MSTR vs. QQQM
MSTR (Strategy Inc) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, MSTR returned 19.14%/yr vs 16.94%/yr for QQQM. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MSTR vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -18.41% return, which is significantly lower than QQQM's 17.59% return.
MSTR
- 1D
- 3.18%
- 1M
- -30.37%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.36%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
QQQM
- 1D
- 0.67%
- 1M
- 0.97%
- YTD
- 17.59%
- 6M
- 17.91%
- 1Y
- 35.90%
- 3Y*
- 26.52%
- 5Y*
- 16.94%
- 10Y*
- —
MSTR vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 133.42% |
QQQM Invesco NASDAQ 100 ETF | 17.59% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between MSTR and QQQM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.51 |
The correlation between MSTR and QQQM has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
MSTR vs. QQQM — Risk / Return Rank
MSTR
QQQM
MSTR vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and Invesco NASDAQ 100 ETF (QQQM). 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.
| MSTR | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.45 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.37 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 3.02 | -3.90 |
| Martin ratioReturn relative to average drawdown | -1.27 | 11.23 | -12.50 |
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Drawdowns
MSTR vs. QQQM - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for MSTR and QQQM.
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Drawdown Indicators
| MSTR | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -35.04% | -64.82% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -11.96% | -64.57% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -22.70% | -54.72% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -35.04% | -49.07% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -73.84% | -3.33% | -70.51% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -8.23% | -78.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 3.21% | +49.80% |
Volatility
MSTR vs. QQQM - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.45%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 7.45% | +14.15% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 13.71% | +43.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 17.11% | +54.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 22.40% | +68.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 22.22% | +51.58% |
Dividends
MSTR vs. QQQM - Dividend Comparison
MSTR has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.43% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
MSTR and QQQM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to QQQM (7.45%). In terms of maximum drawdown, MSTR dropped -99.86% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (2.11 vs -0.95), 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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