PSN vs. QQQ
PSN (Parsons Corporation) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, PSN returned 3.94%/yr vs 15.94%/yr for QQQ. At a 0.36 correlation, their price movements are largely independent.
Performance
PSN vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, PSN achieves a -20.97% return, which is significantly lower than QQQ's 15.95% return.
PSN
- 1D
- -0.81%
- 1M
- -9.07%
- YTD
- -20.97%
- 6M
- -22.28%
- 1Y
- -28.38%
- 3Y*
- 1.09%
- 5Y*
- 3.94%
- 10Y*
- —
QQQ
- 1D
- -0.42%
- 1M
- -0.86%
- YTD
- 15.95%
- 6M
- 14.16%
- 1Y
- 32.28%
- 3Y*
- 25.87%
- 5Y*
- 15.94%
- 10Y*
- 22.01%
PSN vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSN Parsons Corporation | -20.97% | -33.01% | 47.11% | 35.59% | 37.44% | -7.58% | -11.80% | 34.68% |
QQQ Invesco QQQ ETF | 15.95% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 14.89% |
Correlation
The correlation between PSN and QQQ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.36 |
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Return for Risk
PSN vs. QQQ — Risk / Return Rank
PSN
QQQ
PSN vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parsons Corporation (PSN) 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.
| PSN | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.71 | -3.34 |
| Martin ratioReturn relative to average drawdown | -1.12 | 10.01 | -11.14 |
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Drawdowns
PSN vs. QQQ - Drawdown Comparison
The maximum PSN drawdown since its inception was -57.06%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PSN and QQQ.
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Drawdown Indicators
| PSN | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.06% | -82.97% | +25.91% |
Max Drawdown (1Y)Largest decline over 1 year | -45.51% | -11.96% | -33.55% |
Max Drawdown (3Y)Largest decline over 3 years | -57.06% | -22.77% | -34.29% |
Max Drawdown (5Y)Largest decline over 5 years | -57.06% | -35.12% | -21.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -56.90% | -4.66% | -52.24% |
Average DrawdownAverage peak-to-trough decline | -16.88% | -32.72% | +15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.31% | 3.23% | +22.08% |
Volatility
PSN vs. QQQ - Volatility Comparison
Parsons Corporation (PSN) has a higher volatility of 12.73% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that PSN'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
| PSN | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.73% | 9.17% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 31.85% | 14.54% | +17.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.92% | 17.95% | +25.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.64% | 22.69% | +10.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.05% | 22.41% | +12.64% |
Dividends
PSN vs. QQQ - Dividend Comparison
PSN has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSN Parsons Corporation | 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 | 0.43% | 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
PSN and QQQ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSN has higher volatility (12.73%) compared to QQQ (9.17%). In terms of maximum drawdown, PSN dropped -57.06% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.81 vs -0.65), 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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