E vs. QQQ

Last updated Jun 4, 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 12.35%/yr vs 21.94%/yr for QQQ. At a 0.36 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 46.53% return, which is significantly higher than QQQ's 21.30% return. Over the past 10 years, E has underperformed QQQ with an annualized return of 12.35%, while QQQ has yielded a comparatively higher 21.94% annualized return.

E

• 1D: 0.54%
• 1M: -2.20%
• YTD: 46.53%
• 6M: 45.27%
• 1Y: 90.13%
• 3Y*: 32.55%
• 5Y*: 24.42%
• 10Y*: 12.35%

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%

*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.	46.53%	48.40%	-13.95%	26.73%	10.92%	43.12%	-28.73%	4.29%	-0.98%	7.27%
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 E and QQQ is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 11, 1999	0.36

The correlation between E and QQQ shifts across timeframes, from -0.04 (1 year) to 0.36 (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: 97
E Sharpe Ratio Rank: 97
E Sortino Ratio Rank: 96
E Omega Ratio Rank: 96
E Calmar Ratio Rank: 97
E Martin Ratio Rank: 98

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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.

	E	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	4.00	2.64	+1.36
Sortino ratio: Return per unit of downside risk	4.52	3.45	+1.07
Omega ratio: Gain probability vs. loss probability	1.63	1.45	+0.18
Calmar ratio: Return relative to maximum drawdown	9.74	3.51	+6.23
Martin ratio: Return relative to average drawdown	33.40	13.49	+19.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

E vs. QQQ - Sharpe Ratio Comparison

The current E Sharpe Ratio is 4.00, which is higher than the QQQ Sharpe Ratio of 2.64. 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.

Sharpe Ratios by Period

	E	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	2.64	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.81	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.99	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.41	-0.09

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	-9.30%	-11.96%	+2.66%
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	-4.61%	-0.26%	-4.35%
Average Drawdown Average peak-to-trough decline	-23.08%	-32.79%	+9.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.11%	-0.40%

Volatility

E vs. QQQ - Volatility Comparison

Eni S.p.A. (E) has a higher volatility of 8.76% compared to Invesco QQQ ETF (QQQ) at 4.49%. 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	8.76%	4.49%	+4.27%
Volatility (6M) Calculated over the trailing 6-month period	19.59%	12.10%	+7.49%
Volatility (1Y) Calculated over the trailing 1-year period	22.68%	15.94%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.03%	22.38%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.35%	22.29%	+6.06%

Dividends

E vs. QQQ - Dividend Comparison

E's dividend yield for the trailing twelve months is around 4.43%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
E Eni S.p.A.	4.43%	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	0.38%	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

Can I hold both E and QQQ in my portfolio?

E and QQQ have a correlation of -0.04, 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 (8.76%) compared to QQQ (4.49%). 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 (4.00 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.