LQAI vs. SPY
Compare and contrast key facts about LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) and SPDR S&P 500 ETF (SPY).
LQAI and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQAI is an actively managed fund by QRAFT. It was launched on Nov 7, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQAI or SPY.
Correlation
The correlation between LQAI and SPY 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
LQAI vs. SPY - Performance Comparison
Key characteristics
LQAI:
1.76
SPY:
1.75
LQAI:
2.36
SPY:
2.36
LQAI:
1.32
SPY:
1.32
LQAI:
2.39
SPY:
2.66
LQAI:
9.30
SPY:
11.01
LQAI:
2.64%
SPY:
2.03%
LQAI:
14.04%
SPY:
12.77%
LQAI:
-10.27%
SPY:
-55.19%
LQAI:
-2.85%
SPY:
-2.12%
Returns By Period
The year-to-date returns for both investments are quite close, with LQAI having a 2.30% return and SPY slightly higher at 2.36%.
LQAI
2.30%
-0.39%
13.04%
22.42%
N/A
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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LQAI vs. SPY - Expense Ratio Comparison
LQAI has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LQAI vs. SPY — Risk-Adjusted Performance Rank
LQAI
SPY
LQAI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) and SPDR S&P 500 ETF (SPY). 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
LQAI vs. SPY - Dividend Comparison
LQAI's dividend yield for the trailing twelve months is around 0.67%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF | 0.67% | 0.69% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LQAI vs. SPY - Drawdown Comparison
The maximum LQAI drawdown since its inception was -10.27%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LQAI and SPY. For additional features, visit the drawdowns tool.
Volatility
LQAI vs. SPY - Volatility Comparison
LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) has a higher volatility of 4.24% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that LQAI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.