Compare/Updated Oct 26, 2026, refreshed every trading day
CQQQ vs KWEB
Invesco China Technology ETF against KraneShares CSI China Internet ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
CQQQ did slightly better over the comparison period: $1,000 invested on October 28, 2022 grew to $1,298, versus $1,310 for KWEB, a difference of $12, while the reported total returns were +29.8% and +31.0%, respectively. However, CQQQ’s recent performance was materially stronger, with 1-year and 3-year returns of -24.7% and +18.5%, compared with KWEB’s -37.8% and -5.9%. CQQQ also had lower expenses at 0.65% versus 0.70%, but higher 12-month volatility at 30.3% versus 28.1%. Its worst drawdown was -45.0%, compared with -42.8% for KWEB. The funds were highly correlated, with daily-move correlation of 0.877, so their diversification benefit was limited. Overall, CQQQ offered better recent and three-year results, while KWEB had lower measured volatility and drawdown.
- Price is below its 200-day average ($51); 50-day at $46.
- RSI 27, oversold. Supertrend says sell. ADX 40, so the trend is strong.
- Price is below its 200-day average ($28); 50-day at $25.
- RSI 32, neutral. Supertrend says sell. ADX 17, so the trend is weak.
Head to head
Which has returned more, CQQQ or KWEB?
CQQQ beat KWEB in 25 of the last 48 months; KWEB won the other 23. The typical monthly gap was 3.28 points.
Total return by period
Which is riskier?
CQQQ: Jan 26, 2023 to Feb 2, 2024; KWEB: Oct 2, 2025 to Oct 23, 2026
- 0.877
- correlation of daily moves, 4 years
- 0.82
- CQQQ move per 1% in KWEB
- 0.701
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 3.28 points.
When did they diverge?
| Month | CQQQ | KWEB | Gap |
|---|---|---|---|
| July 2026 | -11.8% | +16.4% | -28.23 pts |
| November 2022 | +28.6% | +48.0% | -19.32 pts |
| June 2026 | +8.0% | -8.4% | +16.47 pts |
| May 2026 | +3.5% | -7.1% | +10.60 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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