SPTE vs. QQMG

Last updated Jun 23, 2026

SPTE (SP Funds S&P Global Technology ETF) and QQMG (Invesco ESG NASDAQ 100 ETF) are both exchange-traded funds - SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index, while QQMG is a Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index. Both are passively managed. Over the past year, SPTE returned 71.26% vs 42.87% for QQMG. Their correlation of 0.91 suggests significant overlap in exposure. SPTE charges 0.55%/yr vs 0.20%/yr for QQMG.

Performance

SPTE vs. QQMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and Invesco ESG NASDAQ 100 ETF (QQMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPTE achieves a 40.74% return, which is significantly higher than QQMG's 20.90% return.

SPTE

• 1D: 0.58%
• 1M: 7.25%
• YTD: 40.74%
• 6M: 41.80%
• 1Y: 71.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQMG

• 1D: -0.32%
• 1M: 2.93%
• YTD: 20.90%
• 6M: 19.99%
• 1Y: 42.87%
• 3Y*: 28.45%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPTE vs. QQMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	40.74%	26.37%	33.28%	5.52%
QQMG Invesco ESG NASDAQ 100 ETF	20.90%	22.16%	25.66%	5.38%

Correlation

The correlation between SPTE and QQMG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.91

The correlation between SPTE and QQMG has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

SPTE vs. QQMG - Sectors Allocation Comparison

Sectors	SPTE	QQMG
Technology	98.9%	63.1%
Healthcare	0.3%	3.4%
Industrials	0.2%	1.4%
Energy	0.1%	-
Basic Materials	-	1.4%
Communication Services	-	13.3%
Consumer Cyclical	-	11.6%
Consumer Defensive	-	5.6%
Financial Services	-	0.2%
Real Estate	-	0.1%
Utilities	-	0.2%

Return for Risk

SPTE vs. QQMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPTE

SPTE Risk / Return Rank: 87
SPTE Sharpe Ratio Rank: 91
SPTE Sortino Ratio Rank: 84
SPTE Omega Ratio Rank: 83
SPTE Calmar Ratio Rank: 89
SPTE Martin Ratio Rank: 87

QQMG

QQMG Risk / Return Rank: 71
QQMG Sharpe Ratio Rank: 77
QQMG Sortino Ratio Rank: 69
QQMG Omega Ratio Rank: 70
QQMG Calmar Ratio Rank: 70
QQMG Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPTE vs. QQMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) and Invesco ESG NASDAQ 100 ETF (QQMG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPTE	QQMG	Difference
Sharpe ratio: Return per unit of total volatility	2.94	2.34	+0.60
Sortino ratio: Return per unit of downside risk	3.54	3.02	+0.52
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	5.19	3.40	+1.79
Martin ratio: Return relative to average drawdown	18.04	12.30	+5.74

SPTE vs. QQMG - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 2.94, which is comparable to the QQMG Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of SPTE and QQMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPTE vs. QQMG - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, smaller than the maximum QQMG drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SPTE and QQMG.

Drawdown Indicators

	SPTE	QQMG	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-35.43%	+9.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-12.67%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.79%	—
Current Drawdown Current decline from peak	-1.94%	-1.20%	-0.74%
Average Drawdown Average peak-to-trough decline	-4.08%	-9.54%	+5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	3.50%	+0.46%

Volatility

SPTE vs. QQMG - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 12.27% compared to Invesco ESG NASDAQ 100 ETF (QQMG) at 8.38%. This indicates that SPTE's price experiences larger fluctuations and is considered to be riskier than QQMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTE	QQMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	8.38%	+3.89%
Volatility (6M) Calculated over the trailing 6-month period	20.49%	14.77%	+5.72%
Volatility (1Y) Calculated over the trailing 1-year period	24.38%	18.41%	+5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.47%	23.75%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.47%	23.75%	+2.72%

SPTE vs. QQMG - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is higher than QQMG's 0.20% expense ratio.

Dividends

SPTE vs. QQMG - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.68%, more than QQMG's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021
QQMG Invesco ESG NASDAQ 100 ETF	0.44%	0.41%	0.50%	0.60%	0.82%	0.08%
SPTE SP Funds S&P Global Technology ETF	0.68%	0.96%	0.48%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPTE and QQMG in my portfolio?

With a correlation of 0.90, SPTE and QQMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SPTE or QQMG?

SPTE has higher volatility (12.27%) compared to QQMG (8.38%). In terms of maximum drawdown, SPTE dropped -25.55% vs QQMG's -35.43%.

Which ETF is better, SPTE or QQMG?

On 1-year performance, SPTE leads with 71.26% vs 42.87% for QQMG. On fees, QQMG is cheaper at 0.20% per year. On volatility, QQMG has been the lower-risk option at 8.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTE or QQMG?

Over the 1-year period, SPTE has performed better with a 71.26% return vs 42.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or QQMG?

QQMG is cheaper with a 0.20% expense ratio, compared with 0.55% for SPTE.

Which ETF pays a higher dividend yield, SPTE or QQMG?

SPTE has the higher dividend yield at 0.68%, compared with 0.44% for QQMG.

What is the main difference between SPTE and QQMG?

SPTE is categorized as Technology Equities, while QQMG is Nasdaq-100. SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index, while QQMG tracks Nasdaq-100 ESG Total Return Index. They also come from different issuers: SP Funds and Invesco. Their fees differ too: 0.55% for SPTE and 0.20% for QQMG.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (2.94 vs 2.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.