QDISX vs. SPY
Compare and contrast key facts about Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) and State Street SPDR S&P 500 ETF (SPY).
QDISX is managed by T. Rowe Price. It was launched on Dec 12, 2019. 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.
Performance
QDISX vs. SPY - Performance Comparison
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QDISX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QDISX Fisher Investments Institutional Group Stock Fund for Retirement Plans | -1.69% | 25.34% | 22.02% | 36.03% | -24.15% | 20.28% | 27.76% | 1.00% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 1.93% |
Returns By Period
In the year-to-date period, QDISX achieves a -1.69% return, which is significantly higher than SPY's -3.65% return.
QDISX
- 1D
- 2.48%
- 1M
- -5.92%
- YTD
- -1.69%
- 6M
- 2.24%
- 1Y
- 26.03%
- 3Y*
- 21.29%
- 5Y*
- 12.03%
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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QDISX vs. SPY - Expense Ratio Comparison
QDISX has a 0.00% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
QDISX vs. SPY — Risk / Return Rank
QDISX
SPY
QDISX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) and State Street 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.
| QDISX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.96 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.49 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.53 | +0.57 |
Martin ratioReturn relative to average drawdown | 9.04 | 7.27 | +1.78 |
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
| QDISX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.96 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.70 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.56 | +0.14 |
Correlation
The correlation between QDISX 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.
Dividends
QDISX vs. SPY - Dividend Comparison
QDISX's dividend yield for the trailing twelve months is around 12.89%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDISX Fisher Investments Institutional Group Stock Fund for Retirement Plans | 12.89% | 12.68% | 4.04% | 5.53% | 1.88% | 1.14% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
QDISX vs. SPY - Drawdown Comparison
The maximum QDISX drawdown since its inception was -33.97%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QDISX and SPY.
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Drawdown Indicators
| QDISX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -55.19% | +21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -12.05% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -33.97% | -24.50% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -7.73% | -5.53% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -9.09% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.54% | +0.39% |
Volatility
QDISX vs. SPY - Volatility Comparison
Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) has a higher volatility of 5.65% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that QDISX'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.
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Volatility by Period
| QDISX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 5.35% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 9.50% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 19.06% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 17.06% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.30% | 17.92% | +3.38% |