AZO vs. QQQM
AZO (AutoZone, Inc.) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, AZO returned 12.62%/yr vs 13.97%/yr for QQQM. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
AZO vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, AZO achieves a -12.80% return, which is significantly lower than QQQM's 11.65% return.
AZO
- 1D
- 1.16%
- 1M
- -3.32%
- 6M
- -20.07%
- YTD
- -12.80%
- 1Y
- -22.60%
- 3Y*
- 5.74%
- 5Y*
- 12.62%
- 10Y*
- 13.96%
- ALL TIME*
- 18.74%
QQQM
- 1D
- -1.16%
- 1M
- -4.48%
- 6M
- 10.14%
- YTD
- 11.65%
- 1Y
- 21.43%
- 3Y*
- 22.56%
- 5Y*
- 13.97%
- 10Y*
- —
- ALL TIME*
- 16.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $474.96M | $962.75M | $1.17B | |
| $905.61M | $924.70M | $1.17B |
AZO vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | -12.80% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | 3.62% |
QQQM Invesco NASDAQ 100 ETF | 11.65% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between AZO and QQQM is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.19 |
The correlation between AZO and QQQM shifts across timeframes, from -0.01 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AZO vs. QQQM — Risk / Return Rank
AZO
QQQM
AZO vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) and Invesco NASDAQ 100 ETF (QQQM). 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.
| AZO | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.21 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 1.82 | -2.53 |
| Martin ratioReturn relative to average drawdown | -1.25 | 6.19 | -7.44 |
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Drawdowns
AZO vs. QQQM - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for AZO and QQQM.
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Drawdown Indicators
| AZO | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -35.04% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -32.86% | -11.96% | -20.90% |
Max Drawdown (3Y)Largest decline over 3 years | -32.86% | -22.70% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -32.86% | -35.04% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | — | — |
Current DrawdownCurrent decline from peak | -32.08% | -8.21% | -23.87% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -8.14% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.40% | 3.52% | +14.88% |
Volatility
AZO vs. QQQM - Volatility Comparison
AutoZone, Inc. (AZO) has a higher volatility of 10.42% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.65%. This indicates that AZO's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AZO | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 6.65% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 23.39% | 15.45% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.52% | 18.82% | +9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.86% | 22.68% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.70% | 22.30% | +4.40% |
Dividends
AZO vs. QQQM - Dividend Comparison
AZO has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.46% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
AZO and QQQM have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZO has higher volatility (10.42%) compared to QQQM (6.65%). In terms of maximum drawdown, AZO dropped -46.32% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.16 vs -0.81), 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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