Z vs. QQQM
Z (Zillow Group, Inc.) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, Z returned -20.02%/yr vs 15.34%/yr for QQQM. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
Z vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, Z achieves a -50.04% return, which is significantly lower than QQQM's 15.22% return.
Z
- 1D
- 0.69%
- 1M
- 2.47%
- 6M
- -49.80%
- YTD
- -50.04%
- 1Y
- -55.71%
- 3Y*
- -14.09%
- 5Y*
- -20.02%
- 10Y*
- -0.99%
QQQM
- 1D
- -1.65%
- 1M
- -3.18%
- 6M
- 13.83%
- YTD
- 15.22%
- 1Y
- 27.34%
- 3Y*
- 23.46%
- 5Y*
- 15.34%
- 10Y*
- —
Z vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
Z Zillow Group, Inc. | -50.04% | -7.87% | 27.98% | 79.63% | -49.55% | -50.81% | 28.50% |
QQQM Invesco NASDAQ 100 ETF | 15.22% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between Z and QQQM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.50 |
Over the past year, the correlation between Z and QQQM has dropped to 0.21 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
Z vs. QQQM — Risk / Return Rank
Z
QQQM
Z vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zillow Group, Inc. (Z) and Invesco NASDAQ 100 ETF (QQQM). 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.
| Z | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.26 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.30 | -3.12 |
| Martin ratioReturn relative to average drawdown | -1.42 | 8.14 | -9.55 |
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Drawdowns
Z vs. QQQM - Drawdown Comparison
The maximum Z drawdown since its inception was -86.51%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for Z and QQQM.
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Drawdown Indicators
| Z | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.51% | -35.04% | -51.47% |
Max Drawdown (1Y)Largest decline over 1 year | -67.44% | -11.96% | -55.48% |
Max Drawdown (3Y)Largest decline over 3 years | -67.44% | -22.70% | -44.74% |
Max Drawdown (5Y)Largest decline over 5 years | -75.85% | -35.04% | -40.81% |
Max Drawdown (10Y)Largest decline over 10 years | -86.51% | — | — |
Current DrawdownCurrent decline from peak | -82.95% | -5.28% | -77.67% |
Average DrawdownAverage peak-to-trough decline | -44.81% | -8.15% | -36.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 3.37% | +35.97% |
Volatility
Z vs. QQQM - Volatility Comparison
Zillow Group, Inc. (Z) has a higher volatility of 14.34% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.39%. This indicates that Z's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| Z | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 7.39% | +6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 36.64% | 15.34% | +21.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.40% | 18.54% | +26.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.21% | 22.65% | +29.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.97% | 22.30% | +30.67% |
Dividends
Z vs. QQQM - Dividend Comparison
Z has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Z Zillow Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
Z and QQQM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Z has higher volatility (14.34%) compared to QQQM (7.39%). In terms of maximum drawdown, Z dropped -86.51% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.48 vs -1.23), 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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