PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AON vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AON vs. QQQ

Last updated Jun 24, 2026

AON (Aon plc) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, AON returned 12.97%/yr vs 22.07%/yr for QQQ. At a 0.41 correlation, their price movements are largely independent.

Performance

AON vs. QQQ - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, AON achieves a -8.67% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, AON has underperformed QQQ with an annualized return of 12.97%, while QQQ has yielded a comparatively higher 22.07% annualized return.

AON

1D
2.27%
1M
-1.24%
YTD
-8.67%
6M
-9.44%
1Y
-10.08%
3Y*
-0.25%
5Y*
6.96%
10Y*
12.97%

QQQ

1D
-3.29%
1M
-0.43%
YTD
16.45%
6M
14.99%
1Y
34.88%
3Y*
26.05%
5Y*
16.01%
10Y*
22.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AON vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AON
Aon plc		-8.67%-0.94%24.45%-2.31%0.61%43.39%2.37%44.68%9.94%21.49%
QQQ
Invesco QQQ ETF		16.45%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between AON and QQQ is -0.22, 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

-0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Mar 10, 1999

0.41

The correlation between AON and QQQ shifts across timeframes, from -0.22 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Aon plc

Invesco QQQ ETF

Often compared with AON:
AON vs. WTWAON vs. BROAON vs. PGRAON vs. SPYAON vs. NTESAON vs. DRIPXAON vs. VTI
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

AON vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AON
AON Risk / Return Rank: 2222
Overall Rank
AON Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
AON Sortino Ratio Rank: 2222
Sortino Ratio Rank
AON Omega Ratio Rank: 2222
Omega Ratio Rank
AON Calmar Ratio Rank: 2121
Calmar Ratio Rank
AON Martin Ratio Rank: 2020
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 5959
Overall Rank
QQQ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5858
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6262
Martin Ratio Rank
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.

AON vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aon plc (AON) 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.

AONQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.43
1.95

-2.38

Sortino ratioReturn per unit of downside risk
-0.43
2.57

-3.00

Omega ratioGain probability vs. loss probability

0.94

1.35

-0.40

Calmar ratioReturn relative to maximum drawdown

-0.59

2.93

-3.51

Martin ratioReturn relative to average drawdown

-1.06

10.86

-11.93

AON vs. QQQ - Sharpe Ratio Comparison

The current AON Sharpe Ratio is -0.43, which is lower than the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of AON 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.

Loading charts...

Drawdowns

AON vs. QQQ - Drawdown Comparison

The maximum AON drawdown since its inception was -69.05%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for AON and QQQ.

Loading charts...

Drawdown Indicators

AONQQQDifference

Max Drawdown

Largest peak-to-trough decline

-69.05%

-82.97%

+13.92%

Max Drawdown (1Y)

Largest decline over 1 year

-17.28%

-11.96%

-5.32%

Max Drawdown (3Y)

Largest decline over 3 years

-23.84%

-22.77%

-1.07%

Max Drawdown (5Y)

Largest decline over 5 years

-25.38%

-35.12%

+9.74%

Max Drawdown (10Y)

Largest decline over 10 years

-38.73%

-35.12%

-3.61%

Current Drawdown

Current decline from peak

-20.76%

-4.25%

-16.51%

Average Drawdown

Average peak-to-trough decline

-13.67%

-32.73%

+19.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.52%

3.22%

+6.30%

Volatility

AON vs. QQQ - Volatility Comparison

The current volatility for Aon plc (AON) is 6.51%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that AON 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.

Loading charts...

Volatility by Period

AONQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

9.17%

-2.66%

Volatility (6M)

Calculated over the trailing 6-month period

19.78%

14.57%

+5.21%

Volatility (1Y)

Calculated over the trailing 1-year period

23.83%

17.96%

+5.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.05%

22.69%

+0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.46%

22.42%

+1.04%

Dividends

AON vs. QQQ - Dividend Comparison

AON's dividend yield for the trailing twelve months is around 0.95%, more than QQQ's 0.43% yield.

PositionTTM20252024202320222021202020192018201720162015
AON
Aon plc		0.95%0.82%0.74%0.83%0.73%0.66%0.84%0.83%1.35%1.05%1.16%1.25%
QQQ
Invesco QQQ ETF		0.43%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

AON and QQQ have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (9.17%) compared to AON (6.51%). In terms of maximum drawdown, AON dropped -69.05% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (1.95 vs -0.43), 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.

Portfolio Optimizer

Find the right allocation for AON and QQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer