KCAIvsCQQQETF Comparison
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KraneShares China Alpha Index ETF (KCAI) and Invesco China Technology ETF (CQQQ) belong to the same industry segment: China Blended Cap. KCAI's top 3 sector exposures are Financials, Industrials and Materials. In contrast, CQQQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. KCAI is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.65% for CQQQ. KCAI is up 7% year-to-date (YTD) with +$3M in YTD flows. CQQQ performs worse with -5.35% YTD performance, and +$14M in YTD flows. Run a side-by-side ETF comparison of KCAI and CQQQ 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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KCAI vs CQQQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KCAI CQQQ | +3.33%+9.68% | +7.17%-14.59% | +7.00%-5.35% | +64.82%+22.06% | n/a+21.30% | n/a-39.80% |
| Flows | KCAI CQQQ | --$31M | +$3M-$54M | +$3M+$14M | -$2M+$1.74B | -+$1.88B | -+$2.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KCAI CQQQ | +14.54%+28.69% | +13.36%+26.75% | n/a+28.78% | n/a+32.70% |
| Max drawdown | KCAI CQQQ | -4.37%-22.41% | -4.37%-24.05% | n/a-35.95% | n/a-67.09% |
| Max drawdown duration | KCAI CQQQ | 32d90d | 32d204d | n/a470d | n/a1765d |
Trading data
KCAI | CQQQ | |
Last sale 4/28/2026 at 1:30 PM | $32.45 | $49.12 |
| Previous close 04/28/2026 | $32.43 | $49.37 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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KCAI | CQQQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
KCAI | CQQQ | |
|---|---|---|
| Last price | $32.45 | $49.12 |
| 1D performance | +0.05% | -0.52% |
| AuM | $11.40 M | $2.66 B |
| E/R | 0.79% | 0.65% |
Characteristics
KCAI | CQQQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | Invesco |
| Benchmark | Qi China Alpha Index | FTSE China Incl A 25% Technology Capped Index |
| N° of holdings | 40 | 145 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | December 8, 2009 |
| ESG | No | No |
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Exposure
Countries
KCAI
China
99.77%
Other
0.23%
CQQQ
Cayman Islands
47.52%
China
37.29%
USA
12.31%
Other
2.88%
Sectors
KCAI
Financials
41.38%
Industrials
21.31%
Materials
14.32%
Information Techn.
12.29%
Consumer Discreti.
10.47%
Other
0.23%
CQQQ
Information Techn.
37.91%
Communication Ser.
28.66%
Consumer Discreti.
19.81%
Other
13.62%
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Diversification
KCAI
Total weight of top 15 holdings out of 15
48.47%
CQQQ
Total weight of top 15 holdings out of 15
61.74%
Top 15 holdings
Data as of March 31, 2026
KCAI
EOPTOLINK TECHNOLOGY INC
3.43%
SATELLITE CHEMICAL CO LTD
3.43%
BANK OF CHINA
3.34%
CONSTR BANK
3.34%
ICBC
3.31%
HUA XIA BANK
3.28%
NINGXIA BAOFENG ENERGY GROUP CO LTD
3.28%
BANK OF COMM
3.21%
PUDONG DEV
3.19%
BANK OF JIANGSU CO LTD-A
3.17%
DAQIN RAILWAY
3.15%
AGRI BANK OF CN
3.11%
BEIJING BANK
3.08%
BANK OF SHANGHAI CO LTD
3.08%
ZHONGJI INNOLIGHT
3.07%
CQQQ
MEITUAN
9.80%
TENCENT HOLDINGS
9.63%
PINDUODUO INC ADR
9.49%
BAIDU
6.60%
KUAISHOU TECHNOLOGY
4.97%
KYG4602S1057
3.03%
HUA HONG SEMICONDUCTOR
2.88%
SENSETIME GROUP INC
2.65%
BILIBILI
2.51%
CNE100005PT2
2.00%
TENCENT MUSIC ENTERTAINMENT GROUP ADR
1.82%
SUNNY OPTICAL TECHNOLOGY
1.75%
CAMBRICON TECHNOLOGIES CORP LTD
1.68%
GDS HOLDINGS
1.64%
NAURA TECHNOLOGY GROUP CO LTD
1.28%
Frequently asked questions about KCAI and CQQQ
How have the KCAI and CQQQ ETFs performed in 2026?
As of April 27, 2026, KCAI is up 7% year-to-date (YTD), while CQQQ has lost -5.35%. That puts KCAI better performer ahead so far this year.
Which ETF is attracting more investor money: KCAI or CQQQ?
Year-to-date, the KCAI ETF saw +$3M in flows, compared to +$14M for CQQQ.
Which ETF is more volatile: KCAI or CQQQ?
Over the past year, KCAI had a volatility of 13.36%, while CQQQ experienced 26.75%.
Which ETF is bigger: KCAI or CQQQ?
As of April 27, 2026, KCAI holds $11.40 M in assets under management (AUM), while CQQQ manages $2.66 B.
What sectors do the KCAI and CQQQ ETFs invest in?
KCAI leans toward sectors like Financials, Industrials and Materials. Meanwhile, CQQQ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the KCAI ETF and CQQQ ETF?
KCAI top holdings include EOPTOLINK TECHNOLOGY INC, SATELLITE CHEMICAL CO LTD and BANK OF CHINA. CQQQ holds in its top three: MEITUAN, TENCENT HOLDINGS and PINDUODUO INC ADR.
Which ETF is more diversified: KCAI or CQQQ?
KCAI holds 40 securities with 48.47% of its assets in the top 15. CQQQ has 173 securities and a top 15 weight of 61.74%.
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Latest news about KCAI & CQQQ
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
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