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SPTE vs. QQMG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.90%
10.65%
SPTE
QQMG

Returns By Period

In the year-to-date period, SPTE achieves a 28.92% return, which is significantly higher than QQMG's 23.87% return.


SPTE

YTD

28.92%

1M

-2.51%

6M

7.77%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

QQMG

YTD

23.87%

1M

1.05%

6M

10.56%

1Y

30.39%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


SPTEQQMG
Daily Std Dev24.75%18.46%
Max Drawdown-18.15%-35.44%
Current Drawdown-5.56%-2.42%

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SPTE vs. QQMG - Expense Ratio Comparison

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


SPTE
SP Funds S&P Global Technology ETF
Expense ratio chart for SPTE: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for QQMG: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.9

The correlation between SPTE and QQMG is 0.90, 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.

Risk-Adjusted Performance

SPTE vs. QQMG - Risk-Adjusted Performance 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.


Sharpe ratio
No data
SPTE
QQMG

Chart placeholderNot enough data

Dividends

SPTE vs. QQMG - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.23%, less than QQMG's 0.53% yield.


TTM202320222021
SPTE
SP Funds S&P Global Technology ETF
0.23%0.00%0.00%0.00%
QQMG
Invesco ESG NASDAQ 100 ETF
0.53%0.60%0.83%0.08%

Drawdowns

SPTE vs. QQMG - Drawdown Comparison

The maximum SPTE drawdown since its inception was -18.15%, smaller than the maximum QQMG drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for SPTE and QQMG. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.56%
-2.42%
SPTE
QQMG

Volatility

SPTE vs. QQMG - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) and Invesco ESG NASDAQ 100 ETF (QQMG) have volatilities of 6.02% and 5.87%, 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.


4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
6.02%
5.87%
SPTE
QQMG