MT vs. QQQ

Last updated Jun 26, 2026

MT (ArcelorMittal) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MT returned 17.88%/yr vs 22.36%/yr for QQQ. At a 0.40 correlation, their price movements are largely independent.

Performance

MT vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ArcelorMittal (MT) 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, MT achieves a 36.31% return, which is significantly higher than QQQ's 16.89% return. Over the past 10 years, MT has underperformed QQQ with an annualized return of 17.88%, while QQQ has yielded a comparatively higher 22.36% annualized return.

MT

• 1D: 0.57%
• 1M: -9.88%
• YTD: 36.31%
• 6M: 37.48%
• 1Y: 101.67%
• 3Y*: 34.00%
• 5Y*: 16.46%
• 10Y*: 17.88%

QQQ

• 1D: 0.81%
• 1M: -1.80%
• YTD: 16.89%
• 6M: 15.09%
• 1Y: 33.02%
• 3Y*: 26.78%
• 5Y*: 16.13%
• 10Y*: 22.36%

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

MT vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MT ArcelorMittal	36.31%	100.13%	-16.92%	10.28%	-16.44%	40.29%	30.56%	-14.14%	-35.85%	47.53%
QQQ Invesco QQQ ETF	16.89%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between MT and QQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999	0.40

Return for Risk

MT vs. QQQ — Risk / Return Rank

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

MT

MT Risk / Return Rank: 90
MT Sharpe Ratio Rank: 93
MT Sortino Ratio Rank: 91
MT Omega Ratio Rank: 88
MT Calmar Ratio Rank: 88
MT Martin Ratio Rank: 91

QQQ

QQQ Risk / Return Rank: 64
QQQ Sharpe Ratio Rank: 66
QQQ Sortino Ratio Rank: 61
QQQ Omega Ratio Rank: 63
QQQ Calmar Ratio Rank: 65
QQQ Martin Ratio Rank: 65

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.

MT vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ArcelorMittal (MT) 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.

	MT	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.85	+0.55
Sortino ratio: Return per unit of downside risk	3.06	2.45	+0.61
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	3.54	2.77	+0.77
Martin ratio: Return relative to average drawdown	12.04	10.21	+1.83

MT vs. QQQ - Sharpe Ratio Comparison

The current MT Sharpe Ratio is 2.41, which is comparable to the QQQ Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of MT 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

MT vs. QQQ - Drawdown Comparison

The maximum MT drawdown since its inception was -97.34%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MT and QQQ.

Drawdown Indicators

	MT	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-97.34%	-82.97%	-14.37%
Max Drawdown (1Y) Largest decline over 1 year	-28.84%	-11.96%	-16.88%
Max Drawdown (3Y) Largest decline over 3 years	-30.83%	-22.77%	-8.06%
Max Drawdown (5Y) Largest decline over 5 years	-45.99%	-35.12%	-10.87%
Max Drawdown (10Y) Largest decline over 10 years	-81.10%	-35.12%	-45.98%
Current Drawdown Current decline from peak	-63.95%	-3.89%	-60.06%
Average Drawdown Average peak-to-trough decline	-69.39%	-32.72%	-36.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.47%	3.24%	+5.23%

Volatility

MT vs. QQQ - Volatility Comparison

ArcelorMittal (MT) has a higher volatility of 13.62% compared to Invesco QQQ ETF (QQQ) at 9.02%. This indicates that MT'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.

Volatility by Period

	MT	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	9.02%	+4.60%
Volatility (6M) Calculated over the trailing 6-month period	36.26%	14.55%	+21.71%
Volatility (1Y) Calculated over the trailing 1-year period	42.50%	17.91%	+24.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.88%	22.69%	+17.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.62%	22.41%	+22.21%

Dividends

MT vs. QQQ - Dividend Comparison

MT's dividend yield for the trailing twelve months is around 0.93%, more than QQQ's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MT ArcelorMittal	0.93%	1.21%	2.16%	1.55%	1.45%	0.94%	0.00%	1.14%	0.48%	0.00%	0.00%	4.03%
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

Can I hold both MT and QQQ in my portfolio?

MT and QQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MT or QQQ?

MT has higher volatility (13.62%) compared to QQQ (9.02%). In terms of maximum drawdown, MT dropped -97.34% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

MT currently has the higher Sharpe Ratio (2.41 vs 1.85), 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.