USDC-USD vs. QQQ
USDC-USD (USDCoin) is a cryptocurrency, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, USDC-USD returned -0.00%/yr vs 17.97%/yr for QQQ. At a correlation of -0.02, they often move in opposite directions.
Performance
USDC-USD vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, USDC-USD achieves a 0.01% return, which is significantly lower than QQQ's 21.30% return.
USDC-USD
- 1D
- -0.00%
- 1M
- -0.02%
- YTD
- 0.01%
- 6M
- -0.01%
- 1Y
- -0.01%
- 3Y*
- -0.00%
- 5Y*
- -0.00%
- 10Y*
- —
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
USDC-USD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USDC-USD USDCoin | 0.01% | -0.03% | -0.02% | 0.02% | -0.01% | 0.03% | -0.40% | -1.26% | 1.43% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -13.60% |
Correlation
The correlation between USDC-USD and QQQ is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2018 | -0.02 |
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Return for Risk
USDC-USD vs. QQQ — Risk / Return Rank
USDC-USD
QQQ
USDC-USD vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
| USDC-USD | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 2.64 | -2.70 |
Sortino ratioReturn per unit of downside risk | -0.08 | 3.45 | -3.53 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.45 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 3.51 | -3.71 |
Martin ratioReturn relative to average drawdown | -0.43 | 13.49 | -13.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USDC-USD | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 2.64 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.81 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.41 | -0.42 |
Drawdowns
USDC-USD vs. QQQ - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -6.79%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for USDC-USD and QQQ.
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Drawdown Indicators
| USDC-USD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.79% | -82.97% | +76.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -11.96% | +11.91% |
Max Drawdown (3Y)Largest decline over 3 years | -0.11% | -22.77% | +22.66% |
Max Drawdown (5Y)Largest decline over 5 years | -3.32% | -35.12% | +31.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -3.64% | -0.26% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -32.79% | +29.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 3.11% | -3.09% |
Volatility
USDC-USD vs. QQQ - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.05%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that USDC-USD experiences smaller price fluctuations and is considered to be less risky 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
| USDC-USD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 4.49% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 12.10% | -11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.14% | 15.94% | -15.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 22.38% | -20.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 22.29% | -19.03% |
Frequently Asked Questions
USDC-USD and QQQ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (4.49%) compared to USDC-USD (0.05%). In terms of maximum drawdown, USDC-USD dropped -6.79% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.64 vs -0.06), 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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