CBL vs. QQQ
CBL (CBL & Associates Properties, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 3 years, CBL returned 48.81%/yr vs 22.29%/yr for QQQ. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
CBL vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CBL achieves a 63.30% return, which is significantly higher than QQQ's 12.26% return.
CBL
- 1D
- 0.74%
- 1M
- 11.55%
- 6M
- 68.77%
- YTD
- 63.30%
- 1Y
- 133.93%
- 3Y*
- 48.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 27.56%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.26M | $16.78M | $15.02M | |
| $30.32B | $28.40B | $31.45B |
CBL vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBL CBL & Associates Properties, Inc. | 63.30% | 37.21% | 28.52% | 12.96% | -17.96% | 18.86% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 2.82% |
Correlation
The correlation between CBL and QQQ is 0.04, 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. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.28 |
Over the past year, the correlation between CBL and QQQ has dropped to 0.04 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
CBL vs. QQQ — Risk / Return Rank
CBL
QQQ
CBL vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBL & Associates Properties, Inc. (CBL) 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.
| CBL | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.21 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 10.53 | 1.88 | +8.65 |
| Martin ratioReturn relative to average drawdown | 34.46 | 6.00 | +28.46 |
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Drawdowns
CBL vs. QQQ - Drawdown Comparison
The maximum CBL drawdown since its inception was -34.02%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CBL and QQQ.
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Drawdown Indicators
| CBL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.02% | -82.97% | +48.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -11.96% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -22.77% | -6.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -2.23% | -7.69% | +5.46% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -32.62% | +20.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.74% | +0.02% |
Volatility
CBL vs. QQQ - Volatility Comparison
CBL & Associates Properties, Inc. (CBL) has a higher volatility of 9.13% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that CBL'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
| CBL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 6.87% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.97% | 16.08% | +4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 19.38% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.35% | 22.90% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 22.50% | +9.85% |
Dividends
CBL vs. QQQ - Dividend Comparison
CBL's dividend yield for the trailing twelve months is around 3.66%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBL CBL & Associates Properties, Inc. | 3.66% | 6.76% | 5.44% | 6.14% | 12.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.44% | 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
CBL and QQQ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBL has higher volatility (9.13%) compared to QQQ (6.87%). In terms of maximum drawdown, CBL dropped -34.02% vs QQQ's -82.97%.
CBL currently has the higher Sharpe Ratio (4.63 vs 1.16), 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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