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 -67.74%/yr vs 16.01%/yr for QQQ. At a 0.29 correlation, their price movements are largely independent.
Performance
UP vs. QQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UP achieves a -46.75% return, which is significantly lower than QQQ's 16.45% return.
UP
- 1D
- -4.12%
- 1M
- -23.27%
- YTD
- -46.75%
- 6M
- -44.52%
- 1Y
- -73.52%
- 3Y*
- -32.37%
- 5Y*
- -67.74%
- 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%
UP vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UP Wheels Up Experience Inc. | -46.75% | -60.22% | -51.90% | -66.70% | -77.80% | -53.46% | 3.32% |
QQQ Invesco QQQ ETF | 16.45% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 8.98% |
Correlation
The correlation between UP and QQQ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.35 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.93 | -3.73 |
| Martin ratioReturn relative to average drawdown | -1.08 | 10.86 | -11.95 |
Loading charts...
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.
Loading charts...
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 | -99.78% | -35.12% | -64.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -99.70% | -4.25% | -95.45% |
Average DrawdownAverage peak-to-trough decline | -79.00% | -32.73% | -46.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.79% | 3.22% | +64.57% |
Volatility
UP vs. QQQ - Volatility Comparison
Wheels Up Experience Inc. (UP) has a higher volatility of 32.81% compared to Invesco QQQ ETF (QQQ) at 9.17%. 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.
Loading charts...
Volatility by Period
| UP | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.81% | 9.17% | +23.64% |
Volatility (6M)Calculated over the trailing 6-month period | 97.13% | 14.57% | +82.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 135.43% | 17.96% | +117.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.45% | 22.69% | +98.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.92% | 22.42% | +92.50% |
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 0.43%.
| 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% |
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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UP has higher volatility (32.81%) compared to QQQ (9.17%). In terms of maximum drawdown, UP dropped -99.78% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.95 vs -0.54), 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.
Find the right allocation for UP and QQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer