ADC vs. QQQH

Last updated Jun 4, 2026

ADC (Agree Realty Corporation) is a stock, while QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) is Nasdaq-100 fund managed by Neos. Over the past 5 years, ADC returned 4.50%/yr vs 9.42%/yr for QQQH. At a 0.16 correlation, their price movements are largely independent.

Performance

ADC vs. QQQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agree Realty Corporation (ADC) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADC achieves a 1.77% return, which is significantly lower than QQQH's 7.91% return.

ADC

• 1D: -0.89%
• 1M: -4.88%
• YTD: 1.77%
• 6M: -1.21%
• 1Y: 0.57%
• 3Y*: 8.22%
• 5Y*: 4.50%
• 10Y*: 9.63%

QQQH

• 1D: -0.02%
• 1M: 4.93%
• YTD: 7.91%
• 6M: 7.82%
• 1Y: 20.09%
• 3Y*: 20.71%
• 5Y*: 9.42%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADC vs. QQQH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ADC Agree Realty Corporation	1.77%	6.62%	17.20%	-7.07%	3.50%	11.28%	-1.40%	2.75%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	7.91%	14.17%	25.98%	30.96%	-28.35%	9.76%	18.62%	0.31%

Correlation

The correlation between ADC and QQQH is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019	0.16

The correlation between ADC and QQQH shifts across timeframes, from -0.15 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ADC vs. QQQH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADC

ADC Risk / Return Rank: 38
ADC Sharpe Ratio Rank: 41
ADC Sortino Ratio Rank: 33
ADC Omega Ratio Rank: 33
ADC Calmar Ratio Rank: 41
ADC Martin Ratio Rank: 41

QQQH

QQQH Risk / Return Rank: 62
QQQH Sharpe Ratio Rank: 61
QQQH Sortino Ratio Rank: 59
QQQH Omega Ratio Rank: 63
QQQH Calmar Ratio Rank: 58
QQQH Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADC vs. QQQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agree Realty Corporation (ADC) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). 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.

	ADC	QQQH	Difference
Sharpe ratio: Return per unit of total volatility	0.04	2.09	-2.05
Sortino ratio: Return per unit of downside risk	0.17	2.85	-2.68
Omega ratio: Gain probability vs. loss probability	1.02	1.39	-0.37
Calmar ratio: Return relative to maximum drawdown	0.05	2.90	-2.85
Martin ratio: Return relative to average drawdown	0.13	12.60	-12.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADC vs. QQQH - Sharpe Ratio Comparison

The current ADC Sharpe Ratio is 0.04, which is lower than the QQQH Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of ADC and QQQH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADC	QQQH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	2.09	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.72	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.79	-0.41

Drawdowns

ADC vs. QQQH - Drawdown Comparison

The maximum ADC drawdown since its inception was -70.25%, which is greater than QQQH's maximum drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for ADC and QQQH.

Drawdown Indicators

	ADC	QQQH	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-31.24%	-39.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-6.96%	-4.18%
Max Drawdown (3Y) Largest decline over 3 years	-21.08%	-15.18%	-5.90%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-31.24%	+1.72%
Max Drawdown (10Y) Largest decline over 10 years	-39.00%	—	—
Current Drawdown Current decline from peak	-11.14%	-0.02%	-11.12%
Average Drawdown Average peak-to-trough decline	-9.64%	-8.27%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	1.60%	+2.77%

Volatility

ADC vs. QQQH - Volatility Comparison

Agree Realty Corporation (ADC) has a higher volatility of 3.87% compared to NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) at 1.73%. This indicates that ADC's price experiences larger fluctuations and is considered to be riskier than QQQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADC	QQQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	1.73%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	7.34%	+4.70%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	9.67%	+6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	13.20%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	13.37%	+10.27%

Dividends

ADC vs. QQQH - Dividend Comparison

ADC's dividend yield for the trailing twelve months is around 4.35%, less than QQQH's 8.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADC Agree Realty Corporation	4.35%	4.28%	4.26%	4.64%	3.95%	3.65%	3.61%	3.25%	3.65%	3.94%	4.17%	5.43%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	8.74%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADC and QQQH in my portfolio?

ADC and QQQH have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADC or QQQH?

ADC has higher volatility (3.87%) compared to QQQH (1.73%). In terms of maximum drawdown, ADC dropped -70.25% vs QQQH's -31.24%.

Which has better risk-adjusted returns?

QQQH currently has the higher Sharpe Ratio (2.09 vs 0.04), 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.