SAVE vs. QQQ
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 0.34, 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
Key characteristics
SAVE:
-0.61
QQQ:
1.64
SAVE:
-1.67
QQQ:
2.19
SAVE:
0.69
QQQ:
1.30
SAVE:
-0.99
QQQ:
2.16
SAVE:
-1.36
QQQ:
7.79
SAVE:
72.69%
QQQ:
3.76%
SAVE:
162.03%
QQQ:
17.85%
SAVE:
-99.83%
QQQ:
-82.98%
SAVE:
-99.80%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, SAVE achieves a -99.06% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, SAVE has underperformed QQQ with an annualized return of -46.03%, while QQQ has yielded a comparatively higher 18.36% annualized return.
SAVE
-99.06%
15.38%
-96.13%
-99.06%
-67.49%
-46.03%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
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.
Dividends
SAVE vs. QQQ - Dividend Comparison
SAVE's dividend yield for the trailing twelve months is around 133.33%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVE Spirit Airlines, Inc. | 133.33% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SAVE vs. QQQ - Drawdown Comparison
The maximum SAVE drawdown since its inception was -99.83%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SAVE and QQQ. For additional features, visit the drawdowns tool.
Volatility
SAVE vs. QQQ - Volatility Comparison
Spirit Airlines, Inc. (SAVE) has a higher volatility of 10.45% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that SAVE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.