AQNB vs. QQQ

Last updated Jul 11, 2026

AQNB (Algonquin Power & Utilities Cor) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, AQNB returned 5.36%/yr vs 15.67%/yr for QQQ. At a 0.16 correlation, their price movements are largely independent.

Performance

AQNB vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Algonquin Power & Utilities Cor (AQNB) 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, AQNB achieves a 3.98% return, which is significantly lower than QQQ's 18.38% return.

AQNB

• 1D: -0.14%
• 1M: -0.43%
• 6M: 3.57%
• YTD: 3.98%
• 1Y: 7.23%
• 3Y*: 11.01%
• 5Y*: 5.36%
• 10Y*: —

QQQ

• 1D: 0.31%
• 1M: 0.69%
• 6M: 16.05%
• YTD: 18.38%
• 1Y: 31.54%
• 3Y*: 26.10%
• 5Y*: 15.67%
• 10Y*: 21.45%

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

AQNB vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AQNB Algonquin Power & Utilities Cor	3.98%	9.79%	12.88%	20.80%	-16.42%	2.20%	5.70%	14.53%
QQQ Invesco QQQ ETF	18.38%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	20.10%

Correlation

The correlation between AQNB and QQQ is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since May 28, 2019	0.16

The correlation between AQNB and QQQ shifts across timeframes, from 0.05 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AQNB vs. QQQ — Risk / Return Rank

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

AQNB

AQNB Risk / Return Rank: 84
AQNB Sharpe Ratio Rank: 82
AQNB Sortino Ratio Rank: 81
AQNB Omega Ratio Rank: 80
AQNB Calmar Ratio Rank: 87
AQNB Martin Ratio Rank: 88

QQQ

QQQ Risk / Return Rank: 64
QQQ Sharpe Ratio Rank: 65
QQQ Sortino Ratio Rank: 60
QQQ Omega Ratio Rank: 62
QQQ Calmar Ratio Rank: 66
QQQ Martin Ratio Rank: 66

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.

AQNB vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Cor (AQNB) 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.

	AQNB	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.70	-0.40
Sortino ratio: Return per unit of downside risk	2.11	2.28	-0.17
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	3.05	2.62	+0.43
Martin ratio: Return relative to average drawdown	8.52	9.43	-0.91

AQNB vs. QQQ - Sharpe Ratio Comparison

The current AQNB Sharpe Ratio is 1.30, which is comparable to the QQQ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of AQNB 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.

Drawdowns

AQNB vs. QQQ - Drawdown Comparison

The maximum AQNB drawdown since its inception was -42.64%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for AQNB and QQQ.

Drawdown Indicators

	AQNB	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.64%	-82.97%	+40.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-11.96%	+9.59%
Max Drawdown (3Y) Largest decline over 3 years	-3.95%	-22.77%	+18.82%
Max Drawdown (5Y) Largest decline over 5 years	-18.56%	-35.12%	+16.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.34%	-2.66%	+1.32%
Average Drawdown Average peak-to-trough decline	-3.57%	-32.67%	+29.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	3.32%	-2.47%

Volatility

AQNB vs. QQQ - Volatility Comparison

The current volatility for Algonquin Power & Utilities Cor (AQNB) is 1.26%, while Invesco QQQ ETF (QQQ) has a volatility of 8.71%. This indicates that AQNB 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

	AQNB	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	8.71%	-7.45%
Volatility (6M) Calculated over the trailing 6-month period	3.65%	15.28%	-11.63%
Volatility (1Y) Calculated over the trailing 1-year period	5.63%	18.47%	-12.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.57%	22.77%	-11.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	22.43%	-4.03%

Dividends

AQNB vs. QQQ - Dividend Comparison

AQNB's dividend yield for the trailing twelve months is around 8.14%, more than QQQ's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQNB Algonquin Power & Utilities Cor	8.14%	8.46%	7.75%	6.43%	7.27%	5.70%	5.51%	3.33%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.42%	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 AQNB and QQQ in my portfolio?

AQNB and QQQ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AQNB or QQQ?

QQQ has higher volatility (8.71%) compared to AQNB (1.26%). In terms of maximum drawdown, AQNB dropped -42.64% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.70 vs 1.30), 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.