CMI vs. QQQ
CMI (Cummins Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, CMI returned 22.76%/yr vs 21.94%/yr for QQQ. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
CMI vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CMI achieves a 34.54% return, which is significantly higher than QQQ's 21.30% return. Both investments have delivered pretty close results over the past 10 years, with CMI having a 22.76% annualized return and QQQ not far behind at 21.94%.
CMI
- 1D
- 1.44%
- 1M
- 4.22%
- YTD
- 34.54%
- 6M
- 35.24%
- 1Y
- 113.66%
- 3Y*
- 49.49%
- 5Y*
- 23.76%
- 10Y*
- 22.76%
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%
CMI vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 34.54% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | 30.50% | 38.04% | -22.06% | 32.74% |
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 CMI and QQQ is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 1999 | 0.50 |
The correlation between CMI and QQQ has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.
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Return for Risk
CMI vs. QQQ — Risk / Return Rank
CMI
QQQ
CMI vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) 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.
| CMI | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.45 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 7.51 | 3.51 | +4.00 |
| Martin ratioReturn relative to average drawdown | 27.80 | 13.49 | +14.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMI | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 2.64 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.81 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.99 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.41 | -0.03 |
Drawdowns
CMI vs. QQQ - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CMI and QQQ.
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Drawdown Indicators
| CMI | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -82.97% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -11.96% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -22.77% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -35.12% | +4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -44.05% | -35.12% | -8.93% |
Current DrawdownCurrent decline from peak | -4.46% | -0.26% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -22.23% | -32.79% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.11% | +0.99% |
Volatility
CMI vs. QQQ - Volatility Comparison
Cummins Inc. (CMI) has a higher volatility of 13.65% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that CMI'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
| CMI | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.65% | 4.49% | +9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 27.38% | 12.10% | +15.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.60% | 15.94% | +16.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 22.38% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.22% | 22.29% | +5.93% |
Dividends
CMI vs. QQQ - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.17%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.17% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
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
CMI and QQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMI has higher volatility (13.65%) compared to QQQ (4.49%). In terms of maximum drawdown, CMI dropped -75.66% vs QQQ's -82.97%.
CMI currently has the higher Sharpe Ratio (3.51 vs 2.64), 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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