IP vs. QQQ
IP (International Paper Company) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, IP returned 3.06%/yr vs 21.01%/yr for QQQ. At a 0.43 correlation, their price movements are largely independent.
Performance
IP vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -1.45% return, which is significantly lower than QQQ's 15.19% return. Over the past 10 years, IP has underperformed QQQ with an annualized return of 3.06%, while QQQ has yielded a comparatively higher 21.01% annualized return.
IP
- 1D
- 3.08%
- 1M
- 4.76%
- 6M
- -11.09%
- YTD
- -1.45%
- 1Y
- -22.63%
- 3Y*
- 11.81%
- 5Y*
- -3.33%
- 10Y*
- 3.06%
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%
IP vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -1.45% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
QQQ Invesco QQQ ETF | 15.19% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between IP and QQQ is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.43 |
Over the past year, the correlation between IP and QQQ has dropped to 0.17 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
IP vs. QQQ — Risk / Return Rank
IP
QQQ
IP vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.26 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.29 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.85 | 8.13 | -8.98 |
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Drawdowns
IP vs. QQQ - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IP and QQQ.
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Drawdown Indicators
| IP | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -82.97% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -11.96% | -33.56% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -22.77% | -25.84% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -35.12% | -13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -35.12% | -20.15% |
Current DrawdownCurrent decline from peak | -32.77% | -5.29% | -27.48% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -32.66% | +11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.79% | 3.36% | +23.43% |
Volatility
IP vs. QQQ - Volatility Comparison
International Paper Company (IP) has a higher volatility of 8.64% compared to Invesco QQQ ETF (QQQ) at 7.53%. This indicates that IP'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
| IP | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 7.53% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 15.52% | +17.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.68% | 18.69% | +23.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.95% | 22.81% | +10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 22.44% | +9.89% |
Dividends
IP vs. QQQ - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 4.89%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 4.89% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
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
IP and QQQ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (8.64%) compared to QQQ (7.53%). In terms of maximum drawdown, IP dropped -90.62% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.47 vs -0.53), 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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