E vs. QQQ

Last updated Jul 15, 2026

E (Eni S.p.A.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, E returned 10.59%/yr vs 21.32%/yr for QQQ. At a 0.35 correlation, their price movements are largely independent.

Performance

E vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, E achieves a 33.61% return, which is significantly higher than QQQ's 17.43% return. Over the past 10 years, E has underperformed QQQ with an annualized return of 10.59%, while QQQ has yielded a comparatively higher 21.32% annualized return.

E

• 1D: 0.22%
• 1M: -7.38%
• 6M: 31.88%
• YTD: 33.61%
• 1Y: 58.18%
• 3Y*: 26.05%
• 5Y*: 24.29%
• 10Y*: 10.59%

QQQ

• 1D: 1.12%
• 1M: -0.12%
• 6M: 15.19%
• YTD: 17.43%
• 1Y: 30.02%
• 3Y*: 24.54%
• 5Y*: 15.52%
• 10Y*: 21.32%

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

E vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
E Eni S.p.A.	33.61%	48.40%	-13.95%	26.73%	10.92%	43.12%	-28.73%	4.29%	-0.98%	7.27%
QQQ Invesco QQQ ETF	17.43%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between E and QQQ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999	0.35

The correlation between E and QQQ shifts across timeframes, from -0.01 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

E vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

E

E Risk / Return Rank: 91
E Sharpe Ratio Rank: 95
E Sortino Ratio Rank: 92
E Omega Ratio Rank: 92
E Calmar Ratio Rank: 86
E Martin Ratio Rank: 92

QQQ

QQQ Risk / Return Rank: 61
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 57
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 63
QQQ Martin Ratio Rank: 64

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.

E vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (E) 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.

	E	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.62	+0.81
Sortino ratio: Return per unit of downside risk	3.01	2.18	+0.82
Omega ratio: Gain probability vs. loss probability	1.40	1.29	+0.11
Calmar ratio: Return relative to maximum drawdown	2.92	2.52	+0.40
Martin ratio: Return relative to average drawdown	11.08	9.01	+2.07

E vs. QQQ - Sharpe Ratio Comparison

The current E Sharpe Ratio is 2.44, which is higher than the QQQ Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of E 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.

Drawdowns

E vs. QQQ - Drawdown Comparison

The maximum E drawdown since its inception was -70.53%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for E and QQQ.

Drawdown Indicators

	E	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-70.53%	-82.97%	+12.44%
Max Drawdown (1Y) Largest decline over 1 year	-20.00%	-11.96%	-8.04%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-22.77%	+2.64%
Max Drawdown (5Y) Largest decline over 5 years	-33.71%	-35.12%	+1.41%
Max Drawdown (10Y) Largest decline over 10 years	-61.59%	-35.12%	-26.47%
Current Drawdown Current decline from peak	-13.02%	-3.44%	-9.58%
Average Drawdown Average peak-to-trough decline	-23.05%	-32.67%	+9.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	3.34%	+1.93%

Volatility

E vs. QQQ - Volatility Comparison

Eni S.p.A. (E) has a higher volatility of 9.13% compared to Invesco QQQ ETF (QQQ) at 8.09%. This indicates that E'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.

Volatility by Period

	E	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.13%	8.09%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	20.51%	15.41%	+5.10%
Volatility (1Y) Calculated over the trailing 1-year period	24.04%	18.60%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.15%	22.80%	+2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.04%	22.45%	+5.59%

Dividends

E vs. QQQ - Dividend Comparison

E's dividend yield for the trailing twelve months is around 4.86%, more than QQQ's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
E Eni S.p.A.	4.86%	5.88%	7.69%	5.74%	6.38%	5.79%	5.91%	6.11%	5.15%	3.96%	3.98%	5.14%
QQQ Invesco QQQ ETF	0.42%	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

Can I hold both E and QQQ in my portfolio?

E and QQQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, E or QQQ?

E has higher volatility (9.13%) compared to QQQ (8.09%). In terms of maximum drawdown, E dropped -70.53% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

E currently has the higher Sharpe Ratio (2.44 vs 1.62), 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.