QQQ vs. TPL
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while TPL (Texas Pacific Land Corporation) is a stock. Over the past 10 years, QQQ returned 22.31%/yr vs 35.75%/yr for TPL. At a 0.18 correlation, their price movements are largely independent.
Performance
QQQ vs. TPL - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 21.26% return, which is significantly lower than TPL's 26.65% return. Over the past 10 years, QQQ has underperformed TPL with an annualized return of 22.31%, while TPL has yielded a comparatively higher 35.75% annualized return.
QQQ
- 1D
- 3.14%
- 1M
- 4.95%
- YTD
- 21.26%
- 6M
- 22.17%
- 1Y
- 41.87%
- 3Y*
- 27.20%
- 5Y*
- 17.59%
- 10Y*
- 22.31%
TPL
- 1D
- -4.26%
- 1M
- -5.67%
- YTD
- 26.65%
- 6M
- 29.97%
- 1Y
- -2.18%
- 3Y*
- 35.41%
- 5Y*
- 17.26%
- 10Y*
- 35.75%
QQQ vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 21.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
TPL Texas Pacific Land Corporation | 26.65% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
Correlation
The correlation between QQQ and TPL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.18 |
The correlation between QQQ and TPL shifts across timeframes, from 0.11 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ vs. TPL — Risk / Return Rank
QQQ
TPL
QQQ vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Texas Pacific Land Corporation (TPL). 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 | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.03 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | -0.07 | +3.58 |
| Martin ratioReturn relative to average drawdown | 13.12 | -0.14 | +13.26 |
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Drawdowns
QQQ vs. TPL - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than TPL's maximum drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for QQQ and TPL.
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Drawdown Indicators
| QQQ | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -73.05% | -9.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -32.69% | +20.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -52.22% | +29.45% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -52.50% | +17.38% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -65.46% | +30.34% |
Current DrawdownCurrent decline from peak | -0.29% | -36.47% | +36.18% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -27.27% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 17.20% | -14.00% |
Volatility
QQQ vs. TPL - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 8.14%, while Texas Pacific Land Corporation (TPL) has a volatility of 14.84%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 14.84% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 38.33% | -24.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 47.12% | -29.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 46.28% | -23.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 47.14% | -24.73% |
Dividends
QQQ vs. TPL - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.38%, less than TPL's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
TPL Texas Pacific Land Corporation | 0.62% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Frequently Asked Questions
QQQ and TPL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPL has higher volatility (14.84%) compared to QQQ (8.14%). In terms of maximum drawdown, QQQ dropped -82.97% vs TPL's -73.05%.
QQQ currently has the higher Sharpe Ratio (2.42 vs -0.05), 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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