PSHZF vs. QQQ
PSHZF (Pershing Square Holdings, Ltd.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, PSHZF returned 14.35%/yr vs 22.07%/yr for QQQ. At a 0.39 correlation, their price movements are largely independent.
Performance
PSHZF vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, PSHZF achieves a -23.27% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, PSHZF has underperformed QQQ with an annualized return of 14.35%, while QQQ has yielded a comparatively higher 22.07% annualized return.
PSHZF
- 1D
- -0.88%
- 1M
- -10.58%
- YTD
- -23.27%
- 6M
- -23.38%
- 1Y
- -1.35%
- 3Y*
- 14.54%
- 5Y*
- 7.75%
- 10Y*
- 14.35%
QQQ
- 1D
- -3.29%
- 1M
- -0.43%
- YTD
- 16.45%
- 6M
- 14.99%
- 1Y
- 34.88%
- 3Y*
- 26.05%
- 5Y*
- 16.01%
- 10Y*
- 22.07%
PSHZF vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSHZF Pershing Square Holdings, Ltd. | -23.27% | 36.74% | 4.57% | 37.43% | -15.13% | 17.80% | 89.27% | 53.54% | -8.09% | -5.08% |
QQQ Invesco QQQ ETF | 16.45% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between PSHZF and QQQ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.39 |
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Return for Risk
PSHZF vs. QQQ — Risk / Return Rank
PSHZF
QQQ
PSHZF vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pershing Square Holdings, Ltd. (PSHZF) 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.
| PSHZF | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.93 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.12 | 10.86 | -10.98 |
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Drawdowns
PSHZF vs. QQQ - Drawdown Comparison
The maximum PSHZF drawdown since its inception was -56.97%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PSHZF and QQQ.
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Drawdown Indicators
| PSHZF | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.97% | -82.97% | +26.00% |
Max Drawdown (1Y)Largest decline over 1 year | -25.79% | -11.96% | -13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.79% | -22.77% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | -35.12% | +3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -32.96% | -35.12% | +2.16% |
Current DrawdownCurrent decline from peak | -25.79% | -4.25% | -21.54% |
Average DrawdownAverage peak-to-trough decline | -23.14% | -32.73% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 3.22% | +8.00% |
Volatility
PSHZF vs. QQQ - Volatility Comparison
The current volatility for Pershing Square Holdings, Ltd. (PSHZF) is 7.69%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that PSHZF experiences smaller price fluctuations and is considered to be less risky 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
| PSHZF | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 9.17% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 14.57% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 17.96% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.49% | 22.69% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.14% | 22.42% | +2.72% |
Dividends
PSHZF vs. QQQ - Dividend Comparison
PSHZF's dividend yield for the trailing twelve months is around 1.40%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSHZF Pershing Square Holdings, Ltd. | 1.40% | 1.01% | 1.21% | 1.12% | 1.38% | 1.14% | 1.35% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.43% | 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
PSHZF and QQQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (9.17%) compared to PSHZF (7.69%). In terms of maximum drawdown, PSHZF dropped -56.97% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.95 vs -0.06), 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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