TPST vs. QQQ

Last updated Jul 23, 2026

TPST (Tempest Therapeutics, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TPST returned -61.96%/yr vs 20.88%/yr for QQQ. At a 0.25 correlation, their price movements are largely independent.

Performance

TPST vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, TPST achieves a -66.86% return, which is significantly lower than QQQ's 15.09% return. Over the past 10 years, TPST has underperformed QQQ with an annualized return of -61.96%, while QQQ has yielded a comparatively higher 20.88% annualized return.

TPST

• 1D: -3.95%
• 1M: -23.91%
• 6M: -63.56%
• YTD: -66.86%
• 1Y: -84.93%
• 3Y*: -58.31%
• 5Y*: -65.52%
• 10Y*: -61.96%
• ALL TIME*: -52.00%

QQQ

• 1D: -0.51%
• 1M: -4.42%
• 6M: 14.72%
• YTD: 15.09%
• 1Y: 26.28%
• 3Y*: 24.09%
• 5Y*: 14.57%
• 10Y*: 20.88%
• ALL TIME*: 10.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQ Invesco QQQ ETF	$24.09B	$28.20B	$30.44B
TPST Tempest Therapeutics, Inc.	$204.05K	$251.46K	$220.57K

TPST vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPST Tempest Therapeutics, Inc.	-66.86%	-73.54%	-81.03%	282.61%	-78.22%	-83.55%	-68.25%	-15.22%	-62.14%	-8.50%
QQQ Invesco QQQ ETF	15.09%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between TPST and QQQ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 12, 2012	0.25

Return for Risk

TPST vs. QQQ — Risk / Return Rank

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

TPST

TPST Risk / Return Rank: 8
TPST Sharpe Ratio Rank: 10
TPST Sortino Ratio Rank: 6
TPST Omega Ratio Rank: 5
TPST Calmar Ratio Rank: 7
TPST Martin Ratio Rank: 14

QQQ

QQQ Risk / Return Rank: 54
QQQ Sharpe Ratio Rank: 53
QQQ Sortino Ratio Rank: 50
QQQ Omega Ratio Rank: 51
QQQ Calmar Ratio Rank: 58
QQQ Martin Ratio Rank: 58

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.

TPST vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tempest Therapeutics, Inc. (TPST) 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.

	TPST	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	1.40	-2.22
Sortino ratio: Return per unit of downside risk	-1.59	1.93	-3.52
Omega ratio: Gain probability vs. loss probability	0.78	1.25	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.92	2.21	-3.13
Martin ratio: Return relative to average drawdown	-1.26	7.64	-8.91

TPST vs. QQQ - Sharpe Ratio Comparison

The current TPST Sharpe Ratio is -0.82, which is lower than the QQQ Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of TPST and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPST vs. QQQ - Drawdown Comparison

The maximum TPST drawdown since its inception was -100.00%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TPST and QQQ.

Drawdown Indicators

	TPST	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-82.97%	-17.03%
Max Drawdown (1Y) Largest decline over 1 year	-91.96%	-11.96%	-80.00%
Max Drawdown (3Y) Largest decline over 3 years	-99.25%	-22.77%	-76.48%
Max Drawdown (5Y) Largest decline over 5 years	-99.54%	-35.12%	-64.42%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-35.12%	-64.88%
Current Drawdown Current decline from peak	-100.00%	-5.37%	-94.63%
Average Drawdown Average peak-to-trough decline	-83.01%	-32.64%	-50.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.17%	3.45%	+63.72%

Volatility

TPST vs. QQQ - Volatility Comparison

Tempest Therapeutics, Inc. (TPST) has a higher volatility of 20.54% compared to Invesco QQQ ETF (QQQ) at 7.20%. This indicates that TPST'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.

Volatility by Period

	TPST	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.54%	7.20%	+13.34%
Volatility (6M) Calculated over the trailing 6-month period	63.72%	15.50%	+48.22%
Volatility (1Y) Calculated over the trailing 1-year period	103.82%	18.83%	+84.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,784.67%	22.83%	+1,761.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,262.65%	22.46%	+1,240.19%

Dividends

TPST vs. QQQ - Dividend Comparison

TPST 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%
TPST Tempest Therapeutics, 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

Can I hold both TPST and QQQ in my portfolio?

TPST and QQQ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPST or QQQ?

TPST has higher volatility (20.54%) compared to QQQ (7.20%). In terms of maximum drawdown, TPST dropped -100.00% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.40 vs -0.82), 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.