ

0.91

TMF

-0.16

5Y Beta

CQQQ

0.89

Winner

TMF

0.19

5Y Dividends CAGR

Winner

CQQQ

25.89%

TMF

-26.36%

CQQQ vs TMF - Holdings Comparison

CQQQ and TMF have 0 common holdings. Overlap is 0.00%

CQQQ's top 25 holdings weight is 68.60%. TMF's top 25 holdings weight is 77.07%.

Rank	CQQQ	TMF
#1	TENCENT HOLDINGS LTD (n/a) - 8.62%	ISHARES 20& YEAR TREASURY BOND ETF (TLT) - 69.74%
#2	PDD HOLDINGS INC ADR (PDD) - 8.49%	GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 7.33%
#3	MEITUAN CLASS B (n/a) - 8.42%	N/A
#4	BAIDU INC (n/a) - 7.02%	N/A
#5	n/a (n/a) - 4.27%	N/A
#6	n/a (n/a) - 3.67%	N/A
#7	HORIZON ROBOTICS CLASS B (n/a) - 3.00%	N/A
#8	SENSETIME GROUP INC CLASS B (n/a) - 2.58%	N/A
#9	n/a (n/a) - 2.46%	N/A
#10	BILIBILI INC CLASS Z (n/a) - 2.20%	N/A
#11	CAMBRICON TECHNOLOGIES CORP LTD CLASS A (n/a) - 2.12%	N/A
#12	SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD (n/a) - 1.90%	N/A
#13	TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 1.63%	N/A
#14	GDS HOLDINGS LTD CLASS A (n/a) - 1.56%	N/A
#15	KINGBOARD LAMINATES HOLDINGS LTD (n/a) - 1.51%	N/A
#16	NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 1.37%	N/A
#17	n/a (n/a) - 1.08%	N/A
#18	KINGSOFT CORP LTD (n/a) - 1.06%	N/A
#19	n/a (n/a) - 0.98%	N/A
#20	n/a (n/a) - 0.87%	N/A
#21	n/a (n/a) - 0.83%	N/A
#22	SHENNAN CIRCUITS CO LTD CLASS A (n/a) - 0.77%	N/A
#23	GIGADEVICE SEMICONDUCTOR INC CLASS A (n/a) - 0.75%	N/A
#24	MONTAGE TECHNOLOGY CO LTD CLASS A (n/a) - 0.73%	N/A
#25	n/a (n/a) - 0.71%	N/A
Total Holdings	176	2

CQQQ vs TMF - Historical Returns

Returns include dividend reinvestment.

Period	CQQQ	TMF
1 month	+14.95%	-3.24%
3 months	+1.50%	-8.15%
6 months	+1.05%	-13.64%
1 year	+25.48%	-3.01%
5 years(CAGR)	-5.78%	-29.55%
10 years(CAGR)	+6.07%	-16.22%
Max(CAGR)	+5.90%	-6.05%

Winner

CQQQ

+14.95%

TMF

-3.24%

Winner

CQQQ

+1.50%

TMF

-8.15%

Winner

CQQQ

+1.05%

TMF

-13.64%

Winner

CQQQ

+25.48%

TMF

-3.01%

5Y(CAGR)

Winner

CQQQ

-5.78%

TMF

-29.55%

10Y(CAGR)

Winner

CQQQ

+6.07%

TMF

-16.22%

Max(CAGR)

Winner

CQQQ

+5.90%

TMF

-6.05%

CQQQ vs TMF - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CQQQ	TMF
2026	+0.77%	-5.18%
2025	+38.47%	-3.69%
2024	+13.15%	-34.61%
2023	-20.50%	-17.42%
2022	-29.95%	-70.36%
2021	-25.23%	-19.51%
2020	+49.54%	+34.34%
2019	+33.47%	+32.62%
2018	-37.28%	-7.97%
2017	+72.46%	+21.53%
2016	+3.44%	-5.33%
2015	+6.25%	-16.30%
2014	-1.04%	+95.37%
2013	+54.39%	-36.52%
2012	+8.40%	+5.23%
2011	-25.11%	+112.97%
2010	+3.59%	+16.06%
2009	+3.24%	-39.24%

CQQQ vs TMF 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 TMF was -92.61%, occurring on May 21, 2025. This drawdown has not yet recovered.

The current CQQQ drawdown is -47.79%. The current TMF drawdown is -92.20%.

Rank	CQQQ	TMF
#1	-73.98% Feb 16, 2021 - Feb 2, 2024	-92.61% Mar 9, 2020 - May 21, 2025
#2	-43.04% Jan 26, 2018 - Jul 6, 2020	-53.33% Jul 25, 2012 - Jan 5, 2015
#3	-41.76% Apr 20, 2011 - Sep 10, 2013	-51.11% Jul 8, 2016 - Aug 12, 2019
#4	-38.76% May 19, 2015 - Apr 28, 2017	-46.17% Aug 26, 2010 - Aug 10, 2011
#5	-21.93% Mar 6, 2014 - Apr 2, 2015	-44.57% Apr 20, 2009 - Aug 19, 2010
#6	-18.66% Apr 9, 2010 - Oct 18, 2010	-42.46% Jan 30, 2015 - Jun 27, 2016
#7	-14.19% Jan 14, 2010 - Mar 17, 2010	-30.94% Oct 3, 2011 - May 30, 2012
#8	-13.59% Nov 22, 2017 - Jan 26, 2018	-24.59% Aug 28, 2019 - Feb 24, 2020
#9	-10.09% Jan 22, 2014 - Mar 4, 2014	-14.95% Aug 10, 2011 - Aug 18, 2011
#10	-9.29% Jul 9, 2020 - Oct 12, 2020	-14.23% Sep 22, 2011 - Oct 3, 2011
#11	-8.94% Oct 21, 2013 - Dec 31, 2013	-12.90% Aug 19, 2011 - Sep 2, 2011
#12	-8.07% Feb 17, 2011 - Apr 4, 2011	-12.78% Jun 1, 2012 - Jul 23, 2012
#13	-7.04% Nov 8, 2010 - Jan 13, 2011	-7.46% Aug 15, 2019 - Aug 27, 2019
#14	-6.56% Jan 25, 2021 - Feb 8, 2021	-6.18% Sep 12, 2011 - Sep 19, 2011
#15	-5.62% Sep 18, 2017 - Oct 3, 2017	-5.52% Sep 6, 2011 - Sep 9, 2011

Correlation

Correlation between CQQQ and TMF is 0.45 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.45

-101

Dividend Comparison (2009 - 2026)

CQQQ vs TMF dividend yield comparison.

Year	CQQQ	TMF
2026	0.00%	0.63%
2025	2.17%	4.06%
2024	0.28%	4.29%
2023	0.55%	2.82%
2022	0.08%	1.62%
2021	0.00%	0.13%
2020	0.47%	2.24%
2019	0.01%	0.94%
2018	0.43%	1.49%
2017	1.41%	0.41%
2016	1.69%	0.00%
2015	1.77%	0.00%
2014	1.00%	0.00%
2013	0.79%	0.57%
2012	1.91%	0.17%
2011	2.77%	0.70%
2010	0.48%	5.12%
2009	0.00%	15.58%