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.
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.
Performance
QFIN vs. SPY - Performance Comparison
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Key characteristics
QFIN:
2.35
SPY:
0.70
QFIN:
2.90
SPY:
1.02
QFIN:
1.35
SPY:
1.15
QFIN:
2.26
SPY:
0.68
QFIN:
14.84
SPY:
2.57
QFIN:
7.75%
SPY:
4.93%
QFIN:
50.71%
SPY:
20.42%
QFIN:
-76.74%
SPY:
-55.19%
QFIN:
-12.98%
SPY:
-3.55%
Returns By Period
In the year-to-date period, QFIN achieves a 9.10% return, which is significantly higher than SPY's 0.87% return.
QFIN
9.10%
1.81%
9.87%
121.40%
44.64%
37.29%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
QFIN vs. SPY - Dividend Comparison
QFIN's dividend yield for the trailing twelve months is around 3.16%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | 3.16% | 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 | 1.22% | 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.
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Volatility
QFIN vs. SPY - Volatility Comparison
360 DigiTech, Inc. (QFIN) has a higher volatility of 11.92% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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