QQA vs. SPHY
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and SPDR Portfolio High Yield Bond ETF (SPHY).
QQA and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or SPHY.
Correlation
The correlation between QQA and SPHY is 0.71, 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.
Performance
QQA vs. SPHY - Performance Comparison
Key characteristics
QQA:
23.70%
SPHY:
5.53%
QQA:
-19.73%
SPHY:
-21.97%
QQA:
-8.05%
SPHY:
-0.92%
Returns By Period
In the year-to-date period, QQA achieves a -3.75% return, which is significantly lower than SPHY's 1.29% return.
QQA
-3.75%
3.58%
-3.65%
N/A
N/A
N/A
SPHY
1.29%
1.51%
0.88%
7.78%
6.59%
4.54%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQA vs. SPHY - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
QQA vs. SPHY — Risk-Adjusted Performance Rank
QQA
SPHY
QQA vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
Not enough dataDividends
QQA vs. SPHY - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 8.16%, more than SPHY's 7.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 8.16% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
QQA vs. SPHY - Drawdown Comparison
The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for QQA and SPHY. For additional features, visit the drawdowns tool.
Volatility
QQA vs. SPHY - Volatility Comparison
Invesco QQQ Income Advantage ETF (QQA) has a higher volatility of 6.83% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 2.35%. This indicates that QQA's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.