UTEN vs. QQQ
UTEN (US Treasury 10 Year Note ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - UTEN is a Government Bonds fund tracking the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, UTEN returned 1.86%/yr vs 28.78%/yr for QQQ. At a 0.12 correlation, their price movements are largely independent. UTEN charges 0.15%/yr vs 0.18%/yr for QQQ.
Performance
UTEN vs. QQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTEN achieves a -0.69% return, which is significantly lower than QQQ's 21.30% return.
UTEN
- 1D
- -0.26%
- 1M
- 0.01%
- YTD
- -0.69%
- 6M
- -1.30%
- 1Y
- 4.26%
- 3Y*
- 1.86%
- 5Y*
- —
- 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%
UTEN vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | -0.69% | 7.82% | -1.67% | 3.18% | -7.79% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -15.67% |
Correlation
The correlation between UTEN and QQQ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.12 |
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
UTEN vs. QQQ — Risk / Return Rank
UTEN
QQQ
UTEN vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) 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.
| UTEN | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.45 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 3.51 | -2.58 |
| Martin ratioReturn relative to average drawdown | 2.82 | 13.49 | -10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UTEN | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.64 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 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 | -0.40 |
Drawdowns
UTEN vs. QQQ - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for UTEN and QQQ.
Loading charts...
Drawdown Indicators
| UTEN | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -82.97% | +69.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -11.96% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.60% | -22.77% | +14.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -3.05% | -0.26% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -32.79% | +27.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 3.11% | -1.60% |
Volatility
UTEN vs. QQQ - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 1.71%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that UTEN 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.
Loading charts...
Volatility by Period
| UTEN | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 4.49% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 12.10% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 15.94% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 22.38% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.05% | 22.29% | -14.24% |
UTEN vs. QQQ - Expense Ratio Comparison
UTEN has a 0.15% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UTEN vs. QQQ - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.05%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
UTEN US Treasury 10 Year Note ETF | 4.05% | 4.11% | 4.13% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTEN and QQQ have a correlation of 0.16, 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 UTEN (1.71%). In terms of maximum drawdown, UTEN dropped -13.36% vs QQQ's -82.97%.
On 3-year performance, QQQ leads with 28.78% vs 1.86% for UTEN. On fees, UTEN is cheaper at 0.15% per year. On volatility, UTEN has been the lower-risk option at 1.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQQ has performed better with a 28.78% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTEN is cheaper with a 0.15% expense ratio, compared with 0.18% for QQQ.
UTEN has the higher dividend yield at 4.05%, compared with 0.38% for QQQ.
UTEN is categorized as Government Bonds, while QQQ is Nasdaq-100. UTEN tracks ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: US Benchmark Series and Invesco. Their fees differ too: 0.15% for UTEN and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 vs 0.82), 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 UTEN 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