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
Key characteristics
IQQQ:
0.31
^GSPC:
0.46
IQQQ:
0.53
^GSPC:
0.77
IQQQ:
1.07
^GSPC:
1.11
IQQQ:
0.33
^GSPC:
0.47
IQQQ:
1.02
^GSPC:
1.94
IQQQ:
6.53%
^GSPC:
4.61%
IQQQ:
21.79%
^GSPC:
19.44%
IQQQ:
-20.41%
^GSPC:
-56.78%
IQQQ:
-13.98%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, IQQQ achieves a -9.69% return, which is significantly lower than ^GSPC's -6.06% return.
IQQQ
-9.69%
-5.60%
-7.37%
6.83%
N/A
N/A
^GSPC
-6.06%
-3.27%
-4.87%
9.44%
14.30%
10.11%
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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 -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.
Volatility
IQQQ vs. ^GSPC - Volatility Comparison
The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 13.00%, while S&P 500 (^GSPC) has a volatility of 14.23%. This indicates that IQQQ experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.