QQQ vs. TD
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while TD (The Toronto-Dominion Bank) is a stock. Over the past 10 years, QQQ returned 21.79%/yr vs 15.16%/yr for TD. At a 0.45 correlation, their price movements are largely independent.
Performance
QQQ vs. TD - 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 TD's 26.58% return. Over the past 10 years, QQQ has outperformed TD with an annualized return of 21.79%, while TD has yielded a comparatively lower 15.16% annualized return.
QQQ
- 1D
- 0.59%
- 1M
- 1.75%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
TD
- 1D
- 0.93%
- 1M
- 9.00%
- YTD
- 26.58%
- 6M
- 30.43%
- 1Y
- 71.79%
- 3Y*
- 31.09%
- 5Y*
- 15.31%
- 10Y*
- 15.16%
QQQ vs. TD - 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% |
TD The Toronto-Dominion Bank | 26.58% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
Correlation
The correlation between QQQ and TD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.45 |
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Return for Risk
QQQ vs. TD — Risk / Return Rank
QQQ
TD
QQQ vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and The Toronto-Dominion Bank (TD). 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 | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.71 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 9.63 | -6.62 |
| Martin ratioReturn relative to average drawdown | 11.22 | 37.58 | -26.36 |
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Drawdowns
QQQ vs. TD - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than TD's maximum drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for QQQ and TD.
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Drawdown Indicators
| QQQ | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -64.18% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -7.50% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -19.19% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -30.93% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -41.98% | +6.86% |
Current DrawdownCurrent decline from peak | -3.33% | 0.00% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -11.22% | -21.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.92% | +1.28% |
Volatility
QQQ vs. TD - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to The Toronto-Dominion Bank (TD) at 5.00%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than TD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 5.00% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 12.55% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 16.57% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 19.83% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 21.72% | +0.66% |
Dividends
QQQ vs. TD - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than TD's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TD The Toronto-Dominion Bank | 2.62% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Frequently Asked Questions
QQQ and TD have a correlation of 0.44, 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 TD (5.00%). In terms of maximum drawdown, QQQ dropped -82.97% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.36 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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