SPTE vs. QQMG
Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and Invesco ESG NASDAQ 100 ETF (QQMG).
SPTE and QQMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. QQMG is a passively managed fund by Invesco that tracks the performance of the Nasdaq-100 ESG Total Return Index. It was launched on Oct 27, 2021. Both SPTE and QQMG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPTE or QQMG.
Key characteristics
| SPTE | QQMG | |
|---|---|---|
| YTD Return | 27.53% | 19.99% |
| Daily Std Dev | 25.00% | 18.38% |
| Max Drawdown | -18.15% | -35.44% |
| Current Drawdown | -6.58% | -4.18% |
Correlation
The correlation between SPTE and QQMG is 0.91, 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
SPTE vs. QQMG - Performance Comparison
In the year-to-date period, SPTE achieves a 27.53% return, which is significantly higher than QQMG's 19.99% 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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SPTE vs. QQMG - Expense Ratio Comparison
SPTE has a 0.55% expense ratio, which is higher than QQMG's 0.20% expense ratio.
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.
Not enough dataDividends
SPTE vs. QQMG - Dividend Comparison
SPTE's dividend yield for the trailing twelve months is around 0.22%, less than QQMG's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SPTE SP Funds S&P Global Technology ETF | 0.22% | 0.00% | 0.00% | 0.00% |
QQMG Invesco ESG NASDAQ 100 ETF | 0.55% | 0.60% | 0.82% | 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.
Volatility
SPTE vs. QQMG - Volatility Comparison
SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 6.02% compared to Invesco ESG NASDAQ 100 ETF (QQMG) at 4.63%. 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.