CQQQ vs AAXJ: Holdings Overlap
CQQQInvesco China Technology ETF
Invesco · 173 holdings · $3.2B · as of 2026-04-30
AAXJiShares MSCI All Country Asia ex Japan ETF
iShares · 916 holdings · $3.8B · as of 2026-04-30
How similar are CQQQ and AAXJ?
Invesco China Technology ETF (CQQQ, by Invesco) holds 173 positions; iShares MSCI All Country Asia ex Japan ETF (AAXJ, by iShares) holds 916. They have 58 holdings in common, and by portfolio weight the two funds are 6.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58CQQQ holds 173 · AAXJ holds 916
- Weight in Shared Holdings
- CQQQ 78%·AAXJ 7%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in CQQQ
115 of 173 positions (21.5% of the fund) are not held by AAXJ. Showing the top 30 by weight.
Only in AAXJ
858 of 916 positions (93.2% of the fund) are not held by CQQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | CQQQ | AAXJ |
|---|---|---|
| Information Technology | 28.3% | 39.6% |
| Communication Services | 23.3% | 6.4% |
| Consumer Discretionary | 17.1% | 8.1% |
| Financials | 0.0% | 13.9% |
| Industrials | 0.0% | 3.5% |
| Other Sectors | 0.0% | 8.1% |
| Unclassified | 31.3% | 20.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (31% of CQQQ, 20% of AAXJ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CQQQ | -1.6% | +2.1% | +13.8% | +8.9% | -4.9% | +4.7% | 2.12% |
| AAXJ | -0.6% | +22.4% | +35.6% | +20.9% | +7.3% | +8.9% | 1.36% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in CQQQ vs AAXJ →
Shared Holdings(58)
The top 10 shared positions account for 88% of the overlap, led by 700, PDD and 3690.
 700Tencent Holdings Ltd. | 8.41% | 3.70% | 3.70% |
|---|---|---|---|
 PDDPDD Holdings Inc. SPONSORED ADS | 8.48% | 0.67% | 0.67% |
 3690Meituan, B Shares | 8.59% | 0.51% | 0.51% |
 9888Baidu, Inc., A Shares | 6.85% | 0.33% | 0.33% |
 1024Kuaishou Technology | 4.28% | 0.14% | 0.14% |
 1347Hua Hong Semiconductor Ltd. | 3.63% | 0.11% | 0.11% |
 20SenseTime Group Inc., B Shares | 2.58% | 0.07% | 0.07% |
 688256Cambricon Technologies Corp. Ltd. | 2.59% | 0.07% | 0.07% |
 688041Hygon Information Technology Co., Ltd., A Shares | 2.50% | 0.06% | 0.06% |
 9698GDS Holdings Ltd., A Shares | 1.52% | 0.06% | 0.06% |
 2382Sunny Optical Technology (Group) Co. Ltd. | 1.91% | 0.06% | 0.06% |
 9626Bilibili Inc., Z Shares | 2.20% | 0.05% | 0.05% |
 TMETencent Music Entertainment Group, ADR | 1.58% | 0.05% | 0.05% |
 9660Horizon Robotics | 2.98% | 0.05% | 0.05% |
 002371NAURA Technology Group Co., Ltd., A Shares | 1.39% | 0.04% | 0.04% |
 268Kingdee International Software Group Co. Ltd. | 1.10% | 0.03% | 0.03% |
 3888Kingsoft Corp. Ltd. | 1.03% | 0.03% | 0.03% |
 300476Victory Giant Technology (HuiZhou) Co., Ltd. | 1.03% | 0.03% | 0.03% |
 688008Montage Technology Co., Ltd., A Shares | 0.72% | 0.02% | 0.02% |
 300408Chaozhou Three-Circle (Group) Co., Ltd., A Shares | 0.59% | 0.02% | 0.02% |
 002916Shennan Circuits Co., Ltd., A Shares | 0.75% | 0.02% | 0.02% |
 600183Shengyi Technology Co., Ltd., A Shares | 0.67% | 0.02% | 0.02% |
 1357Meitu, Inc. | 0.64% | 0.02% | 0.02% |
 688012Advanced Micro-Fabrication Equipment Inc., A Shares | 0.85% | 0.02% | 0.02% |
 603986GigaDevice Semiconductor Inc., A Shares | 0.75% | 0.02% | 0.02% |
Frequently Asked Questions
How much do CQQQ and AAXJ overlap?
CQQQ and AAXJ overlap by 6.5% of portfolio weight. They share 58 holdings (CQQQ holds 173 positions and AAXJ holds 916), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CQQQ and AAXJ?
The two portfolios are 6.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of CQQQ and AAXJ?
The largest positions held by both funds are 700, PDD, 3690, 9888 and 1024. Together the top 10 shared positions account for 88% of the total overlap.
What does CQQQ own that AAXJ doesn't?
115 positions (21.5% of CQQQ) are unique to CQQQ, led by 1888, 2577 and 301308. In the other direction, 858 positions (93.2% of AAXJ) are unique to AAXJ.