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 0.94, 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. ^GSPC - Performance Comparison
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Key characteristics
IQQQ:
0.48
^GSPC:
0.64
IQQQ:
0.80
^GSPC:
1.09
IQQQ:
1.11
^GSPC:
1.16
IQQQ:
0.56
^GSPC:
0.72
IQQQ:
1.64
^GSPC:
2.74
IQQQ:
7.00%
^GSPC:
4.95%
IQQQ:
21.85%
^GSPC:
19.62%
IQQQ:
-20.41%
^GSPC:
-56.78%
IQQQ:
-5.93%
^GSPC:
-3.02%
Returns By Period
In the year-to-date period, IQQQ achieves a -1.24% return, which is significantly lower than ^GSPC's 1.30% return.
IQQQ
-1.24%
15.50%
1.78%
10.38%
N/A
N/A
^GSPC
1.30%
12.94%
1.49%
12.48%
15.82%
10.87%
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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.
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Drawdowns
IQQQ vs. ^GSPC - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, 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.
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Volatility
IQQQ vs. ^GSPC - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) and S&P 500 (^GSPC) have volatilities of 5.36% and 5.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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