TYL vs. QQQ

Last updated Aug 4, 2026

TYL (Tyler Technologies, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TYL returned 6.61%/yr vs 20.46%/yr for QQQ. Their 0.44 correlation means their historical movements had little consistent relationship.

Performance

TYL vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tyler Technologies, Inc. (TYL) 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, TYL achieves a -32.69% return, which is significantly lower than QQQ's 14.23% return. Over the past 10 years, TYL has underperformed QQQ with an annualized return of 6.61%, while QQQ has yielded a comparatively higher 20.46% annualized return.

TYL

• 1D: -1.31%
• 1M: -3.95%
• 6M: -15.80%
• YTD: -32.69%
• 1Y: -47.47%
• 3Y*: -7.17%
• 5Y*: -8.99%
• 10Y*: 6.61%
• ALL TIME*: 9.24%

QQQ

• 1D: 1.76%
• 1M: -1.76%
• 6M: 12.07%
• YTD: 14.23%
• 1Y: 27.00%
• 3Y*: 24.17%
• 5Y*: 14.45%
• 10Y*: 20.46%
• ALL TIME*: 10.70%

*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	$31.40B	$28.17B	$31.69B
TYL Tyler Technologies, Inc.	$311.75M	$251.70M	$268.57M

TYL vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TYL Tyler Technologies, Inc.	-32.69%	-21.28%	37.91%	29.69%	-40.07%	23.24%	45.50%	61.46%	4.95%	24.01%
QQQ Invesco QQQ ETF	14.23%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between TYL and QQQ is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.47
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999	0.44

The correlation between TYL and QQQ shifts across timeframes, from -0.15 (1 year) to 0.52 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TYL vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TYL

TYL Risk / Return Rank: 6
TYL Sharpe Ratio Rank: 2
TYL Sortino Ratio Rank: 4
TYL Omega Ratio Rank: 4
TYL Calmar Ratio Rank: 9
TYL Martin Ratio Rank: 11

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 55
QQQ Calmar Ratio Rank: 64
QQQ Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TYL vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tyler Technologies, Inc. (TYL) 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.

	TYL	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	1.40	-2.60
Sortino ratio: Return per unit of downside risk	-1.78	1.95	-3.73
Omega ratio: Gain probability vs. loss probability	0.78	1.25	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.87	2.27	-3.13
Martin ratio: Return relative to average drawdown	-1.31	7.21	-8.51

TYL vs. QQQ - Sharpe Ratio Comparison

The current TYL Sharpe Ratio is -1.19, which is lower than the QQQ Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of TYL 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

TYL vs. QQQ - Drawdown Comparison

The maximum TYL drawdown since its inception was -93.50%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TYL and QQQ.

Drawdown Indicators

	TYL	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.50%	-82.97%	-10.53%
Max Drawdown (1Y) Largest decline over 1 year	-55.00%	-11.96%	-43.04%
Max Drawdown (3Y) Largest decline over 3 years	-57.44%	-22.77%	-34.67%
Max Drawdown (5Y) Largest decline over 5 years	-57.44%	-35.12%	-22.32%
Max Drawdown (10Y) Largest decline over 10 years	-57.44%	-35.12%	-22.32%
Current Drawdown Current decline from peak	-52.76%	-6.07%	-46.69%
Average Drawdown Average peak-to-trough decline	-39.59%	-32.61%	-6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.40%	3.76%	+32.64%

Volatility

TYL vs. QQQ - Volatility Comparison

Tyler Technologies, Inc. (TYL) has a higher volatility of 15.04% compared to Invesco QQQ ETF (QQQ) at 6.96%. This indicates that TYL'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

	TYL	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.04%	6.96%	+8.08%
Volatility (6M) Calculated over the trailing 6-month period	34.89%	16.12%	+18.77%
Volatility (1Y) Calculated over the trailing 1-year period	39.96%	19.37%	+20.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.64%	22.92%	+9.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.49%	22.51%	+6.98%

Dividends

TYL vs. QQQ - Dividend Comparison

TYL 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%
TYL Tyler Technologies, 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 TYL and QQQ in my portfolio?

TYL and QQQ have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYL or QQQ?

TYL has higher volatility (15.04%) compared to QQQ (6.96%). In terms of maximum drawdown, TYL dropped -93.50% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.40 vs -1.19), 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.