QQQ vs. BHK
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while BHK (BlackRock Core Bond Trust) is a stock. Over the past 10 years, QQQ returned 21.79%/yr vs 2.96%/yr for BHK. At a 0.12 correlation, their price movements are largely independent.
Performance
QQQ vs. BHK - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 17.57% return, which is significantly higher than BHK's -2.22% return. Over the past 10 years, QQQ has outperformed BHK with an annualized return of 21.79%, while BHK has yielded a comparatively lower 2.96% annualized return.
QQQ
- 1D
- 0.59%
- 1M
- 0.93%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 35.82%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
BHK
- 1D
- 0.22%
- 1M
- 0.49%
- YTD
- -2.22%
- 6M
- -0.20%
- 1Y
- 0.78%
- 3Y*
- 4.13%
- 5Y*
- -2.97%
- 10Y*
- 2.96%
QQQ vs. BHK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
BHK BlackRock Core Bond Trust | -2.22% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
Correlation
The correlation between QQQ and BHK is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2001 | 0.12 |
Over the past year, QQQ and BHK have become more correlated (0.32) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
QQQ vs. BHK — Risk / Return Rank
QQQ
BHK
QQQ vs. BHK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and BlackRock Core Bond Trust (BHK). 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.
| QQQ | BHK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.02 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.10 | +2.91 |
| Martin ratioReturn relative to average drawdown | 11.22 | 0.23 | +10.99 |
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Drawdowns
QQQ vs. BHK - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than BHK's maximum drawdown of -39.59%. Use the drawdown chart below to compare losses from any high point for QQQ and BHK.
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Drawdown Indicators
| QQQ | BHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -39.59% | -43.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -8.13% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -14.73% | -8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -39.59% | +4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -39.59% | +4.47% |
Current DrawdownCurrent decline from peak | -3.33% | -20.66% | +17.33% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -7.78% | -24.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.32% | -0.12% |
Volatility
QQQ vs. BHK - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to BlackRock Core Bond Trust (BHK) at 3.85%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than BHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | BHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 3.85% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 6.59% | +7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 8.94% | +8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 14.46% | +8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 13.12% | +9.26% |
Dividends
QQQ vs. BHK - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than BHK's 9.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 9.94% | 9.25% | 8.56% | 8.21% | 7.91% | 6.36% | 5.06% | 5.32% | 6.39% | 5.56% | 6.23% | 7.03% |
QQQ Invesco QQQ ETF | 0.39% | 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
QQQ and BHK have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.56%) compared to BHK (3.85%). In terms of maximum drawdown, QQQ dropped -82.97% vs BHK's -39.59%.
QQQ currently has the higher Sharpe Ratio (2.09 vs 0.09), 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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