IQQQ vs. SPY
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and SPDR S&P 500 ETF (SPY).
IQQQ and SPY 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. 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 IQQQ 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: IQQQ or SPY.
Key characteristics
| IQQQ | SPY | |
|---|---|---|
| Daily Std Dev | 14.58% | 11.48% |
| Max Drawdown | -6.82% | -55.19% |
| Current Drawdown | -0.31% | -0.06% |
Correlation
The correlation between IQQQ and SPY is 0.93, 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. SPY - Performance Comparison
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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IQQQ vs. SPY - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IQQQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
Not enough dataDividends
IQQQ vs. SPY - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 0.88%, less than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IQQQ vs. SPY - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -6.82%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IQQQ and SPY. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. SPY - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 4.48% compared to SPDR S&P 500 ETF (SPY) at 3.37%. This indicates that IQQQ'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.