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 4.17%/yr vs 22.01%/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 -0.33% return, which is significantly lower than QQQ's 15.95% return. Over the past 10 years, IP has underperformed QQQ with an annualized return of 4.17%, while QQQ has yielded a comparatively higher 22.01% annualized return.
IP
- 1D
- 4.76%
- 1M
- 22.40%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- -13.86%
- 3Y*
- 12.71%
- 5Y*
- -3.61%
- 10Y*
- 4.17%
QQQ
- 1D
- -0.42%
- 1M
- -0.86%
- YTD
- 15.95%
- 6M
- 14.16%
- 1Y
- 32.28%
- 3Y*
- 25.87%
- 5Y*
- 15.94%
- 10Y*
- 22.01%
IP vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -0.33% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
QQQ Invesco QQQ ETF | 15.95% | 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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
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 0.18 - 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 | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.71 | -3.02 |
| Martin ratioReturn relative to average drawdown | -0.54 | 10.01 | -10.55 |
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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 | -32.01% | -4.66% | -27.35% |
Average DrawdownAverage peak-to-trough decline | -20.90% | -32.72% | +11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.85% | 3.23% | +22.62% |
Volatility
IP vs. QQQ - Volatility Comparison
International Paper Company (IP) has a higher volatility of 14.15% compared to Invesco QQQ ETF (QQQ) at 9.17%. 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 | 14.15% | 9.17% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 14.54% | +18.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.82% | 17.95% | +24.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.87% | 22.69% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 22.41% | +9.95% |
Dividends
IP vs. QQQ - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 4.83%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 4.83% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (14.15%) compared to QQQ (9.17%). In terms of maximum drawdown, IP dropped -90.62% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.81 vs -0.33), 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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