CHCO vs. QQQ
CHCO (City Holding Company) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, CHCO returned 15.33%/yr vs 20.44%/yr for QQQ. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
CHCO vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CHCO achieves a 24.25% return, which is significantly higher than QQQ's 12.26% return. Over the past 10 years, CHCO has underperformed QQQ with an annualized return of 15.33%, while QQQ has yielded a comparatively higher 20.44% annualized return.
CHCO
- 1D
- 0.42%
- 1M
- 8.31%
- 6M
- 19.47%
- YTD
- 24.25%
- 1Y
- 23.52%
- 3Y*
- 16.84%
- 5Y*
- 17.18%
- 10Y*
- 15.33%
- ALL TIME*
- 9.01%
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) |
|---|---|---|---|
| $21.85M | $20.27M | $17.00M | |
| $30.32B | $28.40B | $31.45B |
CHCO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHCO City Holding Company | 24.25% | 3.38% | 10.41% | 21.95% | 17.28% | 21.28% | -12.17% | 24.83% | 2.85% | 2.46% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between CHCO and QQQ 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. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.37 |
Over the past year, the correlation between CHCO and QQQ has dropped to 0.01 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
CHCO vs. QQQ — Risk / Return Rank
CHCO
QQQ
CHCO vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for City Holding Company (CHCO) 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.
| CHCO | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.88 | +0.48 |
| Martin ratioReturn relative to average drawdown | 4.90 | 6.00 | -1.10 |
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Drawdowns
CHCO vs. QQQ - Drawdown Comparison
The maximum CHCO drawdown since its inception was -89.14%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CHCO and QQQ.
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Drawdown Indicators
| CHCO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.14% | -82.97% | -6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -11.96% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -22.77% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -35.12% | +16.74% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | -35.12% | +2.87% |
Current DrawdownCurrent decline from peak | -0.07% | -7.69% | +7.62% |
Average DrawdownAverage peak-to-trough decline | -19.58% | -32.62% | +13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 3.74% | +0.80% |
Volatility
CHCO vs. QQQ - Volatility Comparison
The current volatility for City Holding Company (CHCO) is 6.18%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that CHCO 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.
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Volatility by Period
| CHCO | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 6.87% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 16.08% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 19.38% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.13% | 22.90% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.58% | 22.50% | +4.08% |
Dividends
CHCO vs. QQQ - Dividend Comparison
CHCO's dividend yield for the trailing twelve months is around 2.40%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHCO City Holding Company | 2.40% | 2.72% | 2.48% | 2.42% | 2.63% | 2.84% | 3.28% | 2.64% | 2.83% | 2.59% | 2.53% | 3.64% |
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
CHCO and QQQ 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.
QQQ has higher volatility (6.87%) compared to CHCO (6.18%). In terms of maximum drawdown, CHCO dropped -89.14% vs QQQ's -82.97%.
CHCO currently has the higher Sharpe Ratio (1.17 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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