CQQQ
Invesco China Technology ETF
Invesco China Technology ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the AlphaShares China Technology Index. The ETF holds technology stocks of all cap sizes. Its investments are focused in communication and technology companies. The ETF weights the holdings using market capitalization methodology.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
2.5 B
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Guggenheim |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2009 |
| Assets (mns) | $2,483 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TENCENT HOLDINGS LTD | 9.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 8.7 % |
| MEITUAN DIANPING | 8.0 % |
| BAIDU, INC. CLASS A | 7.6 % |
| KUAISHOU TECHNOLOGY CLASS B | 6.4 % |
| HORIZON ROBOTICS | 4.0 % |
| SENSETIME GROUP INC | 3.6 % |
| BILIBILI, INC. CLASS Z | 3.1 % |
| SUNNY OPTICAL TECH | 2.9 % |
| HUA HONG SEMICONDUCTOR LTD. | 2.8 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 416 |
| Wgt avg mkt cap (mns) | $95,412 |
| Large cap (>$10bn) | 45.4% |
| Mid cap ($2-10bn) | 18.7% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 0.5% |
| Emerging mkts. | 67.3% |
Country Exposure
 |
CHINA | 67.3 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 33.6% | 29.7% | 19.3% | 8.6% | -7.4% | 3.5% | -- | 4.8% |
| Dividend Yield | 0.0% | 0.4% | 0.5% | 0.3% | 0.3% | 0.7% | -- | 0.9% |
| Total Returns | 33.6% | 30.1% | 19.8% | 8.9% | -7.2% | 4.2% | -- | 5.7% | Ann. Volatility | 33.6% | 34.3% | 36.4% | 34.6% | 38.3% | 33.0% | -- | 30.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 22% |
| MSCI EAFE | 1.11 | 29% |
| MSCI Emg Mkts | 1.55 | 63% |
Liquidity Measures
| Avg. volume (000) | 1,192 |
| ADV traded (mns) | $63 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $53.52 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.82/-0.95 |
| Bollinger Bands (Upper/Lower) | $55.84/$49.96 |
| Short interest (% of AUM) | 4.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CQQQ |
Expenses vs. CQQQ |
ALTAR Score™ vs. CQQQ |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 35.9% | -1 bp | +26.4% |
| TCHI | iShares MSCI China Multisector Tech ETF | 31.9% | -11 bp | +18.3% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 31.1% | -1 bp | +20.4% |
| FDNI | First Trust Dow Jones International Internet ETF | 26.2% | -5 bp | +23.0% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 24.3% | +16 bp | +14.4% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 23.1% | -10 bp | +10.7% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 22.0% | +5 bp | +3.4% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 21.3% | -38 bp | +13.4% |
| MCH | Matthews China Active ETF | 19.6% | +9 bp | +14.3% |
| FLCH | Franklin FTSE China ETF | 19.1% | -51 bp | +15.8% |
Risk and Returns: CQQQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
CQQQ
15.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 130 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.7%. CQQQ's ALTAR Score™ is approximately
2.9 standard deviations
above
the category average. This places CQQQ in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CQQQSELL
U/W
HOLD
O/W
BUY