Correlation
The correlation between SPQ and SPY is 0.85, 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.
SPQ vs. SPY
Compare and contrast key facts about Simplify US Equity Plus QIS ETF (SPQ) and SPDR S&P 500 ETF (SPY).
SPQ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPQ or SPY.
Performance
SPQ vs. SPY - Performance Comparison
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Key characteristics
SPQ:
-0.97
SPY:
0.70
SPQ:
-0.89
SPY:
1.02
SPQ:
0.57
SPY:
1.15
SPQ:
-1.00
SPY:
0.68
SPQ:
-4.95
SPY:
2.57
SPQ:
20.20%
SPY:
4.93%
SPQ:
103.34%
SPY:
20.42%
SPQ:
-99.99%
SPY:
-55.19%
SPQ:
-99.99%
SPY:
-3.55%
Returns By Period
In the year-to-date period, SPQ achieves a -99.99% return, which is significantly lower than SPY's 0.87% return.
SPQ
-99.99%
-99.98%
-99.99%
-99.98%
N/A
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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SPQ vs. SPY - Expense Ratio Comparison
SPQ has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPQ vs. SPY — Risk-Adjusted Performance Rank
SPQ
SPY
SPQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
SPQ vs. SPY - Dividend Comparison
SPQ's dividend yield for the trailing twelve months is around 116,186.50%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPQ Simplify US Equity Plus QIS ETF | 116,186.50% | 17.17% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPQ vs. SPY - Drawdown Comparison
The maximum SPQ drawdown since its inception was -99.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPQ and SPY.
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Volatility
SPQ vs. SPY - Volatility Comparison
Simplify US Equity Plus QIS ETF (SPQ) has a higher volatility of 880.59% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that SPQ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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