SPR vs. QLD
Compare and contrast key facts about Spirit AeroSystems Holdings, Inc. (SPR) and ProShares Ultra QQQ (QLD).
QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPR or QLD.
Key characteristics
| SPR | QLD | |
|---|---|---|
| YTD Return | -1.98% | 45.85% |
| 1Y Return | 30.12% | 77.31% |
| 3Y Return (Ann) | -12.38% | 8.05% |
| 5Y Return (Ann) | -18.66% | 32.57% |
| 10Y Return (Ann) | -2.55% | 29.83% |
| Sharpe Ratio | 0.86 | 2.13 |
| Sortino Ratio | 1.43 | 2.61 |
| Omega Ratio | 1.19 | 1.35 |
| Calmar Ratio | 0.46 | 2.34 |
| Martin Ratio | 3.70 | 9.29 |
| Ulcer Index | 9.49% | 8.01% |
| Daily Std Dev | 40.82% | 34.98% |
| Max Drawdown | -85.37% | -83.13% |
| Current Drawdown | -69.29% | 0.00% |
Correlation
The correlation between SPR and QLD is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPR vs. QLD - Performance Comparison
In the year-to-date period, SPR achieves a -1.98% return, which is significantly lower than QLD's 45.85% return. Over the past 10 years, SPR has underperformed QLD with an annualized return of -2.55%, while QLD has yielded a comparatively higher 29.83% annualized 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
SPR vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit AeroSystems Holdings, Inc. (SPR) and ProShares Ultra QQQ (QLD). 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
SPR vs. QLD - Dividend Comparison
SPR has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.26%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPR Spirit AeroSystems Holdings, Inc. | 0.00% | 0.00% | 0.10% | 0.09% | 0.10% | 0.66% | 0.64% | 0.46% | 0.17% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
SPR vs. QLD - Drawdown Comparison
The maximum SPR drawdown since its inception was -85.37%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for SPR and QLD. For additional features, visit the drawdowns tool.
Volatility
SPR vs. QLD - Volatility Comparison
The current volatility for Spirit AeroSystems Holdings, Inc. (SPR) is 9.75%, while ProShares Ultra QQQ (QLD) has a volatility of 10.33%. This indicates that SPR experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.