LOCL vs. QQQ
LOCL (Local Bounti Corporation) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, LOCL returned -60.11%/yr vs 15.67%/yr for QQQ. At a 0.14 correlation, their price movements are largely independent.
Performance
LOCL vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, LOCL achieves a -39.25% return, which is significantly lower than QQQ's 18.38% return.
LOCL
- 1D
- 0.00%
- 1M
- -3.70%
- 6M
- -41.96%
- YTD
- -39.25%
- 1Y
- -48.21%
- 3Y*
- -23.55%
- 5Y*
- -60.11%
- 10Y*
- —
QQQ
- 1D
- 0.31%
- 1M
- 0.69%
- 6M
- 16.05%
- YTD
- 18.38%
- 1Y
- 31.54%
- 3Y*
- 26.10%
- 5Y*
- 15.67%
- 10Y*
- 21.45%
LOCL vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LOCL Local Bounti Corporation | -39.25% | 3.38% | 0.00% | -88.54% | -78.45% | -33.85% |
QQQ Invesco QQQ ETF | 18.38% | 20.77% | 25.58% | 54.86% | -32.58% | 16.74% |
Correlation
The correlation between LOCL and QQQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2021 | 0.14 |
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Return for Risk
LOCL vs. QQQ — Risk / Return Rank
LOCL
QQQ
LOCL vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Local Bounti Corporation (LOCL) 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.
| LOCL | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.62 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.14 | 9.43 | -10.58 |
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Drawdowns
LOCL vs. QQQ - Drawdown Comparison
The maximum LOCL drawdown since its inception was -99.28%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for LOCL and QQQ.
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Drawdown Indicators
| LOCL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.28% | -82.97% | -16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -72.88% | -11.96% | -60.92% |
Max Drawdown (3Y)Largest decline over 3 years | -80.74% | -22.77% | -57.97% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -35.12% | -64.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -99.06% | -2.66% | -96.40% |
Average DrawdownAverage peak-to-trough decline | -77.85% | -32.67% | -45.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.28% | 3.32% | +40.96% |
Volatility
LOCL vs. QQQ - Volatility Comparison
Local Bounti Corporation (LOCL) has a higher volatility of 13.70% compared to Invesco QQQ ETF (QQQ) at 8.71%. This indicates that LOCL'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
| LOCL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.70% | 8.71% | +4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 85.29% | 15.28% | +70.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.37% | 18.47% | +96.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 126.46% | 22.77% | +103.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.66% | 22.43% | +101.23% |
Dividends
LOCL vs. QQQ - Dividend Comparison
LOCL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOCL Local Bounti Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.42% | 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
LOCL and QQQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LOCL has higher volatility (13.70%) compared to QQQ (8.71%). In terms of maximum drawdown, LOCL dropped -99.28% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.70 vs -0.44), 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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