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SAPGF vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SAPGF vs. QQQ

Last updated Jun 23, 2026

SAPGF (SAP SE) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, SAPGF returned 11.27%/yr vs 22.48%/yr for QQQ. At a 0.30 correlation, their price movements are largely independent.

Performance

SAPGF vs. QQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, SAPGF achieves a -39.04% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, SAPGF has underperformed QQQ with an annualized return of 11.27%, while QQQ has yielded a comparatively higher 22.48% annualized return.

SAPGF

1D
-5.08%
1M
-15.88%
YTD
-39.04%
6M
-39.09%
1Y
-47.99%
3Y*
5.19%
5Y*
4.01%
10Y*
11.27%

QQQ

1D
-0.25%
1M
2.96%
YTD
20.41%
6M
19.46%
1Y
40.91%
3Y*
27.47%
5Y*
16.94%
10Y*
22.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAPGF vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SAPGF
SAP SE		-39.04%3.55%61.61%53.20%-22.21%23.04%1.55%38.81%-11.13%28.84%
QQQ
Invesco QQQ ETF		20.41%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between SAPGF and QQQ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.40

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

0.42

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

0.40

Correlation (All Time)
Calculated using the full available price history since Jul 17, 2007

0.30

The correlation between SAPGF and QQQ shifts across timeframes, from 0.30 (all time) to 0.42 (5 years), 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.

SAP SE

Invesco QQQ ETF

Often compared with SAPGF:
SAPGF vs. ^GSPCSAPGF vs. VTISAPGF vs. VUSA.ASSAPGF vs. DUE.DESAPGF vs. BAS.DESAPGF vs. VOW3.DESAPGF vs. BLK
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

SAPGF vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAPGF
SAPGF Risk / Return Rank: 33
Overall Rank
SAPGF Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SAPGF Sortino Ratio Rank: 33
Sortino Ratio Rank
SAPGF Omega Ratio Rank: 33
Omega Ratio Rank
SAPGF Calmar Ratio Rank: 66
Calmar Ratio Rank
SAPGF Martin Ratio Rank: 33
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7272
Overall Rank
QQQ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7272
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
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.

SAPGF vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAPGF) and Invesco QQQ ETF (QQQ). 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.

SAPGFQQQDifference
Sharpe ratioReturn per unit of total volatility
-1.31
2.33

-3.64

Sortino ratioReturn per unit of downside risk
-1.97
3.03

-5.00

Omega ratioGain probability vs. loss probability

0.75

1.41

-0.65

Calmar ratioReturn relative to maximum drawdown

-0.92

3.44

-4.35

Martin ratioReturn relative to average drawdown

-1.64

12.79

-14.42

SAPGF vs. QQQ - Sharpe Ratio Comparison

The current SAPGF Sharpe Ratio is -1.31, which is lower than the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SAPGF and QQQ, 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

SAPGF vs. QQQ - Drawdown Comparison

The maximum SAPGF drawdown since its inception was -52.36%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SAPGF and QQQ.

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Drawdown Indicators

SAPGFQQQDifference

Max Drawdown

Largest peak-to-trough decline

-52.36%

-82.97%

+30.61%

Max Drawdown (1Y)

Largest decline over 1 year

-52.36%

-11.96%

-40.40%

Max Drawdown (3Y)

Largest decline over 3 years

-52.36%

-22.77%

-29.59%

Max Drawdown (5Y)

Largest decline over 5 years

-52.36%

-35.12%

-17.24%

Max Drawdown (10Y)

Largest decline over 10 years

-52.36%

-35.12%

-17.24%

Current Drawdown

Current decline from peak

-52.36%

-0.99%

-51.37%

Average Drawdown

Average peak-to-trough decline

-12.72%

-32.73%

+20.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

29.38%

3.21%

+26.17%

Volatility

SAPGF vs. QQQ - Volatility Comparison

SAP SE (SAPGF) has a higher volatility of 14.28% compared to Invesco QQQ ETF (QQQ) at 8.47%. This indicates that SAPGF's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SAPGFQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.28%

8.47%

+5.81%

Volatility (6M)

Calculated over the trailing 6-month period

33.02%

14.20%

+18.82%

Volatility (1Y)

Calculated over the trailing 1-year period

36.75%

17.67%

+19.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.92%

22.64%

+9.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.23%

22.43%

+8.80%

Dividends

SAPGF vs. QQQ - Dividend Comparison

SAPGF has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.49%.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.49%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
SAPGF
SAP SE		0.00%3.24%1.98%2.92%4.46%12.57%2.67%2.55%1.69%1.22%0.00%0.00%

Frequently Asked Questions

SAPGF and QQQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SAPGF has higher volatility (14.28%) compared to QQQ (8.47%). In terms of maximum drawdown, SAPGF dropped -52.36% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (2.33 vs -1.31), 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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