ISPY vs. IQQQ
Compare and contrast key facts about ProShares S&P 500 High Income ETF (ISPY) and ProShares Nasdaq-100 High Income ETF (IQQQ).
ISPY and IQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023. 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. Both ISPY and IQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISPY or IQQQ.
Correlation
The correlation between ISPY and IQQQ 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
ISPY vs. IQQQ - Performance Comparison
Key characteristics
ISPY:
0.36
IQQQ:
0.22
ISPY:
0.56
IQQQ:
0.42
ISPY:
1.08
IQQQ:
1.06
ISPY:
0.35
IQQQ:
0.24
ISPY:
1.37
IQQQ:
0.76
ISPY:
4.33%
IQQQ:
6.39%
ISPY:
16.25%
IQQQ:
21.64%
ISPY:
-16.88%
IQQQ:
-20.41%
ISPY:
-13.99%
IQQQ:
-17.39%
Returns By Period
In the year-to-date period, ISPY achieves a -10.34% return, which is significantly higher than IQQQ's -13.27% return.
ISPY
-10.34%
-9.13%
-9.58%
3.75%
N/A
N/A
IQQQ
-13.27%
-10.40%
-9.66%
2.43%
N/A
N/A
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ISPY vs. IQQQ - Expense Ratio Comparison
Both ISPY and IQQQ have an expense ratio of 0.55%.
Risk-Adjusted Performance
ISPY vs. IQQQ — Risk-Adjusted Performance Rank
ISPY
IQQQ
ISPY vs. IQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 High Income ETF (ISPY) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.
Dividends
ISPY vs. IQQQ - Dividend Comparison
ISPY's dividend yield for the trailing twelve months is around 12.11%, less than IQQQ's 13.32% yield.
| TTM | 2024 | |
|---|---|---|
ISPY ProShares S&P 500 High Income ETF | 12.11% | 9.84% |
IQQQ ProShares Nasdaq-100 High Income ETF | 13.32% | 7.27% |
Drawdowns
ISPY vs. IQQQ - Drawdown Comparison
The maximum ISPY drawdown since its inception was -16.88%, smaller than the maximum IQQQ drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for ISPY and IQQQ. For additional features, visit the drawdowns tool.
Volatility
ISPY vs. IQQQ - Volatility Comparison
The current volatility for ProShares S&P 500 High Income ETF (ISPY) is 10.75%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 12.56%. This indicates that ISPY experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.