MATX vs. QQQ

Last updated Jun 25, 2026

MATX (Matson, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MATX returned 21.58%/yr vs 22.01%/yr for QQQ. At a 0.47 correlation, their price movements are largely independent.

Performance

MATX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matson, Inc. (MATX) 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, MATX achieves a 58.97% return, which is significantly higher than QQQ's 15.95% return. Both investments have delivered pretty close results over the past 10 years, with MATX having a 21.58% annualized return and QQQ not far ahead at 22.01%.

MATX

• 1D: -0.09%
• 1M: 7.56%
• YTD: 58.97%
• 6M: 57.68%
• 1Y: 78.22%
• 3Y*: 39.81%
• 5Y*: 26.14%
• 10Y*: 21.58%

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%

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

MATX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MATX Matson, Inc.	58.97%	-7.21%	24.30%	78.20%	-29.53%	60.35%	43.05%	30.32%	9.78%	-13.51%
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 MATX and QQQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999	0.47

The correlation between MATX and QQQ shifts across timeframes, from 0.35 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MATX vs. QQQ — Risk / Return Rank

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

MATX

MATX Risk / Return Rank: 89
MATX Sharpe Ratio Rank: 91
MATX Sortino Ratio Rank: 90
MATX Omega Ratio Rank: 88
MATX Calmar Ratio Rank: 86
MATX Martin Ratio Rank: 89

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 60
QQQ Sortino Ratio Rank: 56
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 61

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.

MATX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matson, Inc. (MATX) 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.

	MATX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.81	+0.35
Sortino ratio: Return per unit of downside risk	3.05	2.41	+0.64
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	3.27	2.71	+0.56
Martin ratio: Return relative to average drawdown	10.10	10.01	+0.09

MATX vs. QQQ - Sharpe Ratio Comparison

The current MATX Sharpe Ratio is 2.16, which is comparable to the QQQ Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of MATX 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

MATX vs. QQQ - Drawdown Comparison

The maximum MATX drawdown since its inception was -71.40%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MATX and QQQ.

Drawdown Indicators

	MATX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-71.40%	-82.97%	+11.57%
Max Drawdown (1Y) Largest decline over 1 year	-24.05%	-11.96%	-12.09%
Max Drawdown (3Y) Largest decline over 3 years	-46.90%	-22.77%	-24.13%
Max Drawdown (5Y) Largest decline over 5 years	-53.63%	-35.12%	-18.51%
Max Drawdown (10Y) Largest decline over 10 years	-53.63%	-35.12%	-18.51%
Current Drawdown Current decline from peak	-3.14%	-4.66%	+1.52%
Average Drawdown Average peak-to-trough decline	-33.30%	-32.72%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.77%	3.23%	+4.54%

Volatility

MATX vs. QQQ - Volatility Comparison

The current volatility for Matson, Inc. (MATX) is 7.95%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that MATX 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

	MATX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	9.17%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	24.73%	14.54%	+10.19%
Volatility (1Y) Calculated over the trailing 1-year period	36.34%	17.95%	+18.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.75%	22.69%	+17.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.21%	22.41%	+19.80%

Dividends

MATX vs. QQQ - Dividend Comparison

MATX's dividend yield for the trailing twelve months is around 0.74%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MATX Matson, Inc.	0.74%	1.13%	0.98%	1.15%	1.95%	1.18%	1.58%	2.11%	2.56%	2.61%	2.09%	1.64%
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

Can I hold both MATX and QQQ in my portfolio?

MATX and QQQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MATX or QQQ?

QQQ has higher volatility (9.17%) compared to MATX (7.95%). In terms of maximum drawdown, MATX dropped -71.40% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

MATX currently has the higher Sharpe Ratio (2.16 vs 1.81), 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.