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.
Performance
IQQQ vs. ^GSPC - Performance Comparison
Returns By Period
IQQQ
N/A
1.35%
9.18%
N/A
N/A
N/A
^GSPC
24.05%
0.89%
11.19%
30.12%
13.82%
11.14%
Key characteristics
| IQQQ | ^GSPC | |
|---|---|---|
| Daily Std Dev | 17.21% | 12.25% |
| Max Drawdown | -13.07% | -56.78% |
| Current Drawdown | -2.05% | -1.41% |
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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.
Risk-Adjusted Performance
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 5.42% compared to S&P 500 (^GSPC) at 4.07%. 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.