SKYW vs. QQQM
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 16.94%/yr vs 16.21%/yr for QQQM. At a 0.42 correlation, their price movements are largely independent.
Performance
SKYW vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, SKYW achieves a -2.11% return, which is significantly lower than QQQM's 16.89% return.
SKYW
- 1D
- 1.64%
- 1M
- 13.26%
- YTD
- -2.11%
- 6M
- -4.49%
- 1Y
- -0.81%
- 3Y*
- 36.19%
- 5Y*
- 16.94%
- 10Y*
- 15.33%
QQQM
- 1D
- 0.77%
- 1M
- -1.82%
- YTD
- 16.89%
- 6M
- 15.09%
- 1Y
- 33.06%
- 3Y*
- 26.84%
- 5Y*
- 16.21%
- 10Y*
- —
SKYW vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SKYW SkyWest, Inc. | -2.11% | 0.28% | 91.82% | 216.17% | -57.99% | -2.51% | 29.61% |
QQQM Invesco NASDAQ 100 ETF | 16.89% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between SKYW and QQQM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.42 |
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Return for Risk
SKYW vs. QQQM — Risk / Return Rank
SKYW
QQQM
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.
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.
| SKYW | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.33 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.78 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.04 | 10.21 | -10.25 |
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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.
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Drawdown Indicators
| SKYW | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -20.55% | -3.91% | -16.64% |
Average DrawdownAverage peak-to-trough decline | -35.42% | -8.19% | -27.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.29% | 3.25% | +17.04% |
Volatility
SKYW vs. QQQM - Volatility Comparison
SkyWest, Inc. (SKYW) has a higher volatility of 10.37% compared to Invesco NASDAQ 100 ETF (QQQM) at 8.84%. 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.
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Volatility by Period
| SKYW | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 8.84% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 14.40% | +13.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.81% | 17.79% | +19.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.64% | 22.54% | +21.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.47% | 22.29% | +29.18% |
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 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.44% | 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 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYW has higher volatility (10.37%) compared to QQQM (8.84%). In terms of maximum drawdown, SKYW dropped -81.77% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.87 vs -0.02), 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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