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SAVE vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SAVE vs. QQQ

Last updated May 12, 2025

Compare and contrast key facts about Spirit Airlines, Inc. (SAVE) and Invesco QQQ (QQQ).

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: SAVE or QQQ.

Correlation

The correlation between SAVE and QQQ is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

SAVE vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spirit Airlines, Inc. (SAVE) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

SAVE

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

QQQ

YTD

-4.41%

1M

7.39%

6M

-4.80%

1Y

11.06%

5Y*

17.86%

10Y*

17.08%

*Annualized

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Risk-Adjusted Performance

SAVE vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAVE
The Risk-Adjusted Performance Rank of SAVE is 77
Overall Rank
The Sharpe Ratio Rank of SAVE is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of SAVE is 55
Sortino Ratio Rank
The Omega Ratio Rank of SAVE is 22
Omega Ratio Rank
The Calmar Ratio Rank of SAVE is 11
Calmar Ratio Rank
The Martin Ratio Rank of SAVE is 1212
Martin Ratio Rank
QQQ
The Risk-Adjusted Performance Rank of QQQ is 5757
Overall Rank
The Sharpe Ratio Rank of QQQ is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5757
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6363
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SAVE vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Spirit Airlines, Inc. (SAVE) 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.

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Dividends

SAVE vs. QQQ - Dividend Comparison

SAVE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.

TTM20242023202220212020201920182017201620152014
SAVE
Spirit Airlines, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ		0.61%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

SAVE vs. QQQ - Drawdown Comparison

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Volatility

SAVE vs. QQQ - Volatility Comparison

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