QAITX vs. ^GSPC
Compare and contrast key facts about Q3 All-Weather Tactical Fund (QAITX) and S&P 500 (^GSPC).
QAITX is managed by Q3 Asset Management Corporation. It was launched on Dec 29, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAITX or ^GSPC.
Correlation
The correlation between QAITX and ^GSPC is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QAITX vs. ^GSPC - Performance Comparison
Key characteristics
QAITX:
0.77
^GSPC:
1.62
QAITX:
1.08
^GSPC:
2.20
QAITX:
1.15
^GSPC:
1.30
QAITX:
0.38
^GSPC:
2.46
QAITX:
3.21
^GSPC:
10.01
QAITX:
3.53%
^GSPC:
2.08%
QAITX:
14.65%
^GSPC:
12.88%
QAITX:
-44.62%
^GSPC:
-56.78%
QAITX:
-19.39%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, QAITX achieves a -0.70% return, which is significantly lower than ^GSPC's 2.24% return.
QAITX
-0.70%
-2.50%
0.27%
8.85%
1.21%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
QAITX vs. ^GSPC — Risk-Adjusted Performance Rank
QAITX
^GSPC
QAITX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Q3 All-Weather Tactical Fund (QAITX) 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
QAITX vs. ^GSPC - Drawdown Comparison
The maximum QAITX drawdown since its inception was -44.62%, 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. For additional features, visit the drawdowns tool.
Volatility
QAITX vs. ^GSPC - Volatility Comparison
Q3 All-Weather Tactical Fund (QAITX) has a higher volatility of 4.53% compared to S&P 500 (^GSPC) at 3.43%. 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.