TPVG vs. QQQ

Last updated Jun 23, 2026

TPVG (TriplePoint Venture Growth BDC Corp.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TPVG returned 4.99%/yr vs 22.48%/yr for QQQ. At a 0.29 correlation, their price movements are largely independent.

Performance

TPVG vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TriplePoint Venture Growth BDC Corp. (TPVG) 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, TPVG achieves a -20.50% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, TPVG has underperformed QQQ with an annualized return of 4.99%, while QQQ has yielded a comparatively higher 22.48% annualized return.

TPVG

• 1D: -4.80%
• 1M: -10.25%
• YTD: -20.50%
• 6M: -16.81%
• 1Y: -16.32%
• 3Y*: -11.75%
• 5Y*: -8.61%
• 10Y*: 4.99%

QQQ

• 1D: -0.25%
• 1M: 2.96%
• YTD: 20.41%
• 6M: 19.46%
• 1Y: 40.91%
• 3Y*: 27.47%
• 5Y*: 16.94%
• 10Y*: 22.48%

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

TPVG vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPVG TriplePoint Venture Growth BDC Corp.	-20.50%	3.93%	-20.01%	20.29%	-34.65%	50.54%	5.70%	44.22%	-2.83%	19.62%
QQQ Invesco QQQ ETF	20.41%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between TPVG and QQQ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 6, 2014	0.29

The correlation between TPVG and QQQ shifts across timeframes, from 0.16 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TPVG vs. QQQ — Risk / Return Rank

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

TPVG

TPVG Risk / Return Rank: 21
TPVG Sharpe Ratio Rank: 20
TPVG Sortino Ratio Rank: 20
TPVG Omega Ratio Rank: 20
TPVG Calmar Ratio Rank: 24
TPVG Martin Ratio Rank: 20

QQQ

QQQ Risk / Return Rank: 72
QQQ Sharpe Ratio Rank: 76
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 72
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

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.

TPVG vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TriplePoint Venture Growth BDC Corp. (TPVG) 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.

	TPVG	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	2.33	-2.84
Sortino ratio: Return per unit of downside risk	-0.53	3.03	-3.56
Omega ratio: Gain probability vs. loss probability	0.94	1.41	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.52	3.44	-3.95
Martin ratio: Return relative to average drawdown	-1.02	12.79	-13.81

TPVG vs. QQQ - Sharpe Ratio Comparison

The current TPVG Sharpe Ratio is -0.50, which is lower than the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TPVG 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

TPVG vs. QQQ - Drawdown Comparison

The maximum TPVG drawdown since its inception was -81.78%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TPVG and QQQ.

Drawdown Indicators

	TPVG	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-81.78%	-82.97%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-31.61%	-11.96%	-19.65%
Max Drawdown (3Y) Largest decline over 3 years	-44.54%	-22.77%	-21.77%
Max Drawdown (5Y) Largest decline over 5 years	-54.79%	-35.12%	-19.67%
Max Drawdown (10Y) Largest decline over 10 years	-81.78%	-35.12%	-46.66%
Current Drawdown Current decline from peak	-50.05%	-0.99%	-49.06%
Average Drawdown Average peak-to-trough decline	-18.47%	-32.73%	+14.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.04%	3.21%	+12.83%

Volatility

TPVG vs. QQQ - Volatility Comparison

TriplePoint Venture Growth BDC Corp. (TPVG) has a higher volatility of 9.29% compared to Invesco QQQ ETF (QQQ) at 8.47%. This indicates that TPVG'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

	TPVG	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.29%	8.47%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	25.45%	14.20%	+11.25%
Volatility (1Y) Calculated over the trailing 1-year period	32.52%	17.67%	+14.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.66%	22.64%	+9.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.81%	22.43%	+45.38%

Dividends

TPVG vs. QQQ - Dividend Comparison

TPVG's dividend yield for the trailing twelve months is around 19.75%, more than QQQ's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TPVG TriplePoint Venture Growth BDC Corp.	19.75%	16.51%	18.97%	14.73%	14.86%	8.02%	11.81%	10.13%	14.14%	11.35%	12.22%	12.04%

Frequently Asked Questions

Can I hold both TPVG and QQQ in my portfolio?

TPVG and QQQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPVG or QQQ?

TPVG has higher volatility (9.29%) compared to QQQ (8.47%). In terms of maximum drawdown, TPVG dropped -81.78% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.33 vs -0.50), 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.