ERG.MI vs. QQQM

Last updated Jun 5, 2026

ERG.MI (ERG S.p.A) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, ERG.MI returned 2.54%/yr vs 18.06%/yr for QQQM. At a 0.12 correlation, their price movements are largely independent.

Performance

ERG.MI vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ERG S.p.A (ERG.MI) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ERG.MI is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ERG.MI achieves a 10.55% return, which is significantly lower than QQQM's 17.21% return.

ERG.MI

• 1D: -0.77%
• 1M: 5.83%
• YTD: 10.55%
• 6M: 10.55%
• 1Y: 30.85%
• 3Y*: 1.02%
• 5Y*: 2.54%
• 10Y*: 12.88%

QQQM

• 1D: -4.02%
• 1M: 3.38%
• YTD: 17.21%
• 6M: 14.23%
• 1Y: 34.23%
• 3Y*: 23.45%
• 5Y*: 18.06%
• 10Y*: —

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

ERG.MI vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ERG.MI ERG S.p.A	10.55%	18.39%	-29.14%	3.31%	4.60%	25.32%	6.65%
QQQM Invesco NASDAQ 100 ETF	17.21%	6.51%	33.98%	50.36%	-28.34%	36.98%	2.53%

Correlation

The correlation between ERG.MI and QQQM is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.12

Return for Risk

ERG.MI vs. QQQM — Risk / Return Rank

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

ERG.MI

ERG.MI Risk / Return Rank: 72
ERG.MI Sharpe Ratio Rank: 74
ERG.MI Sortino Ratio Rank: 67
ERG.MI Omega Ratio Rank: 69
ERG.MI Calmar Ratio Rank: 72
ERG.MI Martin Ratio Rank: 76

QQQM

QQQM Risk / Return Rank: 62
QQQM Sharpe Ratio Rank: 65
QQQM Sortino Ratio Rank: 58
QQQM Omega Ratio Rank: 63
QQQM Calmar Ratio Rank: 61
QQQM Martin Ratio Rank: 63

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.

ERG.MI vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERG S.p.A (ERG.MI) and Invesco NASDAQ 100 ETF (QQQM). 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.

	ERG.MI	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.13	2.07	-0.94
Sortino ratio: Return per unit of downside risk	1.58	2.62	-1.04
Omega ratio: Gain probability vs. loss probability	1.22	1.37	-0.15
Calmar ratio: Return relative to maximum drawdown	1.70	3.13	-1.43
Martin ratio: Return relative to average drawdown	5.44	9.76	-4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERG.MI vs. QQQM - Sharpe Ratio Comparison

The current ERG.MI Sharpe Ratio is 1.13, which is lower than the QQQM Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of ERG.MI and QQQM, 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

	ERG.MI	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	2.07	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.83	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.83	-0.44

Drawdowns

ERG.MI vs. QQQM - Drawdown Comparison

The maximum ERG.MI drawdown since its inception was -76.64%, which is greater than QQQM's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ERG.MI and QQQM.

Drawdown Indicators

	ERG.MI	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-76.64%	-30.95%	-45.69%
Max Drawdown (1Y) Largest decline over 1 year	-17.32%	-10.99%	-6.33%
Max Drawdown (3Y) Largest decline over 3 years	-41.69%	-27.16%	-14.53%
Max Drawdown (5Y) Largest decline over 5 years	-50.97%	-30.95%	-20.02%
Max Drawdown (10Y) Largest decline over 10 years	-50.97%	—	—
Current Drawdown Current decline from peak	-22.02%	-4.67%	-17.35%
Average Drawdown Average peak-to-trough decline	-26.47%	-7.33%	-19.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.40%	3.52%	+1.88%

Volatility

ERG.MI vs. QQQM - Volatility Comparison

ERG S.p.A (ERG.MI) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 5.61% and 5.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERG.MI	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.73%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	22.34%	12.23%	+10.11%
Volatility (1Y) Calculated over the trailing 1-year period	26.06%	16.66%	+9.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.93%	21.96%	+4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.58%	21.78%	+5.80%

Dividends

ERG.MI vs. QQQM - Dividend Comparison

ERG.MI's dividend yield for the trailing twelve months is around 4.30%, more than QQQM's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERG.MI ERG S.p.A	4.30%	4.55%	5.09%	3.47%	3.11%	2.64%	3.21%	3.90%	9.39%	3.25%	9.80%	4.01%
QQQM Invesco NASDAQ 100 ETF	0.44%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ERG.MI and QQQM in my portfolio?

ERG.MI and QQQM have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.