TX vs. QQQ
TX (Ternium S.A.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TX returned 15.42%/yr vs 22.07%/yr for QQQ. At a 0.41 correlation, their price movements are largely independent.
Performance
TX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TX achieves a 22.26% return, which is significantly higher than QQQ's 16.45% return. Over the past 10 years, TX has underperformed QQQ with an annualized return of 15.42%, while QQQ has yielded a comparatively higher 22.07% annualized return.
TX
- 1D
- -2.72%
- 1M
- -3.47%
- YTD
- 22.26%
- 6M
- 21.37%
- 1Y
- 62.14%
- 3Y*
- 12.53%
- 5Y*
- 12.57%
- 10Y*
- 15.42%
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%
TX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TX Ternium S.A. | 22.26% | 43.56% | -25.86% | 49.94% | -24.80% | 60.96% | 32.18% | -14.86% | -11.86% | 36.48% |
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 TX and QQQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2006 | 0.41 |
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Return for Risk
TX vs. QQQ — Risk / Return Rank
TX
QQQ
TX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ternium S.A. (TX) 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.
| TX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.93 | +0.71 |
| Martin ratioReturn relative to average drawdown | 11.39 | 10.86 | +0.53 |
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Drawdowns
TX vs. QQQ - Drawdown Comparison
The maximum TX drawdown since its inception was -89.66%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TX and QQQ.
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Drawdown Indicators
| TX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.66% | -82.97% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -17.17% | -11.96% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -42.04% | -22.77% | -19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -49.48% | -35.12% | -14.36% |
Max Drawdown (10Y)Largest decline over 10 years | -74.94% | -35.12% | -39.82% |
Current DrawdownCurrent decline from peak | -11.48% | -4.25% | -7.23% |
Average DrawdownAverage peak-to-trough decline | -31.23% | -32.73% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 3.22% | +2.25% |
Volatility
TX vs. QQQ - Volatility Comparison
Ternium S.A. (TX) has a higher volatility of 12.31% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that TX'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
| TX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.31% | 9.17% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 24.48% | 14.57% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.18% | 17.96% | +13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.22% | 22.69% | +12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.88% | 22.42% | +15.46% |
Dividends
TX vs. QQQ - Dividend Comparison
TX's dividend yield for the trailing twelve months is around 4.85%, 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% |
TX Ternium S.A. | 4.85% | 7.07% | 10.66% | 6.83% | 8.84% | 6.66% | 0.00% | 5.45% | 4.06% | 3.17% | 3.73% | 7.24% |
Frequently Asked Questions
TX and QQQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TX has higher volatility (12.31%) compared to QQQ (9.17%). In terms of maximum drawdown, TX dropped -89.66% vs QQQ's -82.97%.
TX currently has the higher Sharpe Ratio (2.00 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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