CQQQ

Invesco China Technology ETF

Invesco China Technology ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the AlphaShares China Technology Index. The ETF holds technology stocks of all cap sizes. Its investments are focused in communication and technology companies. The ETF weights the holdings using market capitalization methodology.


Emerging Market

EQUITY

Passive

MANAGEMENT STYLE

70 bp

EXPENSES

$669.8 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGuggenheim
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateDec 08, 2009
Assets (mns)$670
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TENCENT HOLDINGS LTD 10.4 %
PINDUODUO, INC. SPONSORED ADR CLASS A 8.6 %
MEITUAN DIANPING 8.5 %
BAIDU, INC. CLASS A 7.6 %
KUAISHOU TECHNOLOGY CLASS B 5.8 %
BILIBILI, INC. CLASS Z 4.3 %
SUNNY OPTICAL TECH 3.4 %
KINGDEE INTERNATIONAL SFTWR 2.5 %
KINGSOFT CORP LTD 2.1 %
AUTOHOME, INC. SPONSORED ADR CLASS A 1.5 %
Constituent Breakdown
Number of holdings58
Herfindahl-Hirschman Index 1,188
Wgt avg mkt cap (mns)$75,856
Large cap (>$10bn)60.0%
Mid cap ($2-10bn)36.0%
Small cap (<$2bn)4.1%
Developed mkts.32.5%
Emerging mkts.67.5%
Country Exposure
CHINA 71.4 %
HONG KONG 1.0 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -7.8% -16.0% -18.7% -26.6% -5.9% -0.3% 2.7%
Volatility 32.1% 30.1% 34.2% 38.9% 36.1% 31.6% --
Market Correlations
versus...BetaR-squared
S&P 5000.507%
MSCI EAFE0.9522%
MSCI Emg Mkts1.5862%
Liquidity Measures
Avg. volume (000)134
Turnover0.7%
Avg. Bid/Ask (% of price)0.22%
ADV of underlying (mns)$4,126
Technical Indicators
Recent close$35.33
30d moving avg.$36.00
Annualized volatility35.4%
Relative strength (RSI)54
Short interest (ETF)2.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: CQQQ vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.4 14.4 1.7 0.6% --
Based on closing prices from 7/12/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CQQQ



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

CQQQ

-6.4%

Cat. Avg

7.1%

Fund Category: Emerging

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-6.4%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™ of 7.1% and a standard deviation of 3.7%. CQQQ's ALTAR Score™ is approximately 3.7 standard deviations below the category average. This places CQQQ in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
CQQQ
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Passive
Emerging Market Equity ETFs
# of ETFs 53
Avg. Expense Ratio 52.8 bp
Std. Deviation 23.2 bp
CQQQ (70 bp) Percentile rank 77
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CQQQ 70.0 21.5 91.5
Peer Avg. 56.1 21.3 77.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .