IQQQ vs. ISPY
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and ProShares S&P 500 High Income ETF (ISPY).
IQQQ and ISPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023. Both IQQQ and ISPY 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: IQQQ or ISPY.
Correlation
The correlation between IQQQ and ISPY is 0.94, 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
IQQQ vs. ISPY - Performance Comparison
Key characteristics
IQQQ:
0.31
ISPY:
0.41
IQQQ:
0.53
ISPY:
0.62
IQQQ:
1.07
ISPY:
1.09
IQQQ:
0.33
ISPY:
0.40
IQQQ:
1.02
ISPY:
1.51
IQQQ:
6.53%
ISPY:
4.46%
IQQQ:
21.79%
ISPY:
16.34%
IQQQ:
-20.41%
ISPY:
-16.88%
IQQQ:
-13.98%
ISPY:
-11.51%
Returns By Period
In the year-to-date period, IQQQ achieves a -9.69% return, which is significantly lower than ISPY's -7.75% return.
IQQQ
-9.69%
-5.60%
-7.37%
6.83%
N/A
N/A
ISPY
-7.75%
-5.65%
-7.17%
7.33%
N/A
N/A
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IQQQ vs. ISPY - Expense Ratio Comparison
Both IQQQ and ISPY have an expense ratio of 0.55%.
Risk-Adjusted Performance
IQQQ vs. ISPY — Risk-Adjusted Performance Rank
IQQQ
ISPY
IQQQ vs. ISPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) and ProShares S&P 500 High Income ETF (ISPY). 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
IQQQ vs. ISPY - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 12.79%, more than ISPY's 11.77% yield.
| TTM | 2024 | |
|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 12.79% | 7.27% |
ISPY ProShares S&P 500 High Income ETF | 11.77% | 9.84% |
Drawdowns
IQQQ vs. ISPY - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, which is greater than ISPY's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for IQQQ and ISPY. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. ISPY - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 13.00% compared to ProShares S&P 500 High Income ETF (ISPY) at 11.03%. This indicates that IQQQ's price experiences larger fluctuations and is considered to be riskier than ISPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.