Sharpe ratio
QQQ vs SPY Sharpe Ratio
Compare growth-heavy and broad-market return efficiency.
Open QQQ vs SPY CompareSharpe ratio, past 252 trading days
QQQ's Sharpe ratio over the past 252 trading days is 0.76: an annualized return 15.1% above a 4% risk-free rate, for 19.9% annualized volatility.
SPY's Sharpe ratio over the past 252 trading days is 0.87: an annualized return 11.1% above a 4% risk-free rate, for 12.7% annualized volatility.
- Sharpe ratio
- 0.76
- Annualized volatility
- 19.9%
- Return above risk-free
- +15.1%
- Maximum drawdown
- -12.2%
- Sharpe ratio
- 0.87
- Annualized volatility
- 12.7%
- Return above risk-free
- +11.1%
- Maximum drawdown
- -9.1%
Sharpe ratio = (annualized return − risk-free rate) ÷ annualized volatility, from daily returns over the past 252 trading days, with a 4% risk-free rate. Data as of Oct 21, 2026.
How to use this Sharpe page
Start with the calculator to understand the formula, then use the connected research surface to inspect whether the return and volatility assumptions are grounded in real evidence. Sharpe is most useful when it is compared across similar time windows and paired with drawdown and concentration context.
Primary workflow
Use the compare page to inspect benchmark differences beyond Sharpe, including factor exposure and risk context.
Sharpe Ratio
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