ASX vs. QQQ
ASX (ASE Technology Holding Co., Ltd.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, ASX returned 28.11%/yr vs 22.07%/yr for QQQ. At a 0.47 correlation, their price movements are largely independent.
Performance
ASX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ASX achieves a 147.02% return, which is significantly higher than QQQ's 16.45% return. Over the past 10 years, ASX has outperformed QQQ with an annualized return of 28.11%, while QQQ has yielded a comparatively lower 22.07% annualized return.
ASX
- 1D
- -8.83%
- 1M
- 14.25%
- YTD
- 147.02%
- 6M
- 156.08%
- 1Y
- 300.90%
- 3Y*
- 73.80%
- 5Y*
- 43.58%
- 10Y*
- 28.11%
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%
ASX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASX ASE Technology Holding Co., Ltd. | 147.02% | 65.68% | 10.14% | 60.87% | -12.75% | 38.25% | 8.13% | 53.97% | -37.08% | 31.93% |
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 ASX and QQQ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000 | 0.47 |
The correlation between ASX and QQQ shifts across timeframes, from 0.47 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASX vs. QQQ — Risk / Return Rank
ASX
QQQ
ASX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASE Technology Holding Co., Ltd. (ASX) 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.
| ASX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.35 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 18.04 | 2.93 | +15.11 |
| Martin ratioReturn relative to average drawdown | 46.88 | 10.86 | +36.02 |
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Drawdowns
ASX vs. QQQ - Drawdown Comparison
The maximum ASX drawdown since its inception was -78.05%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ASX and QQQ.
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Drawdown Indicators
| ASX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.05% | -82.97% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -11.96% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -40.64% | -22.77% | -17.87% |
Max Drawdown (5Y)Largest decline over 5 years | -45.99% | -35.12% | -10.87% |
Max Drawdown (10Y)Largest decline over 10 years | -54.17% | -35.12% | -19.05% |
Current DrawdownCurrent decline from peak | -8.83% | -4.25% | -4.58% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -32.73% | +10.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 3.22% | +3.23% |
Volatility
ASX vs. QQQ - Volatility Comparison
ASE Technology Holding Co., Ltd. (ASX) has a higher volatility of 26.73% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that ASX's price experiences larger fluctuations and is considered to be riskier 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
| ASX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.73% | 9.17% | +17.56% |
Volatility (6M)Calculated over the trailing 6-month period | 38.93% | 14.57% | +24.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.41% | 17.96% | +30.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.70% | 22.69% | +18.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.86% | 22.42% | +16.44% |
Dividends
ASX vs. QQQ - Dividend Comparison
ASX's dividend yield for the trailing twelve months is around 0.90%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASX ASE Technology Holding Co., Ltd. | 0.90% | 2.23% | 3.19% | 6.07% | 7.64% | 3.86% | 2.34% | 2.88% | 14.19% | 2.51% | 3.63% | 4.00% |
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
ASX and QQQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASX has higher volatility (26.73%) compared to QQQ (9.17%). In terms of maximum drawdown, ASX dropped -78.05% vs QQQ's -82.97%.
ASX currently has the higher Sharpe Ratio (6.26 vs 1.95), 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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