UNCRY vs. QQQM
UNCRY (UniCredit SpA ADR) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, UNCRY returned 61.66%/yr vs 15.34%/yr for QQQM. At a 0.32 correlation, their price movements are largely independent.
Performance
UNCRY vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, UNCRY achieves a 16.33% return, which is significantly higher than QQQM's 15.22% return.
UNCRY
- 1D
- 1.12%
- 1M
- 4.57%
- 6M
- 15.64%
- YTD
- 16.33%
- 1Y
- 46.60%
- 3Y*
- 64.13%
- 5Y*
- 61.66%
- 10Y*
- —
QQQM
- 1D
- -1.65%
- 1M
- -3.18%
- 6M
- 13.83%
- YTD
- 15.22%
- 1Y
- 27.34%
- 3Y*
- 23.46%
- 5Y*
- 15.34%
- 10Y*
- —
UNCRY vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UNCRY UniCredit SpA ADR | 16.33% | 118.78% | 57.92% | 103.38% | -2.49% | 71.06% | 6.09% |
QQQM Invesco NASDAQ 100 ETF | 15.22% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between UNCRY and QQQM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.32 |
The correlation between UNCRY and QQQM shifts across timeframes, from 0.32 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UNCRY vs. QQQM — Risk / Return Rank
UNCRY
QQQM
UNCRY vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UniCredit SpA ADR (UNCRY) and Invesco NASDAQ 100 ETF (QQQM). 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.
| UNCRY | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.30 | -0.58 |
| Martin ratioReturn relative to average drawdown | 4.85 | 8.14 | -3.29 |
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Drawdowns
UNCRY vs. QQQM - Drawdown Comparison
The maximum UNCRY drawdown since its inception was -70.20%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for UNCRY and QQQM.
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Drawdown Indicators
| UNCRY | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.20% | -35.04% | -35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -27.25% | -11.96% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -27.25% | -22.70% | -4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -50.77% | -35.04% | -15.73% |
Current DrawdownCurrent decline from peak | -0.86% | -5.28% | +4.42% |
Average DrawdownAverage peak-to-trough decline | -27.17% | -8.15% | -19.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 3.37% | +6.27% |
Volatility
UNCRY vs. QQQM - Volatility Comparison
UniCredit SpA ADR (UNCRY) has a higher volatility of 8.71% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.39%. This indicates that UNCRY's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNCRY | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 7.39% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 28.57% | 15.34% | +13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 18.54% | +14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.24% | 22.65% | +16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.15% | 22.30% | +19.85% |
Dividends
UNCRY vs. QQQM - Dividend Comparison
UNCRY's dividend yield for the trailing twelve months is around 3.85%, more than QQQM's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% |
UNCRY UniCredit SpA ADR | 3.85% | 4.00% | 7.31% | 3.91% | 4.01% | 0.94% | 0.00% | 1.37% | 2.29% |
Frequently Asked Questions
UNCRY and QQQM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNCRY has higher volatility (8.71%) compared to QQQM (7.39%). In terms of maximum drawdown, UNCRY dropped -70.20% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.48 vs 1.40), 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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