QQQM vs. MSTR
QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while MSTR (Strategy Inc) is a stock. Over the past 5 years, QQQM returned 16.94%/yr vs 19.14%/yr for MSTR. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
QQQM vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, QQQM achieves a 17.59% return, which is significantly higher than MSTR's -18.41% return.
QQQM
- 1D
- 0.67%
- 1M
- 0.97%
- YTD
- 17.59%
- 6M
- 17.91%
- 1Y
- 35.90%
- 3Y*
- 26.52%
- 5Y*
- 16.94%
- 10Y*
- —
MSTR
- 1D
- 3.18%
- 1M
- -30.37%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.36%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
QQQM vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 17.59% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 133.42% |
Correlation
The correlation between QQQM and MSTR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.51 |
The correlation between QQQM and MSTR has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
QQQM vs. MSTR — Risk / Return Rank
QQQM
MSTR
QQQM vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Strategy Inc (MSTR). 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.
| QQQM | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.82 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | -0.88 | +3.90 |
| Martin ratioReturn relative to average drawdown | 11.23 | -1.27 | +12.50 |
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Drawdowns
QQQM vs. MSTR - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for QQQM and MSTR.
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Drawdown Indicators
| QQQM | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -99.86% | +64.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -76.53% | +64.57% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -77.42% | +54.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.04% | -84.11% | +49.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -3.33% | -73.84% | +70.51% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -86.45% | +78.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 53.01% | -49.80% |
Volatility
QQQM vs. MSTR - Volatility Comparison
The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 7.45%, while Strategy Inc (MSTR) has a volatility of 21.60%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQM | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 21.60% | -14.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 57.34% | -43.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 71.15% | -54.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 90.79% | -68.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 73.80% | -51.58% |
Dividends
QQQM vs. MSTR - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.43%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.43% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
QQQM and MSTR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to QQQM (7.45%). In terms of maximum drawdown, QQQM dropped -35.04% vs MSTR's -99.86%.
QQQM currently has the higher Sharpe Ratio (2.11 vs -0.95), 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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