IQQQ vs. ^GSPC
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQQQ or ^GSPC.
Correlation
The correlation between IQQQ and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
IQQQ:
17.25%
^GSPC:
12.87%
IQQQ:
-13.07%
^GSPC:
-56.78%
IQQQ:
-3.41%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, IQQQ achieves a 1.41% return, which is significantly lower than ^GSPC's 1.96% return.
IQQQ
1.41%
1.04%
8.19%
N/A
N/A
N/A
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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Risk-Adjusted Performance
IQQQ vs. ^GSPC — Risk-Adjusted Performance Rank
IQQQ
^GSPC
IQQQ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) and S&P 500 (^GSPC). 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 dataDrawdowns
IQQQ vs. ^GSPC - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -13.07%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IQQQ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. ^GSPC - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 6.14% compared to S&P 500 (^GSPC) at 5.07%. This indicates that IQQQ's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.