EXLS vs. QQQ
EXLS (ExlService Holdings, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, EXLS returned 12.84%/yr vs 20.46%/yr for QQQ. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
EXLS vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EXLS achieves a -19.32% return, which is significantly lower than QQQ's 14.23% return. Over the past 10 years, EXLS has underperformed QQQ with an annualized return of 12.84%, while QQQ has yielded a comparatively higher 20.46% annualized return.
EXLS
- 1D
- 0.91%
- 1M
- 26.72%
- 6M
- -13.90%
- YTD
- -19.32%
- 1Y
- -18.79%
- 3Y*
- 7.37%
- 5Y*
- 8.31%
- 10Y*
- 12.84%
- ALL TIME*
- 12.74%
QQQ
- 1D
- 1.76%
- 1M
- -1.76%
- 6M
- 12.07%
- YTD
- 14.23%
- 1Y
- 27.00%
- 3Y*
- 24.17%
- 5Y*
- 14.45%
- 10Y*
- 20.46%
- ALL TIME*
- 10.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $101.19M | $80.01M | $78.67M | |
| $31.40B | $28.17B | $31.69B |
EXLS vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXLS ExlService Holdings, Inc. | -19.32% | -4.37% | 43.86% | -8.96% | 17.03% | 70.06% | 22.56% | 32.00% | -12.81% | 19.65% |
QQQ Invesco QQQ ETF | 14.23% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between EXLS and QQQ is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2006 | 0.45 |
The correlation between EXLS and QQQ shifts across timeframes, from -0.05 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXLS vs. QQQ — Risk / Return Rank
EXLS
QQQ
EXLS vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ExlService Holdings, Inc. (EXLS) 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.
| EXLS | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.25 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.27 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.76 | 7.21 | -7.97 |
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Drawdowns
EXLS vs. QQQ - Drawdown Comparison
The maximum EXLS drawdown since its inception was -80.93%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for EXLS and QQQ.
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Drawdown Indicators
| EXLS | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.93% | -82.97% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -43.93% | -11.96% | -31.97% |
Max Drawdown (3Y)Largest decline over 3 years | -51.31% | -22.77% | -28.54% |
Max Drawdown (5Y)Largest decline over 5 years | -51.31% | -35.12% | -16.19% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -35.12% | -16.19% |
Current DrawdownCurrent decline from peak | -33.90% | -6.07% | -27.83% |
Average DrawdownAverage peak-to-trough decline | -17.34% | -32.61% | +15.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.64% | 3.76% | +20.88% |
Volatility
EXLS vs. QQQ - Volatility Comparison
ExlService Holdings, Inc. (EXLS) has a higher volatility of 20.77% compared to Invesco QQQ ETF (QQQ) at 6.96%. This indicates that EXLS'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
| EXLS | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.77% | 6.96% | +13.81% |
Volatility (6M)Calculated over the trailing 6-month period | 37.91% | 16.12% | +21.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.12% | 19.37% | +21.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.33% | 22.92% | +9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.61% | 22.51% | +9.10% |
Dividends
EXLS vs. QQQ - Dividend Comparison
EXLS has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXLS ExlService Holdings, 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 | 0.43% | 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
EXLS and QQQ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXLS has higher volatility (20.77%) compared to QQQ (6.96%). In terms of maximum drawdown, EXLS dropped -80.93% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.40 vs -0.46), 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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