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:
0.37
^GSPC:
0.58
IQQQ:
0.59
^GSPC:
0.86
IQQQ:
1.08
^GSPC:
1.11
IQQQ:
0.52
^GSPC:
0.80
IQQQ:
1.40
^GSPC:
2.64
IQQQ:
4.89%
^GSPC:
3.08%
IQQQ:
18.47%
^GSPC:
13.97%
IQQQ:
-13.07%
^GSPC:
-56.78%
IQQQ:
-9.94%
^GSPC:
-7.70%
Returns By Period
In the year-to-date period, IQQQ achieves a -5.45% return, which is significantly lower than ^GSPC's -3.58% return.
IQQQ
-5.45%
-3.15%
-0.21%
7.66%
N/A
N/A
^GSPC
-3.58%
-3.06%
-0.68%
8.94%
17.98%
10.64%
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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.
Drawdowns
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 7.64% compared to S&P 500 (^GSPC) at 5.74%. 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.