Invesco China Technology ETF

10-Year Study

CQQQ.US · · US · ETF

Executive Summary: Invesco China Technology ETF has compounded at 4.5% annually over the last 10 years, with a maximum drawdown of 69.4% and an annualized volatility of 35.5%.

1Y CAGR
+26.9%
3Y CAGR
+10.4%
5Y CAGR
-8.9%
10Y CAGR
+4.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
69.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.15
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.26
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
29.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +74.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -34.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20267.3-6.7-11.67.5————————-4.9%
20253.811.5-2.8-5.3-3.18.95.814.310.3-4.9-6.21.035.0%
2024-20.510.71.25.02.9-3.1-1.1-3.528.90.1-1.8-2.79.8%
202311.9-10.57.2-9.6-9.33.910.6-8.9-9.4-4.36.7-2.2-16.7%
2022-4.6-5.7-16.0-8.07.19.1-10.7-1.2-18.4-12.028.65.7-30.1%
202112.41.5-13.31.4-2.14.2-14.3-1.7-7.33.8-3.6-5.6-24.5%
2020-1.24.3-11.68.25.016.78.92.5-2.57.64.16.857.3%
201914.06.13.04.1-17.47.3-1.51.31.14.44.55.333.6%
20186.4-3.6-3.8-4.43.4-6.0-3.5-8.0-2.7-15.17.8-10.1-34.8%
201710.14.14.34.32.04.310.17.23.63.54.1-0.174.3%
2016———-0.70.9-2.13.712.16.6-5.1-3.1-6.34.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 35.5%. The dominant macroeconomic risk driver is VWO.US, accounting for 83.6% of variance. Idiosyncratic stock-specific factors contribute 16.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019932.82615986935
2016-05-0110023.352548248871
2016-06-019813.116922604328
2016-07-0110181.021431056693
2016-08-0111410.211802910764
2016-09-0112163.480376023044
2016-10-0111544.528137469713
2016-11-0111182.485275356323
2016-12-0110473.288759744595
2017-01-0111533.400413136356
2017-02-0112002.551540171085
2017-03-0112516.276255943927
2017-04-0113056.738855819174
2017-05-0113323.96096833144
2017-06-0113894.107948329744
2017-07-0115295.699683094948
2017-08-0116394.39789607646
2017-09-0116976.42489726446
2017-10-0117564.376236196134
2017-11-0118279.998620789094
2017-12-0118255.98781279093
2018-01-0119415.433996921853
2018-02-0118722.788012149595
2018-03-0118015.0647445482
2018-04-0117226.03072505744
2018-05-0117816.301645962827
2018-06-0116750.2029634227
2018-07-0116172.00013792109
2018-08-0114877.046482542011
2018-09-0114470.461377392852
2018-10-0112290.117013506862
2018-11-0113244.781724201704
2018-12-0111908.389050319254
2019-01-0113581.089764687813
2019-02-0114415.919855308237
2019-03-0114854.508922554172
2019-04-0115465.499352711247
2019-05-0112779.51746425806
2019-06-0113717.192804280568
2019-07-0113514.542838604113
2019-08-0113696.03445519602
2019-09-0113841.196402767197
2019-10-0114452.21817862662
2019-11-0115102.516119527434
2019-12-0115905.59301366986
2020-01-0115721.060863950246
2020-02-0116392.61119104265
2020-03-0114483.814646592878
2020-04-0115678.712820078805
2020-05-0116456.148929700994
2020-06-0119202.87878930359
2020-07-0120918.052930352987
2020-08-0121450.459684724927
2020-09-0120921.093463480687
2020-10-0122512.232660341102
2020-11-0123428.812342683756
2020-12-0125025.02954332446
2021-01-0128125.432962513678
2021-02-0128557.06328383847
2021-03-0124757.55666519342
2021-04-0125094.96180526169
2021-05-0124556.944170169547
2021-06-0125593.452509693656
2021-07-0121942.869322901483
2021-08-0121569.009131003095
2021-09-0119994.483156386843
2021-10-0120745.275419013677
2021-11-0120003.60475576996
2021-12-0118885.03336750015
