QQQJ vs. SPY
Compare and contrast key facts about Invesco NASDAQ Next Gen 100 ETF (QQQJ) and SPDR S&P 500 ETF (SPY).
QQQJ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. 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 QQQJ 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: QQQJ or SPY.
Performance
QQQJ vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, QQQJ achieves a 15.41% return, which is significantly lower than SPY's 25.41% return.
QQQJ
15.41%
1.64%
10.00%
26.02%
N/A
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| QQQJ | SPY | |
|---|---|---|
| Sharpe Ratio | 1.64 | 2.62 |
| Sortino Ratio | 2.33 | 3.50 |
| Omega Ratio | 1.28 | 1.49 |
| Calmar Ratio | 0.84 | 3.78 |
| Martin Ratio | 8.46 | 17.00 |
| Ulcer Index | 3.02% | 1.87% |
| Daily Std Dev | 15.57% | 12.14% |
| Max Drawdown | -39.58% | -55.19% |
| Current Drawdown | -12.16% | -1.38% |
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QQQJ vs. SPY - Expense Ratio Comparison
QQQJ has a 0.15% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between QQQJ and SPY is 0.84, 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.
Risk-Adjusted Performance
QQQJ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) 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
QQQJ vs. SPY - Dividend Comparison
QQQJ's dividend yield for the trailing twelve months is around 0.79%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.79% | 0.67% | 0.75% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
QQQJ vs. SPY - Drawdown Comparison
The maximum QQQJ drawdown since its inception was -39.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QQQJ and SPY. For additional features, visit the drawdowns tool.
Volatility
QQQJ vs. SPY - Volatility Comparison
Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a higher volatility of 5.18% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that QQQJ'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.