GRNT vs. QQQ

Last updated Jul 17, 2026

GRNT (Granite Ridge Resources Inc) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, GRNT returned -9.27%/yr vs 15.26%/yr for QQQ. At a 0.08 correlation, their price movements are largely independent.

Performance

GRNT vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Granite Ridge Resources Inc (GRNT) 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, GRNT achieves a 1.42% return, which is significantly lower than QQQ's 15.19% return.

GRNT

• 1D: -0.22%
• 1M: -2.77%
• 6M: 4.31%
• YTD: 1.42%
• 1Y: -5.59%
• 3Y*: -6.55%
• 5Y*: -9.27%
• 10Y*: —

QQQ

• 1D: -1.64%
• 1M: -3.17%
• 6M: 13.80%
• YTD: 15.19%
• 1Y: 27.28%
• 3Y*: 23.36%
• 5Y*: 15.26%
• 10Y*: 21.01%

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

GRNT vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GRNT Granite Ridge Resources Inc	1.42%	-21.29%	14.92%	-28.45%	-7.12%	-2.06%	1.09%
QQQ Invesco QQQ ETF	15.19%	20.77%	25.58%	54.86%	-32.58%	27.42%	6.77%

Correlation

The correlation between GRNT and QQQ is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020	0.08

The correlation between GRNT and QQQ shifts across timeframes, from -0.13 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GRNT vs. QQQ — Risk / Return Rank

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

GRNT

GRNT Risk / Return Rank: 37
GRNT Sharpe Ratio Rank: 39
GRNT Sortino Ratio Rank: 35
GRNT Omega Ratio Rank: 35
GRNT Calmar Ratio Rank: 38
GRNT Martin Ratio Rank: 36

QQQ

QQQ Risk / Return Rank: 53
QQQ Sharpe Ratio Rank: 53
QQQ Sortino Ratio Rank: 49
QQQ Omega Ratio Rank: 50
QQQ Calmar Ratio Rank: 57
QQQ Martin Ratio Rank: 58

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.

GRNT vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Granite Ridge Resources Inc (GRNT) 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.

	GRNT	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.47	-1.60
Sortino ratio: Return per unit of downside risk	0.10	2.00	-1.91
Omega ratio: Gain probability vs. loss probability	1.01	1.26	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.20	2.29	-2.49
Martin ratio: Return relative to average drawdown	-0.45	8.13	-8.58

GRNT vs. QQQ - Sharpe Ratio Comparison

The current GRNT Sharpe Ratio is -0.13, which is lower than the QQQ Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of GRNT 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

GRNT vs. QQQ - Drawdown Comparison

The maximum GRNT drawdown since its inception was -50.26%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GRNT and QQQ.

Drawdown Indicators

	GRNT	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-50.26%	-82.97%	+32.71%
Max Drawdown (1Y) Largest decline over 1 year	-28.02%	-11.96%	-16.06%
Max Drawdown (3Y) Largest decline over 3 years	-37.11%	-22.77%	-14.34%
Max Drawdown (5Y) Largest decline over 5 years	-49.87%	-35.12%	-14.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-41.96%	-5.29%	-36.67%
Average Drawdown Average peak-to-trough decline	-23.15%	-32.66%	+9.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.42%	3.36%	+9.06%

Volatility

GRNT vs. QQQ - Volatility Comparison

Granite Ridge Resources Inc (GRNT) has a higher volatility of 9.47% compared to Invesco QQQ ETF (QQQ) at 7.53%. This indicates that GRNT'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

	GRNT	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	7.53%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	32.14%	15.52%	+16.62%
Volatility (1Y) Calculated over the trailing 1-year period	41.72%	18.69%	+23.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.52%	22.81%	+17.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.14%	22.44%	+15.70%

Dividends

GRNT vs. QQQ - Dividend Comparison

GRNT's dividend yield for the trailing twelve months is around 9.65%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRNT Granite Ridge Resources Inc	9.65%	9.36%	6.81%	7.31%	0.89%	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 GRNT and QQQ in my portfolio?

GRNT and QQQ have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRNT or QQQ?

GRNT has higher volatility (9.47%) compared to QQQ (7.53%). In terms of maximum drawdown, GRNT dropped -50.26% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.47 vs -0.13), 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.