2022-01-0118015.723004297495
2022-02-0116982.255197901093
2022-03-0114270.914636248797
2022-04-0113128.05032865969
2022-05-0114061.180541841812
2022-06-0115337.82830704996
2022-07-0113699.482482454243
2022-08-0113532.315851835132
2022-09-0111042.871517100648
2022-10-019714.566034423851
2022-11-0112495.807512311023
2022-12-0113201.963494795045
2023-01-0114774.640072972796
2023-02-0113217.166160433573
2023-03-0114172.332402365975
2023-04-0112809.546647106949
2023-05-0111614.084250978769
2023-06-0112064.271228093274
2023-07-0113341.890710074193
2023-08-0112152.509380201429
2023-09-0111011.776580371949
2023-10-0110537.233992533453
2023-11-0111242.95113518461
2023-12-0110995.508160853606
2024-01-018744.385201067007
2024-02-019683.377060588107
2024-03-019802.647458020268
2024-04-0110295.088441899172
2024-05-0110588.703635788015
2024-06-0110258.382624450272
2024-07-0110145.224638975873
2024-08-019787.382100977045
2024-09-0112616.519812051169
2024-10-0112631.81651479674
2024-11-0112408.541076975642
2024-12-0112077.24834886513
2025-01-0112537.277876516739
2025-02-0113978.709998965593
2025-03-0113589.20830159581
2025-04-0112862.36415556245
2025-05-0112463.678167404856
2025-06-0113570.808374317838
2025-07-0114352.852302185109
2025-08-0116410.729006999496
2025-09-0118097.472596019725
2025-10-0117208.10098331468
2025-11-0116137.770630957642
2025-12-0116299.765220689418
2026-01-0117490.901909893644
2026-02-0116321.707212332652
2026-03-0114425.292220310135
2026-04-0115503.584381063436
Annual Return Matrix
YearAnnual Return
20170.7430998258121286
2018-0.34769955083034576
20190.33566286308419224
20200.573347785387003
2021-0.24535420288693266
2022-0.3009298295699746
2023-0.16713084646926557
20240.09838019054569513
20250.34962573840100486
2026-0.04884615384615387
Total Factor Risk
0.3553137706961161
VTI.US Exposure
-0.10944584126815311
VEA.US Exposure
-0.13454988237841753
VWO.US Exposure
0.8356299333106381
QQQ.US Exposure
-0.0025895490990138813
VTV.US Exposure
0.003661966836344125
IJR.US Exposure
0.034503528021983726
QUAL.US Exposure
0.17334862569610596
SHV.US Exposure
0.013182586535748261
TLT.US Exposure
-0.04551068288851175
LQD.US Exposure
0.10210604336748443
HYG.US Exposure
-0.004306684464138925
GLD.US Exposure
-0.008624326263311746
USO.US Exposure
0.007148644500646515
VNQ.US Exposure
-0.02335963610114972
BTC-USD.CC Exposure
0.004509228198119835
CPER.US Exposure
-0.01731864327660118
VIX.INDX Exposure
-0.010596393587884088
UUP.US Exposure
-0.000997338422000584
TIP.US Exposure
0.014681069904760926
Idiosyncratic Exposure
0.16852735137735067
Value Score
42.4
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
25.9
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
35.5%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →18.9x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.16%
Market Cap$22.8B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-3.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
16.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.12
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco China Technology ETF a high-risk investment?

Invesco China Technology ETF (CQQQ.US) has an annualized volatility of 35.5% and experienced a maximum drawdown of 69.4% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of CQQQ.US?

Over the past 10 years, CQQQ.US has generated a Compound Annual Growth Rate (CAGR) of 4.5%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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