WIT vs. QQMG
WIT (Wipro Limited) is a stock, while QQMG (Invesco ESG NASDAQ 100 ETF) is Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index. Over the past 3 years, WIT returned 2.31%/yr vs 27.06%/yr for QQMG. At a 0.41 correlation, their price movements are largely independent.
Performance
WIT vs. QQMG - Performance Comparison
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Returns By Period
In the year-to-date period, WIT achieves a -17.28% return, which is significantly lower than QQMG's 17.04% return.
WIT
- 1D
- 2.23%
- 1M
- 13.93%
- YTD
- -17.28%
- 6M
- -20.90%
- 1Y
- -20.67%
- 3Y*
- 2.31%
- 5Y*
- -8.84%
- 10Y*
- 1.23%
QQMG
- 1D
- -3.20%
- 1M
- -0.36%
- YTD
- 17.04%
- 6M
- 15.58%
- 1Y
- 37.07%
- 3Y*
- 27.06%
- 5Y*
- —
- 10Y*
- —
WIT vs. QQMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WIT Wipro Limited | -17.28% | -16.61% | 27.38% | 19.82% | -51.78% | 6.43% |
QQMG Invesco ESG NASDAQ 100 ETF | 17.04% | 22.16% | 25.66% | 55.00% | -31.56% | 5.26% |
Correlation
The correlation between WIT and QQMG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.41 |
Over the past year, the correlation between WIT and QQMG has dropped to 0.17 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
WIT vs. QQMG — Risk / Return Rank
WIT
QQMG
WIT vs. QQMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wipro Limited (WIT) and Invesco ESG NASDAQ 100 ETF (QQMG). 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.
| WIT | QQMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.34 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 2.94 | -3.47 |
| Martin ratioReturn relative to average drawdown | -1.11 | 10.60 | -11.71 |
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Drawdowns
WIT vs. QQMG - Drawdown Comparison
The maximum WIT drawdown since its inception was -74.86%, which is greater than QQMG's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for WIT and QQMG.
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Drawdown Indicators
| WIT | QQMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.86% | -35.43% | -39.43% |
Max Drawdown (1Y)Largest decline over 1 year | -38.98% | -12.67% | -26.31% |
Max Drawdown (3Y)Largest decline over 3 years | -48.81% | -22.79% | -26.02% |
Max Drawdown (5Y)Largest decline over 5 years | -60.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.42% | — | — |
Current DrawdownCurrent decline from peak | -50.20% | -4.36% | -45.84% |
Average DrawdownAverage peak-to-trough decline | -30.91% | -9.53% | -21.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 3.51% | +15.22% |
Volatility
WIT vs. QQMG - Volatility Comparison
Wipro Limited (WIT) has a higher volatility of 23.88% compared to Invesco ESG NASDAQ 100 ETF (QQMG) at 9.05%. This indicates that WIT's price experiences larger fluctuations and is considered to be riskier than QQMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIT | QQMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.88% | 9.05% | +14.83% |
Volatility (6M)Calculated over the trailing 6-month period | 36.23% | 15.10% | +21.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.70% | 18.67% | +21.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 23.79% | +7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.33% | 23.79% | +5.54% |
Dividends
WIT vs. QQMG - Dividend Comparison
WIT's dividend yield for the trailing twelve months is around 5.36%, more than QQMG's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 0.37% | 0.41% | 0.50% | 0.60% | 0.82% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WIT Wipro Limited | 5.36% | 4.43% | 0.17% | 0.22% | 1.69% | 0.14% | 0.25% | 0.28% | 0.31% | 0.27% | 0.91% | 1.65% |
Frequently Asked Questions
WIT and QQMG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIT has higher volatility (23.88%) compared to QQMG (9.05%). In terms of maximum drawdown, WIT dropped -74.86% vs QQMG's -35.43%.
QQMG currently has the higher Sharpe Ratio (2.00 vs -0.52), 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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