PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
OKTA vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OKTA vs. QQQ

Last updated Jun 4, 2026

OKTA (Okta, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, OKTA returned -10.19%/yr vs 17.97%/yr for QQQ. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

OKTA vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Okta, Inc. (OKTA) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, OKTA achieves a 44.15% return, which is significantly higher than QQQ's 21.30% return.

OKTA

1D
-7.89%
1M
61.38%
YTD
44.15%
6M
44.37%
1Y
20.34%
3Y*
19.07%
5Y*
-10.19%
10Y*
—

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

OKTA vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OKTA
Okta, Inc.		44.15%9.73%-12.96%32.49%-69.52%-11.83%120.39%80.83%149.12%8.93%
QQQ
Invesco QQQ ETF		21.30%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%18.86%

Correlation

The correlation between OKTA and QQQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Apr 10, 2017

0.53

The correlation between OKTA and QQQ shifts across timeframes, from 0.38 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Okta, Inc.

Invesco QQQ ETF

Often compared with OKTA:
OKTA vs. FTNTOKTA vs. CRWDOKTA vs. MDBOKTA vs. TEAMOKTA vs. SPYOKTA vs. NVDAOKTA vs. RBRK
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

OKTA vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OKTA
OKTA Risk / Return Rank: 5353
Overall Rank
OKTA Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
OKTA Sortino Ratio Rank: 5353
Sortino Ratio Rank
OKTA Omega Ratio Rank: 5353
Omega Ratio Rank
OKTA Calmar Ratio Rank: 5252
Calmar Ratio Rank
OKTA Martin Ratio Rank: 5252
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
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.

OKTA vs. QQQ - Risk-Adjusted Trends Comparison

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

OKTAQQQDifference
Sharpe ratioReturn per unit of total volatility
0.38
2.64

-2.26

Sortino ratioReturn per unit of downside risk
1.02
3.45

-2.43

Omega ratioGain probability vs. loss probability

1.13

1.45

-0.32

Calmar ratioReturn relative to maximum drawdown

0.51

3.51

-3.01

Martin ratioReturn relative to average drawdown

1.09

13.49

-12.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OKTA vs. QQQ - Sharpe Ratio Comparison

The current OKTA Sharpe Ratio is 0.38, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of OKTA 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.

Loading charts...

Sharpe Ratios by Period

OKTAQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.38

2.64

-2.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.18

0.81

-0.99

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.99

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.41

-0.04

Drawdowns

OKTA vs. QQQ - Drawdown Comparison

The maximum OKTA drawdown since its inception was -84.57%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for OKTA and QQQ.

Loading charts...

Drawdown Indicators

OKTAQQQDifference

Max Drawdown

Largest peak-to-trough decline

-84.57%

-82.97%

-1.60%

Max Drawdown (1Y)

Largest decline over 1 year

-40.41%

-11.96%

-28.45%

Max Drawdown (3Y)

Largest decline over 3 years

-50.57%

-22.77%

-27.80%

Max Drawdown (5Y)

Largest decline over 5 years

-83.43%

-35.12%

-48.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-57.28%

-0.26%

-57.02%

Average Drawdown

Average peak-to-trough decline

-38.22%

-32.79%

-5.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.73%

3.11%

+15.62%

Volatility

OKTA vs. QQQ - Volatility Comparison

Okta, Inc. (OKTA) has a higher volatility of 32.40% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that OKTA'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.

Loading charts...

Volatility by Period

OKTAQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

32.40%

4.49%

+27.91%

Volatility (6M)

Calculated over the trailing 6-month period

47.90%

12.10%

+35.80%

Volatility (1Y)

Calculated over the trailing 1-year period

54.39%

15.94%

+38.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

57.46%

22.38%

+35.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

54.03%

22.29%

+31.74%

Dividends

OKTA vs. QQQ - Dividend Comparison

OKTA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

PositionTTM20252024202320222021202020192018201720162015
OKTA
Okta, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

OKTA and QQQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OKTA has higher volatility (32.40%) compared to QQQ (4.49%). In terms of maximum drawdown, OKTA dropped -84.57% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (2.64 vs 0.38), 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.

Portfolio Optimizer

Find the right allocation for OKTA and QQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer