CQQQ vs MCHI: Holdings Overlap
CQQQInvesco China Technology ETF
Invesco · 173 holdings · $3.2B · as of 2026-04-30
iShares · 580 holdings · $6.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (CQQQ: 2026-04-30, MCHI: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are CQQQ and MCHI?
Invesco China Technology ETF (CQQQ, by Invesco) holds 173 positions; iShares MSCI China ETF (MCHI, by iShares) holds 580. They have 95 holdings in common, and by portfolio weight the two funds are 20.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 95CQQQ holds 173 · MCHI holds 580
- Weight in Shared Holdings
- CQQQ 88%·MCHI 25%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
78 of 173 positions (12.1% of the fund) are not held by MCHI. Showing the top 30 by weight.
Only in MCHI
485 of 580 positions (74.7% of the fund) are not held by CQQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | CQQQ | MCHI |
|---|---|---|
| Information Technology | 28.3% | 7.8% |
| Communication Services | 23.3% | 17.2% |
| Consumer Discretionary | 17.1% | 21.1% |
| Financials | 0.0% | 14.8% |
| Energy | 0.0% | 2.6% |
| Other Sectors | 0.0% | 7.6% |
| Unclassified | 31.3% | 28.5% |
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, 29% of MCHI).
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% |
| MCHI | +9.3% | -5.2% | -1.0% | +8.7% | -2.2% | +4.3% | 1.94% |
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 MCHI →
Shared Holdings(95)
The top 10 shared positions account for 80% of the overlap, led by 700, PDD and 3690.
 700Tencent Holdings Ltd. | 8.41% | 13.21% | 8.41% |
|---|---|---|---|
 PDDPDD Holdings Inc. SPONSORED ADS | 8.48% | 2.28% | 2.28% |
 3690Meituan, B Shares | 8.59% | 1.84% | 1.84% |
 9888Baidu, Inc., A Shares | 6.85% | 1.44% | 1.44% |
 1347Hua Hong Semiconductor Ltd. | 3.63% | 0.58% | 0.58% |
 1024Kuaishou Technology | 4.28% | 0.57% | 0.57% |
 688256Cambricon Technologies Corp. Ltd. | 2.59% | 0.28% | 0.28% |
 2382Sunny Optical Technology (Group) Co. Ltd. | 1.91% | 0.28% | 0.28% |
 688041Hygon Information Technology Co., Ltd., A Shares | 2.50% | 0.24% | 0.24% |
 20SenseTime Group Inc., B Shares | 2.58% | 0.23% | 0.23% |
 TMETencent Music Entertainment Group, ADR | 1.58% | 0.20% | 0.20% |
 9698GDS Holdings Ltd., A Shares | 1.52% | 0.19% | 0.19% |
 9626Bilibili Inc., Z Shares | 2.20% | 0.17% | 0.17% |
 002371NAURA Technology Group Co., Ltd., A Shares | 1.39% | 0.16% | 0.16% |
 9660Horizon Robotics | 2.98% | 0.13% | 0.13% |
 600183Shengyi Technology Co., Ltd., A Shares | 0.67% | 0.12% | 0.12% |
 603986GigaDevice Semiconductor Inc., A Shares | 0.75% | 0.11% | 0.11% |
 300476Victory Giant Technology (HuiZhou) Co., Ltd. | 1.03% | 0.11% | 0.11% |
 3888Kingsoft Corp. Ltd. | 1.03% | 0.11% | 0.11% |
 268Kingdee International Software Group Co. Ltd. | 1.10% | 0.11% | 0.11% |
 002916Shennan Circuits Co., Ltd., A Shares | 0.75% | 0.10% | 0.10% |
 688008Montage Technology Co., Ltd., A Shares | 0.72% | 0.09% | 0.09% |
 002463WUS Printed Circuit (Kunshan) Co., Ltd., A Shares | 0.71% | 0.09% | 0.09% |
 300408Chaozhou Three-Circle (Group) Co., Ltd., A Shares | 0.59% | 0.08% | 0.08% |
 002938Avary Holding (Shenzhen) Co., Ltd., A Shares | 0.60% | 0.08% | 0.08% |
Frequently Asked Questions
How much do CQQQ and MCHI overlap?
CQQQ and MCHI overlap by 20.1% of portfolio weight. They share 95 holdings (CQQQ holds 173 positions and MCHI holds 580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CQQQ and MCHI?
The two portfolios are 20.1% 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 MCHI?
The largest positions held by both funds are 700, PDD, 3690, 9888 and 1347. Together the top 10 shared positions account for 80% of the total overlap.
What does CQQQ own that MCHI doesn't?
78 positions (12.1% of CQQQ) are unique to CQQQ, led by 1888, 2577 and JOYY. In the other direction, 485 positions (74.7% of MCHI) are unique to MCHI.