Data as of Oct 28, 2026.

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FXI vs QQQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FXI returned −19.1% to QQQ's +15.2%; 0% of their weight is in the same names.

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Net assets: $3.7bn on Oct 28, 2026 for iShares China Large-Cap ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.

At a glance
−19.1%
FXI total return, 1 year
+15.2%
QQQ total return, 1 year
0.73%
FXI expense ratio
0.18%
QQQ expense ratio

Pair scorecard

QQQ costs 0.55 points a year less; their one-year returns differ by 34.3 points; QQQ is far larger, $476.7bn against $3.7bn.

FXI vs QQQ: Differences, Returns & Fees
MeasureFXIQQQ
Return
Total return, 1 year−19.1%+15.2%
Drawdown
Below its high32.7%, high on Feb 17, 20214.5%, high on Oct 6, 2026
Benchmark
What it tracksFTSE China 50 IndexNasdaq-100 Index
Cost and size
Expense ratio0.73%0.18%
Net assets, as of Oct 26, 2026$3.7bn$476.7bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund58.4%46.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 15, 2004 to Oct 23, 2026 · 1,149 weekly returns
FXI QQQ
Return
Total return edge QQQ +196.5% +2,244.7%
Annualized edge QQQ +5.0% +15.3%
Price return edge QQQ +85.0% +1,877.0%
Risk
Volatility edge QQQ 27.3% 19.8%
Max drawdown edge QQQ −68.2% −51.4%
Risk-adjusted
Sharpe edge QQQ 0.25 0.73
Sortino edge QQQ 0.36 1.07
Calmar edge QQQ 0.07 0.30
Reading

QQQ returned more: +2,244.7% to +196.5%. QQQ swung less: 19.8% to 27.3%. QQQ fell less at its worst: −51.4% to −68.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: FXI vs QQQ: Differences, Returns & Fees
MeasureFXIQQQEdgeHow it is measured
Return
Total return+196.5%+2,244.7%QQQPrice change plus distributions, reinvested.
Annualized+5.0%+15.3%QQQTotal return as a yearly rate.
Price return+85.0%+1,877.0%QQQPrice change alone, distributions left out.
Risk
Volatility27.3%19.8%QQQSpread of weekly returns, annualized. Lower is steadier.
Downside deviation18.8%13.5%QQQLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−68.2%−51.4%QQQDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.250.73QQQReturn above Treasury bills per unit of volatility.
Sortino0.361.07QQQReturn above Treasury bills per unit of downside deviation.
Calmar0.070.30QQQAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,149 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, FXI and QQQ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FXI QQQ
Only in one fund ↓
Only in FXI
CHINA CONSTRUCTION BANK CORP H 9.81%
ALIBABA GROUP HOLDING 8.63%
TENCENT HOLDINGS 8.60%
INDUSTRIAL AND COMMERCIAL BANK OF 6.69%
XIAOMI 4.86%
BANK OF CHINA LTD H 4.76%
MEITUAN 4.58%
NETEASE 3.85%
Only in QQQ
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.92%
Check overlap with more funds →

Side by side

FXI iShares China Large-Cap ETF QQQ Invesco QQQ Trust, Series 1
Where it sits Stock ETF Stock ETF
What it is Tracks an index of China Large-Cap Tracks the Nasdaq-100
Total return, 1 year −19.1% +15.2%
Its benchmark over the same days not measured +15.2% (QQQM)
Gap to its benchmark not measured 0.0 pts vs QQQM
Expense ratio 0.73% 0.18%
Already in the S&P 500 0.0% 95.7%
Holdings 51 103
Net assets, FXI as of Oct 28, 2026 and QQQ as of Oct 27, 2026 $3.7bn $483.0bn

FXI and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-9A7B892CD0

FXI and QQQ do different jobs. What does each one do in a portfolio?

  1. What each follows. FXI follows FTSE China 50 Index and QQQ follows Nasdaq-100 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 FXI returned −19.1% and QQQ +15.2% with distributions reinvested, a gap of 34.3 points.

Data as of Oct 28, 2026.

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About each fund
FXI

FXI tracks an index of China Large-Cap. Over the year to Oct 28, 2026 it returned −19.1% with distributions reinvested. The prospectus expense ratio is 0.73% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 51 positions, with the top ten at 58.4%. It sat 32.7% below its high of Feb 17, 2021 on Oct 28, 2026.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FXI or QQQ?
In the year to Oct 28, 2026, with distributions reinvested, FXI returned −19.1% and QQQ +15.2%.
Which is cheaper, FXI or QQQ?
QQQ is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FXI and QQQ overlap with the S&P 500?
By their latest filed holdings, 0% of FXI and 96% of QQQ by weight is stocks the S&P 500 already holds.
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ETFIQ, FXI against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/fxi-vs-qqq

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