QQH vs. SMCI
QQH (HCM Defender 100 Index ETF) is Technology Equities fund tracking the HCM Defender 100 Index, while SMCI (Super Micro Computer, Inc.) is a stock. Over the past 5 years, QQH returned 10.11%/yr vs 49.49%/yr for SMCI. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
QQH vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, QQH achieves a 3.46% return, which is significantly higher than SMCI's -2.97% return.
QQH
- 1D
- 0.88%
- 1M
- -3.43%
- 6M
- 2.85%
- YTD
- 3.46%
- 1Y
- 17.89%
- 3Y*
- 17.81%
- 5Y*
- 10.11%
- 10Y*
- —
- ALL TIME*
- 18.68%
SMCI
- 1D
- 2.42%
- 1M
- 4.34%
- 6M
- -2.44%
- YTD
- -2.97%
- 1Y
- -49.86%
- 3Y*
- -5.60%
- 5Y*
- 49.49%
- 10Y*
- 29.71%
- ALL TIME*
- 19.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.32M | $7.48M | $7.46M | |
| $1.63B | $1.22B | $1.80B |
QQH vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QQH HCM Defender 100 Index ETF | 3.46% | 15.66% | 33.64% | 48.05% | -39.60% | 37.52% | 41.71% | 15.09% |
SMCI Super Micro Computer, Inc. | -2.97% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 26.42% |
Correlation
The correlation between QQH and SMCI is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.47 |
The correlation between QQH and SMCI has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
QQH vs. SMCI — Risk / Return Rank
QQH
SMCI
QQH vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) and Super Micro Computer, Inc. (SMCI). 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.
| QQH | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.94 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.80 | +1.71 |
| Martin ratioReturn relative to average drawdown | 2.19 | -1.24 | +3.43 |
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Drawdowns
QQH vs. SMCI - Drawdown Comparison
The maximum QQH drawdown since its inception was -41.87%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for QQH and SMCI.
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Drawdown Indicators
| QQH | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -84.84% | +42.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -65.01% | +48.83% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -84.84% | +60.00% |
Max Drawdown (5Y)Largest decline over 5 years | -41.87% | -84.84% | +42.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.84% | — |
Current DrawdownCurrent decline from peak | -10.37% | -76.10% | +65.73% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -32.28% | +19.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 42.29% | -35.61% |
Volatility
QQH vs. SMCI - Volatility Comparison
The current volatility for HCM Defender 100 Index ETF (QQH) is 8.39%, while Super Micro Computer, Inc. (SMCI) has a volatility of 27.83%. This indicates that QQH experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQH | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 27.83% | -19.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 82.17% | -62.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 89.74% | -65.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 88.01% | -65.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 71.49% | -46.43% |
Dividends
QQH vs. SMCI - Dividend Comparison
QQH's dividend yield for the trailing twelve months is around 0.20%, while SMCI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
QQH HCM Defender 100 Index ETF | 0.20% | 0.21% | 0.24% | 0.27% | 0.00% | 0.00% | 0.00% | 0.21% |
SMCI Super Micro Computer, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQH and SMCI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (27.83%) compared to QQH (8.39%). In terms of maximum drawdown, QQH dropped -41.87% vs SMCI's -84.84%.
QQH currently has the higher Sharpe Ratio (0.60 vs -0.58), 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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