^DWCF vs. QQQ
^DWCF (Dow Jones U.S. Total Stock Market Index) is an index, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, ^DWCF returned 13.28%/yr vs 22.01%/yr for QQQ. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
^DWCF vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ^DWCF achieves a 8.30% return, which is significantly lower than QQQ's 15.95% return. Over the past 10 years, ^DWCF has underperformed QQQ with an annualized return of 13.28%, while QQQ has yielded a comparatively higher 22.01% annualized return.
^DWCF
- 1D
- -1.37%
- 1M
- -0.92%
- YTD
- 8.30%
- 6M
- 7.15%
- 1Y
- 22.74%
- 3Y*
- 19.07%
- 5Y*
- 10.36%
- 10Y*
- 13.28%
QQQ
- 1D
- -0.42%
- 1M
- -0.86%
- YTD
- 15.95%
- 6M
- 14.16%
- 1Y
- 32.28%
- 3Y*
- 25.87%
- 5Y*
- 15.94%
- 10Y*
- 22.01%
^DWCF vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DWCF Dow Jones U.S. Total Stock Market Index | 8.30% | 15.59% | 22.21% | 24.06% | -20.80% | 24.01% | 18.72% | 28.42% | -7.04% | 18.89% |
QQQ Invesco QQQ ETF | 15.95% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between ^DWCF and QQQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.88 |
The correlation between ^DWCF and QQQ has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
^DWCF vs. QQQ — Risk / Return Rank
^DWCF
QQQ
^DWCF vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Total Stock Market Index (^DWCF) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^DWCF | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.71 | -0.21 |
| Martin ratioReturn relative to average drawdown | 11.00 | 10.01 | +0.98 |
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Drawdowns
^DWCF vs. QQQ - Drawdown Comparison
The maximum ^DWCF drawdown since its inception was -56.81%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ^DWCF and QQQ.
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Drawdown Indicators
| ^DWCF | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.81% | -82.97% | +26.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -11.96% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -22.77% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -35.12% | +8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.14% | -35.12% | -0.02% |
Current DrawdownCurrent decline from peak | -2.90% | -4.66% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -32.72% | +21.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.23% | -1.16% |
Volatility
^DWCF vs. QQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Total Stock Market Index (^DWCF) is 5.00%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that ^DWCF experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DWCF | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 9.17% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 14.54% | -4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 17.95% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 22.69% | -5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 22.41% | -3.93% |
Frequently Asked Questions
With a correlation of 0.92, ^DWCF and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
QQQ has higher volatility (9.17%) compared to ^DWCF (5.00%). In terms of maximum drawdown, ^DWCF dropped -56.81% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.81 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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