MCHSvsCQQQETF Comparison
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Matthews China Innovators Active ETF (MCHS) and Invesco China Technology ETF (CQQQ) belong to the same industry segment: China Blended Cap. MCHS's top 3 sector exposures are Technology, Industrials and Healthcare. In contrast, CQQQ's top sector exposures are Technology, Consumer Non-Cyclicals and Consumer Services. MCHS is more expensive with a Total Expense Ratio (TER) of 0.99%, versus 0.65% for CQQQ. MCHS is up 12.94% year-to-date (YTD) with +$15M in YTD flows. CQQQ performs worse with -20.78% YTD performance, and -$79M in YTD flows. Run a side-by-side ETF comparison of MCHS 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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MCHS vs CQQQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MCHS CQQQ | -7.62%-10.77% | -15.21%-22.40% | +12.94%-20.78% | +12.22%-23.45% | n/a+17.91% | n/a-38.56% |
| Flows | MCHS CQQQ | -$3M-$398M | -$3M-$420M | +$15M-$79M | +$15M-$26M | -+$1.83B | -+$1.81B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MCHS CQQQ | +26.07%+25.53% | +29.55%+28.29% | n/a+29.67% | n/a+32.70% |
| Max drawdown | MCHS CQQQ | -16.66%-22.40% | -29.74%-29.43% | n/a-30.02% | n/a-61.50% |
| Max drawdown duration | MCHS CQQQ | 60d92d | 108d277d | n/a375d | n/a1790d |
Trading data
MCHS | CQQQ | |
Last sale 10/16/2026 at 1:30 PM | $36.43 | $41.09 |
| Previous close 10/15/2026 | $36.70 | $41.98 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MCHS
is actively managed and doesn’t replicate an indexMCHS | 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 10/16/2026 at 1:30 PM
Live
Closed
MCHS | CQQQ | |
|---|---|---|
| Last price | $36.43 | $41.09 |
| 1D performance | -0.74% | -2.12% |
| AuM | $14.69 M | $2.07 B |
| E/R | 0.99% | 0.65% |
Characteristics
MCHS | CQQQ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | Invesco |
| Benchmark | - | FTSE China Incl A 25% Technology Capped Index |
| N° of holdings | 43 | 174 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 10, 2024 | December 8, 2009 |
| ESG | Yes | No |
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Exposure
Countries
MCHS
China
63.71%
Hong Kong
15.04%
Taiwan
10.72%
Other
10.53%
CQQQ
China
86.65%
Ireland
10.9%
Other
2.45%
Sectors
MCHS
Technology
35.23%
Industrials
28.55%
Healthcare
7.45%
Consumer Non-Cycl.
7.42%
Other
21.35%
CQQQ
Technology
65.99%
Consumer Non-Cycl.
10.9%
Consumer Services
10.74%
Other
12.37%
Diversification
MCHS
Total weight of top 15 holdings out of 15
54.46%
CQQQ
Total weight of top 15 holdings out of 15
60.76%
Top 15 holdings
Data as of August 31, 2026
MCHS
Midea Group Co. Ltd.
5.57%
SITC International Holdings Co., Ltd.
5.39%
NetEase, Inc.
4.48%
Beijing Huafeng Test & Control Technology Co., Ltd.
4.17%
Neway Valve (Suzhou) Co., Ltd.
4.01%
Contemporary Amperex Technology Co., Ltd.
3.97%
Luckin Coffee, Inc.
3.79%
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.
3.52%
Atour Lifestyle Holdings Ltd.
3.21%
Acter Technology Integration Group Co., Ltd.
2.93%
Lenovo Group Ltd.
2.87%
Wasion Holdings Ltd.
2.74%
Wuxi NCE Power Co., Ltd.
2.63%
Sany Heavy Equipment International Holdings Co., Ltd.
2.61%
Minth Group Ltd.
2.60%
CQQQ
PDD Holdings, Inc.
10.90%
Meituan
10.38%
Tencent Holdings Ltd.
10.11%
Baidu, Inc.
7.54%
Kuaishou Technology
3.86%
Hua Hong Grace Semiconductor Ltd.
3.26%
Cambricon Technologies Corp. Ltd.
1.99%
Kingboard Laminates Holdings Ltd.
1.89%
Hygon Information Technology Co., Ltd.
1.73%
SenseTime Group, Inc.
1.67%
Horizon Robotics
1.61%
NAURA Technology Group Co., Ltd.
1.58%
Sunny Optical Technology (Group) Co., Ltd.
1.56%
Bilibili, Inc.
1.41%
Tencent Music Entertainment Group
1.28%
Frequently asked questions about MCHS and CQQQ
How have the MCHS and CQQQ ETFs performed in 2026?
As of October 16, 2026, MCHS is up 12.94% year-to-date (YTD), while CQQQ has lost -20.78%. That puts MCHS better performer ahead so far this year.
Which ETF is attracting more investor money: MCHS or CQQQ?
Year-to-date, the MCHS ETF saw +$15M in flows, compared to -$79M for CQQQ.
Which ETF is more volatile: MCHS or CQQQ?
Over the past year, MCHS had a volatility of 29.55%, while CQQQ experienced 28.29%.
Which ETF is bigger: MCHS or CQQQ?
As of October 16, 2026, MCHS holds $14.69 M in assets under management (AUM), while CQQQ manages $2.07 B.
What sectors do the MCHS and CQQQ ETFs invest in?
MCHS leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, CQQQ focuses on Technology, Consumer Non-Cyclicals and Consumer Services.
What are the top holdings of the MCHS ETF and CQQQ ETF?
MCHS top holdings include Midea Group Co. Ltd., SITC International Holdings Co., Ltd. and NetEase, Inc.. CQQQ holds in its top three: PDD Holdings, Inc., Meituan and Tencent Holdings Ltd..
Which ETF is more diversified: MCHS or CQQQ?
MCHS holds 44 securities with 54.46% of its assets in the top 15. CQQQ has 180 securities and a top 15 weight of 60.76%.
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Latest news about MCHS & 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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