NDAQ vs. QQQ
NDAQ (Nasdaq, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, NDAQ returned 16.67%/yr vs 20.75%/yr for QQQ. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
NDAQ vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NDAQ achieves a -1.99% return, which is significantly lower than QQQ's 17.04% return. Over the past 10 years, NDAQ has underperformed QQQ with an annualized return of 16.67%, while QQQ has yielded a comparatively higher 20.75% annualized return.
NDAQ
- 1D
- 1.00%
- 1M
- 11.95%
- 6M
- 7.58%
- YTD
- -1.99%
- 1Y
- -0.61%
- 3Y*
- 25.84%
- 5Y*
- 9.98%
- 10Y*
- 16.67%
- ALL TIME*
- 14.07%
QQQ
- 1D
- -0.90%
- 1M
- -0.76%
- 6M
- 18.69%
- YTD
- 17.04%
- 1Y
- 28.64%
- 3Y*
- 25.18%
- 5Y*
- 14.96%
- 10Y*
- 20.75%
- ALL TIME*
- 10.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NDAQ Nasdaq, Inc. | $368.48M | $369.14M | $354.79M |
| $34.07B | $28.96B | $31.85B |
NDAQ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | -1.99% | 27.19% | 34.85% | -3.66% | -11.19% | 60.13% | 25.99% | 33.88% | 8.21% | 16.76% |
QQQ Invesco QQQ ETF | 17.04% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between NDAQ and QQQ is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2002 | 0.46 |
Over the past year, the correlation between NDAQ and QQQ has dropped to 0.17 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
NDAQ vs. QQQ — Risk / Return Rank
NDAQ
QQQ
NDAQ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq, Inc. (NDAQ) 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.
| NDAQ | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.26 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.40 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.06 | 7.62 | -7.68 |
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Drawdowns
NDAQ vs. QQQ - Drawdown Comparison
The maximum NDAQ drawdown since its inception was -68.48%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for NDAQ and QQQ.
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Drawdown Indicators
| NDAQ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -82.97% | +14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -23.39% | -11.96% | -11.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -22.77% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -35.12% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -35.12% | -3.19% |
Current DrawdownCurrent decline from peak | -5.72% | -3.76% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -32.61% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.76% | 3.77% | +6.99% |
Volatility
NDAQ vs. QQQ - Volatility Comparison
Nasdaq, Inc. (NDAQ) has a higher volatility of 8.52% compared to Invesco QQQ ETF (QQQ) at 7.44%. This indicates that NDAQ'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
| NDAQ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 7.44% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 22.17% | 16.38% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 19.56% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 22.97% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 22.53% | +2.06% |
Dividends
NDAQ vs. QQQ - Dividend Comparison
NDAQ's dividend yield for the trailing twelve months is around 1.18%, more than QQQ's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | 1.18% | 1.08% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% |
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
NDAQ and QQQ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDAQ has higher volatility (8.52%) compared to QQQ (7.44%). In terms of maximum drawdown, NDAQ dropped -68.48% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.47 vs -0.02), 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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