A side-by-side comparison of Invesco Golden Dragon China ETF (PGJ) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | PGJ | CNQQ |
|---|---|---|
| YTD Return | -7.97%✓ | -15.52% |
| 1-Day Change | -1.09% | -0.34%✓ |
| 1-Week Change | -1.45%✓ | -4.06% |
| 1-Month Change | -7.19% | -5.94%✓ |
| Current Price | $21.70 | $21.45 |
| AUM | $85M✓ | $45M |
| MER (Expense Ratio) | 0.7% | — |
| Dividend Yield | 3.26% | — |
| Distribution Frequency | NA | — |
| Inception Date | 2004-12-09 | 2025-09-24 |
| Holdings Count | 50 | 50 |
| MorningStar Rating | ★ | — |
| Category | Greater China Region | Greater China Region |
| Beta | 0.65 | 0.00 |
| 52-Week High | $33.56 | $26.78 |
| 52-Week Low | $21.55 | $21.18 |
| 50-Day MA | $23.73 | $23.20 |
| 200-Day MA | $26.16 | $23.76 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | PGJ | CNQQ |
|---|---|---|
| YTD | -7.97%✓ | -15.52% |
| 1 Year | -32.51% | -11.09%✓ |
| 3 Year | -3.08% | — |
| 5 Year | -10.03% | — |
| 10 Year | -2.49% | — |
| 1Y Volatility | 25.39% | — |
| Sharpe Ratio (3Y) | -0.14 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | BABA | Alibaba Group Holding Ltd | 8.10% |
| 2 | JD | JD.com Inc Adr | 7.98% |
| 3 | YUMC | Yum China Holdings Inc | 7.84% |
| 4 | NTES | NetEase Inc | 6.90% |
| 5 | BIDU | Baidu Inc | 6.04% |
| 6 | MAAS | Maase Inc. | 4.23% |
| 7 | EDU | New Oriental Education & Technology | 4.04% |
| 8 | YMM | Full Truck Alliance Co Ltd ADR | 4.04% |
| 9 | HTHT | Huazhu Group Ltd | 3.91% |
| 10 | VIPS | Vipshop Holdings Limited | 3.81% |
| 1 | 9988 | Alibaba Group Holding Ltd | 8.81% |
| 2 | 0700 | Tencent Holdings Ltd | 8.66% |
| 3 | 300308 | Shandong Zhongji Electrical Equipment Co Ltd | 5.89% |
| 4 | 300750 | Contemporary Amperex Technology Co Ltd Class A | 5.25% |
| 5 | 1810 | Xiaomi Corp | 3.26% |
| 6 | 3690 | Meituan | 2.86% |
| 7 | 688256 | Cambricon Technologies Corp Ltd | 2.72% |
| 8 | 9999 | NetEase Inc | 2.51% |
| 9 | 300502 | Eoptolink Technology Inc Ltd | 2.19% |
| 10 | 002371 | NAURA Technology Group Co Ltd | 2.02% |
Sector Weights
| Sector | PGJ | CNQQ |
|---|---|---|
| Basic Materials | 0.00% | 0.45% |
| Communication Services | 23.83% | 13.55% |
| Consumer Cyclicals | 42.89% | 19.02% |
| Consumer Defensive | 9.66% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 6.59% | 1.41% |
| Healthcare | 1.19% | 7.57% |
| Industrials | 2.60% | 11.71% |
| Real Estate | 2.71% | 0.00% |
| Technology | 10.52% | 46.29% |
| Utilities | 0.00% | 0.00% |
About PGJ
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of U.S. exchange-listed companies that are headquartered or incorporated in the People's Republic of China. The fund is non-diversified.
About CNQQ
The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index, as well as participatory notes that represent securities in the index. The underlying index will then select the top 300 eligible constituents based on their total market capitalization ranked in descending order. The fund is non-diversified.
Which ETF is Right for You?
Both PGJ and CNQQ are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PGJ scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between PGJ and CNQQ?
PGJ (Invesco Golden Dragon China ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both Canadian-listed ETFs. Key differences include their AUM ($85M vs $45M), dividend yield (3.26% vs N/A), and year-to-date performance (-7.97% vs -15.52%).
Is PGJ better than CNQQ?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, PGJ has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy PGJ and CNQQ on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both PGJ and CNQQ should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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