Invesco China Technology ETF (CQQQ) Performance
CQQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −22.6% since Dec 31, 2025
- 1 year
- −25.5% total return
- 5 years
- −10.4% a year
- 10 years
- +0.5% a year
- Since first price
- +3.8% a year since 2009
CQQQ trailing returns vs SPY, QQQ, AGG
| Period | CQQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.6% | −14.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −20.1% | −20.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.2% | −18.2% | +7.8% | +8.4% | −1.5% |
| YTD | −22.6% | −22.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −25.5% | −27.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +21.8%+6.8%/yr | +18.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −42.2%−10.4%/yr | −44.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +5.1%+0.5%/yr | −2.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +110.9%+5.1%/yr | +81.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 8, 2009 | +88.7%+3.8%/yr | +61.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CQQQ vs SPY
From Dec 8, 2009: CQQQ grew to $18,868, SPY to $93,636.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CQQQ returns by calendar year
9 of 16 full years positive. Best 2017 (+74.3%), worst 2018 (−34.8%). 2026 is year to date.
CQQQ annual returns table
| Year | CQQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −22.6% | −32.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.0% | −27.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.8% | −23.6% | +24.9% | +25.6% | +1.3% |
| 2023 | −16.7% | −33.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −30.1% | −50.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −24.5% | −45.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +57.3% | −24.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +33.6% | −21.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −34.8% | −42.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +74.3% | −13.6% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.4% | −17.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +5.7% | −38.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −0.2% | −21.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +58.4% | −12.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +11.4% | −24.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −23.9% | −41.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +7.4% | −18.7% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CQQQ largest drawdowns
Now 61.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −74.0% | Feb 2, 2024 | not yet | 3.0 years | 5.7 years so far |
| Jan 26, 2018 | −43.0% | Jan 3, 2019 | Jul 6, 2020 | 11 months | 2.4 years |
| Apr 20, 2011 | −41.8% | Oct 3, 2011 | Sep 10, 2013 | 5 months | 2.4 years |
| May 19, 2015 | −38.8% | Aug 24, 2015 | Apr 28, 2017 | 3 months | 1.9 years |
| Mar 6, 2014 | −21.9% | May 8, 2014 | Apr 2, 2015 | 2 months | 1.1 years |
| Apr 9, 2010 | −18.7% | May 20, 2010 | Oct 18, 2010 | 41 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CQQQ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +8.5% | −6.8% | +1.5% | +4.3% |
| Volatility (annualized) | 30.9% | 33.8% | 29.6% | 28.4% |
| Sharpe ratio | 0.27 | -0.15 | 0.12 | 0.24 |
| Sortino ratio | 0.45 | -0.22 | 0.17 | 0.36 |
| Best month | +28.9% | +28.9% | +28.9% | +28.9% |
| Worst month | −20.5% | −20.5% | −20.5% | −22.5% |
| Best 12 months | +67.7% | +67.7% | +78.9% | +78.9% |
| Worst 12 months | −22.2% | −53.2% | −53.2% | −53.2% |
| Positive months | 50% | 45% | 53% | 54% |
| Beta vs S&P 500 | 0.78 | 0.62 | 0.71 | — |
| Correlation with S&P 500 | 0.31 | 0.29 | 0.37 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CQQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 191 | −53.2% | +8.0% | +78.9% | 57% |
| 3-year (a year) | 167 | −32.3% | +8.6% | +27.5% | 75% |
| 5-year (a year) | 143 | −11.2% | +5.7% | +25.5% | 64% |
| 10-year (a year) | 83 | −1.4% | +6.5% | +14.1% | 93% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
CQQQ performance overview
Invesco China Technology ETF (CQQQ) returned −25.5% over the past year and +0.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +3.8% a year, turning $10,000 into about $18,868. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −74.0%, from Feb 16, 2021 to Feb 2, 2024; the fund has not yet regained that high. CQQQ finished 9 of its 16 full calendar years with a gain; the best year was 2017 (+74.3%) and the worst 2018 (−34.8%). Volatility has been 28.4% a year.
Related: CQQQ chart, CQQQ holdings, CQQQ dividends. See the CQQQ overview for the latest quote and fund facts.
CQQQ performance FAQ
What is the CQQQ return over the past year?
CQQQ returned −25.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 27.1%.
What is the average annual return of CQQQ?
CQQQ has returned −10.4% a year over 5 years, +0.5% a year over 10 years, +3.8% a year since December 8, 2009 (total return, distributions reinvested).
How much would $10,000 invested in CQQQ be worth?
$10,000 invested in CQQQ at its first recorded close on December 8, 2009 would be worth about $18,868 on October 23, 2026 with distributions reinvested.
What was the worst year for CQQQ?
The worst calendar year was 2018, with a total return of −34.8%. The best was 2017 at +74.3%.
What is the biggest drawdown of CQQQ?
The largest peak-to-trough decline was −74.0% between February 16, 2021 and February 2, 2024. It has not yet recovered to that high; it is 61.6% below its peak.
How volatile is CQQQ?
Over the past 3 years CQQQ had an annualized volatility of 30.9% and a Sharpe ratio of 0.27 (excess return over 1–3 month T-bills per unit of risk).