SLYV vs. QQQ
Compare and contrast key facts about SPDR S&P 600 Small Cap Value ETF (SLYV) and Invesco QQQ (QQQ).
SLYV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLYV is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 29, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SLYV and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLYV or QQQ.
Key characteristics
| SLYV | QQQ | |
|---|---|---|
| YTD Return | -2.96% | 7.66% |
| 1Y Return | 13.25% | 36.94% |
| 3Y Return (Ann) | -0.50% | 10.35% |
| 5Y Return (Ann) | 7.39% | 19.83% |
| 10Y Return (Ann) | 7.97% | 18.65% |
| Sharpe Ratio | 0.60 | 2.29 |
| Daily Std Dev | 21.00% | 16.25% |
| Max Drawdown | -61.32% | -82.98% |
| Current Drawdown | -6.17% | -1.36% |
Correlation
The correlation between SLYV and QQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SLYV vs. QQQ - Performance Comparison
In the year-to-date period, SLYV achieves a -2.96% return, which is significantly lower than QQQ's 7.66% return. Over the past 10 years, SLYV has underperformed QQQ with an annualized return of 7.97%, while QQQ has yielded a comparatively higher 18.65% annualized 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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SLYV vs. QQQ - Expense Ratio Comparison
SLYV has a 0.15% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SLYV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) 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
SLYV vs. QQQ - Dividend Comparison
SLYV's dividend yield for the trailing twelve months is around 2.25%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLYV SPDR S&P 600 Small Cap Value ETF | 2.25% | 2.11% | 1.47% | 1.94% | 1.40% | 1.66% | 2.14% | 5.53% | 2.18% | 6.55% | 7.50% | 1.58% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
SLYV vs. QQQ - Drawdown Comparison
The maximum SLYV drawdown since its inception was -61.32%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SLYV and QQQ. For additional features, visit the drawdowns tool.
Volatility
SLYV vs. QQQ - Volatility Comparison
SPDR S&P 600 Small Cap Value ETF (SLYV) and Invesco QQQ (QQQ) have volatilities of 6.02% and 5.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.