ERAS vs. QQQ
ERAS (Erasca, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 3 years, ERAS returned 77.86%/yr vs 27.47%/yr for QQQ. At a 0.27 correlation, their price movements are largely independent.
Performance
ERAS vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ERAS achieves a 305.38% return, which is significantly higher than QQQ's 20.41% return.
ERAS
- 1D
- 10.31%
- 1M
- 34.16%
- YTD
- 305.38%
- 6M
- 313.15%
- 1Y
- 1,000.73%
- 3Y*
- 77.86%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
ERAS vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ERAS Erasca, Inc. | 305.38% | 48.21% | 17.84% | -50.58% | -72.34% | -2.01% |
QQQ Invesco QQQ ETF | 20.41% | 20.77% | 25.58% | 54.86% | -32.58% | 10.62% |
Correlation
The correlation between ERAS 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 | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.27 |
Over the past year, the correlation between ERAS and QQQ has dropped to 0.04 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
ERAS vs. QQQ — Risk / Return Rank
ERAS
QQQ
ERAS vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Erasca, Inc. (ERAS) 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.
| ERAS | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.41 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 17.01 | 3.44 | +13.57 |
| Martin ratioReturn relative to average drawdown | 51.62 | 12.79 | +38.83 |
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Drawdowns
ERAS vs. QQQ - Drawdown Comparison
The maximum ERAS drawdown since its inception was -95.65%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ERAS and QQQ.
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Drawdown Indicators
| ERAS | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -82.97% | -12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -59.46% | -11.96% | -47.50% |
Max Drawdown (3Y)Largest decline over 3 years | -67.68% | -22.77% | -44.91% |
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 | -38.04% | -0.99% | -37.05% |
Average DrawdownAverage peak-to-trough decline | -74.53% | -32.73% | -41.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 3.21% | +16.34% |
Volatility
ERAS vs. QQQ - Volatility Comparison
Erasca, Inc. (ERAS) has a higher volatility of 23.69% compared to Invesco QQQ ETF (QQQ) at 8.47%. This indicates that ERAS'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
| ERAS | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.69% | 8.47% | +15.22% |
Volatility (6M)Calculated over the trailing 6-month period | 96.58% | 14.20% | +82.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.65% | 17.67% | +86.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.47% | 22.64% | +60.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.47% | 22.43% | +61.04% |
Dividends
ERAS vs. QQQ - Dividend Comparison
ERAS has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERAS Erasca, Inc. | 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 | 0.49% | 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
ERAS 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.
ERAS has higher volatility (23.69%) compared to QQQ (8.47%). In terms of maximum drawdown, ERAS dropped -95.65% vs QQQ's -82.97%.
ERAS currently has the higher Sharpe Ratio (9.68 vs 2.33), 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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