QSPT vs. SPY
Compare and contrast key facts about FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and SPDR S&P 500 ETF (SPY).
QSPT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QSPT is an actively managed fund by FT Vest. It was launched on Sep 17, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSPT or SPY.
Key characteristics
| QSPT | SPY | |
|---|---|---|
| YTD Return | 11.44% | 18.86% |
| 1Y Return | 20.06% | 28.13% |
| Sharpe Ratio | 2.25 | 2.21 |
| Daily Std Dev | 8.83% | 12.60% |
| Max Drawdown | -22.64% | -55.19% |
| Current Drawdown | -0.02% | -0.61% |
Correlation
The correlation between QSPT and SPY is 0.90, 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
QSPT vs. SPY - Performance Comparison
In the year-to-date period, QSPT achieves a 11.44% return, which is significantly lower than SPY's 18.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QSPT vs. SPY - Expense Ratio Comparison
QSPT has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QSPT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) 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
QSPT vs. SPY - Dividend Comparison
QSPT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.94%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
QSPT vs. SPY - Drawdown Comparison
The maximum QSPT drawdown since its inception was -22.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QSPT and SPY. For additional features, visit the drawdowns tool.
Volatility
QSPT vs. SPY - Volatility Comparison
The current volatility for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) is 1.79%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that QSPT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.