Correlation
The correlation between QCAP and SPY is 0.91, 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.
QCAP vs. SPY
Compare and contrast key facts about FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) and SPDR S&P 500 ETF (SPY).
QCAP and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QCAP is an actively managed fund by FT Vest. It was launched on Apr 18, 2024. 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: QCAP or SPY.
Performance
QCAP vs. SPY - Performance Comparison
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Key characteristics
QCAP:
0.65
SPY:
0.70
QCAP:
0.97
SPY:
1.02
QCAP:
1.18
SPY:
1.15
QCAP:
0.81
SPY:
0.68
QCAP:
4.07
SPY:
2.57
QCAP:
1.82%
SPY:
4.93%
QCAP:
12.28%
SPY:
20.42%
QCAP:
-9.17%
SPY:
-55.19%
QCAP:
-0.72%
SPY:
-3.55%
Returns By Period
In the year-to-date period, QCAP achieves a 0.97% return, which is significantly higher than SPY's 0.87% return.
QCAP
0.97%
2.48%
1.33%
7.86%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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QCAP vs. SPY - Expense Ratio Comparison
QCAP has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QCAP vs. SPY — Risk-Adjusted Performance Rank
QCAP
SPY
QCAP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) 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.
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Dividends
QCAP vs. SPY - Dividend Comparison
QCAP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCAP FT Vest NASDAQ-100 Conservative Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QCAP vs. SPY - Drawdown Comparison
The maximum QCAP drawdown since its inception was -9.17%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QCAP and SPY.
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Volatility
QCAP vs. SPY - Volatility Comparison
The current volatility for FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) is 1.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that QCAP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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