EQQQ.L vs. SPY
Compare and contrast key facts about Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and SPDR S&P 500 ETF (SPY).
EQQQ.L and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQQQ.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EQQQ.L and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQQQ.L or SPY.
Performance
EQQQ.L vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, EQQQ.L achieves a 22.53% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, EQQQ.L has outperformed SPY with an annualized return of 20.24%, while SPY has yielded a comparatively lower 13.04% annualized return.
EQQQ.L
22.53%
3.92%
11.07%
27.84%
20.75%
20.24%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| EQQQ.L | SPY | |
|---|---|---|
| Sharpe Ratio | 1.75 | 2.64 |
| Sortino Ratio | 2.40 | 3.53 |
| Omega Ratio | 1.32 | 1.49 |
| Calmar Ratio | 2.29 | 3.81 |
| Martin Ratio | 6.89 | 17.21 |
| Ulcer Index | 4.04% | 1.86% |
| Daily Std Dev | 15.90% | 12.15% |
| Max Drawdown | -33.75% | -55.19% |
| Current Drawdown | -2.09% | -2.17% |
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EQQQ.L vs. SPY - Expense Ratio Comparison
EQQQ.L has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between EQQQ.L and SPY is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
EQQQ.L vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and SPDR S&P 500 ETF (SPY). 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.
Dividends
EQQQ.L vs. SPY - Dividend Comparison
EQQQ.L's dividend yield for the trailing twelve months is around 0.39%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% | 1.01% | 0.95% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EQQQ.L vs. SPY - Drawdown Comparison
The maximum EQQQ.L drawdown since its inception was -33.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and SPY. For additional features, visit the drawdowns tool.
Volatility
EQQQ.L vs. SPY - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a higher volatility of 4.96% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that EQQQ.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.