Maximum drawdown
QQQ vs SPY Maximum Drawdown
Compare growth-heavy and broad-market drawdown behavior.
Open QQQ vs SPY CompareMaximum drawdown, past 252 trading days
QQQ's largest peak-to-trough fall over the past 252 trading days was -12.2%, which takes a +13.9% gain to recover.
SPY's largest peak-to-trough fall over the past 252 trading days was -9.1%, which takes a +10.0% gain to recover.
- Maximum drawdown
- -12.2%
- Gain needed to recover
- +13.9%
- Annualized volatility
- 19.9%
- Beta vs SPY
- 1.23
- Maximum drawdown
- -9.1%
- Gain needed to recover
- +10.0%
- Annualized volatility
- 12.7%
- Beta vs SPY
- 1.01
Maximum drawdown is the largest fall from a peak to a later low in daily closes over the past 252 trading days. Data as of Oct 21, 2026.
How to use this drawdown page
Start with the calculator to understand peak-to-trough math, then use the connected research surface to inspect whether drawdown is isolated, recurring, or part of a broader risk pattern. Drawdown is most useful when paired with volatility, Sharpe ratio, concentration, and recovery context.
Primary workflow
Use the compare page to inspect max drawdown alongside risk, technicals, and broader ETF evidence.
Maximum Drawdown
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