SPGP vs. QQQ
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and Invesco QQQ (QQQ).
SPGP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. 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 SPGP 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: SPGP or QQQ.
Performance
SPGP vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SPGP achieves a 12.12% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, SPGP has underperformed QQQ with an annualized return of 14.00%, while QQQ has yielded a comparatively higher 17.95% annualized return.
SPGP
12.12%
1.90%
4.71%
19.93%
13.56%
14.00%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| SPGP | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.28 | 1.70 |
| Sortino Ratio | 1.83 | 2.29 |
| Omega Ratio | 1.23 | 1.31 |
| Calmar Ratio | 1.98 | 2.19 |
| Martin Ratio | 5.97 | 7.96 |
| Ulcer Index | 3.17% | 3.72% |
| Daily Std Dev | 14.78% | 17.39% |
| Max Drawdown | -42.08% | -82.98% |
| Current Drawdown | -1.95% | -3.42% |
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SPGP vs. QQQ - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between SPGP and QQQ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPGP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) 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
SPGP vs. QQQ - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.33%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 1.33% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SPGP vs. QQQ - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPGP and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P 500 GARP ETF (SPGP) is 5.14%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that SPGP experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.