SPA.AX vs. QQQ
Compare and contrast key facts about Spacetalk Limited (SPA.AX) 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: SPA.AX or QQQ.
Correlation
The correlation between SPA.AX and QQQ is 0.11, 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
SPA.AX vs. QQQ - Performance Comparison
Key characteristics
SPA.AX:
-0.09
QQQ:
1.18
SPA.AX:
0.82
QQQ:
1.64
SPA.AX:
1.11
QQQ:
1.22
SPA.AX:
-0.11
QQQ:
1.59
SPA.AX:
-0.30
QQQ:
5.50
SPA.AX:
35.60%
QQQ:
3.93%
SPA.AX:
121.75%
QQQ:
18.32%
SPA.AX:
-99.96%
QQQ:
-82.98%
SPA.AX:
-96.72%
QQQ:
-1.68%
Returns By Period
In the year-to-date period, SPA.AX achieves a 6.45% return, which is significantly higher than QQQ's 3.34% return. Over the past 10 years, SPA.AX has underperformed QQQ with an annualized return of -17.28%, while QQQ has yielded a comparatively higher 18.30% annualized return.
SPA.AX
6.45%
6.45%
-34.81%
-15.25%
-36.21%
-17.28%
QQQ
3.34%
4.50%
14.51%
24.01%
18.46%
18.30%
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Risk-Adjusted Performance
SPA.AX vs. QQQ — Risk-Adjusted Performance Rank
SPA.AX
QQQ
SPA.AX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spacetalk Limited (SPA.AX) 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
SPA.AX vs. QQQ - Dividend Comparison
SPA.AX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPA.AX Spacetalk Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.91% | 1.20% | 1.02% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SPA.AX vs. QQQ - Drawdown Comparison
The maximum SPA.AX drawdown since its inception was -99.96%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPA.AX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPA.AX vs. QQQ - Volatility Comparison
Spacetalk Limited (SPA.AX) has a higher volatility of 27.64% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that SPA.AX'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.