CNQQvsMCHETF Comparison
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Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) belongs to the EM Awakening segment. Matthews China Active ETF (MCH) is part of the China Blended Cap segment. CNQQ's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, MCH's top sector exposures are Finance, Technology and Industrials. CNQQ is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.79% for MCH. CNQQ is down -2.27% year-to-date (YTD) with +$35M in YTD flows. MCH performs better with -0.93% YTD performance, and -$580K in YTD flows. Run a side-by-side ETF comparison of CNQQ and MCH below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CNQQ vs MCH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CNQQ MCH | -3.01%-0.89% | -13.05%-4.85% | -2.27%-0.93% | n/a+0.64% | n/a+36.02% | n/an/a |
| Flows | CNQQ MCH | --$580K | +$21M-$580K | +$35M-$580K | --$1M | --$13M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CNQQ MCH | +33.95%+25.47% | n/a+22.77% | n/a+25.44% | n/an/a |
| Max drawdown | CNQQ MCH | -14.98%-9.58% | n/a-15.02% | n/a-23.38% | n/an/a |
| Max drawdown duration | CNQQ MCH | 65d73d | n/a217d | n/a309d | n/an/a |
Trading data
CNQQ | MCH | |
Last sale 9/4/2026 at 1:30 PM | $22.73 | $28.55 |
| Previous close 09/03/2026 | $22.67 | $28.38 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MCH
is actively managed and doesn’t replicate an indexCNQQ | MCH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
CNQQ | MCH | |
|---|---|---|
| Last price | $22.73 | $28.55 |
| 1D performance | +0.29% | +0.60% |
| AuM | $45.77 M | $21.93 M |
| E/R | 0.75% | 0.79% |
Characteristics
CNQQ | MCH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Rayliant Asset Management | Matthews Asia |
| Benchmark | Solactive ChinaAMC Transformative China Tech Index | - |
| N° of holdings | 100 | 52 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2025 | July 13, 2022 |
| ESG | No | No |
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Exposure
Countries
CNQQ
China
99.23%
Other
0.77%
MCH
China
89.12%
Other
10.88%
Sectors
CNQQ
Technology
56%
Industrials
14.04%
Consumer Non-Cycl.
10.48%
Other
19.47%
MCH
Finance
27.26%
Technology
26.59%
Industrials
12.03%
Consumer Non-Cycl.
8.75%
Non-Energy Materi.
7.52%
Other
17.86%
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Diversification
CNQQ
Total weight of top 15 holdings out of 15
55.33%
MCH
Total weight of top 15 holdings out of 15
56.79%
Top 15 holdings
Data as of July 31, 2026
CNQQ
Alibaba Group Holding Ltd.
8.98%
Tencent Holdings Ltd.
8.81%
Contemporary Amperex Technology Co., Ltd.
6.64%
Zhongji Innolight Co., Ltd.
6.00%
Meituan
3.47%
Xiaomi Corp.
3.44%
Cambricon Technologies Corp. Ltd.
2.64%
NetEase, Inc.
2.50%
Eoptolink Technology Inc., Ltd.
2.03%
NAURA Technology Group Co., Ltd.
2.03%
Hygon Information Technology Co., Ltd.
1.84%
Advanced Micro Fabrication Equipment, Inc. China
1.82%
GigaDevice Semiconductor, Inc.
1.78%
BYD Co., Ltd.
1.77%
Montage Technology Co., Ltd.
1.58%
MCH
Tencent Holdings Ltd.
13.52%
Alibaba Group Holding Ltd.
6.64%
Meituan
4.73%
Ping An Insurance (Group) Co. of China Ltd.
3.21%
China International Capital Corp. Ltd.
3.03%
China Life Insurance Co. Ltd.
2.96%
Zijin Mining Group Co., Ltd.
2.84%
JD.com, Inc.
2.80%
China Merchants Bank Co., Ltd.
2.78%
China Construction Bank Corp.
2.74%
Jiangsu Zhongtian Technology Co., Ltd.
2.68%
Contemporary Amperex Technology Co., Ltd.
2.31%
China Merchants Securities Co., Ltd.
2.25%
New China Life Insurance Co., Ltd.
2.17%
PDD Holdings, Inc.
2.12%
Frequently asked questions about CNQQ and MCH
How have the CNQQ and MCH ETFs performed in 2026?
As of September 3, 2026, CNQQ is down -2.27% year-to-date (YTD), while MCH has lost -0.93%. That puts MCH better performer ahead so far this year.
Which ETF is attracting more investor money: CNQQ or MCH?
Year-to-date, the CNQQ ETF saw +$35M in flows, compared to -$580K for MCH.
Which ETF is bigger: CNQQ or MCH?
As of September 3, 2026, CNQQ holds $45.77 M in assets under management (AUM), while MCH manages $21.93 M.
What sectors do the CNQQ and MCH ETFs invest in?
CNQQ leans toward sectors like Technology, Industrials and Consumer Non-Cyclicals. Meanwhile, MCH focuses on Finance, Technology and Industrials.
What are the top holdings of the CNQQ ETF and MCH ETF?
CNQQ top holdings include Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Contemporary Amperex Technology Co., Ltd.. MCH holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan.
Which ETF is more diversified: CNQQ or MCH?
CNQQ holds 100 securities with 55.33% of its assets in the top 15. MCH has 53 securities and a top 15 weight of 56.79%.
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Latest news about CNQQ & MCH
Andrew Mattock - Matthews China Active ETF (MCH)
March 15, 2023
MCH
Exploring fresh dividend investing strategies and foreign stocks
September 17, 2022
MCH
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