HEI-A vs. QQQM
HEI-A (HEICO Corporation) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, HEI-A returned 15.46%/yr vs 15.34%/yr for QQQM. At a 0.44 correlation, their price movements are largely independent.
Performance
HEI-A vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, HEI-A achieves a -0.77% return, which is significantly lower than QQQM's 15.22% return.
HEI-A
- 1D
- -1.17%
- 1M
- 0.91%
- 6M
- -9.33%
- YTD
- -0.77%
- 1Y
- -0.32%
- 3Y*
- 22.14%
- 5Y*
- 15.46%
- 10Y*
- 25.28%
QQQM
- 1D
- -1.65%
- 1M
- -3.18%
- 6M
- 13.83%
- YTD
- 15.22%
- 1Y
- 27.34%
- 3Y*
- 23.46%
- 5Y*
- 15.34%
- 10Y*
- —
HEI-A vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEI-A HEICO Corporation | -0.77% | 35.80% | 30.81% | 19.03% | -6.60% | 9.94% | 21.70% |
QQQM Invesco NASDAQ 100 ETF | 15.22% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between HEI-A and QQQM 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 (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.44 |
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Return for Risk
HEI-A vs. QQQM — Risk / Return Rank
HEI-A
QQQM
HEI-A vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI-A) 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.
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.
| HEI-A | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.26 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.30 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.03 | 8.14 | -8.16 |
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Drawdowns
HEI-A vs. QQQM - Drawdown Comparison
The maximum HEI-A drawdown since its inception was -49.70%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for HEI-A and QQQM.
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Drawdown Indicators
| HEI-A | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.70% | -35.04% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -27.11% | -11.96% | -15.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -22.70% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -35.04% | +7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -49.70% | — | — |
Current DrawdownCurrent decline from peak | -9.33% | -5.28% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -8.15% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.99% | 3.37% | +8.62% |
Volatility
HEI-A vs. QQQM - Volatility Comparison
HEICO Corporation (HEI-A) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 7.41% and 7.39%, 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.
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Volatility by Period
| HEI-A | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.39% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 15.34% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.51% | 18.54% | +12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 22.65% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 22.30% | +8.32% |
Dividends
HEI-A vs. QQQM - Dividend Comparison
HEI-A's dividend yield for the trailing twelve months is around 0.10%, less than QQQM's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEI-A HEICO Corporation | 0.10% | 0.09% | 0.11% | 0.14% | 0.15% | 0.13% | 0.14% | 0.08% | 0.18% | 0.10% | 0.25% |
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEI-A and QQQM 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.
HEI-A has higher volatility (7.41%) compared to QQQM (7.39%). In terms of maximum drawdown, HEI-A dropped -49.70% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.48 vs -0.01), 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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