BLKB vs. QQQ

Last updated Jun 4, 2026

BLKB (Blackbaud, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, BLKB returned -7.59%/yr vs 21.94%/yr for QQQ. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

BLKB vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackbaud, Inc. (BLKB) 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, BLKB achieves a -55.61% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, BLKB has underperformed QQQ with an annualized return of -7.59%, while QQQ has yielded a comparatively higher 21.94% annualized return.

BLKB

• 1D: -7.56%
• 1M: -25.22%
• YTD: -55.61%
• 6M: -54.43%
• 1Y: -56.05%
• 3Y*: -27.59%
• 5Y*: -17.45%
• 10Y*: -7.59%

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)

BLKB vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLKB Blackbaud, Inc.	-55.61%	-14.34%	-14.74%	47.30%	-25.47%	37.21%	-27.57%	27.29%	-33.08%	48.49%
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 BLKB and QQQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 27, 2004	0.52

Over the past year, the correlation between BLKB and QQQ has dropped to 0.24 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

BLKB vs. QQQ — Risk / Return Rank

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

BLKB

BLKB Risk / Return Rank: 2
BLKB Sharpe Ratio Rank: 1
BLKB Sortino Ratio Rank: 1
BLKB Omega Ratio Rank: 2
BLKB Calmar Ratio Rank: 5
BLKB Martin Ratio Rank: 1

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.

BLKB vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackbaud, Inc. (BLKB) 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.

	BLKB	QQQ	Difference
Sharpe ratio Return per unit of total volatility	-1.36	2.64	-4.00
Sortino ratio Return per unit of downside risk	-2.28	3.45	-5.72
Omega ratio Gain probability vs. loss probability	0.73	1.45	-0.72
Calmar ratio Return relative to maximum drawdown	-0.93	3.51	-4.44
Martin ratio Return relative to average drawdown	-2.02	13.49	-15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLKB vs. QQQ - Sharpe Ratio Comparison

The current BLKB Sharpe Ratio is -1.36, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BLKB 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

	BLKB	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.36	2.64	-4.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.49	0.81	-1.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.21	0.99	-1.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.41	-0.23

Drawdowns

BLKB vs. QQQ - Drawdown Comparison

The maximum BLKB drawdown since its inception was -76.11%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BLKB and QQQ.

Drawdown Indicators

	BLKB	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-76.11%	-82.97%	+6.86%
Max Drawdown (1Y) Largest decline over 1 year	-60.75%	-11.96%	-48.79%
Max Drawdown (3Y) Largest decline over 3 years	-67.97%	-22.77%	-45.20%
Max Drawdown (5Y) Largest decline over 5 years	-67.97%	-35.12%	-32.85%
Max Drawdown (10Y) Largest decline over 10 years	-76.11%	-35.12%	-40.99%
Current Drawdown Current decline from peak	-76.11%	-0.26%	-75.85%
Average Drawdown Average peak-to-trough decline	-23.38%	-32.79%	+9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.73%	3.11%	+24.62%

Volatility

BLKB vs. QQQ - Volatility Comparison

Blackbaud, Inc. (BLKB) has a higher volatility of 19.24% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that BLKB'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.

Volatility by Period

	BLKB	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.24%	4.49%	+14.75%
Volatility (6M) Calculated over the trailing 6-month period	34.16%	12.10%	+22.06%
Volatility (1Y) Calculated over the trailing 1-year period	41.50%	15.94%	+25.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.67%	22.38%	+13.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.67%	22.29%	+14.38%

Dividends

BLKB vs. QQQ - Dividend Comparison

BLKB 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
BLKB Blackbaud, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.60%	0.76%	0.51%	0.75%	0.73%
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 BLKB and QQQ in my portfolio?

BLKB and QQQ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLKB or QQQ?

BLKB has higher volatility (19.24%) compared to QQQ (4.49%). In terms of maximum drawdown, BLKB dropped -76.11% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs -1.36), 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.