CQQQ vs FLCH

CQQQCInvesco China Technology ETF

FLCHAFranklin FTSE China ETF

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.

FLCH Cheap and wide, in the best way. FLCH holds roughly a thousand Chinese stocks and charges 0.19% a year, a fraction of what most single-country China funds ask. Whole market, small toll.

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.

FLCH The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE China RIC Capped 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.

• FLCH 0.19% a year, against a roughly 0.70% median for China funds. It also undercuts the category stalwarts MCHI and GXC, both at 0.59%.
• About 1,000 holdings, so you own the long tail of Chinese listings rather than a short list of mega-cap headline names.
• One job, done tightly: mirror the FTSE China RIC Capped Index before fees. On tracking it ranks among the strongest builds in its China peer group.sec.gov

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.

• FLCH It is China or nothing. Policy shifts, regulatory news and the currency drive the ride, with no other market in the basket to cushion it.
• Mid-sized and only moderately traded next to the category's giants, so bid-ask spreads can bite more on larger orders.
• Cash comes once or twice a year, not monthly. This is an equity index vehicle, not an income schedule.

Full CQQQ profile⁠

Full FLCH profile⁠