ETF Evaluator:
Invesco China Technology ETF (CQQQ)
Follow This ETF
(as of Jul 31)
Best Performing in Greater China Region Over the Last Year
| 131.8% | KraneShares SSE STAR Market 50 ETF (KSTR) |
| 116.9% | VanEck ChiNext Innovators ETF (CNXT) |
| 103.9% | Franklin FTSE Taiwan ETF (FLTW) |
| 98.9% | iShares MSCI Taiwan ETF (EWT) |
| 85.9% | Matthews China Innovators Active ETF (MCHS) |
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ETF Details
Invesco China Technology ETF Overview
Invesco China Technology ETF (CQQQ) is a passively managed International Equity Greater China Region exchange-traded fund (ETF). Invesco launched the ETF in 2009.
The investment seeks to track the investment results (before fees and expenses) of the FTSE China Incl A 25% Technology Capped Index.
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains, and calculates the underlying index. The underlying index may include China A-Shares, B Shares, H Shares, N Shares, Red Chips, P Chips and S Chips. The fund is non-diversified.
About Invesco China Technology ETF (CQQQ)
There are 4 members of the management team with an average tenure of 5.70 years: Peter Hubbard (2018), Michael Jeanette (2018), Pratik Doshi (2020) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI China NR USD index with a weighting of 100% and FTSE China Incl A 25% Tech Capped NR USD index with a weighting of 100%. Invesco China Technology ETF has 186 securities in its portfolio. The top 10 holdings constitute 51.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco China Technology ETF is part of the Equity global asset class and is within the International Equity ETF group. Invesco China Technology ETF has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 100.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco China Technology ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CQQQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco China Technology ETF expense ratio is above average compared to funds in the Greater China Region category. Invesco China Technology ETF has an expense ratio of 0.65%, which is 2% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco China Technology ETF has a portfolio turnover rate of 37%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Greater China Region category.
Recently, in the month of June 2026, Invesco China Technology ETF returned 7.7%, which earned it a grade of A, as the Greater China Region category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco China Technology ETF has a trailing yield of 1.97%, which is below the 3.30% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco China Technology ETF Grades
Year to date, the ETF has returned 9.6%, 3.5 percentage points better than the category, which translates into a grade of B. The fund has returned 32.3% over the past year (grade of B), 14.1% over the past three years (grade of B) and -6.9% per year over the past five years (grade of D) and 6.2% per year over the past 10 years (grade of C).
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CQQQ Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CQQQ Return (NAV) | 7.7% | 25.3% | 32.3% | 14.1% | -6.9% | 6.2% |
| CQQQ Return (Price) | 8.0% | 23.9% | 31.7% | 14.0% | -6.9% | 6.2% |
| NAV +/- Price Return | -0.263% | 1.405% | 0.605% | 0.069% | 0.056% | 0.013% |
| Greater China Region Avg | -1.6% | 9.3% | 25.1% | 12.4% | -3.2% | 5.6% |
| CQQQ Grade (NAV) | A | B | B | B | D | C |
| +/- Category (NAV) | 9.3% | 16.1% | 7.2% | 1.6% | -3.7% | 0.6% |
| CQQQ Tax-Cost Ratio | na | na | 0.9% | 0.4% | 0.2% | 0.3% |
CQQQ Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CQQQ Return (NAV) | 9.6% | 33.7% | 11.2% | -17.0% | -29.7% | -25.1% | 58.3% | 32.5% | -34.2% | 72.6% | -0.0% |
| CQQQ Return (Price) | 9.7% | 34.9% | 9.8% | -16.7% | -30.1% | -24.5% | 57.3% | 33.6% | -34.8% | 74.3% | -0.4% |
| NAV +/- Price Ret | 0.007% | 0.038% | -0.125% | -0.015% | 0.012% | -0.024% | -0.017% | 3.4% | 1.6% | 2.4% | 817.7% |
| Greater China Region Avg | 6.2% | 30.4% | 11.2% | -10.5% | -25.1% | -7.2% | 42.8% | 26.9% | -22.9% | 45.1% | -6.2% |
| CQQQ Grade (NAV) | B | B | C | D | F | F | B | C | F | A | B |
| +/- Category | 3.5% | 3.2% | 0.1% | -6.5% | -4.7% | -17.9% | 15.6% | 5.5% | -11.3% | 27.5% | 6.2% |
| Risk Measures | |
| Beta: | 1.06 |
| R-Squared: | 21% |
| Standard Deviation: | 32.2% |
| Category Risk Index: | 1.25 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.65 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 2.0% |
| Total Assets: | $ 3,418 Mil |
| Share Class Assets: | $ 3,418 Mil |
| Turnover: | 37.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | MSCI China NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.2 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Hubbard Peter (2018), Jeanette Michael (2018), Doshi Pratik (2020), Syed Faiz (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 186 |
| % in Top 10 Holdings: | 51.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | December 8, 2009 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.67% |
