OKE vs. QQQ
OKE (ONEOK, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, OKE returned 13.70%/yr vs 21.94%/yr for QQQ. At a 0.36 correlation, their price movements are largely independent.
Performance
OKE vs. QQQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with OKE having a 21.08% return and QQQ slightly higher at 21.30%. Over the past 10 years, OKE has underperformed QQQ with an annualized return of 13.70%, while QQQ has yielded a comparatively higher 21.94% annualized return.
OKE
- 1D
- 0.03%
- 1M
- -4.28%
- YTD
- 21.08%
- 6M
- 18.83%
- 1Y
- 9.96%
- 3Y*
- 19.89%
- 5Y*
- 16.21%
- 10Y*
- 13.70%
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
OKE vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 21.08% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between OKE and QQQ is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 1999 | 0.36 |
The correlation between OKE and QQQ shifts across timeframes, from -0.14 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OKE vs. QQQ — Risk / Return Rank
OKE
QQQ
OKE vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ONEOK, Inc. (OKE) 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.
| OKE | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.45 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 3.51 | -3.04 |
| Martin ratioReturn relative to average drawdown | 1.09 | 13.49 | -12.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OKE | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 2.64 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.81 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.99 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.41 | -0.02 |
Drawdowns
OKE vs. QQQ - Drawdown Comparison
The maximum OKE drawdown since its inception was -80.17%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for OKE and QQQ.
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Drawdown Indicators
| OKE | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.17% | -82.97% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -21.02% | -11.96% | -9.06% |
Max Drawdown (3Y)Largest decline over 3 years | -42.17% | -22.77% | -19.40% |
Max Drawdown (5Y)Largest decline over 5 years | -42.17% | -35.12% | -7.05% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -35.12% | -45.05% |
Current DrawdownCurrent decline from peak | -19.97% | -0.26% | -19.71% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -32.79% | +16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.20% | 3.11% | +6.09% |
Volatility
OKE vs. QQQ - Volatility Comparison
ONEOK, Inc. (OKE) has a higher volatility of 10.45% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that OKE'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
| OKE | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 4.49% | +5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.65% | 12.10% | +8.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 15.94% | +9.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.29% | 22.38% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.88% | 22.29% | +16.59% |
Dividends
OKE vs. QQQ - Dividend Comparison
OKE's dividend yield for the trailing twelve months is around 4.84%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 4.84% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
QQQ Invesco QQQ ETF | 0.38% | 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
OKE and QQQ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKE has higher volatility (10.45%) compared to QQQ (4.49%). In terms of maximum drawdown, OKE dropped -80.17% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.64 vs 0.39), 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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