SPIDX vs. QQQ
Compare and contrast key facts about Invesco S&P 500 Index Fund (SPIDX) and Invesco QQQ (QQQ).
SPIDX is managed by Invesco. It was launched on Sep 26, 1997. 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: SPIDX or QQQ.
Correlation
The correlation between SPIDX and QQQ is 0.86, 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.
Performance
SPIDX vs. QQQ - Performance Comparison
Key characteristics
SPIDX:
1.82
QQQ:
1.34
SPIDX:
2.45
QQQ:
1.83
SPIDX:
1.34
QQQ:
1.24
SPIDX:
2.74
QQQ:
1.78
SPIDX:
11.36
QQQ:
6.25
SPIDX:
2.04%
QQQ:
3.86%
SPIDX:
12.75%
QQQ:
18.07%
SPIDX:
-55.30%
QQQ:
-82.98%
SPIDX:
-4.25%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, SPIDX achieves a -0.62% return, which is significantly higher than QQQ's -1.20% return. Over the past 10 years, SPIDX has underperformed QQQ with an annualized return of 12.57%, while QQQ has yielded a comparatively higher 18.47% annualized return.
SPIDX
-0.62%
-3.65%
3.34%
23.10%
13.14%
12.57%
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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SPIDX vs. QQQ - Expense Ratio Comparison
SPIDX has a 0.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SPIDX vs. QQQ — Risk-Adjusted Performance Rank
SPIDX
QQQ
SPIDX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index Fund (SPIDX) 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
SPIDX vs. QQQ - Dividend Comparison
SPIDX's dividend yield for the trailing twelve months is around 0.98%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 0.98% | 0.97% | 1.23% | 1.13% | 0.98% | 1.28% | 1.50% | 1.81% | 1.49% | 1.49% | 1.74% | 1.38% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SPIDX vs. QQQ - Drawdown Comparison
The maximum SPIDX drawdown since its inception was -55.30%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPIDX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPIDX vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P 500 Index Fund (SPIDX) is 4.48%, while Invesco QQQ (QQQ) has a volatility of 5.94%. This indicates that SPIDX 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.