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.
Key characteristics
| SPQ | ^GSPC | |
|---|---|---|
| YTD Return | 16.13% | 17.79% |
| Daily Std Dev | 12.89% | 12.69% |
| Max Drawdown | -10.44% | -56.78% |
| Current Drawdown | -2.30% | -0.86% |
Correlation
The correlation between SPQ and ^GSPC is 0.95, 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. ^GSPC - Performance Comparison
In the year-to-date period, SPQ achieves a 16.13% return, which is significantly lower than ^GSPC's 17.79% return. 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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Risk-Adjusted Performance
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.
Not enough dataDrawdowns
SPQ vs. ^GSPC - Drawdown Comparison
The maximum SPQ drawdown since its inception was -10.44%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPQ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SPQ vs. ^GSPC - Volatility Comparison
Simplify US Equity Plus QIS ETF (SPQ) and S&P 500 (^GSPC) have volatilities of 3.80% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.