UP vs. QQQ
UP (Wheels Up Experience Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, UP returned -68.48%/yr vs 15.52%/yr for QQQ. At a 0.29 correlation, their price movements are largely independent.
Performance
UP vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, UP achieves a -50.56% return, which is significantly lower than QQQ's 17.43% return.
UP
- 1D
- -8.07%
- 1M
- -21.24%
- 6M
- -69.10%
- YTD
- -50.56%
- 1Y
- -77.62%
- 3Y*
- -40.62%
- 5Y*
- -68.48%
- 10Y*
- —
QQQ
- 1D
- 1.12%
- 1M
- -0.12%
- 6M
- 15.19%
- YTD
- 17.43%
- 1Y
- 30.02%
- 3Y*
- 24.54%
- 5Y*
- 15.52%
- 10Y*
- 21.32%
UP vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UP Wheels Up Experience Inc. | -50.56% | -60.22% | -51.90% | -66.70% | -77.80% | -53.46% | 3.32% |
QQQ Invesco QQQ ETF | 17.43% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 8.98% |
Correlation
The correlation between UP and QQQ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.29 |
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Return for Risk
UP vs. QQQ — Risk / Return Rank
UP
QQQ
UP vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheels Up Experience Inc. (UP) 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.
| UP | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.52 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.10 | 9.01 | -10.11 |
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Drawdowns
UP vs. QQQ - Drawdown Comparison
The maximum UP drawdown since its inception was -99.78%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for UP and QQQ.
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Drawdown Indicators
| UP | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.78% | -82.97% | -16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -92.39% | -11.96% | -80.43% |
Max Drawdown (3Y)Largest decline over 3 years | -95.63% | -22.77% | -72.86% |
Max Drawdown (5Y)Largest decline over 5 years | -99.76% | -35.12% | -64.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -99.72% | -3.44% | -96.28% |
Average DrawdownAverage peak-to-trough decline | -79.20% | -32.67% | -46.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.79% | 3.34% | +67.45% |
Volatility
UP vs. QQQ - Volatility Comparison
Wheels Up Experience Inc. (UP) has a higher volatility of 30.05% compared to Invesco QQQ ETF (QQQ) at 8.09%. This indicates that UP'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
| UP | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.05% | 8.09% | +21.96% |
Volatility (6M)Calculated over the trailing 6-month period | 98.17% | 15.41% | +82.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 133.52% | 18.60% | +114.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.77% | 22.80% | +98.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.86% | 22.45% | +92.41% |
Dividends
UP vs. QQQ - Dividend Comparison
UP has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.42% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
UP Wheels Up Experience 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
UP and QQQ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UP has higher volatility (30.05%) compared to QQQ (8.09%). In terms of maximum drawdown, UP dropped -99.78% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.62 vs -0.58), 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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