GRAL vs. QQQ

Last updated Jun 24, 2026

GRAL (GRAIL, Inc) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past year, GRAL returned 41.89% vs 34.88% for QQQ. At a 0.36 correlation, their price movements are largely independent.

Performance

GRAL vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GRAIL, Inc (GRAL) 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, GRAL achieves a -28.60% return, which is significantly lower than QQQ's 16.45% return.

GRAL

• 1D: -1.59%
• 1M: -9.05%
• YTD: -28.60%
• 6M: -33.13%
• 1Y: 41.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

GRAL vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRAL GRAIL, Inc	-28.60%	379.50%	-4.19%
QQQ Invesco QQQ ETF	16.45%	20.77%	8.19%

Correlation

The correlation between GRAL and QQQ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.36

Return for Risk

GRAL vs. QQQ — Risk / Return Rank

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

GRAL

GRAL Risk / Return Rank: 60
GRAL Sharpe Ratio Rank: 58
GRAL Sortino Ratio Rank: 62
GRAL Omega Ratio Rank: 65
GRAL Calmar Ratio Rank: 58
GRAL Martin Ratio Rank: 56

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

GRAL vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GRAIL, Inc (GRAL) 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.

	GRAL	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.42	1.95	-1.53
Sortino ratio: Return per unit of downside risk	1.28	2.57	-1.29
Omega ratio: Gain probability vs. loss probability	1.18	1.35	-0.16
Calmar ratio: Return relative to maximum drawdown	0.67	2.93	-2.26
Martin ratio: Return relative to average drawdown	1.22	10.86	-9.65

GRAL vs. QQQ - Sharpe Ratio Comparison

The current GRAL Sharpe Ratio is 0.42, which is lower than the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of GRAL 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

GRAL vs. QQQ - Drawdown Comparison

The maximum GRAL drawdown since its inception was -62.92%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GRAL and QQQ.

Drawdown Indicators

	GRAL	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-62.92%	-82.97%	+20.05%
Max Drawdown (1Y) Largest decline over 1 year	-62.92%	-11.96%	-50.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-47.35%	-4.25%	-43.10%
Average Drawdown Average peak-to-trough decline	-27.71%	-32.73%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.52%	3.22%	+31.30%

Volatility

GRAL vs. QQQ - Volatility Comparison

GRAIL, Inc (GRAL) has a higher volatility of 22.58% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that GRAL'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

	GRAL	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.58%	9.17%	+13.41%
Volatility (6M) Calculated over the trailing 6-month period	91.04%	14.57%	+76.47%
Volatility (1Y) Calculated over the trailing 1-year period	99.60%	17.96%	+81.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.83%	22.69%	+83.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.83%	22.42%	+83.41%

Dividends

GRAL vs. QQQ - Dividend Comparison

GRAL 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
GRAL GRAIL, 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

Can I hold both GRAL and QQQ in my portfolio?

GRAL and QQQ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRAL or QQQ?

GRAL has higher volatility (22.58%) compared to QQQ (9.17%). In terms of maximum drawdown, GRAL dropped -62.92% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.95 vs 0.42), 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.