TOST vs. QQQ
TOST (Toast, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 3 years, TOST returned 6.11%/yr vs 24.08%/yr for QQQ. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
TOST vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TOST achieves a -15.63% return, which is significantly lower than QQQ's 16.13% return.
TOST
- 1D
- 2.18%
- 1M
- 20.71%
- 6M
- -17.24%
- YTD
- -15.63%
- 1Y
- -30.95%
- 3Y*
- 6.11%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -1.90%
- 1M
- -1.22%
- 6M
- 13.75%
- YTD
- 16.13%
- 1Y
- 29.05%
- 3Y*
- 24.08%
- 5Y*
- 15.10%
- 10Y*
- 21.19%
TOST vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOST Toast, Inc. | -15.63% | -2.58% | 99.62% | 1.28% | -48.06% | -46.81% |
QQQ Invesco QQQ ETF | 16.13% | 20.77% | 25.58% | 54.86% | -32.58% | 8.80% |
Correlation
The correlation between TOST and QQQ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.52 |
Over the past year, the correlation between TOST and QQQ has dropped to 0.26 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
TOST vs. QQQ — Risk / Return Rank
TOST
QQQ
TOST vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toast, Inc. (TOST) 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.
| TOST | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.44 | -3.01 |
| Martin ratioReturn relative to average drawdown | -0.89 | 8.74 | -9.63 |
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Drawdowns
TOST vs. QQQ - Drawdown Comparison
The maximum TOST drawdown since its inception was -80.57%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TOST and QQQ.
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Drawdown Indicators
| TOST | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.57% | -82.97% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -54.71% | -11.96% | -42.75% |
Max Drawdown (3Y)Largest decline over 3 years | -54.71% | -22.77% | -31.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -54.09% | -4.51% | -49.58% |
Average DrawdownAverage peak-to-trough decline | -58.01% | -32.67% | -25.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.91% | 3.33% | +31.58% |
Volatility
TOST vs. QQQ - Volatility Comparison
Toast, Inc. (TOST) has a higher volatility of 10.70% compared to Invesco QQQ ETF (QQQ) at 8.69%. This indicates that TOST's price experiences larger fluctuations and is considered to be riskier 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
| TOST | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 8.69% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 37.36% | 15.40% | +21.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.17% | 18.61% | +27.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.00% | 22.80% | +38.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.00% | 22.44% | +38.56% |
Dividends
TOST vs. QQQ - Dividend Comparison
TOST has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| 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% |
TOST Toast, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOST and QQQ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOST has higher volatility (10.70%) compared to QQQ (8.69%). In terms of maximum drawdown, TOST dropped -80.57% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.57 vs -0.67), 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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