QQQA vs. SPY
Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and SPDR S&P 500 ETF (SPY).
QQQA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQA is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. It was launched on May 18, 2021. 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. Both QQQA and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQA or SPY.
Correlation
The correlation between QQQA and SPY is 0.86, 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
QQQA vs. SPY - Performance Comparison
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Key characteristics
QQQA:
-0.07
SPY:
0.50
QQQA:
0.16
SPY:
0.88
QQQA:
1.02
SPY:
1.13
QQQA:
-0.05
SPY:
0.56
QQQA:
-0.12
SPY:
2.17
QQQA:
12.11%
SPY:
4.85%
QQQA:
32.20%
SPY:
20.02%
QQQA:
-38.44%
SPY:
-55.19%
QQQA:
-21.26%
SPY:
-7.65%
Returns By Period
In the year-to-date period, QQQA achieves a -8.93% return, which is significantly lower than SPY's -3.42% return.
QQQA
-8.93%
4.43%
-10.45%
-2.86%
N/A
N/A
SPY
-3.42%
7.58%
-5.06%
9.73%
15.77%
12.35%
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QQQA vs. SPY - Expense Ratio Comparison
QQQA has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QQQA vs. SPY — Risk-Adjusted Performance Rank
QQQA
SPY
QQQA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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
QQQA vs. SPY - Dividend Comparison
QQQA's dividend yield for the trailing twelve months is around 0.05%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.05% | 0.09% | 0.34% | 0.28% | 0.10% | 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
QQQA vs. SPY - Drawdown Comparison
The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QQQA and SPY. For additional features, visit the drawdowns tool.
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Volatility
QQQA vs. SPY - Volatility Comparison
ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and SPDR S&P 500 ETF (SPY) have volatilities of 7.76% and 7.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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