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 15.63%/yr vs 22.07%/yr for QQQ. At a 0.45 correlation, their price movements are largely independent.
Performance
TD vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 28.91% return, which is significantly higher than QQQ's 16.45% return. Over the past 10 years, TD has underperformed QQQ with an annualized return of 15.63%, while QQQ has yielded a comparatively higher 22.07% annualized return.
TD
- 1D
- -0.08%
- 1M
- 6.81%
- YTD
- 28.91%
- 6M
- 29.04%
- 1Y
- 74.02%
- 3Y*
- 32.51%
- 5Y*
- 16.08%
- 10Y*
- 15.63%
QQQ
- 1D
- -3.29%
- 1M
- -0.43%
- YTD
- 16.45%
- 6M
- 14.99%
- 1Y
- 34.88%
- 3Y*
- 26.05%
- 5Y*
- 16.01%
- 10Y*
- 22.07%
TD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 28.91% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
QQQ Invesco QQQ ETF | 16.45% | 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 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.35 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 9.92 | 2.93 | +6.99 |
| Martin ratioReturn relative to average drawdown | 38.73 | 10.86 | +27.87 |
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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 | -0.08% | -4.25% | +4.17% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -32.73% | +21.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.22% | -1.30% |
Volatility
TD vs. QQQ - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 4.47%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that TD 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.
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Volatility by Period
| TD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 9.17% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 14.57% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 17.96% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 22.69% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 22.42% | -0.75% |
Dividends
TD vs. QQQ - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.57%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.43% | 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 | 2.57% | 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 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (9.17%) compared to TD (4.47%). In terms of maximum drawdown, TD dropped -64.18% vs QQQ's -82.97%.
TD currently has the higher Sharpe Ratio (4.50 vs 1.95), 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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