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CHGG vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHGG vs. QQQ

Last updated Jun 24, 2026

CHGG (Chegg, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, CHGG returned -13.95%/yr vs 22.07%/yr for QQQ. At a 0.38 correlation, their price movements are largely independent.

Performance

CHGG vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chegg, Inc. (CHGG) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with CHGG having a 16.13% return and QQQ slightly higher at 16.45%. Over the past 10 years, CHGG has underperformed QQQ with an annualized return of -13.95%, while QQQ has yielded a comparatively higher 22.07% annualized return.

CHGG

1D
2.86%
1M
-30.32%
YTD
16.13%
6M
21.48%
1Y
-22.86%
3Y*
-50.44%
5Y*
-58.01%
10Y*
-13.95%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHGG vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CHGG
Chegg, Inc.		16.13%-42.24%-85.83%-55.05%-17.69%-66.01%138.27%33.39%74.14%121.14%
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 CHGG and QQQ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2013

0.38

The correlation between CHGG and QQQ shifts across timeframes, from 0.22 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Chegg, Inc.

Invesco QQQ ETF

Often compared with CHGG:
CHGG vs. LRNCHGG vs. SMHCHGG vs. VUGCHGG vs. VOOCHGG vs. MSFTCHGG vs. CBTCHGG vs. BRK-B
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

CHGG vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHGG
CHGG Risk / Return Rank: 3737
Overall Rank
CHGG Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
CHGG Sortino Ratio Rank: 4444
Sortino Ratio Rank
CHGG Omega Ratio Rank: 4242
Omega Ratio Rank
CHGG Calmar Ratio Rank: 3333
Calmar Ratio Rank
CHGG Martin Ratio Rank: 3333
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 5959
Overall Rank
QQQ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5858
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6262
Martin Ratio Rank
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.

CHGG vs. QQQ - Risk-Adjusted Trends Comparison

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

CHGGQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.20
1.95

-2.16

Sortino ratioReturn per unit of downside risk
0.52
2.57

-2.05

Omega ratioGain probability vs. loss probability

1.06

1.35

-0.29

Calmar ratioReturn relative to maximum drawdown

-0.30

2.93

-3.23

Martin ratioReturn relative to average drawdown

-0.53

10.86

-11.39

CHGG vs. QQQ - Sharpe Ratio Comparison

The current CHGG Sharpe Ratio is -0.20, which is lower than the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of CHGG 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.

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Drawdowns

CHGG vs. QQQ - Drawdown Comparison

The maximum CHGG drawdown since its inception was -99.60%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CHGG and QQQ.

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Drawdown Indicators

CHGGQQQDifference

Max Drawdown

Largest peak-to-trough decline

-99.60%

-82.97%

-16.63%

Max Drawdown (1Y)

Largest decline over 1 year

-75.54%

-11.96%

-63.58%

Max Drawdown (3Y)

Largest decline over 3 years

-96.06%

-22.77%

-73.29%

Max Drawdown (5Y)

Largest decline over 5 years

-99.50%

-35.12%

-64.38%

Max Drawdown (10Y)

Largest decline over 10 years

-99.60%

-35.12%

-64.48%

Current Drawdown

Current decline from peak

-99.05%

-4.25%

-94.80%

Average Drawdown

Average peak-to-trough decline

-47.89%

-32.73%

-15.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

43.26%

3.22%

+40.04%

Volatility

CHGG vs. QQQ - Volatility Comparison

Chegg, Inc. (CHGG) has a higher volatility of 26.82% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that CHGG'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

CHGGQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

26.82%

9.17%

+17.65%

Volatility (6M)

Calculated over the trailing 6-month period

78.96%

14.57%

+64.39%

Volatility (1Y)

Calculated over the trailing 1-year period

113.66%

17.96%

+95.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

88.49%

22.69%

+65.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

70.93%

22.42%

+48.51%

Dividends

CHGG vs. QQQ - Dividend Comparison

CHGG has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.

PositionTTM20252024202320222021202020192018201720162015
CHGG
Chegg, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

CHGG and QQQ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CHGG has higher volatility (26.82%) compared to QQQ (9.17%). In terms of maximum drawdown, CHGG dropped -99.60% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (1.95 vs -0.20), 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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