LDOS vs. QQQ

Last updated Jun 13, 2026

LDOS (Leidos Holdings, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, LDOS returned 14.97%/yr vs 21.79%/yr for QQQ. At a 0.42 correlation, their price movements are largely independent.

Performance

LDOS vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leidos Holdings, Inc. (LDOS) 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, LDOS achieves a -32.12% return, which is significantly lower than QQQ's 17.57% return. Over the past 10 years, LDOS has underperformed QQQ with an annualized return of 14.97%, while QQQ has yielded a comparatively higher 21.79% annualized return.

LDOS

• 1D: 0.07%
• 1M: -1.24%
• YTD: -32.12%
• 6M: -35.31%
• 1Y: -17.31%
• 3Y*: 14.74%
• 5Y*: 4.03%
• 10Y*: 14.97%

QQQ

• 1D: 0.59%
• 1M: 1.75%
• YTD: 17.57%
• 6M: 17.85%
• 1Y: 37.55%
• 3Y*: 26.43%
• 5Y*: 16.85%
• 10Y*: 21.79%

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

LDOS vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDOS Leidos Holdings, Inc.	-32.12%	26.50%	34.52%	4.50%	20.04%	-14.20%	8.95%	88.82%	-16.72%	29.14%
QQQ Invesco QQQ ETF	17.57%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between LDOS and QQQ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 13, 2006	0.42

Over the past year, the correlation between LDOS and QQQ has dropped to 0.14 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

LDOS vs. QQQ — Risk / Return Rank

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

LDOS

LDOS Risk / Return Rank: 20
LDOS Sharpe Ratio Rank: 18
LDOS Sortino Ratio Rank: 19
LDOS Omega Ratio Rank: 18
LDOS Calmar Ratio Rank: 29
LDOS Martin Ratio Rank: 20

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

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.

LDOS vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leidos Holdings, Inc. (LDOS) 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.

	LDOS	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	2.09	-2.67
Sortino ratio: Return per unit of downside risk	-0.62	2.73	-3.35
Omega ratio: Gain probability vs. loss probability	0.91	1.37	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.43	3.01	-3.44
Martin ratio: Return relative to average drawdown	-1.09	11.22	-12.31

LDOS vs. QQQ - Sharpe Ratio Comparison

The current LDOS Sharpe Ratio is -0.57, which is lower than the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of LDOS 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

LDOS vs. QQQ - Drawdown Comparison

The maximum LDOS drawdown since its inception was -54.72%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for LDOS and QQQ.

Drawdown Indicators

	LDOS	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-54.72%	-82.97%	+28.25%
Max Drawdown (1Y) Largest decline over 1 year	-38.73%	-11.96%	-26.77%
Max Drawdown (3Y) Largest decline over 3 years	-38.73%	-22.77%	-15.96%
Max Drawdown (5Y) Largest decline over 5 years	-38.73%	-35.12%	-3.61%
Max Drawdown (10Y) Largest decline over 10 years	-42.29%	-35.12%	-7.17%
Current Drawdown Current decline from peak	-38.49%	-3.33%	-35.16%
Average Drawdown Average peak-to-trough decline	-19.68%	-32.75%	+13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.33%	3.20%	+12.13%

Volatility

LDOS vs. QQQ - Volatility Comparison

The current volatility for Leidos Holdings, Inc. (LDOS) is 6.30%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. This indicates that LDOS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDOS	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	7.56%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	25.00%	13.81%	+11.19%
Volatility (1Y) Calculated over the trailing 1-year period	29.28%	17.19%	+12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.73%	22.55%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.48%	22.38%	+5.10%

Dividends

LDOS vs. QQQ - Dividend Comparison

LDOS's dividend yield for the trailing twelve months is around 1.36%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDOS Leidos Holdings, Inc.	1.36%	0.90%	1.07%	1.35%	1.37%	1.57%	1.29%	1.35%	2.43%	1.98%	29.17%	3.41%
QQQ Invesco QQQ ETF	0.39%	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 LDOS and QQQ in my portfolio?

LDOS and QQQ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDOS or QQQ?

QQQ has higher volatility (7.56%) compared to LDOS (6.30%). In terms of maximum drawdown, LDOS dropped -54.72% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.09 vs -0.57), 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.