^SP500TR vs. QQQ
Compare and contrast key facts about S&P 500 Total Return (^SP500TR) 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: ^SP500TR or QQQ.
Correlation
The correlation between ^SP500TR and QQQ is 0.87, 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
^SP500TR vs. QQQ - Performance Comparison
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Key characteristics
^SP500TR:
0.69
QQQ:
0.62
^SP500TR:
1.14
QQQ:
1.05
^SP500TR:
1.17
QQQ:
1.15
^SP500TR:
0.76
QQQ:
0.71
^SP500TR:
2.93
QQQ:
2.31
^SP500TR:
4.85%
QQQ:
6.97%
^SP500TR:
19.66%
QQQ:
25.51%
^SP500TR:
-55.25%
QQQ:
-82.98%
^SP500TR:
-4.61%
QQQ:
-5.73%
Returns By Period
In the year-to-date period, ^SP500TR achieves a -0.18% return, which is significantly higher than QQQ's -0.51% return. Over the past 10 years, ^SP500TR has underperformed QQQ with an annualized return of 12.69%, while QQQ has yielded a comparatively higher 17.55% annualized return.
^SP500TR
-0.18%
9.05%
-1.96%
13.41%
17.55%
12.69%
QQQ
-0.51%
11.76%
-0.86%
15.58%
19.11%
17.55%
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Risk-Adjusted Performance
^SP500TR vs. QQQ — Risk-Adjusted Performance Rank
^SP500TR
QQQ
^SP500TR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Total Return (^SP500TR) 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.
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Drawdowns
^SP500TR vs. QQQ - Drawdown Comparison
The maximum ^SP500TR drawdown since its inception was -55.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^SP500TR and QQQ. For additional features, visit the drawdowns tool.
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Volatility
^SP500TR vs. QQQ - Volatility Comparison
The current volatility for S&P 500 Total Return (^SP500TR) is 6.29%, while Invesco QQQ (QQQ) has a volatility of 7.59%. This indicates that ^SP500TR 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.
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