QQQ vs. WM
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while WM (Waste Management, Inc.) is a stock. Over the past 10 years, QQQ returned 21.59%/yr vs 15.25%/yr for WM. At a 0.36 correlation, their price movements are largely independent.
Performance
QQQ vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 16.71% return, which is significantly higher than WM's -0.81% return. Over the past 10 years, QQQ has outperformed WM with an annualized return of 21.59%, while WM has yielded a comparatively lower 15.25% annualized return.
QQQ
- 1D
- 1.56%
- 1M
- 0.68%
- YTD
- 16.71%
- 6M
- 15.00%
- 1Y
- 35.78%
- 3Y*
- 27.15%
- 5Y*
- 16.98%
- 10Y*
- 21.59%
WM
- 1D
- -1.93%
- 1M
- 0.79%
- YTD
- -0.81%
- 6M
- 3.67%
- 1Y
- -7.08%
- 3Y*
- 11.63%
- 5Y*
- 10.86%
- 10Y*
- 15.25%
QQQ vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 16.71% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
WM Waste Management, Inc. | -0.81% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between QQQ and WM is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 1999 | 0.36 |
The correlation between QQQ and WM shifts across timeframes, from -0.24 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ vs. WM — Risk / Return Rank
QQQ
WM
QQQ vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Waste Management, Inc. (WM). 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.
| QQQ | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.95 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.43 | +3.43 |
| Martin ratioReturn relative to average drawdown | 11.43 | -0.95 | +12.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQ | WM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | -0.38 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.59 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.78 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.36 | +0.04 |
Drawdowns
QQQ vs. WM - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than WM's maximum drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for QQQ and WM.
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Drawdown Indicators
| QQQ | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -77.85% | -5.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -16.72% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -18.14% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -18.14% | -16.98% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -30.07% | -5.05% |
Current DrawdownCurrent decline from peak | -4.03% | -11.59% | +7.56% |
Average DrawdownAverage peak-to-trough decline | -32.77% | -17.69% | -15.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 7.49% | -4.35% |
Volatility
QQQ vs. WM - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 6.84% compared to Waste Management, Inc. (WM) at 5.91%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than WM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 5.91% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 13.69% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 18.73% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 18.55% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 19.51% | +2.85% |
Dividends
QQQ vs. WM - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than WM's 1.64% 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% |
WM Waste Management, Inc. | 1.64% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Frequently Asked Questions
QQQ and WM have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.84%) compared to WM (5.91%). In terms of maximum drawdown, QQQ dropped -82.97% vs WM's -77.85%.
QQQ currently has the higher Sharpe Ratio (2.15 vs -0.38), 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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