SKYT vs. QQQ
SKYT (SkyWater Technology, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, SKYT returned 4.04%/yr vs 15.94%/yr for QQQ. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
SKYT vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SKYT achieves a 93.01% return, which is significantly higher than QQQ's 15.95% return.
SKYT
- 1D
- -4.05%
- 1M
- -5.80%
- YTD
- 93.01%
- 6M
- 96.03%
- 1Y
- 274.87%
- 3Y*
- 61.90%
- 5Y*
- 4.04%
- 10Y*
- —
QQQ
- 1D
- -0.42%
- 1M
- -0.86%
- YTD
- 15.95%
- 6M
- 14.16%
- 1Y
- 32.28%
- 3Y*
- 25.87%
- 5Y*
- 15.94%
- 10Y*
- 22.01%
SKYT vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SKYT SkyWater Technology, Inc. | 93.01% | 31.59% | 43.45% | 35.30% | -56.17% | 4.65% |
QQQ Invesco QQQ ETF | 15.95% | 20.77% | 25.58% | 54.86% | -32.58% | 18.68% |
Correlation
The correlation between SKYT and QQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | 0.54 |
The correlation between SKYT and QQQ has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
SKYT vs. QQQ — Risk / Return Rank
SKYT
QQQ
SKYT vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWater Technology, Inc. (SKYT) 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.
| SKYT | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 2.71 | +3.78 |
| Martin ratioReturn relative to average drawdown | 17.06 | 10.01 | +7.04 |
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Drawdowns
SKYT vs. QQQ - Drawdown Comparison
The maximum SKYT drawdown since its inception was -86.72%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SKYT and QQQ.
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Drawdown Indicators
| SKYT | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.72% | -82.97% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -42.64% | -11.96% | -30.68% |
Max Drawdown (3Y)Largest decline over 3 years | -63.57% | -22.77% | -40.80% |
Max Drawdown (5Y)Largest decline over 5 years | -86.72% | -35.12% | -51.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -12.18% | -4.66% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -59.30% | -32.72% | -26.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.20% | 3.23% | +12.97% |
Volatility
SKYT vs. QQQ - Volatility Comparison
SkyWater Technology, Inc. (SKYT) has a higher volatility of 15.73% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that SKYT'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
| SKYT | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.73% | 9.17% | +6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 43.44% | 14.54% | +28.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.42% | 17.95% | +79.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.45% | 22.69% | +73.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.24% | 22.41% | +74.83% |
Dividends
SKYT vs. QQQ - Dividend Comparison
SKYT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
SKYT SkyWater Technology, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKYT and QQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYT has higher volatility (15.73%) compared to QQQ (9.17%). In terms of maximum drawdown, SKYT dropped -86.72% vs QQQ's -82.97%.
SKYT currently has the higher Sharpe Ratio (2.84 vs 1.81), 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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