SPQ vs. QQQ
Compare and contrast key facts about Simplify US Equity Plus QIS ETF (SPQ) and Invesco QQQ (QQQ).
SPQ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPQ is an actively managed fund by Simplify. It was launched on Nov 13, 2023. 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: SPQ or QQQ.
Key characteristics
| SPQ | QQQ | |
|---|---|---|
| YTD Return | 16.13% | 15.46% |
| Daily Std Dev | 12.89% | 17.69% |
| Max Drawdown | -10.44% | -82.98% |
| Current Drawdown | -2.30% | -6.27% |
Correlation
The correlation between SPQ and QQQ is 0.88, 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
SPQ vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPQ having a 16.13% return and QQQ slightly lower at 15.46%. 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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SPQ vs. QQQ - Expense Ratio Comparison
SPQ has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SPQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) 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.
Not enough dataDividends
SPQ vs. QQQ - Dividend Comparison
SPQ's dividend yield for the trailing twelve months is around 2.11%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPQ Simplify US Equity Plus QIS ETF | 2.11% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
SPQ vs. QQQ - Drawdown Comparison
The maximum SPQ drawdown since its inception was -10.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
SPQ vs. QQQ - Volatility Comparison
The current volatility for Simplify US Equity Plus QIS ETF (SPQ) is 3.80%, while Invesco QQQ (QQQ) has a volatility of 5.90%. This indicates that SPQ 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.