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PGNY vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PGNY vs. QQQ

Last updated Jun 5, 2026

PGNY (Progyny, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, PGNY returned -16.62%/yr vs 17.86%/yr for QQQ. At a 0.36 correlation, their price movements are largely independent.

Performance

PGNY vs. QQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, PGNY achieves a -0.78% return, which is significantly lower than QQQ's 20.71% return.

PGNY

1D
1.96%
1M
34.25%
YTD
-0.78%
6M
5.51%
1Y
19.62%
3Y*
-14.06%
5Y*
-16.62%
10Y*
—

QQQ

1D
-0.48%
1M
8.66%
YTD
20.71%
6M
19.19%
1Y
40.74%
3Y*
28.54%
5Y*
17.86%
10Y*
21.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PGNY vs. QQQ - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PGNY
Progyny, Inc.		-0.78%48.87%-53.60%19.36%-38.13%18.78%54.43%72.21%
QQQ
Invesco QQQ ETF		20.71%20.77%25.58%54.86%-32.58%27.42%48.62%8.91%

Correlation

The correlation between PGNY and QQQ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.20

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

0.37

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2019

0.36

The correlation between PGNY and QQQ shifts across timeframes, from 0.16 (1 year) to 0.37 (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.

Progyny, Inc.

Invesco QQQ ETF

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Often compared with QQQ:
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Return for Risk

PGNY vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PGNY
PGNY Risk / Return Rank: 5353
Overall Rank
PGNY Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
PGNY Sortino Ratio Rank: 5353
Sortino Ratio Rank
PGNY Omega Ratio Rank: 5555
Omega Ratio Rank
PGNY Calmar Ratio Rank: 5252
Calmar Ratio Rank
PGNY Martin Ratio Rank: 5252
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7474
Overall Rank
QQQ Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7575
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
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.

PGNY vs. QQQ - Risk-Adjusted Trends Comparison

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

PGNYQQQDifference
Sharpe ratioReturn per unit of total volatility
0.35
2.57

-2.22

Sortino ratioReturn per unit of downside risk
0.96
3.37

-2.41

Omega ratioGain probability vs. loss probability

1.13

1.44

-0.31

Calmar ratioReturn relative to maximum drawdown

0.46

3.42

-2.96

Martin ratioReturn relative to average drawdown

0.99

13.14

-12.15

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

PGNY vs. QQQ - Sharpe Ratio Comparison

The current PGNY Sharpe Ratio is 0.35, which is lower than the QQQ Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of PGNY 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.

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Sharpe Ratios by Period

PGNYQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.35

2.57

-2.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.30

0.80

-1.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.98

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.41

-0.29

Drawdowns

PGNY vs. QQQ - Drawdown Comparison

The maximum PGNY drawdown since its inception was -79.49%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PGNY and QQQ.

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Drawdown Indicators

PGNYQQQDifference

Max Drawdown

Largest peak-to-trough decline

-79.49%

-82.97%

+3.48%

Max Drawdown (1Y)

Largest decline over 1 year

-42.65%

-11.96%

-30.69%

Max Drawdown (3Y)

Largest decline over 3 years

-68.14%

-22.77%

-45.37%

Max Drawdown (5Y)

Largest decline over 5 years

-79.49%

-35.12%

-44.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-61.78%

-0.74%

-61.04%

Average Drawdown

Average peak-to-trough decline

-42.39%

-32.78%

-9.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.86%

3.11%

+16.75%

Volatility

PGNY vs. QQQ - Volatility Comparison

Progyny, Inc. (PGNY) has a higher volatility of 24.13% compared to Invesco QQQ ETF (QQQ) at 4.51%. This indicates that PGNY'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

PGNYQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

24.13%

4.51%

+19.62%

Volatility (6M)

Calculated over the trailing 6-month period

41.53%

12.10%

+29.43%

Volatility (1Y)

Calculated over the trailing 1-year period

56.99%

15.94%

+41.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

56.07%

22.37%

+33.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

61.88%

22.29%

+39.59%

Dividends

PGNY vs. QQQ - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
PGNY
Progyny, 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

PGNY and QQQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PGNY has higher volatility (24.13%) compared to QQQ (4.51%). In terms of maximum drawdown, PGNY dropped -79.49% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (2.57 vs 0.35), 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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