WMS vs. QQQ

Last updated Jun 4, 2026

WMS (Advanced Drainage Systems, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, WMS returned 19.83%/yr vs 21.94%/yr for QQQ. At a 0.46 correlation, their price movements are largely independent.

Performance

WMS vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advanced Drainage Systems, Inc. (WMS) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMS achieves a -8.28% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, WMS has underperformed QQQ with an annualized return of 19.83%, while QQQ has yielded a comparatively higher 21.94% annualized return.

WMS

• 1D: -2.32%
• 1M: -5.72%
• YTD: -8.28%
• 6M: -12.56%
• 1Y: 20.25%
• 3Y*: 8.79%
• 5Y*: 4.46%
• 10Y*: 19.83%

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)

WMS vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMS Advanced Drainage Systems, Inc.	-8.28%	25.97%	-17.48%	72.44%	-39.53%	63.46%	116.70%	67.74%	2.78%	17.27%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between WMS and QQQ is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 28, 2014	0.46

The correlation between WMS and QQQ shifts across timeframes, from 0.36 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WMS vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WMS

WMS Risk / Return Rank: 57
WMS Sharpe Ratio Rank: 58
WMS Sortino Ratio Rank: 56
WMS Omega Ratio Rank: 52
WMS Calmar Ratio Rank: 58
WMS Martin Ratio Rank: 59

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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.

WMS vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advanced Drainage Systems, Inc. (WMS) 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.

	WMS	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.52	2.64	-2.11
Sortino ratio: Return per unit of downside risk	1.12	3.45	-2.33
Omega ratio: Gain probability vs. loss probability	1.13	1.45	-0.33
Calmar ratio: Return relative to maximum drawdown	0.81	3.51	-2.70
Martin ratio: Return relative to average drawdown	1.99	13.49	-11.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WMS vs. QQQ - Sharpe Ratio Comparison

The current WMS Sharpe Ratio is 0.52, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of WMS 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.

Sharpe Ratios by Period

	WMS	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	2.64	-2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.81	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.99	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.41	+0.09

Drawdowns

WMS vs. QQQ - Drawdown Comparison

The maximum WMS drawdown since its inception was -53.58%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for WMS and QQQ.

Drawdown Indicators

	WMS	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-53.58%	-82.97%	+29.39%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-11.96%	-13.00%
Max Drawdown (3Y) Largest decline over 3 years	-45.75%	-22.77%	-22.98%
Max Drawdown (5Y) Largest decline over 5 years	-50.12%	-35.12%	-15.00%
Max Drawdown (10Y) Largest decline over 10 years	-53.58%	-35.12%	-18.46%
Current Drawdown Current decline from peak	-25.25%	-0.26%	-24.99%
Average Drawdown Average peak-to-trough decline	-17.89%	-32.79%	+14.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.20%	3.11%	+7.09%

Volatility

WMS vs. QQQ - Volatility Comparison

Advanced Drainage Systems, Inc. (WMS) has a higher volatility of 10.57% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that WMS'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.

Volatility by Period

	WMS	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	4.49%	+6.08%
Volatility (6M) Calculated over the trailing 6-month period	25.53%	12.10%	+13.43%
Volatility (1Y) Calculated over the trailing 1-year period	39.01%	15.94%	+23.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.02%	22.38%	+19.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.62%	22.29%	+19.33%

Dividends

WMS vs. QQQ - Dividend Comparison

WMS's dividend yield for the trailing twelve months is around 0.56%, 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%
WMS Advanced Drainage Systems, Inc.	0.56%	0.48%	0.54%	0.38%	0.57%	0.31%	0.43%	3.48%	1.28%	1.13%	1.12%	0.79%

Frequently Asked Questions

Can I hold both WMS and QQQ in my portfolio?

WMS and QQQ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMS or QQQ?

WMS has higher volatility (10.57%) compared to QQQ (4.49%). In terms of maximum drawdown, WMS dropped -53.58% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 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.