QQQ vs. IREN
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while IREN (IREN Limited) is a stock. Over the past 3 years, QQQ returned 26.43%/yr vs 155.58%/yr for IREN. At a 0.42 correlation, their price movements are largely independent.
Performance
QQQ vs. IREN - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 17.57% return, which is significantly lower than IREN's 58.25% 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%
IREN
- 1D
- 5.40%
- 1M
- 8.34%
- YTD
- 58.25%
- 6M
- 48.94%
- 1Y
- 487.71%
- 3Y*
- 155.58%
- 5Y*
- —
- 10Y*
- —
QQQ vs. IREN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 0.24% |
IREN IREN Limited | 58.25% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
Correlation
The correlation between QQQ and IREN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.42 |
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Return for Risk
QQQ vs. IREN — Risk / Return Rank
QQQ
IREN
QQQ vs. IREN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and IREN Limited (IREN). 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 | IREN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 8.39 | -5.38 |
| Martin ratioReturn relative to average drawdown | 11.22 | 15.97 | -4.74 |
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Drawdowns
QQQ vs. IREN - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, smaller than the maximum IREN drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for QQQ and IREN.
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Drawdown Indicators
| QQQ | IREN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -96.21% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -58.62% | +46.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -65.56% | +42.79% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | -21.78% | +18.45% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -65.42% | +32.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 30.74% | -27.54% |
Volatility
QQQ vs. IREN - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 7.56%, while IREN Limited (IREN) has a volatility of 34.10%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than IREN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | IREN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 34.10% | -26.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 75.79% | -61.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 103.25% | -86.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 118.61% | -96.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 118.61% | -96.23% |
Dividends
QQQ vs. IREN - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, while IREN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IREN IREN Limited | 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 | 0.39% | 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 IREN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (34.10%) compared to QQQ (7.56%). In terms of maximum drawdown, QQQ dropped -82.97% vs IREN's -96.21%.
IREN currently has the higher Sharpe Ratio (4.76 vs 2.09), 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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