CQQQ vs CXSE

CQQQCInvesco China Technology ETF

CXSEAWisdomTree China ex-State-Owned Enterprises Fund

In short

CQQQ The tech sector, minus Silicon Valley. Trading since 2009, CQQQ tracks a FTSE index of Chinese technology companies, roughly 180 of them, instead of the US megacaps that fill almost every other tech fund.

CXSE CXSE tracks an index that screens state-owned enterprises out of China, leaving the privately run companies. A tilt toward entrepreneurs rather than Beijing's balance sheet, at a fee well under the typical China fund.

Stated mandate

CQQQ The Fund seeks to track, before fees and expenses, the investment results of the FTSE China Incl A 25% Technology Capped Index.

CXSE The Fund seeks to track, before fees and expenses, the price and yield performance of the WisdomTree China ex-State-Owned Enterprises Index.

Why people hold it

• CQQQ One of the original US-listed ways to own Chinese tech as a standalone sleeve: launched in 2009, now a multi-billion-dollar fund that trades actively.
• Roughly 180 holdings spread across the sector, and the index reaches into mainland A-shares, not just the offshore-listed Chinese names most investors already know.
• Undiluted by design: the mandate is Chinese technology only, so the exposure isn't watered down the way it is inside a global tech or broad emerging-markets fund.

• CXSE The whole design is one screen: state-controlled companies out, privately run ones in, about 200 of them. Not a broad China index with a tweak.
• 0.32% a year, well under half the 0.70% median for single-country China funds.
• Trading since 2012, and one of the tighter, more faithful builds in a crowded China cohort.

Worth knowing

• CQQQ The 0.65% fee sits above the 0.40% median in its broad tech peer group, and well above index giants like VGT and XLK. That is the toll for a harder-to-reach market.
• One country, one sector. Beijing policy shifts, currency moves and listing rules land on this portfolio much more directly than on a US-centric tech fund.
• Cash comes once or twice a year, not monthly or quarterly. This is a growth-sector vehicle, not an income one.

• CXSE Thinly traded next to China heavyweights like MCHI and GXC, so limit orders matter more here.
• One country, about 200 stocks, and none of the state-backed heavyweights as ballast. Swings run bigger than a diversified global fund's.
• Cheap for the group, not the cheapest: FLCH (0.19%) and JCHI (0.15%) undercut it with different mandates.

Full CQQQ profile⁠

Full CXSE profile⁠