^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.
Key characteristics
| ^SP500TR | QQQ | |
|---|---|---|
| YTD Return | 19.30% | 15.90% |
| 1Y Return | 28.44% | 28.50% |
| 3Y Return (Ann) | 9.72% | 8.93% |
| 5Y Return (Ann) | 15.27% | 20.58% |
| 10Y Return (Ann) | 12.93% | 17.81% |
| Sharpe Ratio | 2.11 | 1.48 |
| Daily Std Dev | 12.72% | 17.72% |
| Max Drawdown | -55.25% | -82.98% |
| Current Drawdown | -0.35% | -5.91% |
Correlation
The correlation between ^SP500TR 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
^SP500TR vs. QQQ - Performance Comparison
In the year-to-date period, ^SP500TR achieves a 19.30% return, which is significantly higher than QQQ's 15.90% return. Over the past 10 years, ^SP500TR has underperformed QQQ with an annualized return of 12.93%, while QQQ has yielded a comparatively higher 17.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^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.
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.
Volatility
^SP500TR vs. QQQ - Volatility Comparison
The current volatility for S&P 500 Total Return (^SP500TR) is 4.09%, while Invesco QQQ (QQQ) has a volatility of 6.05%. 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.