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QQQ vs. USB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. USB

Last updated Jun 14, 2026

QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while USB (U.S. Bancorp) is a stock. Over the past 10 years, QQQ returned 21.79%/yr vs 7.51%/yr for USB. At a 0.44 correlation, their price movements are largely independent.

Performance

QQQ vs. USB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and U.S. Bancorp (USB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQQ achieves a 17.57% return, which is significantly higher than USB's 11.60% return. Over the past 10 years, QQQ has outperformed USB with an annualized return of 21.79%, while USB has yielded a comparatively lower 7.51% 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%

USB

1D
2.27%
1M
10.96%
YTD
11.60%
6M
12.55%
1Y
42.92%
3Y*
27.50%
5Y*
4.36%
10Y*
7.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. USB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
USB
U.S. Bancorp		11.60%16.48%15.62%4.79%-19.13%24.32%-17.85%33.62%-12.36%6.61%

Correlation

The correlation between QQQ and USB is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Mar 10, 1999

0.44

The correlation between QQQ and USB shifts across timeframes, from 0.30 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

U.S. Bancorp

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with USB:
USB vs. BACUSB vs. TFCUSB vs. SCHDUSB vs. KEYUSB vs. CFGUSB vs. HBANUSB vs. VOO

Return for Risk

QQQ vs. USB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
Martin Ratio Rank
USB
USB Risk / Return Rank: 8383
Overall Rank
USB Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
USB Sortino Ratio Rank: 8383
Sortino Ratio Rank
USB Omega Ratio Rank: 8383
Omega Ratio Rank
USB Calmar Ratio Rank: 8080
Calmar Ratio Rank
USB Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ vs. USB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and U.S. Bancorp (USB). 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.

QQQUSBDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.77

+0.33

Sortino ratioReturn per unit of downside risk
2.73
2.41

+0.32

Omega ratioGain probability vs. loss probability

1.37

1.31

+0.06

Calmar ratioReturn relative to maximum drawdown

3.01

2.42

+0.58

Martin ratioReturn relative to average drawdown

11.22

6.02

+5.21

QQQ vs. USB - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.09, which is comparable to the USB Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of QQQ and USB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQ vs. USB - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than USB's maximum drawdown of -76.08%. Use the drawdown chart below to compare losses from any high point for QQQ and USB.

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Drawdown Indicators

QQQUSBDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-76.08%

-6.89%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-16.21%

+4.25%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-30.63%

+7.86%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-52.13%

+17.01%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-52.13%

+17.01%

Current Drawdown

Current decline from peak

-3.33%

-1.88%

-1.45%

Average Drawdown

Average peak-to-trough decline

-32.75%

-15.63%

-17.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

6.53%

-3.33%

Volatility

QQQ vs. USB - Volatility Comparison

Invesco QQQ ETF (QQQ) and U.S. Bancorp (USB) have volatilities of 7.56% and 7.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQUSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

7.25%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

13.81%

16.61%

-2.80%

Volatility (1Y)

Calculated over the trailing 1-year period

17.19%

22.27%

-5.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

29.82%

-7.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.38%

30.31%

-7.93%

Dividends

QQQ vs. USB - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than USB's 3.50% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
USB
U.S. Bancorp		3.50%3.82%4.14%4.46%4.31%3.13%3.61%2.66%2.93%2.16%2.08%2.37%

Frequently Asked Questions

QQQ and USB have a correlation of 0.30, 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 USB (7.25%). In terms of maximum drawdown, QQQ dropped -82.97% vs USB's -76.08%.

QQQ currently has the higher Sharpe Ratio (2.09 vs 1.77), 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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