PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SKYW vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SKYW vs. QQQM

Last updated Jun 5, 2026

SKYW (SkyWest, Inc.) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, SKYW returned 11.66%/yr vs 17.94%/yr for QQQM. At a 0.42 correlation, their price movements are largely independent.

Performance

SKYW vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SkyWest, Inc. (SKYW) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SKYW achieves a -16.99% return, which is significantly lower than QQQM's 20.73% return.

SKYW

1D
2.66%
1M
0.16%
YTD
-16.99%
6M
-18.39%
1Y
-17.19%
3Y*
35.87%
5Y*
11.66%
10Y*
13.77%

QQQM

1D
-0.54%
1M
8.67%
YTD
20.73%
6M
19.22%
1Y
40.83%
3Y*
28.64%
5Y*
17.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKYW vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SKYW
SkyWest, Inc.		-16.99%0.28%91.82%216.17%-57.99%-2.51%32.86%
QQQM
Invesco NASDAQ 100 ETF		20.73%20.85%25.68%55.01%-32.52%27.45%6.67%

Correlation

The correlation between SKYW and QQQM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

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

0.46

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

0.46

Correlation (All Time)
Calculated using the full available price history since Oct 14, 2020

0.42

Compare stocks, funds, or ETFs

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

SkyWest, Inc.

Invesco NASDAQ 100 ETF

Often compared with SKYW:
SKYW vs. ALKSKYW vs. GATXSKYW vs. SCHGSKYW vs. FTAISKYW vs. COSTSKYW vs. FNGUSKYW vs. FIX
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. JEPQQQQM vs. FTEC

Return for Risk

SKYW vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKYW
SKYW Risk / Return Rank: 2222
Overall Rank
SKYW Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
SKYW Sortino Ratio Rank: 2020
Sortino Ratio Rank
SKYW Omega Ratio Rank: 2121
Omega Ratio Rank
SKYW Calmar Ratio Rank: 2525
Calmar Ratio Rank
SKYW Martin Ratio Rank: 2424
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 7575
Overall Rank
QQQM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQM Omega Ratio Rank: 7575
Omega Ratio Rank
QQQM Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQM 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.

SKYW vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SkyWest, Inc. (SKYW) and Invesco NASDAQ 100 ETF (QQQM). 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.

SKYWQQQMDifference
Sharpe ratioReturn per unit of total volatility
-0.48
2.58

-3.05

Sortino ratioReturn per unit of downside risk
-0.48
3.38

-3.86

Omega ratioGain probability vs. loss probability

0.95

1.44

-0.50

Calmar ratioReturn relative to maximum drawdown

-0.47

3.43

-3.90

Martin ratioReturn relative to average drawdown

-0.89

13.15

-14.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKYW vs. QQQM - Sharpe Ratio Comparison

The current SKYW Sharpe Ratio is -0.48, which is lower than the QQQM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of SKYW and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

SKYWQQQMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.48

2.58

-3.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.81

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.84

-0.60

Drawdowns

SKYW vs. QQQM - Drawdown Comparison

The maximum SKYW drawdown since its inception was -81.77%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SKYW and QQQM.

Loading charts...

Drawdown Indicators

SKYWQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-81.77%

-35.04%

-46.73%

Max Drawdown (1Y)

Largest decline over 1 year

-36.63%

-11.96%

-24.67%

Max Drawdown (3Y)

Largest decline over 3 years

-36.63%

-22.70%

-13.93%

Max Drawdown (5Y)

Largest decline over 5 years

-71.50%

-35.04%

-36.46%

Max Drawdown (10Y)

Largest decline over 10 years

-81.77%

—

—

Current Drawdown

Current decline from peak

-32.63%

-0.75%

-31.88%

Average Drawdown

Average peak-to-trough decline

-35.43%

-8.24%

-27.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.31%

3.11%

+16.20%

Volatility

SKYW vs. QQQM - Volatility Comparison

SkyWest, Inc. (SKYW) has a higher volatility of 12.09% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.51%. This indicates that SKYW's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SKYWQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.09%

4.51%

+7.58%

Volatility (6M)

Calculated over the trailing 6-month period

27.06%

12.06%

+15.00%

Volatility (1Y)

Calculated over the trailing 1-year period

36.42%

15.91%

+20.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.55%

22.23%

+21.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.45%

22.11%

+29.34%

Dividends

SKYW vs. QQQM - Dividend Comparison

SKYW has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.42%.

PositionTTM20252024202320222021202020192018201720162015
QQQM
Invesco NASDAQ 100 ETF		0.42%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%
SKYW
SkyWest, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.35%0.74%0.90%0.60%0.52%0.84%

Frequently Asked Questions

SKYW and QQQM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SKYW has higher volatility (12.09%) compared to QQQM (4.51%). In terms of maximum drawdown, SKYW dropped -81.77% vs QQQM's -35.04%.

QQQM currently has the higher Sharpe Ratio (2.58 vs -0.47), 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.

Portfolio Optimizer

Find the right allocation for SKYW and QQQM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer