COIN vs. QQQM
COIN (Coinbase Global, Inc.) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, COIN returned -6.53%/yr vs 16.94%/yr for QQQM. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
COIN vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -29.34% return, which is significantly lower than QQQM's 17.59% return.
COIN
- 1D
- -0.41%
- 1M
- -18.24%
- YTD
- -29.34%
- 6M
- -40.26%
- 1Y
- -34.17%
- 3Y*
- 45.01%
- 5Y*
- -6.53%
- 10Y*
- —
QQQM
- 1D
- 0.67%
- 1M
- 1.75%
- YTD
- 17.59%
- 6M
- 17.91%
- 1Y
- 37.64%
- 3Y*
- 26.52%
- 5Y*
- 16.94%
- 10Y*
- —
COIN vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -29.34% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
QQQM Invesco NASDAQ 100 ETF | 17.59% | 20.85% | 25.68% | 55.01% | -32.52% | 17.23% |
Correlation
The correlation between COIN and QQQM is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.57 |
The correlation between COIN and QQQM has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
COIN vs. QQQM — Risk / Return Rank
COIN
QQQM
COIN vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and Invesco NASDAQ 100 ETF (QQQM). 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.
| COIN | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.02 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.82 | 11.23 | -12.05 |
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Drawdowns
COIN vs. QQQM - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for COIN and QQQM.
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Drawdown Indicators
| COIN | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -35.04% | -56.42% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -11.96% | -54.43% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -22.70% | -43.69% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -35.04% | -55.86% |
Current DrawdownCurrent decline from peak | -61.94% | -3.33% | -58.61% |
Average DrawdownAverage peak-to-trough decline | -52.60% | -8.23% | -44.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.01% | 3.21% | +37.80% |
Volatility
COIN vs. QQQM - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 19.52% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.45%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.52% | 7.45% | +12.07% |
Volatility (6M)Calculated over the trailing 6-month period | 51.84% | 13.71% | +38.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.66% | 17.11% | +53.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.93% | 22.40% | +63.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.49% | 22.22% | +63.27% |
Dividends
COIN vs. QQQM - Dividend Comparison
COIN has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.43% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
COIN and QQQM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.52%) compared to QQQM (7.45%). In terms of maximum drawdown, COIN dropped -91.46% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (2.11 vs -0.48), 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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