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WGS vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WGS vs. QQQ

Last updated Jun 4, 2026

WGS (GeneDx Holdings Corp.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, WGS returned -33.09%/yr vs 17.97%/yr for QQQ. At a 0.37 correlation, their price movements are largely independent.

Performance

WGS vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GeneDx Holdings Corp. (WGS) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WGS achieves a -59.23% return, which is significantly lower than QQQ's 21.30% return.

WGS

1D
-0.21%
1M
-21.95%
YTD
-59.23%
6M
-66.94%
1Y
-27.18%
3Y*
101.82%
5Y*
-33.09%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WGS vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
WGS
GeneDx Holdings Corp.		-59.23%69.22%2,694.91%-68.41%-94.09%-59.60%12.65%
QQQ
Invesco QQQ ETF		21.30%20.77%25.58%54.86%-32.58%27.42%9.55%

Correlation

The correlation between WGS and QQQ is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Nov 5, 2020

0.37

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

GeneDx Holdings Corp.

Invesco QQQ ETF

Often compared with WGS:
WGS vs. OSCRWGS vs. UPROWGS vs. SEZLWGS vs. ENR.DEWGS vs. LLYWGS vs. ^GSPCWGS vs. SPY
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

WGS vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WGS
WGS Risk / Return Rank: 3030
Overall Rank
WGS Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WGS Sortino Ratio Rank: 3333
Sortino Ratio Rank
WGS Omega Ratio Rank: 3434
Omega Ratio Rank
WGS Calmar Ratio Rank: 2929
Calmar Ratio Rank
WGS Martin Ratio Rank: 2626
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WGS vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GeneDx Holdings Corp. (WGS) 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.

WGSQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.33
2.64

-2.96

Sortino ratioReturn per unit of downside risk
0.14
3.45

-3.30

Omega ratioGain probability vs. loss probability

1.02

1.45

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.34

3.51

-3.86

Martin ratioReturn relative to average drawdown

-0.74

13.49

-14.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WGS vs. QQQ - Sharpe Ratio Comparison

The current WGS Sharpe Ratio is -0.33, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of WGS and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WGSQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.33

2.64

-2.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.30

0.81

-1.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.99

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.26

0.41

-0.67

Drawdowns

WGS vs. QQQ - Drawdown Comparison

The maximum WGS drawdown since its inception was -99.85%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for WGS and QQQ.

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Drawdown Indicators

WGSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-99.85%

-82.97%

-16.88%

Max Drawdown (1Y)

Largest decline over 1 year

-79.40%

-11.96%

-67.44%

Max Drawdown (3Y)

Largest decline over 3 years

-84.28%

-22.77%

-61.51%

Max Drawdown (5Y)

Largest decline over 5 years

-99.73%

-35.12%

-64.61%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-93.78%

-0.26%

-93.52%

Average Drawdown

Average peak-to-trough decline

-83.36%

-32.79%

-50.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

36.97%

3.11%

+33.86%

Volatility

WGS vs. QQQ - Volatility Comparison

GeneDx Holdings Corp. (WGS) has a higher volatility of 72.31% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that WGS'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

WGSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

72.31%

4.49%

+67.82%

Volatility (6M)

Calculated over the trailing 6-month period

83.67%

12.10%

+71.57%

Volatility (1Y)

Calculated over the trailing 1-year period

83.86%

15.94%

+67.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

109.84%

22.38%

+87.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

107.46%

22.29%

+85.17%

Dividends

WGS vs. QQQ - Dividend Comparison

WGS has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

PositionTTM20252024202320222021202020192018201720162015
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%
WGS
GeneDx Holdings Corp.		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

WGS and QQQ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WGS has higher volatility (72.31%) compared to QQQ (4.49%). In terms of maximum drawdown, WGS dropped -99.85% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (2.64 vs -0.33), 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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