TD vs. QQQ
TD (The Toronto-Dominion Bank) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TD returned 15.53%/yr vs 20.44%/yr for QQQ. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
TD vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 30.24% return, which is significantly higher than QQQ's 12.26% return. Over the past 10 years, TD has underperformed QQQ with an annualized return of 15.53%, while QQQ has yielded a comparatively higher 20.44% annualized return.
TD
- 1D
- 0.13%
- 1M
- 1.19%
- 6M
- 30.15%
- YTD
- 30.24%
- 1Y
- 70.70%
- 3Y*
- 28.14%
- 5Y*
- 17.56%
- 10Y*
- 15.53%
- ALL TIME*
- 15.63%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.32B | $28.40B | $31.45B | |
| $282.42M | $388.32M | $277.26M |
TD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 30.24% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between TD and QQQ is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.45 |
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Return for Risk
TD vs. QQQ — Risk / Return Rank
TD
QQQ
TD vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) 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.
| TD | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.83 | ||
| Sortino ratioReturn per unit of downside risk | +3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.21 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 9.37 | 1.88 | +7.49 |
| Martin ratioReturn relative to average drawdown | 35.40 | 6.00 | +29.40 |
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Drawdowns
TD vs. QQQ - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TD and QQQ.
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Drawdown Indicators
| TD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -82.97% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -11.96% | +4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -22.77% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -35.12% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -35.12% | -6.86% |
Current DrawdownCurrent decline from peak | -3.91% | -7.69% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -32.62% | +21.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 3.74% | -1.76% |
Volatility
TD vs. QQQ - Volatility Comparison
The Toronto-Dominion Bank (TD) and Invesco QQQ ETF (QQQ) have volatilities of 7.00% and 6.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 6.87% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 16.08% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 19.38% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 22.90% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 22.50% | -0.76% |
Dividends
TD vs. QQQ - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.58%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
TD The Toronto-Dominion Bank | 2.58% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Frequently Asked Questions
TD and QQQ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TD has higher volatility (7.00%) compared to QQQ (6.87%). In terms of maximum drawdown, TD dropped -64.18% vs QQQ's -82.97%.
TD currently has the higher Sharpe Ratio (3.99 vs 1.16), 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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