QAITX vs. ^GSPC
QAITX (Q3 All-Weather Tactical Fund) is Tactical Allocation fund managed by Q3 Asset Management Corporation, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, QAITX returned 2.70%/yr vs 12.39%/yr for ^GSPC. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
QAITX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, QAITX achieves a 6.52% return, which is significantly lower than ^GSPC's 10.79% return.
QAITX
- 1D
- 0.00%
- 1M
- 6.41%
- YTD
- 6.52%
- 6M
- 4.95%
- 1Y
- 19.66%
- 3Y*
- 12.30%
- 5Y*
- 2.70%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
QAITX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QAITX Q3 All-Weather Tactical Fund | 6.52% | 3.53% | 16.11% | 23.71% | -37.71% | 16.80% | 26.32% | 0.00% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 0.29% |
Correlation
The correlation between QAITX and ^GSPC is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019 | 0.68 |
The correlation between QAITX and ^GSPC shifts across timeframes, from 0.68 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QAITX vs. ^GSPC — Risk / Return Rank
QAITX
^GSPC
QAITX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q3 All-Weather Tactical Fund (QAITX) and S&P 500 Index (^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.
| QAITX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.98 | -1.47 |
| Martin ratioReturn relative to average drawdown | 4.73 | 13.78 | -9.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QAITX | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.28 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.74 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Drawdowns
QAITX vs. ^GSPC - Drawdown Comparison
The maximum QAITX drawdown since its inception was -40.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QAITX and ^GSPC.
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Drawdown Indicators
| QAITX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -56.78% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -9.10% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -13.49% | -18.90% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -40.35% | -25.43% | -14.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.56% | -0.33% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -10.72% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 1.97% | +2.34% |
Volatility
QAITX vs. ^GSPC - Volatility Comparison
Q3 All-Weather Tactical Fund (QAITX) has a higher volatility of 3.26% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that QAITX'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.
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Volatility by Period
| QAITX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 2.88% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 9.00% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 11.89% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 16.90% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 18.06% | -3.42% |
Frequently Asked Questions
QAITX and ^GSPC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QAITX has higher volatility (3.26%) compared to ^GSPC (2.88%). In terms of maximum drawdown, QAITX dropped -40.35% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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