TSPA vs CQQQ

Comparison between T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF) and INVESCO CHINA TECHNOLOGY ETF (CQQQ, ETF).

5-Year PerformanceTSPA has outperformed CQQQ, delivering a return of +14.4% compared to -5.8%

TSPA vs CQQQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSPA(ETF)	CQQQ(ETF)
Net Assets	$2.60B	$2.70B
Expense Ratio	0.34%	0.65%
Max Drawdown	24.72%	74.15%
Sharpe Ratio	1.98	0.91
5Y Beta	0.97	0.89
P/E Ratio	29.92	N/A
Forward P/E	22.42	N/A
PEG Ratio	0.59	N/A
5Y Dividends CAGR	N/A	25.89%
5Y EPS CAGR	28.25%	N/A
Debt to Equity	44.08%	N/A
P/S Ratio	3.67	N/A
P/B Ratio	5.50	N/A

Net Assets

TSPA

$2.60B

Winner

CQQQ

$2.70B

Expense Ratio

Winner

TSPA

0.34%

CQQQ

0.65%

Max Drawdown

Winner

TSPA

24.72%

CQQQ

74.15%

Sharpe Ratio

Winner

TSPA

1.98

CQQQ

0.91

5Y Beta

TSPA

0.97

Winner

CQQQ

0.89

P/E Ratio

TSPA

29.92

CQQQ

N/A

Forward P/E

TSPA

22.42

CQQQ

N/A

PEG Ratio

TSPA

0.59

CQQQ

N/A

5Y Dividends CAGR

TSPA

N/A

CQQQ

25.89%

5Y EPS CAGR

TSPA

28.25%

CQQQ

N/A

Debt to Equity

TSPA

44.08%

CQQQ

N/A

P/S Ratio

TSPA

3.67

CQQQ

N/A

P/B Ratio

TSPA

5.50

CQQQ

N/A

TSPA vs CQQQ - Holdings Comparison

TSPA and CQQQ have 1 common holdings. Overlap is 0.00%

TSPA's top 25 holdings weight is 48.99%. CQQQ's top 25 holdings weight is 68.60%.

Rank	TSPA	CQQQ
#1	NVIDIA CORP (NVDA) - 7.73%	TENCENT HOLDINGS LTD (n/a) - 8.62%
#2	APPLE INC (AAPL) - 6.96%	PDD HOLDINGS INC ADR (PDD) - 8.49%
#3	MICROSOFT CORP (MSFT) - 4.96%	MEITUAN CLASS B (n/a) - 8.42%
#4	AMAZON.COM INC (AMZN) - 3.77%	BAIDU INC (n/a) - 7.02%
#5	ALPHABET INC CLASS C (GOOG) - 3.17%	n/a (n/a) - 4.27%
#6	BROADCOM INC (AVGO) - 2.80%	n/a (n/a) - 3.67%
#7	META PLATFORMS INC CLASS A (META) - 2.40%	HORIZON ROBOTICS CLASS B (n/a) - 3.00%
#8	ALPHABET INC CLASS A (GOOGL) - 2.36%	SENSETIME GROUP INC CLASS B (n/a) - 2.58%
#9	TESLA INC (TSLA) - 1.77%	n/a (n/a) - 2.46%
#10	ELI LILLY AND CO (LLY) - 1.38%	BILIBILI INC CLASS Z (n/a) - 2.20%
#11	JPMORGAN CHASE & CO (JPM) - 1.35%	CAMBRICON TECHNOLOGIES CORP LTD CLASS A (n/a) - 2.12%
#12	EXXON MOBIL CORP (XOM) - 1.12%	SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD (n/a) - 1.90%
#13	VISA INC CLASS A (V) - 1.05%	TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 1.63%
#14	T-MOBILE US INC (TMUS) - 1.03%	GDS HOLDINGS LTD CLASS A (n/a) - 1.56%
#15	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.01%	KINGBOARD LAMINATES HOLDINGS LTD (n/a) - 1.51%
#16	WALMART INC (WMT) - 0.99%	NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 1.37%
#17	NETFLIX INC (NFLX) - 0.98%	n/a (n/a) - 1.08%
#18	JOHNSON & JOHNSON (JNJ) - 0.95%	KINGSOFT CORP LTD (n/a) - 1.06%
#19	CHEVRON CORP (CVX) - 0.82%	n/a (n/a) - 0.98%
#20	MASTERCARD INC CLASS A (MA) - 0.80%	n/a (n/a) - 0.87%
#21	ABBOTT LABORATORIES (ABT) - 0.32%	n/a (n/a) - 0.83%
#22	AMPHENOL CORP CLASS A (APH) - 0.32%	SHENNAN CIRCUITS CO LTD CLASS A (n/a) - 0.77%
#23	CSX CORP (CSX) - 0.32%	GIGADEVICE SEMICONDUCTOR INC CLASS A (n/a) - 0.75%
#24	NORTHROP GRUMMAN CORP (NOC) - 0.32%	MONTAGE TECHNOLOGY CO LTD CLASS A (n/a) - 0.73%
#25	ALLSTATE CORP (ALL) - 0.31%	n/a (n/a) - 0.71%
Total Holdings	272	176

TSPA vs CQQQ - Historical Returns

Returns include dividend reinvestment.

