AIRYY vs. QQQ

Last updated Jun 4, 2026

AIRYY (Air China Ltd ADR) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, AIRYY returned -0.06%/yr vs 21.94%/yr for QQQ. At a 0.17 correlation, their price movements are largely independent.

Performance

AIRYY vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Air China Ltd ADR (AIRYY) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIRYY achieves a -31.65% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, AIRYY has underperformed QQQ with an annualized return of -0.06%, while QQQ has yielded a comparatively higher 21.94% annualized return.

AIRYY

• 1D: 0.00%
• 1M: 0.00%
• YTD: -31.65%
• 6M: -26.86%
• 1Y: -5.06%
• 3Y*: -8.43%
• 5Y*: -6.28%
• 10Y*: -0.06%

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

AIRYY vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIRYY Air China Ltd ADR	-31.65%	39.73%	-1.35%	-27.17%	28.38%	-9.84%	-24.69%	22.28%	-29.18%	95.57%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between AIRYY and QQQ is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.17

The correlation between AIRYY and QQQ shifts across timeframes, from 0.00 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AIRYY vs. QQQ — Risk / Return Rank

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

AIRYY

AIRYY Risk / Return Rank: 38
AIRYY Sharpe Ratio Rank: 37
AIRYY Sortino Ratio Rank: 36
AIRYY Omega Ratio Rank: 42
AIRYY Calmar Ratio Rank: 37
AIRYY Martin Ratio Rank: 36

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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.

AIRYY vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Air China Ltd ADR (AIRYY) 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.

	AIRYY	QQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.10	2.64	-2.74
Sortino ratio Return per unit of downside risk	0.21	3.45	-3.23
Omega ratio Gain probability vs. loss probability	1.06	1.45	-0.39
Calmar ratio Return relative to maximum drawdown	-0.14	3.51	-3.65
Martin ratio Return relative to average drawdown	-0.29	13.49	-13.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIRYY vs. QQQ - Sharpe Ratio Comparison

The current AIRYY Sharpe Ratio is -0.10, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of AIRYY and QQQ, 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

	AIRYY	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	2.64	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.81	-0.95
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	0.99	-0.99
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.41	-0.42

Drawdowns

AIRYY vs. QQQ - Drawdown Comparison

The maximum AIRYY drawdown since its inception was -88.18%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for AIRYY and QQQ.

Drawdown Indicators

	AIRYY	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-88.18%	-82.97%	-5.21%
Max Drawdown (1Y) Largest decline over 1 year	-36.71%	-11.96%	-24.75%
Max Drawdown (3Y) Largest decline over 3 years	-51.89%	-22.77%	-29.12%
Max Drawdown (5Y) Largest decline over 5 years	-59.94%	-35.12%	-24.82%
Max Drawdown (10Y) Largest decline over 10 years	-74.71%	-35.12%	-39.59%
Current Drawdown Current decline from peak	-60.85%	-0.26%	-60.59%
Average Drawdown Average peak-to-trough decline	-50.50%	-32.79%	-17.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.62%	3.11%	+14.51%

Volatility

AIRYY vs. QQQ - Volatility Comparison

The current volatility for Air China Ltd ADR (AIRYY) is 0.00%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that AIRYY 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.

Volatility by Period

	AIRYY	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.49%	-4.49%
Volatility (6M) Calculated over the trailing 6-month period	38.65%	12.10%	+26.55%
Volatility (1Y) Calculated over the trailing 1-year period	49.88%	15.94%	+33.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.73%	22.38%	+23.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.13%	22.29%	+21.84%

Dividends

AIRYY vs. QQQ - Dividend Comparison

AIRYY has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRYY Air China Ltd ADR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.60%	1.25%	1.81%	2.51%	2.13%	1.07%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both AIRYY and QQQ in my portfolio?

AIRYY and QQQ have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIRYY or QQQ?

QQQ has higher volatility (4.49%) compared to AIRYY (0.00%). In terms of maximum drawdown, AIRYY dropped -88.18% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs -0.10), 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.