GSPFX vs. QQQM
Compare and contrast key facts about Gotham Enhanced S&P 500 Index Fund (GSPFX) and Invesco NASDAQ 100 ETF (QQQM).
GSPFX is managed by Gotham. It was launched on Dec 30, 2016. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPFX or QQQM.
Correlation
The correlation between GSPFX and QQQM is 0.90, 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
GSPFX vs. QQQM - Performance Comparison
Key characteristics
GSPFX:
0.78
QQQM:
1.45
GSPFX:
0.97
QQQM:
1.96
GSPFX:
1.20
QQQM:
1.26
GSPFX:
0.98
QQQM:
1.95
GSPFX:
2.83
QQQM:
6.75
GSPFX:
4.55%
QQQM:
3.92%
GSPFX:
16.45%
QQQM:
18.21%
GSPFX:
-36.14%
QQQM:
-35.05%
GSPFX:
-8.68%
QQQM:
0.00%
Returns By Period
In the year-to-date period, GSPFX achieves a 4.51% return, which is significantly lower than QQQM's 5.28% return.
GSPFX
4.51%
2.71%
0.87%
11.51%
8.94%
N/A
QQQM
5.28%
4.19%
13.67%
24.67%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GSPFX vs. QQQM - Expense Ratio Comparison
GSPFX has a 0.50% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
GSPFX vs. QQQM — Risk-Adjusted Performance Rank
GSPFX
QQQM
GSPFX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced S&P 500 Index Fund (GSPFX) and Invesco NASDAQ 100 ETF (QQQM). 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
GSPFX vs. QQQM - Dividend Comparison
GSPFX's dividend yield for the trailing twelve months is around 0.94%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GSPFX Gotham Enhanced S&P 500 Index Fund | 0.94% | 0.99% | 1.42% | 0.86% | 1.04% | 0.95% | 1.22% | 2.07% | 1.31% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSPFX vs. QQQM - Drawdown Comparison
The maximum GSPFX drawdown since its inception was -36.14%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for GSPFX and QQQM. For additional features, visit the drawdowns tool.
Volatility
GSPFX vs. QQQM - Volatility Comparison
The current volatility for Gotham Enhanced S&P 500 Index Fund (GSPFX) is 2.81%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.97%. This indicates that GSPFX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.