HPQ vs. QQQ
HPQ (HP Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, HPQ returned 10.41%/yr vs 21.84%/yr for QQQ. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
HPQ vs. QQQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HPQ having a 19.96% return and QQQ slightly higher at 20.71%. Over the past 10 years, HPQ has underperformed QQQ with an annualized return of 10.41%, while QQQ has yielded a comparatively higher 21.84% annualized return.
HPQ
- 1D
- 1.00%
- 1M
- 24.35%
- YTD
- 19.96%
- 6M
- 4.42%
- 1Y
- 9.73%
- 3Y*
- 0.39%
- 5Y*
- 0.54%
- 10Y*
- 10.41%
QQQ
- 1D
- -0.48%
- 1M
- 8.66%
- YTD
- 20.71%
- 6M
- 19.19%
- 1Y
- 40.74%
- 3Y*
- 28.54%
- 5Y*
- 17.86%
- 10Y*
- 21.84%
HPQ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPQ HP Inc. | 19.96% | -28.69% | 12.10% | 16.08% | -26.40% | 57.25% | 24.11% | 3.88% | -0.20% | 45.69% |
QQQ Invesco QQQ ETF | 20.71% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between HPQ and QQQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 1999 | 0.56 |
Over the past year, the correlation between HPQ and QQQ has dropped to 0.24 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
HPQ vs. QQQ — Risk / Return Rank
HPQ
QQQ
HPQ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HP Inc. (HPQ) 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.
| HPQ | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.44 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 3.42 | -3.15 |
| Martin ratioReturn relative to average drawdown | 0.48 | 13.14 | -12.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HPQ | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.57 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.80 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.98 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.41 | -0.18 |
Drawdowns
HPQ vs. QQQ - Drawdown Comparison
The maximum HPQ drawdown since its inception was -85.19%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HPQ and QQQ.
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Drawdown Indicators
| HPQ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.19% | -82.97% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -11.96% | -24.66% |
Max Drawdown (3Y)Largest decline over 3 years | -51.23% | -22.77% | -28.46% |
Max Drawdown (5Y)Largest decline over 5 years | -51.23% | -35.12% | -16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -51.23% | -35.12% | -16.11% |
Current DrawdownCurrent decline from peak | -28.38% | -0.74% | -27.64% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -32.78% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.50% | 3.11% | +17.39% |
Volatility
HPQ vs. QQQ - Volatility Comparison
HP Inc. (HPQ) has a higher volatility of 23.58% compared to Invesco QQQ ETF (QQQ) at 4.51%. This indicates that HPQ'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
| HPQ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.58% | 4.51% | +19.07% |
Volatility (6M)Calculated over the trailing 6-month period | 32.07% | 12.10% | +19.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.09% | 15.94% | +24.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.77% | 22.37% | +13.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.26% | 22.29% | +12.97% |
Dividends
HPQ vs. QQQ - Dividend Comparison
HPQ's dividend yield for the trailing twelve months is around 4.48%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPQ HP Inc. | 4.48% | 5.24% | 3.42% | 3.53% | 3.77% | 2.21% | 2.94% | 3.20% | 2.83% | 2.56% | 3.40% | 129.70% |
QQQ Invesco QQQ ETF | 0.38% | 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
HPQ and QQQ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPQ has higher volatility (23.58%) compared to QQQ (4.51%). In terms of maximum drawdown, HPQ dropped -85.19% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.57 vs 0.24), 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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