NQ=F vs. SPY
Compare and contrast key facts about E-Mini Nasdaq 100 Futures (NQ=F) and SPDR S&P 500 ETF (SPY).
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: NQ=F or SPY.
Correlation
The correlation between NQ=F and SPY is 0.88, 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
NQ=F vs. SPY - Performance Comparison
Key characteristics
NQ=F:
1.47
SPY:
2.29
NQ=F:
2.02
SPY:
3.04
NQ=F:
1.28
SPY:
1.43
NQ=F:
1.88
SPY:
3.40
NQ=F:
6.35
SPY:
15.01
NQ=F:
4.14%
SPY:
1.90%
NQ=F:
17.77%
SPY:
12.46%
NQ=F:
-35.28%
SPY:
-55.19%
NQ=F:
-0.37%
SPY:
-0.74%
Returns By Period
The year-to-date returns for both stocks are quite close, with NQ=F having a 29.40% return and SPY slightly lower at 28.13%. Over the past 10 years, NQ=F has outperformed SPY with an annualized return of 17.50%, while SPY has yielded a comparatively lower 13.16% annualized return.
NQ=F
29.40%
5.65%
10.30%
29.73%
19.60%
17.50%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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Risk-Adjusted Performance
NQ=F vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) 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.
Drawdowns
NQ=F vs. SPY - Drawdown Comparison
The maximum NQ=F drawdown since its inception was -35.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NQ=F and SPY. For additional features, visit the drawdowns tool.
Volatility
NQ=F vs. SPY - Volatility Comparison
E-Mini Nasdaq 100 Futures (NQ=F) has a higher volatility of 6.55% compared to SPDR S&P 500 ETF (SPY) at 3.93%. This indicates that NQ=F'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.