UTRE vs. QQQ
UTRE (US Treasury 3 Year Note ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - UTRE is a Government Bonds fund tracking the ICE BofA Current 3-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, UTRE returned 3.64%/yr vs 28.78%/yr for QQQ. At a 0.01 correlation, their price movements are largely independent. UTRE charges 0.15%/yr vs 0.18%/yr for QQQ.
Performance
UTRE vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, UTRE achieves a -0.09% return, which is significantly lower than QQQ's 21.30% return.
UTRE
- 1D
- -0.08%
- 1M
- -0.10%
- YTD
- -0.09%
- 6M
- 0.06%
- 1Y
- 2.93%
- 3Y*
- 3.64%
- 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%
UTRE vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTRE US Treasury 3 Year Note ETF | -0.09% | 5.68% | 2.96% | 2.16% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 34.06% |
Correlation
The correlation between UTRE and QQQ is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | 0.01 |
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Return for Risk
UTRE vs. QQQ — Risk / Return Rank
UTRE
QQQ
UTRE vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) 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.
| UTRE | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.51 | -1.47 |
| Martin ratioReturn relative to average drawdown | 6.10 | 13.49 | -7.39 |
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
| UTRE | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.64 | -1.18 |
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 | 1.25 | 0.41 | +0.84 |
Drawdowns
UTRE vs. QQQ - Drawdown Comparison
The maximum UTRE drawdown since its inception was -2.80%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for UTRE and QQQ.
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Drawdown Indicators
| UTRE | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.80% | -82.97% | +80.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -11.96% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -1.86% | -22.77% | +20.91% |
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 | -1.07% | -0.26% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -32.79% | +32.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 3.11% | -2.63% |
Volatility
UTRE vs. QQQ - Volatility Comparison
The current volatility for US Treasury 3 Year Note ETF (UTRE) is 0.58%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that UTRE 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
| UTRE | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 4.49% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 12.10% | -10.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.02% | 15.94% | -13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 22.38% | -19.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.70% | 22.29% | -19.59% |
UTRE vs. QQQ - Expense Ratio Comparison
UTRE 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
UTRE vs. QQQ - Dividend Comparison
UTRE's dividend yield for the trailing twelve months is around 3.50%, 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% |
UTRE US Treasury 3 Year Note ETF | 3.50% | 3.60% | 4.01% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTRE and QQQ have a correlation of 0.09, 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 UTRE (0.58%). In terms of maximum drawdown, UTRE dropped -2.80% vs QQQ's -82.97%.
On 3-year performance, QQQ leads with 28.78% vs 3.64% for UTRE. On fees, UTRE is cheaper at 0.15% per year. On volatility, UTRE has been the lower-risk option at 0.58%. 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 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTRE is cheaper with a 0.15% expense ratio, compared with 0.18% for QQQ.
UTRE has the higher dividend yield at 3.50%, compared with 0.38% for QQQ.
UTRE is categorized as Government Bonds, while QQQ is Nasdaq-100. UTRE tracks ICE BofA Current 3-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 UTRE and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 vs 1.46), 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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