CQQQvsMCHETF Comparison
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Invesco China Technology ETF (CQQQ) and Matthews China Active ETF (MCH) belong to the same industry segment: China Blended Cap. CQQQ's top 3 sector exposures are Technology, Consumer Services and Consumer Non-Cyclicals. In contrast, MCH's top sector exposures are Finance, Technology and Industrials. CQQQ is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.79% for MCH. CQQQ is down -11.41% year-to-date (YTD) with +$320M in YTD flows. MCH performs better with -3.54% YTD performance, and -$580K in YTD flows. Run a side-by-side ETF comparison of CQQQ 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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CQQQ vs MCH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CQQQ MCH | -10.80%-5.68% | -13.87%-8.37% | -11.41%-3.54% | -14.03%-6.15% | +23.73%+36.82% | -30.36%n/a |
| Flows | CQQQ MCH | -$162M-$580K | +$2M-$580K | +$320M-$580K | +$1.62B-$1M | +$2.19B-$13M | +$2.19B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CQQQ MCH | +29.91%+23.45% | +29.50%+22.54% | +29.58%+25.42% | +32.74%n/a |
| Max drawdown | CQQQ MCH | -19.19%-9.62% | -24.05%-15.02% | -27.20%-23.38% | -61.50%n/a |
| Max drawdown duration | CQQQ MCH | 77d85d | 344d229d | 375d309d | 1759dn/a |
Trading data
CQQQ | MCH | |
Last sale 9/16/2026 at 6:48 PM | $46.30 | $27.53 |
| Previous close 09/15/2026 | $46.11 | $27.71 |
| Consolidated volume 09/15/2026 | ||
| 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 indexCQQQ | MCH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 6:48 PM
Live
Closed
CQQQ | MCH | |
|---|---|---|
| Last price | $46.30 | $27.53 |
| 1D performance | +0.41% | -0.65% |
| AuM | $2.74 B | $21.35 M |
| E/R | 0.65% | 0.79% |
Characteristics
CQQQ | MCH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Matthews Asia |
| Benchmark | FTSE China Incl A 25% Technology Capped Index | - |
| N° of holdings | 174 | 52 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 8, 2009 | July 13, 2022 |
| ESG | No | No |
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Exposure
Countries
CQQQ
China
86.93%
Ireland
11.22%
Other
1.85%
MCH
China
88.38%
Other
11.62%
Sectors
CQQQ
Technology
63.97%
Consumer Services
12.58%
Consumer Non-Cycl.
11.22%
Other
12.22%
MCH
Finance
27.26%
Technology
26.59%
Industrials
12.03%
Non-Energy Materi.
9.27%
Consumer Non-Cycl.
8.75%
Other
16.11%
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Diversification
CQQQ
Total weight of top 15 holdings out of 15
64.9%
MCH
Total weight of top 15 holdings out of 15
56.79%
Top 15 holdings
Data as of July 31, 2026
CQQQ
Meituan
12.24%
PDD Holdings, Inc.
11.22%
Tencent Holdings Ltd.
10.36%
Baidu, Inc.
8.03%
Kuaishou Technology
4.88%
Hua Hong Grace Semiconductor Ltd.
3.50%
Cambricon Technologies Corp. Ltd.
2.10%
Hygon Information Technology Co., Ltd.
1.93%
Horizon Robotics
1.76%
SenseTime Group, Inc.
1.66%
Bilibili, Inc.
1.54%
NAURA Technology Group Co., Ltd.
1.50%
Sunny Optical Technology (Group) Co., Ltd.
1.46%
Tencent Music Entertainment Group
1.42%
Kingboard Laminates Holdings Ltd.
1.31%
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 CQQQ and MCH
How have the CQQQ and MCH ETFs performed in 2026?
As of September 15, 2026, CQQQ is down -11.41% year-to-date (YTD), while MCH has lost -3.54%. That puts MCH better performer ahead so far this year.
Which ETF is attracting more investor money: CQQQ or MCH?
Year-to-date, the CQQQ ETF saw +$320M in flows, compared to -$580K for MCH.
Which ETF is more volatile: CQQQ or MCH?
Over the past year, CQQQ had a volatility of 29.5%, while MCH experienced 22.54%.
Which ETF is bigger: CQQQ or MCH?
As of September 15, 2026, CQQQ holds $2.74 B in assets under management (AUM), while MCH manages $21.35 M.
What sectors do the CQQQ and MCH ETFs invest in?
CQQQ leans toward sectors like Technology, Consumer Services and Consumer Non-Cyclicals. Meanwhile, MCH focuses on Finance, Technology and Industrials.
What are the top holdings of the CQQQ ETF and MCH ETF?
CQQQ top holdings include Meituan, PDD Holdings, Inc. and Tencent Holdings Ltd.. MCH holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan.
Which ETF is more diversified: CQQQ or MCH?
CQQQ holds 180 securities with 64.9% 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 CQQQ & MCH
Bridging the Gap: Unpacking the Divergence Between Chinese and US Markets
February 19, 2024
CQQQ
China's Stock Market Struggles Amid Evergrande Crisis
February 5, 2024
CQQQ
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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