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SMB vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SMB and QQQ is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.0

Performance

SMB vs. QQQ - Performance Comparison

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

-5.00%0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2025February
1.08%
6.61%
SMB
QQQ

Key characteristics

Sharpe Ratio

SMB:

1.82

QQQ:

0.83

Sortino Ratio

SMB:

2.63

QQQ:

1.19

Omega Ratio

SMB:

1.36

QQQ:

1.16

Calmar Ratio

SMB:

1.33

QQQ:

1.13

Martin Ratio

SMB:

11.35

QQQ:

3.84

Ulcer Index

SMB:

0.30%

QQQ:

3.98%

Daily Std Dev

SMB:

1.91%

QQQ:

18.44%

Max Drawdown

SMB:

-12.64%

QQQ:

-82.98%

Current Drawdown

SMB:

-0.12%

QQQ:

-7.27%

Returns By Period

In the year-to-date period, SMB achieves a 0.98% return, which is significantly higher than QQQ's -2.14% return. Over the past 10 years, SMB has underperformed QQQ with an annualized return of 1.27%, while QQQ has yielded a comparatively higher 17.39% annualized return.


SMB

YTD

0.98%

1M

0.54%

6M

1.08%

1Y

3.40%

5Y*

0.89%

10Y*

1.27%

QQQ

YTD

-2.14%

1M

-4.13%

6M

6.61%

1Y

15.62%

5Y*

20.28%

10Y*

17.39%

*Annualized

Compare stocks, funds, or ETFs

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SMB vs. QQQ - Expense Ratio Comparison

Both SMB and QQQ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for SMB: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

SMB vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMB
The Risk-Adjusted Performance Rank of SMB is 7878
Overall Rank
The Sharpe Ratio Rank of SMB is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of SMB is 8484
Sortino Ratio Rank
The Omega Ratio Rank of SMB is 8484
Omega Ratio Rank
The Calmar Ratio Rank of SMB is 5555
Calmar Ratio Rank
The Martin Ratio Rank of SMB is 8484
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 3939
Overall Rank
The Sharpe Ratio Rank of QQQ is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 3333
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 3535
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 4848
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 4444
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SMB vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) and Invesco QQQ (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.


The chart of Sharpe ratio for SMB, currently valued at 1.82, compared to the broader market0.002.004.001.820.83
The chart of Sortino ratio for SMB, currently valued at 2.63, compared to the broader market-2.000.002.004.006.008.0010.0012.002.631.19
The chart of Omega ratio for SMB, currently valued at 1.36, compared to the broader market0.501.001.502.002.503.001.361.16
The chart of Calmar ratio for SMB, currently valued at 1.33, compared to the broader market0.005.0010.0015.001.331.13
The chart of Martin ratio for SMB, currently valued at 11.35, compared to the broader market0.0020.0040.0060.0080.00100.0011.353.84
SMB
QQQ

The current SMB Sharpe Ratio is 1.82, which is higher than the QQQ Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SMB and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50SeptemberOctoberNovemberDecember2025February
1.82
0.83
SMB
QQQ

Dividends

SMB vs. QQQ - Dividend Comparison

SMB's dividend yield for the trailing twelve months is around 2.39%, more than QQQ's 0.57% yield.


TTM20242023202220212020201920182017201620152014
SMB
VanEck Short Muni ETF
2.39%2.38%1.83%1.32%1.10%1.50%1.58%1.49%1.23%1.12%1.13%1.21%
QQQ
Invesco QQQ
0.57%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

SMB vs. QQQ - Drawdown Comparison

The maximum SMB drawdown since its inception was -12.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SMB and QQQ. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-0.12%
-7.27%
SMB
QQQ

Volatility

SMB vs. QQQ - Volatility Comparison

The current volatility for VanEck Short Muni ETF (SMB) is 0.45%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that SMB experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%SeptemberOctoberNovemberDecember2025February
0.45%
4.91%
SMB
QQQ