QSPT vs. ^GSPC
QSPT (FT Cboe Vest Nasdaq-100 Buffer ETF – September) is Nasdaq-100 fund actively managed by FT Vest, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, QSPT returned 18.04%/yr vs 19.78%/yr for ^GSPC. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
QSPT vs. ^GSPC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QSPT having a 9.54% return and ^GSPC slightly lower at 9.16%.
QSPT
- 1D
- -0.32%
- 1M
- 0.84%
- YTD
- 9.54%
- 6M
- 9.12%
- 1Y
- 20.74%
- 3Y*
- 18.04%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QSPT vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September | 9.54% | 14.58% | 16.07% | 43.15% | -20.38% | 4.49% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 7.52% |
Correlation
The correlation between QSPT and ^GSPC is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.91 |
The correlation between QSPT and ^GSPC has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
QSPT vs. ^GSPC — Risk / Return Rank
QSPT
^GSPC
QSPT vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QSPT | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.78 | +0.10 |
| Martin ratioReturn relative to average drawdown | 12.78 | 12.44 | +0.34 |
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Drawdowns
QSPT vs. ^GSPC - Drawdown Comparison
The maximum QSPT drawdown since its inception was -22.64%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QSPT and ^GSPC.
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Drawdown Indicators
| QSPT | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.64% | -56.78% | +34.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -9.10% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.38% | -18.90% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.80% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -10.71% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.03% | -0.40% |
Volatility
QSPT vs. ^GSPC - Volatility Comparison
The current volatility for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) is 2.86%, while S&P 500 Index (^GSPC) has a volatility of 4.67%. This indicates that QSPT experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPT | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 4.67% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 9.84% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 12.50% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 16.99% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 18.11% | -3.00% |
Frequently Asked Questions
With a correlation of 0.91, QSPT and ^GSPC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
^GSPC has higher volatility (4.67%) compared to QSPT (2.86%). In terms of maximum drawdown, QSPT dropped -22.64% vs ^GSPC's -56.78%.
QSPT currently has the higher Sharpe Ratio (2.14 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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