SAPEX vs. QQQ
Compare and contrast key facts about Spectrum Active Advantage Fund (SAPEX) and Invesco QQQ (QQQ).
SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAPEX or QQQ.
Key characteristics
| SAPEX | QQQ | |
|---|---|---|
| YTD Return | 4.96% | 15.96% |
| 1Y Return | 15.56% | 28.44% |
| 3Y Return (Ann) | -9.74% | 8.94% |
| 5Y Return (Ann) | 3.17% | 20.55% |
| Sharpe Ratio | 1.16 | 1.62 |
| Daily Std Dev | 13.45% | 17.68% |
| Max Drawdown | -43.33% | -82.98% |
| Current Drawdown | -32.06% | -5.86% |
Correlation
The correlation between SAPEX and QQQ is 0.82, 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
SAPEX vs. QQQ - Performance Comparison
In the year-to-date period, SAPEX achieves a 4.96% return, which is significantly lower than QQQ's 15.96% 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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SAPEX vs. QQQ - Expense Ratio Comparison
SAPEX has a 1.69% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SAPEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) and Invesco QQQ (QQQ). 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
SAPEX vs. QQQ - Dividend Comparison
SAPEX's dividend yield for the trailing twelve months is around 2.00%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAPEX Spectrum Active Advantage Fund | 2.00% | 0.88% | 0.00% | 28.23% | 17.42% | 0.74% | 3.09% | 4.47% | 0.17% | 0.71% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
SAPEX vs. QQQ - Drawdown Comparison
The maximum SAPEX drawdown since its inception was -43.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SAPEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SAPEX vs. QQQ - Volatility Comparison
The current volatility for Spectrum Active Advantage Fund (SAPEX) is 4.62%, while Invesco QQQ (QQQ) has a volatility of 6.05%. This indicates that SAPEX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.