QFIN vs. SPY
Compare and contrast key facts about 360 DigiTech, Inc. (QFIN) 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: QFIN or SPY.
Correlation
The correlation between QFIN and SPY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QFIN vs. SPY - Performance Comparison
Key characteristics
QFIN:
2.50
SPY:
0.54
QFIN:
3.10
SPY:
0.90
QFIN:
1.38
SPY:
1.13
QFIN:
2.53
SPY:
0.57
QFIN:
15.57
SPY:
2.24
QFIN:
8.25%
SPY:
4.82%
QFIN:
50.49%
SPY:
20.02%
QFIN:
-76.74%
SPY:
-55.19%
QFIN:
-8.96%
SPY:
-7.53%
Returns By Period
In the year-to-date period, QFIN achieves a 14.14% return, which is significantly higher than SPY's -3.30% return.
QFIN
14.14%
22.17%
32.43%
124.77%
43.42%
N/A
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
QFIN vs. SPY — Risk-Adjusted Performance Rank
QFIN
SPY
QFIN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 360 DigiTech, Inc. (QFIN) 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.
Dividends
QFIN vs. SPY - Dividend Comparison
QFIN's dividend yield for the trailing twelve months is around 3.02%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | 3.02% | 3.07% | 4.17% | 4.03% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QFIN vs. SPY - Drawdown Comparison
The maximum QFIN drawdown since its inception was -76.74%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QFIN and SPY. For additional features, visit the drawdowns tool.
Volatility
QFIN vs. SPY - Volatility Comparison
360 DigiTech, Inc. (QFIN) has a higher volatility of 15.52% compared to SPDR S&P 500 ETF (SPY) at 12.36%. This indicates that QFIN'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.