TRTY vs. QQQ
TRTY (Cambria Trinity ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TRTY is a Tactical Allocation fund tracking the Cambria Trinity Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, TRTY returned 5.67%/yr vs 16.01%/yr for QQQ. At a 0.48 correlation, their price movements are largely independent. TRTY charges 0.44%/yr vs 0.18%/yr for QQQ.
Performance
TRTY vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TRTY achieves a 6.97% return, which is significantly lower than QQQ's 16.45% return.
TRTY
- 1D
- -1.75%
- 1M
- -2.37%
- YTD
- 6.97%
- 6M
- 6.31%
- 1Y
- 19.33%
- 3Y*
- 10.40%
- 5Y*
- 5.67%
- 10Y*
- —
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%
TRTY vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TRTY Cambria Trinity ETF | 6.97% | 16.35% | 3.89% | 3.97% | -3.30% | 15.73% | 1.68% | 8.36% | -5.78% |
QQQ Invesco QQQ ETF | 16.45% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -15.37% |
Correlation
The correlation between TRTY and QQQ is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.48 |
The correlation between TRTY and QQQ shifts across timeframes, from 0.48 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRTY vs. QQQ — Risk / Return Rank
TRTY
QQQ
TRTY vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) 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.
| TRTY | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.93 | +0.61 |
| Martin ratioReturn relative to average drawdown | 13.89 | 10.86 | +3.03 |
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Drawdowns
TRTY vs. QQQ - Drawdown Comparison
The maximum TRTY drawdown since its inception was -22.35%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TRTY and QQQ.
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Drawdown Indicators
| TRTY | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -82.97% | +60.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -11.96% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -9.25% | -22.77% | +13.52% |
Max Drawdown (5Y)Largest decline over 5 years | -13.72% | -35.12% | +21.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -3.45% | -4.25% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -32.73% | +28.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 3.22% | -1.83% |
Volatility
TRTY vs. QQQ - Volatility Comparison
The current volatility for Cambria Trinity ETF (TRTY) is 3.43%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that TRTY 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
| TRTY | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 9.17% | -5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 14.57% | -5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 17.96% | -7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 22.69% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 22.42% | -11.99% |
TRTY vs. QQQ - Expense Ratio Comparison
TRTY has a 0.44% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
TRTY vs. QQQ - Dividend Comparison
TRTY's dividend yield for the trailing twelve months is around 3.10%, 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% |
TRTY Cambria Trinity ETF | 3.10% | 2.86% | 3.55% | 3.24% | 5.17% | 4.52% | 1.99% | 2.64% | 1.07% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRTY and QQQ have a correlation of 0.62, 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 TRTY (3.43%). In terms of maximum drawdown, TRTY dropped -22.35% vs QQQ's -82.97%.
On 5-year performance, QQQ leads with 16.01% vs 5.67% for TRTY. On fees, QQQ is cheaper at 0.18% per year. On volatility, TRTY has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQ has performed better with a 16.01% return vs 5.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.44% for TRTY.
TRTY has the higher dividend yield at 3.10%, compared with 0.43% for QQQ.
TRTY is categorized as Tactical Allocation, while QQQ is Nasdaq-100. TRTY tracks Cambria Trinity Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Cambria and Invesco. Their fees differ too: 0.44% for TRTY and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.95 vs 1.93), 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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