LMT vs. QQQA

Last updated Aug 4, 2026

LMT (Lockheed Martin Corporation) is a stock, while QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. Over the past 5 years, LMT returned 13.16%/yr vs 10.11%/yr for QQQA. Their 0.04 correlation means their historical movements had little consistent relationship.

Performance

LMT vs. QQQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lockheed Martin Corporation (LMT) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMT achieves a 22.65% return, which is significantly lower than QQQA's 44.44% return.

LMT

• 1D: 0.61%
• 1M: 7.40%
• 6M: -6.72%
• YTD: 22.65%
• 1Y: 43.01%
• 3Y*: 12.55%
• 5Y*: 13.16%
• 10Y*: 11.37%
• ALL TIME*: 12.39%

QQQA

• 1D: 1.29%
• 1M: -5.50%
• 6M: 31.12%
• YTD: 44.44%
• 1Y: 62.87%
• 3Y*: 27.15%
• 5Y*: 10.11%
• 10Y*: —
• ALL TIME*: 11.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LMT Lockheed Martin Corporation	$883.96M	$659.32M	$684.67M
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	$2.42M	$3.28M	$3.82M

LMT vs. QQQA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LMT Lockheed Martin Corporation	22.65%	2.47%	10.02%	-4.31%	40.48%	-5.75%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	44.44%	9.87%	16.17%	24.98%	-29.08%	9.84%

Correlation

The correlation between LMT and QQQA is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (3Y) Balances recent behavior with more history.	-0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.03
Correlation (All Time) Calculated using the full available price history since May 20, 2021	0.04

The correlation between LMT and QQQA shifts across timeframes, from -0.07 (3 years) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LMT vs. QQQA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LMT

LMT Risk / Return Rank: 80
LMT Sharpe Ratio Rank: 86
LMT Sortino Ratio Rank: 85
LMT Omega Ratio Rank: 82
LMT Calmar Ratio Rank: 75
LMT Martin Ratio Rank: 73

QQQA

QQQA Risk / Return Rank: 76
QQQA Sharpe Ratio Rank: 80
QQQA Sortino Ratio Rank: 71
QQQA Omega Ratio Rank: 74
QQQA Calmar Ratio Rank: 78
QQQA Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LMT vs. QQQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.

	LMT	QQQA	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.88	-0.29
Sortino ratio: Return per unit of downside risk	2.38	2.34	+0.04
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	1.61	2.82	-1.21
Martin ratio: Return relative to average drawdown	3.39	9.70	-6.31

LMT vs. QQQA - Sharpe Ratio Comparison

The current LMT Sharpe Ratio is 1.59, which is comparable to the QQQA Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of LMT and QQQA, 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

LMT vs. QQQA - Drawdown Comparison

The maximum LMT drawdown since its inception was -79.29%, which is greater than QQQA's maximum drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for LMT and QQQA.

Drawdown Indicators

	LMT	QQQA	Difference
Max Drawdown Largest peak-to-trough decline	-79.29%	-38.44%	-40.85%
Max Drawdown (1Y) Largest decline over 1 year	-26.87%	-22.41%	-4.46%
Max Drawdown (3Y) Largest decline over 3 years	-31.79%	-30.84%	-0.95%
Max Drawdown (5Y) Largest decline over 5 years	-31.79%	-38.44%	+6.65%
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	—	—
Current Drawdown Current decline from peak	-12.79%	-17.45%	+4.66%
Average Drawdown Average peak-to-trough decline	-26.82%	-15.52%	-11.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.72%	6.50%	+6.22%

Volatility

LMT vs. QQQA - Volatility Comparison

Lockheed Martin Corporation (LMT) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) have volatilities of 11.47% and 10.99%, 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.

Volatility by Period

	LMT	QQQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	10.99%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	21.60%	29.73%	-8.13%
Volatility (1Y) Calculated over the trailing 1-year period	27.25%	33.66%	-6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.77%	27.46%	-3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.20%	27.08%	-2.88%

Dividends

LMT vs. QQQA - Dividend Comparison

LMT's dividend yield for the trailing twelve months is around 2.33%, more than QQQA's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMT Lockheed Martin Corporation	2.33%	2.76%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.03%	0.10%	0.09%	0.34%	0.28%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LMT and QQQA in my portfolio?

LMT and QQQA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMT or QQQA?

LMT has higher volatility (11.47%) compared to QQQA (10.99%). In terms of maximum drawdown, LMT dropped -79.29% vs QQQA's -38.44%.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (1.88 vs 1.59), 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.