^GSPC vs. QQQ
Compare and contrast key facts about S&P 500 (^GSPC) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPC or QQQ.
Correlation
The correlation between ^GSPC and QQQ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^GSPC vs. QQQ - Performance Comparison
Key characteristics
^GSPC:
0.24
QQQ:
0.15
^GSPC:
0.47
QQQ:
0.38
^GSPC:
1.07
QQQ:
1.05
^GSPC:
0.24
QQQ:
0.16
^GSPC:
1.08
QQQ:
0.58
^GSPC:
4.25%
QQQ:
6.25%
^GSPC:
19.00%
QQQ:
24.88%
^GSPC:
-56.78%
QQQ:
-82.98%
^GSPC:
-14.02%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, ^GSPC achieves a -10.18% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, ^GSPC has underperformed QQQ with an annualized return of 9.70%, while QQQ has yielded a comparatively higher 16.13% annualized return.
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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Risk-Adjusted Performance
^GSPC vs. QQQ — Risk-Adjusted Performance Rank
^GSPC
QQQ
^GSPC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) and Invesco QQQ (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.
Drawdowns
^GSPC vs. QQQ - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^GSPC and QQQ. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. QQQ - Volatility Comparison
The current volatility for S&P 500 (^GSPC) is 13.60%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.