QQQ vs. HD
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while HD (The Home Depot, Inc.) is a stock. Over the past 10 years, QQQ returned 21.79%/yr vs 12.81%/yr for HD. At a 0.50 correlation, their price movements are largely independent.
Performance
QQQ vs. HD - 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 HD's -3.21% return. Over the past 10 years, QQQ has outperformed HD with an annualized return of 21.79%, while HD has yielded a comparatively lower 12.81% 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%
HD
- 1D
- 0.73%
- 1M
- 9.35%
- YTD
- -3.21%
- 6M
- -7.39%
- 1Y
- -7.17%
- 3Y*
- 5.70%
- 5Y*
- 3.66%
- 10Y*
- 12.81%
QQQ vs. HD - 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% |
HD The Home Depot, Inc. | -3.21% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
Correlation
The correlation between QQQ and HD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.50 |
Over the past year, the correlation between QQQ and HD has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
QQQ vs. HD — Risk / Return Rank
QQQ
HD
QQQ vs. HD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and The Home Depot, Inc. (HD). 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 | HD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.40 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.97 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | -0.25 | +3.26 |
| Martin ratioReturn relative to average drawdown | 11.22 | -0.50 | +11.72 |
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Drawdowns
QQQ vs. HD - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than HD's maximum drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for QQQ and HD.
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Drawdown Indicators
| QQQ | HD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -70.46% | -12.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -28.81% | +16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -28.84% | +6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -34.73% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -37.99% | +2.87% |
Current DrawdownCurrent decline from peak | -3.33% | -20.86% | +17.53% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -20.60% | -12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 14.34% | -11.14% |
Volatility
QQQ vs. HD - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to The Home Depot, Inc. (HD) at 6.82%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than HD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | HD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 6.82% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 17.97% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 23.74% | -6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 24.12% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 24.84% | -2.46% |
Dividends
QQQ vs. HD - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than HD's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 2.82% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
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 HD have a correlation of 0.20, 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 HD (6.82%). In terms of maximum drawdown, QQQ dropped -82.97% vs HD's -70.46%.
QQQ currently has the higher Sharpe Ratio (2.09 vs -0.30), 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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