SPCX vs. QQQM

Last updated Jul 17, 2026

SPCX (Space Exploration Technologies Corp. (SpaceX)) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. At a 0.31 correlation, their price movements are largely independent.

Performance

SPCX vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Space Exploration Technologies Corp. (SpaceX) (SPCX) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCX

• 1D: -3.08%
• 1M: -35.03%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -1.65%
• 1M: -3.18%
• 6M: 13.83%
• YTD: 15.22%
• 1Y: 27.34%
• 3Y*: 23.46%
• 5Y*: 15.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPCX vs. QQQM - Yearly Performance Comparison

	2026 (YTD)
SPCX Space Exploration Technologies Corp. (SpaceX)	-12.59%
QQQM Invesco NASDAQ 100 ETF	-1.36%

Correlation

The correlation between SPCX and QQQM is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2026	0.31

Return for Risk

SPCX vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQM

QQQM Risk / Return Rank: 54
QQQM Sharpe Ratio Rank: 53
QQQM Sortino Ratio Rank: 49
QQQM Omega Ratio Rank: 50
QQQM Calmar Ratio Rank: 57
QQQM Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPCX vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Space Exploration Technologies Corp. (SpaceX) (SPCX) and Invesco NASDAQ 100 ETF (QQQM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPCX	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.48	—
Sortino ratio: Return per unit of downside risk	—	2.01	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.30	—
Martin ratio: Return relative to average drawdown	—	8.14	—

Drawdowns

SPCX vs. QQQM - Drawdown Comparison

The maximum SPCX drawdown since its inception was -35.03%, roughly equal to the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SPCX and QQQM.

Drawdown Indicators

	SPCX	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-35.03%	-35.04%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-35.03%	-5.28%	-29.75%
Average Drawdown Average peak-to-trough decline	-20.16%	-8.15%	-12.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.37%	—

Volatility

Volatility by Period

	SPCX	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.68%	18.54%	+89.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.68%	22.65%	+85.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.68%	22.30%	+85.38%

Dividends

SPCX vs. QQQM - Dividend Comparison

SPCX has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.45%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
SPCX Space Exploration Technologies Corp. (SpaceX)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPCX and QQQM in my portfolio?

SPCX and QQQM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.