CWH vs. QQQ
CWH (Camping World Holdings, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, CWH returned -27.26%/yr vs 15.10%/yr for QQQ. At a 0.35 correlation, their price movements are largely independent.
Performance
CWH vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CWH achieves a -36.90% return, which is significantly lower than QQQ's 16.13% return.
CWH
- 1D
- -1.29%
- 1M
- -23.06%
- 6M
- -47.97%
- YTD
- -36.90%
- 1Y
- -65.78%
- 3Y*
- -40.76%
- 5Y*
- -27.26%
- 10Y*
- —
QQQ
- 1D
- -1.90%
- 1M
- -1.22%
- 6M
- 13.75%
- YTD
- 16.13%
- 1Y
- 29.05%
- 3Y*
- 24.08%
- 5Y*
- 15.10%
- 10Y*
- 21.19%
CWH vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWH Camping World Holdings, Inc. | -36.90% | -52.24% | -17.93% | 25.13% | -39.63% | 61.88% | 90.21% | 35.35% | -73.62% | 40.00% |
QQQ Invesco QQQ ETF | 16.13% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between CWH and QQQ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2016 | 0.35 |
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Return for Risk
CWH vs. QQQ — Risk / Return Rank
CWH
QQQ
CWH vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camping World Holdings, Inc. (CWH) 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.
| CWH | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.28 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.44 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.48 | 8.74 | -10.22 |
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Drawdowns
CWH vs. QQQ - Drawdown Comparison
The maximum CWH drawdown since its inception was -90.83%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CWH and QQQ.
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Drawdown Indicators
| CWH | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.83% | -82.97% | -7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -69.05% | -11.96% | -57.09% |
Max Drawdown (3Y)Largest decline over 3 years | -80.90% | -22.77% | -58.13% |
Max Drawdown (5Y)Largest decline over 5 years | -84.22% | -35.12% | -49.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -83.82% | -4.51% | -79.31% |
Average DrawdownAverage peak-to-trough decline | -41.70% | -32.67% | -9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.54% | 3.33% | +41.21% |
Volatility
CWH vs. QQQ - Volatility Comparison
Camping World Holdings, Inc. (CWH) has a higher volatility of 19.04% compared to Invesco QQQ ETF (QQQ) at 8.69%. This indicates that CWH'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
| CWH | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.04% | 8.69% | +10.35% |
Volatility (6M)Calculated over the trailing 6-month period | 54.64% | 15.40% | +39.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.42% | 18.61% | +53.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 22.80% | +32.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.66% | 22.44% | +40.22% |
Dividends
CWH vs. QQQ - Dividend Comparison
CWH's dividend yield for the trailing twelve months is around 4.07%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWH Camping World Holdings, Inc. | 4.07% | 5.14% | 2.37% | 5.71% | 11.20% | 4.28% | 5.67% | 4.16% | 5.34% | 1.66% | 0.25% | 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
CWH and QQQ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWH has higher volatility (19.04%) compared to QQQ (8.69%). In terms of maximum drawdown, CWH dropped -90.83% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.57 vs -0.91), 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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