CWD vs. QQQ
CWD (CaliberCos Inc. Class A Common Stock) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 3 years, CWD returned -69.03%/yr vs 25.11%/yr for QQQ. At a 0.15 correlation, their price movements are largely independent.
Performance
CWD vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CWD achieves a -0.81% return, which is significantly lower than QQQ's 16.27% return.
CWD
- 1D
- 90.61%
- 1M
- 32.94%
- 6M
- -0.81%
- YTD
- -0.81%
- 1Y
- -63.82%
- 3Y*
- -69.03%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -1.73%
- 1M
- -4.39%
- 6M
- 16.27%
- YTD
- 16.27%
- 1Y
- 30.00%
- 3Y*
- 25.11%
- 5Y*
- 15.41%
- 10Y*
- 21.61%
CWD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CWD CaliberCos Inc. Class A Common Stock | -0.81% | -91.13% | -45.81% | -66.05% |
QQQ Invesco QQQ ETF | 16.27% | 20.77% | 25.58% | 25.85% |
Correlation
The correlation between CWD and QQQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 17, 2023 | 0.15 |
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Return for Risk
CWD vs. QQQ — Risk / Return Rank
CWD
QQQ
CWD vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CaliberCos Inc. Class A Common Stock (CWD) 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.
| CWD | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.52 | -3.20 |
| Martin ratioReturn relative to average drawdown | -0.87 | 9.17 | -10.04 |
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Drawdowns
CWD vs. QQQ - Drawdown Comparison
The maximum CWD drawdown since its inception was -99.61%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CWD and QQQ.
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Drawdown Indicators
| CWD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.61% | -82.97% | -16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -93.36% | -11.96% | -81.40% |
Max Drawdown (3Y)Largest decline over 3 years | -98.59% | -22.77% | -75.82% |
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 | -99.20% | -4.39% | -94.81% |
Average DrawdownAverage peak-to-trough decline | -90.46% | -32.70% | -57.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.23% | 3.28% | +69.95% |
Volatility
CWD vs. QQQ - Volatility Comparison
CaliberCos Inc. Class A Common Stock (CWD) has a higher volatility of 69.80% compared to Invesco QQQ ETF (QQQ) at 9.80%. This indicates that CWD'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
| CWD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 69.80% | 9.80% | +60.00% |
Volatility (6M)Calculated over the trailing 6-month period | 96.61% | 15.08% | +81.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 390.33% | 18.31% | +372.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 235.49% | 22.75% | +212.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 235.49% | 22.42% | +213.07% |
Dividends
CWD vs. QQQ - Dividend Comparison
CWD has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWD CaliberCos Inc. Class A Common Stock | 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
CWD and QQQ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWD has higher volatility (69.80%) compared to QQQ (9.80%). In terms of maximum drawdown, CWD dropped -99.61% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.65 vs -0.16), 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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