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 -23.77%/yr vs 16.03%/yr for QQQM. A 0.51 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 -55.23% return, which is significantly lower than QQQM's 15.99% return.
Z
- 1D
- 0.13%
- 1M
- -15.96%
- YTD
- -55.23%
- 6M
- -55.91%
- 1Y
- -56.51%
- 3Y*
- -14.03%
- 5Y*
- -23.77%
- 10Y*
- -1.23%
QQQM
- 1D
- -0.42%
- 1M
- -0.84%
- YTD
- 15.99%
- 6M
- 14.21%
- 1Y
- 32.39%
- 3Y*
- 25.97%
- 5Y*
- 16.03%
- 10Y*
- —
Z vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
Z Zillow Group, Inc. | -55.23% | -7.87% | 27.98% | 79.63% | -49.55% | -50.81% | 28.50% |
QQQM Invesco NASDAQ 100 ETF | 15.99% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between Z and QQQM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.51 |
Over the past year, the correlation between Z and QQQM has dropped to 0.25 - well below their long-term average of 0.51, 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 | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.33 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.72 | -3.57 |
| Martin ratioReturn relative to average drawdown | -1.57 | 10.03 | -11.60 |
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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 | -66.44% | -11.96% | -54.48% |
Max Drawdown (3Y)Largest decline over 3 years | -66.44% | -22.70% | -43.74% |
Max Drawdown (5Y)Largest decline over 5 years | -78.29% | -35.04% | -43.25% |
Max Drawdown (10Y)Largest decline over 10 years | -86.51% | — | — |
Current DrawdownCurrent decline from peak | -84.72% | -4.64% | -80.08% |
Average DrawdownAverage peak-to-trough decline | -44.60% | -8.20% | -36.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.09% | 3.24% | +32.85% |
Volatility
Z vs. QQQM - Volatility Comparison
Zillow Group, Inc. (Z) has a higher volatility of 11.09% compared to Invesco NASDAQ 100 ETF (QQQM) at 9.00%. 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 | 11.09% | 9.00% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.94% | 14.39% | +20.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.52% | 17.83% | +26.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.09% | 22.53% | +29.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.92% | 22.29% | +30.63% |
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 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Z has higher volatility (11.09%) compared to QQQM (9.00%). In terms of maximum drawdown, Z dropped -86.51% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.83 vs -1.27), 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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