Period	TSPA	CQQQ
1 month	+9.08%	+14.95%
3 months	+7.63%	+1.50%
6 months	+9.65%	+1.05%
1 year	+28.54%	+25.48%
5 years(CAGR)	+14.38%	-5.78%
10 years(CAGR)	N/A	+6.07%
Max(CAGR)	+14.38%	+5.90%

TSPA

+9.08%

Winner

CQQQ

+14.95%

Winner

TSPA

+7.63%

CQQQ

+1.50%

Winner

TSPA

+9.65%

CQQQ

+1.05%

Winner

TSPA

+28.54%

CQQQ

+25.48%

5Y(CAGR)

Winner

TSPA

+14.38%

CQQQ

-5.78%

10Y(CAGR)

TSPA

N/A

CQQQ

+6.07%

Max(CAGR)

Winner

TSPA

+14.38%

CQQQ

+5.90%

TSPA vs CQQQ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	TSPA	CQQQ
2026	+9.21%	+0.77%
2025	+16.49%	+38.47%
2024	+27.28%	+13.15%
2023	+30.41%	-20.50%
2022	-19.11%	-29.95%
2021	+13.72%	-25.23%
2020	N/A	+49.54%
2019	N/A	+33.47%
2018	N/A	-37.28%
2017	N/A	+72.46%
2016	N/A	+3.44%
2015	N/A	+6.25%
2014	N/A	-1.04%
2013	N/A	+54.39%
2012	N/A	+8.40%
2011	N/A	-25.11%
2010	N/A	+3.59%
2009	N/A	+3.24%

TSPA vs CQQQ Drawdown Comparison

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

The maximum drawdown for CQQQ was -73.98%, occurring on Feb 2, 2024. This drawdown has not yet recovered.

The current CQQQ drawdown is -47.79%.

Rank	TSPA	CQQQ
#1	-24.72% Dec 29, 2021 - Nov 22, 2023	-73.98% Feb 16, 2021 - Feb 2, 2024
#2	-19.04% Feb 19, 2025 - Jun 27, 2025	-43.04% Jan 26, 2018 - Jul 6, 2020
#3	-9.24% Jan 29, 2026 - Apr 14, 2026	-41.76% Apr 20, 2011 - Sep 10, 2013
#4	-8.90% Jul 16, 2024 - Sep 19, 2024	-38.76% May 19, 2015 - Apr 28, 2017
#5	-5.49% Mar 28, 2024 - May 14, 2024	-21.93% Mar 6, 2014 - Apr 2, 2015
#6	-5.40% Oct 29, 2025 - Dec 11, 2025	-18.66% Apr 9, 2010 - Oct 18, 2010
#7	-4.78% Aug 30, 2021 - Oct 19, 2021	-14.19% Jan 14, 2010 - Mar 17, 2010
#8	-4.16% Nov 16, 2021 - Dec 23, 2021	-13.59% Nov 22, 2017 - Jan 26, 2018
#9	-3.91% Dec 6, 2024 - Jan 22, 2025	-10.09% Jan 22, 2014 - Mar 4, 2014
#10	-2.97% Oct 8, 2025 - Oct 24, 2025	-9.29% Jul 9, 2020 - Oct 12, 2020
#11	-2.82% Jul 12, 2021 - Jul 23, 2021	-8.94% Oct 21, 2013 - Dec 31, 2013
#12	-2.77% Dec 11, 2025 - Dec 23, 2025	-8.07% Feb 17, 2011 - Apr 4, 2011
#13	-2.64% Oct 14, 2024 - Nov 6, 2024	-7.04% Nov 8, 2010 - Jan 13, 2011
#14	-2.59% Jan 12, 2026 - Jan 27, 2026	-6.56% Jan 25, 2021 - Feb 8, 2021
#15	-2.36% Nov 11, 2024 - Nov 26, 2024	-5.62% Sep 18, 2017 - Oct 3, 2017

Correlation

Correlation between TSPA and CQQQ is 0.04 which considered as a very weak or no correlation - the stocks move independently of each other.

0.04

-101

Dividend Comparison (2010 - 2025)

TSPA vs CQQQ dividend yield comparison.

Year	TSPA	CQQQ
2025	0.62%	2.17%
2024	0.50%	0.28%
2023	0.41%	0.55%
2022	1.16%	0.08%
2021	0.43%	0.00%
2020	0.00%	0.47%
2019	0.00%	0.01%
2018	0.00%	0.43%
2017	0.00%	1.41%
2016	0.00%	1.69%
2015	0.00%	1.77%
2014	0.00%	1.00%
2013	0.00%	0.79%
2012	0.00%	1.91%
2011	0.00%	2.77%
2010	0.00%	0.48%