SMTC vs. QQQM

Last updated Apr 1, 2026

Compare and contrast key facts about Semtech Corporation (SMTC) and Invesco NASDAQ 100 ETF (QQQM).

QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.

Performance

SMTC vs. QQQM - Performance Comparison

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

SMTC vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SMTC Semtech Corporation	4.34%	19.14%	182.29%	-23.63%	-67.74%	23.36%	24.31%
QQQM Invesco NASDAQ 100 ETF	-5.92%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Returns By Period

In the year-to-date period, SMTC achieves a 4.34% return, which is significantly higher than QQQM's -5.92% return.

SMTC

• 1D: 8.89%
• 1M: -14.77%
• YTD: 4.34%
• 6M: 7.61%
• 1Y: 123.52%
• 3Y*: 47.13%
• 5Y*: 1.48%
• 10Y*: 13.04%

QQQM

• 1D: 3.37%
• 1M: -4.84%
• YTD: -5.92%
• 6M: -3.59%
• 1Y: 23.76%
• 3Y*: 22.41%
• 5Y*: 12.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SMTC vs. QQQM — Risk / Return Rank

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

SMTC

SMTC Risk / Return Rank: 88
SMTC Sharpe Ratio Rank: 90
SMTC Sortino Ratio Rank: 86
SMTC Omega Ratio Rank: 84
SMTC Calmar Ratio Rank: 89
SMTC Martin Ratio Rank: 92

QQQM

QQQM Risk / Return Rank: 70
QQQM Sharpe Ratio Rank: 64
QQQM Sortino Ratio Rank: 69
QQQM Omega Ratio Rank: 68
QQQM Calmar Ratio Rank: 76
QQQM Martin Ratio Rank: 73

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.

SMTC vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Semtech Corporation (SMTC) 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.

	SMTC	QQQM	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.06	+0.83
Sortino ratio Return per unit of downside risk	2.42	1.65	+0.77
Omega ratio Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio Return relative to maximum drawdown	3.56	1.89	+1.67
Martin ratio Return relative to average drawdown	12.19	6.96	+5.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMTC vs. QQQM - Sharpe Ratio Comparison

The current SMTC Sharpe Ratio is 1.89, which is higher than the QQQM Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of SMTC and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMTC	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.06	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.59	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.63	-0.47

Correlation

The correlation between SMTC and QQQM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SMTC vs. QQQM - Dividend Comparison

SMTC has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.53%.

	TTM	2025	2024	2023	2022	2021	2020
SMTC Semtech Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Drawdowns

SMTC vs. QQQM - Drawdown Comparison

The maximum SMTC drawdown since its inception was -92.82%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SMTC and QQQM.

Drawdown Indicators

	SMTC	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-92.82%	-35.04%	-57.78%
Max Drawdown (1Y) Largest decline over 1 year	-33.53%	-12.55%	-20.98%
Max Drawdown (5Y) Largest decline over 5 years	-85.40%	-35.04%	-50.36%
Max Drawdown (10Y) Largest decline over 10 years	-85.40%	—	—
Current Drawdown Current decline from peak	-20.16%	-8.99%	-11.17%
Average Drawdown Average peak-to-trough decline	-48.15%	-8.47%	-39.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.79%	3.41%	+6.38%

Volatility

SMTC vs. QQQM - Volatility Comparison

Semtech Corporation (SMTC) has a higher volatility of 24.45% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.48%. This indicates that SMTC'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.

Volatility by Period

	SMTC	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.45%	6.48%	+17.97%
Volatility (6M) Calculated over the trailing 6-month period	44.55%	12.73%	+31.82%
Volatility (1Y) Calculated over the trailing 1-year period	65.62%	22.42%	+43.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.21%	22.25%	+38.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.75%	22.27%	+30.48%