Correlation
The correlation between SPQ and ^GSPC 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. ^GSPC
Compare and contrast key facts about Simplify US Equity Plus QIS ETF (SPQ) and S&P 500 (^GSPC).
SPQ is an actively managed fund by Simplify. It was launched on Nov 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPQ or ^GSPC.
Performance
SPQ vs. ^GSPC - Performance Comparison
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Key characteristics
SPQ:
-0.97
^GSPC:
0.66
SPQ:
-0.89
^GSPC:
0.94
SPQ:
0.57
^GSPC:
1.14
SPQ:
-1.00
^GSPC:
0.60
SPQ:
-4.95
^GSPC:
2.28
SPQ:
20.20%
^GSPC:
5.01%
SPQ:
103.34%
^GSPC:
19.77%
SPQ:
-99.99%
^GSPC:
-56.78%
SPQ:
-99.99%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, SPQ achieves a -99.99% return, which is significantly lower than ^GSPC's 0.51% return.
SPQ
-99.99%
-99.98%
-99.99%
-99.98%
N/A
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
SPQ vs. ^GSPC — Risk-Adjusted Performance Rank
SPQ
^GSPC
SPQ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and S&P 500 (^GSPC). 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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Drawdowns
SPQ vs. ^GSPC - Drawdown Comparison
The maximum SPQ drawdown since its inception was -99.99%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPQ and ^GSPC.
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Volatility
SPQ vs. ^GSPC - Volatility Comparison
Simplify US Equity Plus QIS ETF (SPQ) has a higher volatility of 880.59% compared to S&P 500 (^GSPC) at 4.77%. This indicates that SPQ's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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